Do you feel like whatever you earn every month is slipping through your fingers? Many share the same feeling, most of us are lost when it comes to money management.

So that to control this issue, All you need is a little bit of time to read the simple, step-by-step method we’ve outlined for you to start managing your money to accomplish your financial objectives.

Plan your finance smartly

Financial goals reflect things you want to do with your money within a certain period of time. Setting these goals will help you understand the value of money and encourage prudent spending. Be sure to know how long you should plan for each goal.

Are they short, medium or long term goals? Which one of the following are your financial goals?

  • Buying a House
  • Buying a car
  • Traveling
  • Child’s education plan

Know where your money goes to

Start developing a spending plan so that it’s easier to achieve your goals. Remember that your aim is not to cut your budget but to note the direction of your you will know:

  • Where and how you spend your money?
  • How much you owe monthly?
  • How much is left at the end of the month?

Then, look through your list of expenses and determine if they are a necessity or luxury item.

Be Committed

Many times goals are not reached because the action was never taken. Having a plan, by itself, doesn't mean you will reach your goals. You must be committed to do the things listed in your plan.

Remember SMART Goals should be :

  • S- Specific
  • M-Measurable
  • A- Achievable
  • R- Realistic
  • T- Time

Tips You Should Know:


  1. Purpose of the loan
  2. Loan period suit you (short, medium, long).
  3. Source of repayment
  4. Method of payment
  5. Bank rate and fees/charges.
  6. Principle amount including bank interest
  7. Transparency and credibility when fill the application
  8. Red and understand terms and condition for product & services and get your copy either Arabic or English
  9. Be committed on payment to avoid delinquency.
  10. Get a credit advisory consultation if needed.