Introduction.

Family overview.
Personal balance sheet.
Budgeted cash flow statement.
Monthly budget.
Saving product.

UAE nationals have a fine financial budget, there is

still a serious crisis in terms of financial
management.
Families are struggling to meet the required
expenditures and many debts.
Problems like failing to pay their dues on time and
suffering after retirements.
All these situations require an urgent need of
properly managed financial plan which takes into
account all the market scenarios.

A couple Ms Fatima Al Hammadi and Mr.

Mohammed Al Qubaisiis have two children.
Both the children are in school in grade-2.
The couple is excellent in terms of job prospects.
Aim of having enough financial resources for their
children.
The couple also aim to enhance their job prospects
by further using their own skills by studying for
masters in their respective field.

Personal Balance Sheet

(all numbers in AED)

To be continued

Liquid assets
Cash at home

15,000.00

Current/Savings Account balance

300,000.00

Fixed Deposit
Total Liquid Assets

67,000.00

382,000.00
To be continue

Physical Assets (market value used)

Cars

70,000.00

Furnitures and Appliances

50,000.00

Electronics

15,000.00

Jewellery

105,000.00

To be continue

Physical Assets (market value used)

Home
Total Physical Assets

900,000.00

1,140,000.00

Current liabilities
Utilities bills due

1200.00

Credit card payment due

1250.00

Car loan repayment due

1650.00

Home loan repayment due

7500.00

Total Current Liabilities

11,600.00

Long term Liablities

Credit Card Loan after current Payment 25000.00

Car loan after current payment

35,000.00

Home loan after current payment

700,000.00

Total Long Term Liabilities

760,000.00

Total Liabilities

771,000.00

Net Worth

907,000.00

Salaries
Interest earned on Savings Account

65,000.00
91.00

Investment Income

200.00

Earnings from Fixed Deposit

300.00
65,391

Fixed Expenses
Home Loan (Mortgage) repayment

2,000.00

Car Loan repayment

1,500.00

Gym membership

1,900.00

School fees of children

1,000.00

Home and insurance premium

200.00

Car insurance premium

1600.00
8200.00

Variable Expenses
Food

2500.00

Clothes Etc.

1600.00

Telephone

1700.00

Electricity and Water

1800.00

Personal and Household expenses

1650.00

Medical Expenses

1900.00

Jewellery Purchase

4000.00

Recreation/Entertainment

1500.00

Gifts

400.00

Total Variable Expenses

17,050.00

Total Cash Outflows

25,250.00

Cash Surplus

40,141.00

Items
Projected Income
Salaries

65,000.00 65,000.00

Investment Income

225.00

225.00

(25.00)

Interest from Savings account 100.00

100.00

(9.00)

Items
Projected Income
Interest from Fixed Deposit
Total Income

300.00

300.00

65,625.00 65,591.00

Projected Outflows
Fixed Expenses
Home Loan repayment

2000.00

Car Loan Repayment

1500.00 1500.00

School Fees (Daughter)

1900.00

Home and Conant Insurance

1000.00 1000.00

2000.00

1900.00

Car Insurance Premium

200.00 200.00

Maid Service

1600.00 1600.00

-Total Fixed Expenses

8200.00 8200.00

Variable Expenses
Clothes Etc.

1500.00 1600.00 (100)

Telephone

1500.00 1700.00 (200)

Food

2000.00 2500.00 (500)

Electricity and Water

1900.00 1800.00 (100)

Variable Expenses
Electricity and Water

1900.00 1800.00 (100)

Personal care & Household expenses

1700.00 1650.00 (50)

Medical Expenses
Recreation/Entertainment

2000.00 1900.00 (100)

1000.00 1500.00 (500)

Gifts
Jewellery Purchase

300.00

400.00

(100)

4000.00

(4000)

Total Variable Expenses

11,900.00 17,050.00

Total Outflow

20,100.00 25,250.00

Cash Surplus

45,525.00 40,341.00

Savings A/C: Emirates National Bank of Dubai

Features

Availability

Interest/Profit

Profit calculated on a monthly Basis

Cheque book facility

Not Provided

International ATM/debit card

Available

Standing Instruction

Available

Loan Against Savings

Available

Overdraft facility

Not Provided

Bill payment facilities

Available

Mobile Banking

Available

Minimum Balance Required for profit

5000

Minimum Balance Required

5000

Fee for Breach Of Monthly Average Balance

AED 25

Source

ENBD, Mizher Mall Branch, Dubai