logo
Ministry of Finance
logo Gold star Logo
Global star rating system for services
  • Home
    Home
  • Services

    Individuals & Corporate Services

    • Trust Voice
    • Submit inquiries about the ministry’s services
    • Submitting a suggestion regarding the Ministry’s services
    • Submitting complaints about the services of the Ministry of Finance
    • Supplier Services
    • Accreditation of eInvoicing Service Providers

    Government Services

    • Transfer of financial allocations between chapters and programs
    • Request to impose/modify fees for federal agencies services
    • Request to open and close bank accounts for federal entities
    • Create or Remove new hires requests
    • Exemption request from all or some of the debts and dues outstanding and payable to the State’s Treasury
    • Tax classification requests for VAT and corporate tax ATTR
    Government Services
    • Processing requests from federal entities regarding real estate properties of the federal government
    • Tableau (Smart Reporting System) / Data Lake User management
    • Applying for Report preparation and Amendment request
    • Submitting inquiries for federal entities' accounting
    • Contracting with the World Bank for advisory services
  • Public Finance

    UAE Financial Sustainability

    • UAE Financial Framework
    • Accrual Accounting Program
    • Segregation of Duties

    Federal Budget

    • UAE Budget Overview
    • Federal Budget 2025
    • Federal Budget 2022-2026
    • Federal Budget Archive
    • Government Financial Statistics

    Tax

    • Value Added Tax (VAT)
    • Corporate Tax
    • Top-up Tax

    Government Procurement

    • Federal Supplier Register
    • Digital Procurement Platform
    • DPP Catalogue
    • Guide to Digital Procurement Procedures for the Federal Government
    • Current Business Opportunities
    • SMEs

    International Relations

    • GCC Economic Integration
    • Regional and International Partnerships and Agreements
    • Protection and Promotion of Investments
    • Double Taxation Agreements
    • Automatic Exchange of Information - FATCA and CRS
    • Economic Substance Regulations (ESR)
    • Country by Country Reporting (CbCR)
    • Our Participation in G20
    • Our Participation in BRICS
    • UAE in Global Competitiveness Reports

    Public Debt

    • Federal Debt Management Office
    • T-Bonds
    • T-Sukuk
    • Issuance Programme
    • Primary Dealers
    • International Bonds
    • Investor Relations
    • UAE Credit Rating
  • Financial Legislation
  • Digital Participation
    • Digital Participation Policy
    • Consultations
    • Contact the Minister
    • MoF Blog
    • Social Media
    • Digital Accessibility Statements
    • Blogs
    • Sharik.ae
  • Open Data
    • Bayanat.ae
    • Data Visualization
    • Geospatial Dashboard
    • Real-time Report
    • International Treaties Dashboard
    • Open Data Policy
    • Open Data Publication Plan
    • Statistics
    • Request or propose data
  • About Us
    • MoF Strategy
    • The Minister
    • MoF Leadership
    • Organisation Chart
    • MoF Youth Council
    • Sustainable Development Goals
    • Social Responsibility
    • MoF Achievements
    • Awards
    • Our partners
    • Initiatives
  • Footer Pages

    The Ministry

    • About the ministry
    • The minister
    • The UAE Government charter
    • Awards
    • Careers

    Using the website

    • Sitemap
    • Copyright
    • Disclaimer
    • Terms and conditions
    • Accessibility
    • Privacy policy

    Information and support

    • Media centre
    • Contact us
    • FAQs
    • Feedback and complaints

    Quick links

    • Glossary and abbreviations
    • Press contact and media kit
    • Digital accessibility policy
    • Digital participation policy
  • Login
    Login
  • Accessibility
    Accessibility
  • Switch Language
    Switch language
logo Logo
logo Gold star Logo
logo
  • Home
  • Services

    Individuals & Corporate Services

    • Trust Voice
    • Submit inquiries about the ministry’s services
    • Submitting a suggestion regarding the Ministry’s services
    • Submitting complaints about the services of the Ministry of Finance
    • Supplier Services
    • Accreditation of eInvoicing Service Providers

    Government Services

    • Transfer of financial allocations between chapters and programs
    • Request to impose/modify fees for federal agencies services
    • Request to open and close bank accounts for federal entities
    • Create or Remove new hires requests
    • Exemption request from all or some of the debts and dues outstanding and payable to the State’s Treasury
    • Tax classification requests for VAT and corporate tax ATTR

    Government Services

    • Processing requests from federal entities regarding real estate properties of the federal government
    • Tableau (Smart Reporting System) / Data Lake User management
    • Applying for Report preparation and Amendment request
    • Submitting inquiries for federal entities' accounting
    • Contracting with the World Bank for advisory services
  • Public Finance

    UAE Financial Sustainability

    • UAE Financial Framework
    • Accrual Accounting Program
    • Segregation of Duties

    Federal Budget

    • UAE Budget Overview
    • Federal Budget 2025
    • Federal Budget 2022-2026
    • Federal Budget Archive
    • Government Financial Statistics

    Tax

    • Value Added Tax (VAT)
    • Corporate Tax
    • Top-up Tax

    Government Procurement

    • Federal Supplier Register
    • Digital Procurement Platform
    • DPP Catalogue
    • Guide to Digital Procurement Procedures for the Federal Government
    • Current Business Opportunities
    • SMEs

    International Relations

    • GCC Economic Integration
    • Regional and International Partnerships and Agreements
    • Protection and Promotion of Investments
    • Double Taxation Agreements
    • Automatic Exchange of Information - FATCA and CRS
    • Economic Substance Regulations (ESR)
    • Country by Country Reporting (CbCR)
    • Our Participation in G20
    • Our Participation in BRICS
    • UAE in Global Competitiveness Reports

    Public Debt

    • Federal Debt Management Office
    • T-Bonds
    • T-Sukuk
    • Issuance Programme
    • Primary Dealers
    • International Bonds
    • Investor Relations
    • UAE Credit Rating
  • Financial Legislation
  • Digital Participation
    • Digital Participation Policy
    • Consultations
    • Contact the Minister
    • MoF Blog
    • Social Media
    • Digital Accessibility Statements
    • Blogs
    • Sharik.ae
  • Open Data
    • Bayanat.ae
    • Data Visualization
    • Geospatial Dashboard
    • Real-time Report
    • International Treaties Dashboard
    • Open Data Policy
    • Open Data Publication Plan
    • Statistics
    • Request or propose data
  • About Us
    • MoF Strategy
    • The Minister
    • MoF Leadership
    • Organisation Chart
    • MoF Youth Council
    • Sustainable Development Goals
    • Social Responsibility
    • MoF Achievements
    • Awards
    • Our partners
    • Initiatives
  • Footer Pages

    The Ministry

    • About the ministry
    • The minister
    • The UAE Government charter
    • Awards
    • Careers

    Using the website

    • Sitemap
    • Copyright
    • Disclaimer
    • Terms and conditions
    • Accessibility
    • Privacy policy

    Information and support

    • Media centre
    • Contact us
    • FAQs
    • Feedback and complaints

    Quick links

    • Glossary and abbreviations
    • Press contact and media kit
    • Digital accessibility policy
    • Digital participation policy
  • Login
  • Accessibility
  • Switch Language
English عربي

Other languages

The list of "Other" languages” listed above use Google Translate to create an automated translation of content for the purpose of display. Accuracy of automated content translation is not guaranteed.

—

—

Home About Us MOF Initiatives Saving Awareness Initiative

Saving Awareness Initiative

Successful Saving Today to Reach Your Financial Goals Tomorrow
A Ministry of Finance initiative in alignment with the United Nations Sustainable Development Goals
FDMO Logo
Planning and Achieving Your Financial Goals

Money may not solve every problem, but it can help you achieve life-changing goals. Take time to write down your future plans and make them attainable by putting deadlines to each.
Organise your financial goals into manageable phases:

Short-term goals

(Ex. Settling your smallest debts or having enough in your account for your holiday)

Mid-term goals

(Ex. A more reliable car, a deposit on your first house, or capital to launch your own business)

Long-term goals

(Ex. Being totally debt free, covering your children’s university fees, or ensuring a comfortable retirement)

The 50/30/20 Formula

This simple formula is a popular way to divide your monthly income (money you have available to spend) into three main categories. You can adjust the ratio to suit your needs and your goals.

50% Needs
Basic living essentials, such as rent, groceries and utilities. Minimum debt payments (Ex. your credit card or car finance) also fall into this category.
30% Wants
A new smartphone or a dinner out… you deserve to enjoy life’s little extras as long as you can afford them.
20% Saving
Allocations every month for extra debt reduction, money towards your emergency fund, or contributions to an investment fund account.
Basic Budgeting - Be the Boss of Your Money!

So, you’re excited about the prospect of saving… but where will the money come from? Establishing and sticking to a budget is the smartest way to start saving.

First, create a monthly plan.
A basic budget includes categories that list the following:
  • Payments you must make during the month (needs)
  • Money you hope to spend in the future (savings)
  • Payments you choose to make (wants)
  • You may add a category for the money you’d like to share (charitable giving)
Create your monthly budget
(429 KB, XLSX)

Start with your needs and savings, then allocate the remaining amount until it all balances. Here’s how:

Know your income

Note your monthly or weekly salary, and any income you receive from interest or property rental, extra work, and even cash gifts or things you’ve sold.

List all your expenses

Create categories for your expenses (ex. household bills, children, insurances). Some of these costs will be “fixed” (ex. your bond, car repayments, etc.) and others will be “variable” (ex. groceries and entertainment).

Save before you spend

Include amounts for your savings (ex. extra debt repayments, emergency fund savings or long-term investments) as a top priority.

Balance the books

If you have money left after deducting all your expenses from your income, decide where every extra dirham will go (boost your savings or treat yourself).

Ready for More Financial Tips?
Explore MoF’s digital magazine for more in-depth savings and budgeting advice.
Click here to read the magazine
FDMO Logo
Sharing Meaningful Financial Knowledge

The Ministry of Finance is proud to support the UN Sustainable Development Goals (SDGs), which aim to promote quality of life and happiness for all.

SDG
Good Health and Well-being
Promoting mental health and well-being by reducing financial stress
SDG
Quality Education
Supporting lifelong learning with meaningful financial information
SDG
Decent Work and Economic Growth
Spreading awareness about financial services and resource efficiency

    Give us your feedback
    Did you find this content useful?

    You can help us improve by providing your feedback about your experience.

    Yes
    No
    Thank you for your feedback.

    Have you recently used our services online or at our service centre?

    Give us your feedback
    Give us your feedback
      • About the ministry
      • The minister
      • The UAE Government charter
      • Awards
      • Careers
      • Sitemap
      • Copyright
      • Disclaimer
      • Privacy policy
      • Terms and conditions
      • Accessibility
      • Media centre
      • Contact us
      • FAQs
      • Feedback and complaints
      • Glossary and abbreviations
      • Digital accessibility policy
      • Digital participation policy
    • tawasul
      TAWASUL 171
    • 171
      Click to call 171
      04-7771777
      Contact via WhatsApp 047771777
    • Toll free: 800533336
      Click to call 800533336
    © 2025. Ministry of Finance. All rights reserved. Last updated on 17/10/2025 at 11:33
    Follow us on:
    • facebook
      Facebook
    • instagram
      Instagram
    • LinkedIn
      LinkedIn
    • twitter
      X
    • YouTube
      YouTube

    We use cookies

    We use cookies to improve your experience on our site. By using our website, you’re agreeing to the collection of data as described in our Privacy Policy.

    Allow Cookies
    MOF Support
    Chatbot Beta
    Live Chat