Balance Health & Wealth

The pursuit of a balanced life is more than a goal – it’s a journey towards achieving both health and wealth. This can often seem like a challenging path to navigate in a vibrant landscape like the UAE. Recognising this, we are dedicated to supporting you in striking the right balance between financial success & personal wellbeing.

Our exceptional debt counselling team personifies our commitment to your holistic prosperity. This dedicated group of professionals understand the deep connection between your financial health and overall wellbeing. Financial stress can have detrimental effects on your physical & mental health, manifesting in various ways that can detract from your quality of life.

We understand that the journey towards achieving a harmonious balance between health and wealth is deeply personal and often complex. It requires not just financial acumen but also emotional intelligence and a supportive community.

This is where our debt counselling team comes in. By offering personalised financial advice and practical debt management solutions, we aim to lighten the financial stress that can impact your wellbeing. Our approach goes beyond mere transactional advice; we delve into understanding your unique circumstances and challenges. With a compassionate and holistic approach, our team is equipped to guide you through restructuring your finances, empowering you with the tools and knowledge to make informed decisions that foster your financial and personal health.

Don't hesitate to get in touch with us at 600 576 361 from Mondays to Thursdays, 8:30 AM to 5:00 PM, and Fridays, 9:00 AM to 3:00 PM. Alternatively, you can also write to us at moneyassist@rakbank.ae, and you will have our team address your financial concerns with empathy and expertise, paving the way for a healthier, more prosperous life for you.

Keep track of your finances

In today's fast-paced world, maintaining a balance between financial health and overall wellbeing is more crucial than ever. Managing finances effectively is pivotal in your journey towards a balanced and prosperous life. It's not just about wealth accumulation; it's about creating a sustainable lifestyle that fosters both physical health and financial stability.

To support you on this journey, we offer a suite of tools and services designed to streamline financial management. Our innovative banking solutions are tailored to help you keep a close eye on your finances, enabling you to make well-informed banking decisions that positively impact your wealth and health.

Keep track of all your spending

Mindful spending is about making choices that align with your long-term goals and values. It involves recognising the difference between needs and wants, investing in your health, and planning for the future. By keeping track of your spending through your digital app, you gain the clarity needed to prioritise expenses that enhance your life, such as nutritious food, regular exercise, and adequate healthcare, without compromising your financial goals.

Make a plan and stick to it

A financial plan is crucial for managing finances effectively. It helps determine investment needs and allocate resources accordingly. Managing your finances can be daunting, but creating a financial plan can help keep you on track and provide a roadmap for achieving your goals. Start by considering your current financial commitments and earnings, then develop strategies to help you achieve your objectives.

For example, if your goal is to retire in the next 20 years, a plan can help you determine how much you need to invest, such as in mutual funds, and how much you should allocate to them.

Without a plan, you may invest in products that don't adequately cover risks or offer suboptimal returns. By assessing your earnings, expenses, savings, and liabilities, you can calculate your net worth as your savings minus your debt.

Managing stress: Finding your right balance between health and wealth

Health is the greatest wealth, and investing in it brings invaluable returns. Managing stress becomes crucial in balancing the scales of health and wealth. Acknowledging the intertwined nature of financial wellbeing and mental health, we are committed to supporting you in navigating these dual aspects of life with ease and confidence.

Financial concerns always stem from stress—whether it's managing debt, planning for the future, or navigating the cost of living. These financial pressures affect your mental and physical wellbeing. Our online tools and mobile app are designed to give you a seamless, hassle-free banking experience, allowing you to manage your finances easily and efficiently.

Some more strategies for stress-free financial management:

• Set clear financial goals and create a roadmap to achieve them. With this, you have peace of mind knowing you're on a path to financial security.
• Consider allocating resources and time to activities such as fitness memberships, regular health check-ups, wellness retreats, or even a passion that brings joy. Investing in your well–being can yield long–term benefits, including reduced healthcare costs.
• A wealth of resources are available online to empower you with knowledge to understand financial products and personal finance tips to interpret the financial world, reducing stress and boosting confidence for your financial decision-making.
• Consider speaking to a family or friend or an external counsellor/ coach who will support you during taxing moments to overcome financial anxiety.

Together, let's embrace a holistic approach to well–being in which your financial and physical health are in perfect harmony.