Pocketful of Dirhams
What to do if your spouse earns more or less than you

What to do if your spouse earns more or less than you

June 29, 2021
The topic of salaries can be a sensitive subject between couples, but what should spouses do if their partner earns more or less than they do?
There are a number of issues for couples to be aware of in this situation, such as some partners believing they deserve a bigger say in shared finances because they earn more, which could lead to resentment.

Financial experts say this should never be the case – and creating an equal footing between both spouses when it comes to money is important regardless of how much they earn. They say communication and honesty are key for couples to create a secure financial future together.

Host Felicity Glover, the personal finance editor at The National, is joined by Georgina Howard, a chartered financial planner at The Fry Group, who shares her top tips on how to create financial equality in your marriage.
How to avoid ‘lifestyle creep’

How to avoid ‘lifestyle creep’

June 22, 2021
Consider this: You’ve just received a promotion and a pay rise at work. But what plans do you have for that extra money? Will you save it – or will you spend it? For some, saving is the obvious way forward because they are happy to live within their means on their old salary and anything extra is a bonus to secure their financial future. But for many others, the temptation is too great and they see the extra money as an excuse to pay for items they couldn't afford before. Examples could be taking out a loan to buy a fancy new car that you don’t need or upgrading to a larger, more expensive apartment.

This is known as lifestyle creep – or lifestyle inflation. As the phrase suggests, it can creep up on you before you realise that you’re living beyond your means and constantly need more promotions and pay rises just to keep up with your rising financial responsibilities. But how do you avoid lifestyle creep and keep your financial goals on track?

Host Felicity Glover is joined by Carol Glynn, the founder of Conscious Finance Coaching, who offers her advice on the best ways to prevent lifestyle inflation creeping up on you.
Are you ready for a cashless life?

Are you ready for a cashless life?

June 8, 2021

While the Covid-19 pandemic has changed the way we live and work, it has also accelerated our switch to using contactless cards and e-wallets to pay for goods and services. Millions of people have opted for cashless payments since global lockdowns came into force in March last year amid concerns about the spread of infection through bank notes and coins.

In March, a survey by moneytransfers.com, which used YouGov data to rank 21 countries that are likely to accept a fully cashless economy, found that consumers in India, the UAE and Indonesia were the most likely to choose digital payments. Meanwhile, another study by Standard Chartered last September found that 64 per cent of respondents expect the UAE to be a fully cashless society by 2030.

Co-hosts Felicity Glover and Alice Haine discuss the future of cash and whether or not it will continue to play an important part in our financial lives post-pandemic.

The best travel deals for summer 2021

The best travel deals for summer 2021

June 1, 2021

It’s been more than a year since our 2020 travel plans were disrupted because of the Covid-19 pandemic – and many of us are keen to get back in the air, visit family or take a well-deserved holiday. With vaccination programmes now in place in many countries around the world and travel corridors opening up, it's time to start planning our summer vacations.

There are a number of financial factors to consider before taking the leap, including the cost of flights, health insurance and whether or not airlines will continue offering flexible tickets in case our travel plans have to be cancelled at the last minute. The good news is that there are quite a few flight deals being offered by the likes of Emirates, Etihad and low-cost airline flydubai – but it's best to get in early to take advantage of the lower prices.

Host Felicity Glover is joined by Hayley Skirka, The National’s travel correspondent, who shares her recommendations for the best travel deals this summer.