Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [pakistan]

21 questions
6
votes
6 answers

How do I choose between buying a car or buying a plot of land in Pakistan?

I live in Pakistan, have worked hard to save for a car but I have realized I have bigger financial troubles to deal with than just buying a car. I live in my parent’s house and I need to buy my own house ASAP in like 3-4 years. I can live without a…
user4884
5
votes
6 answers

Is it better to use cash when cards offer discounts

I am new to budgeting and managing my own finances and have a simple question. Is it better to use cash when credit or debit cards offers discounts. The city I live in, some shops and services offer discounts when using a credit card or debit card…
Shaheer
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3
votes
2 answers

What options do I have to transfer money to UK

Some Background I have been working full time in UK for last 5 years and had been sending my savings through different means e.g. western union, taking with me while flying(undeclared as they were under 10,000 euros ALWAYS) to Pakistan to my…
user2262511
  • 49
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2
votes
2 answers

Should we keep our savings in several different accounts?

I read a story about a bank's closure and its assets being seized, depositors losing their money. I want to ask if one should be keeping his money divided into several different banks instead of one in order to avoid losing the money in a case of…
user4884
2
votes
1 answer

Can US based client of my brother transfer me his pay and I pay my brother the equivalent in cash?

My brother works in field of Digital Marketing at Pakistan. His clients are mostly in United States. His clients normally pay him via wire transfer which works fine but some money gets deducted from him in the process. I live in United States and…
Uthman
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2
votes
2 answers

Retirement savings vs building lucrative assets

I am 27. I wanted to start a retirement savings account but my father explained that there would be much more profit if instead of a retirement account, I focus on making investments and building assets. Can lucrative assets be a alternate for…
user4884
2
votes
1 answer

Personal finance in EFU and NAFA

I have invested in management growth fund from EFU and National bank NAFA. I want to know why my investment has shown a loss during the last 4 to 5 months. I experienced monthly loss of 140,000.00. Should I liquidate my investment or wait in hope…
nadeem badar
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2
votes
3 answers

Using property to achieve financial independence

I am working towards financial independence. The most impressive rate of returns in Pakistan have been in buying property; It provides a greater return than inflation. The property could be rented for extra income. I need $250/month every month…
user4884
2
votes
2 answers

What is the best place to put one's emergency funds?

I have been able to save 3 months expenses. I want to save it separately so I don't mix it or use it by mistake while using my debit card. My bank doesn't allow a separate emergency fund account. What is the best way to save it?
user4884
2
votes
2 answers

Sell your home and invest in growth stock mutual fund

I purchased a home and I made an agreement with a guy who is living in that home and paying me monthly rent. Since I live with my brother I don't have to live in my purchased home. The rent I'm getting is only 10% of total cost of home while stock…
SheikhNaveed
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1
vote
2 answers

Should retirement fund be equal to amount of money needed for financial independence?

Retirement funds aren't very common in Pakistan but I got interested in them reading question and answers on this forum. I want to know ideally how much should a person save for retirement funds? I am getting a feeling retirement funds is equal to…
user4884
1
vote
3 answers

Can we open a bank account in GBP in Pakistan?

Can we open a bank account in GBP in Pakistan, I am thinking about taking 14K in GBP with me to Pakistan while flying there. I would like to buy a house for one of my relatives but if my plan changed I would like to keep my money there instead of…
user2262511
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1
vote
3 answers

How can I decide whether do a masters even if I have go into debt after doing it?

I have an undergrad from a reputable university. I am doing well. My friends from University are pursuing more education from other countries. I have two options, Quit my day job and start doing a masters from Germany and go into debt doing…
user4884
1
vote
1 answer

Can an individual invest in stocks outside his country?

Can I can invest in New York Stock Exchange from Pakistan? What are the pros and cons?
user4884
1
vote
1 answer

Should I spend all my income (excluding expenses) to buy a flat?

I need a flat for myself in 4-5 years. I live with my parents with whom I can live for the next 4-5 years. I have 3 months emergency fund saved. I am looking forward to buy a flat. I am confused in a few things, Should I buy a house for just myself…
user4884
1
2