Pocketful of Dirhams
Teaching your children to be financially-savvy

Teaching your children to be financially-savvy

February 24, 2020
Educating children about how to manage money is vital for their future. But with lessons in financial literacy sometimes on the more basic side, it falls to parents to pass on those early messages on effective financial behaviour. A 2019 study by Visa found that 43 per cent of those polled in the UAE between the ages of 16 to 24 are not ready to manage their own money, while more than half believe schools do not prepare them enough.
Which is why parents play such an important role in shaping a child’s attitude towards money. So how can parents introduce the concept of budgeting and saving to their children? 

Host Alice Haine, the personal finance editor of The National, is joined by Ayesha Khan, The National's podcast producer, and Marilyn Pinto, the founder and managing director of the Kids Finance Initiative, which runs financial literacy boot camps for young children and teenagers. She is also joined later in the show by Mika Coquia, a mother who changed how she educated her daughter about money after spoiling her as a young child.
Cut costs of running your car in the UAE

Cut costs of running your car in the UAE

February 17, 2020
Running a car in the UAE can be an expensive process, once you factor in petrol, maintenance, repairs and insurance. But there are a number of ways to cut costs. One rule of thumb includes limiting payments on a car loan to 10 per cent of your monthly income to ensure your total costs for all car expenses stays below 20 per cent of your earnings. Another tip is to replace your car if repair costs are too high, while some question whether you need a car at all?

Host Alice Haine, the personal finance editor of The National, is joined by Louise Burke, a home page editor at The National, and Imad Hammad, the co-founder of CarSwitch.com, a second-hand car platform in the UAE. She is also joined later in the show by Philip Bahoshy, the founder of start-up data platform Magnitt, who decided the most cost-effective option was to ditch his car altogether.

A guide to property investment in post-Brexit UK

A guide to property investment in post-Brexit UK

February 10, 2020
Brexit. It’s a word we’ve all become familiar with since the UK voted to leave the European Union on June 23 2016. The move saw the pound plunge in value and property prices cool as buyers struggled to digest how the UK’s exit from the EU would affect the market. However, following the Conservative win in the UK’s December election, central London property buyers no longer appear phased by “the Brexit dip”. Sales increased by 34 per cent in the last quarter of 2019 compared to the same period the previous year, according to LonRes, with central London house prices rising 2.4 per cent  following five consecutive quarterly falls. With optimism in the market once again, what’s the best way for UAE investors to buy in the UK?

Host Alice Haine is joined by Emma Tracey, deputy creative director at The National and Chris Battle, founder of The Property Hub Meet-up Dubai, who owns 10 buy-to-let properties in the UK. Later on we'll hear from a UAE resident who has become a successful UK developer while living and working in the UAE.

How to invest your money in volatile times

How to invest your money in volatile times

February 4, 2020
Investing your money always come with risk.  This month alone, we’ve seen how geopolitical shocks can spook the markets and sending the price of gold to a six-year high of almost $1,600 an ounce. Last year the US-China trade dispute also took its toll on the markets, along with the never-ending Brexit saga in the UK. Now, markets are trying to absorb what the coronavirus outbreak means.
So how should investors position their portfolio in volatile times? 
Alice Haine, the personal finance editor of The National, is joined by Andy Scott, a video journalist at The National. Later we’ll be joined by Stuart Ritchie, a director and chartered financial planner with the global wealth advice company AES International. Also, we’ll hear from Steve Cronin, founder of Dead Simple Saving, who keeps investing in a portfolio of low-cost index-funds no matter what is happening in the world.