ABU DHABI // As many prepare for shorter working hours, big feasts and religious devotion this Ramadan, the Red Crescent prepares for its busiest time of the year.
Now called Emirates Red Crescent, the charitable organisation works throughout the year supporting orphans, providing medical and financial aid and helping prisoners. But its work doubles during the holy month.
Already, tents have been erected near Red Crescent branches across the country for iftar meals.
Fasting officials will be available to help provide food and other services just before sunset, ensuring everyone has food to break their fast at Maghrib prayer.
Meals are provided to anyone needy or registered at any Red Crescent branch.
"The Red Crescent authority has set Dh15 million for Ramadan programmes inside the country this year," said Rashid Mubarak Al Mansouri, the deputy secretary general of local aid.
Of that amount, Dh6m will be spent on iftar.
"Thousands are expected to benefit from this across the country through Red Crescent branches," he said.
Dh5m is designated for nutritious boxed meals that will be handed out.
In previous years, more than 30,000 meals per day were distributed, and that rate is expected to be sustained this year.
The remaining Dh4m will go towards the Zakat Fitr programme, which benefits thousands of families including widows, orphans and other "weak segments of society".
The Red Crescent will work on getting members of society involved in humanitarian work, "to plant the culture of giving, financial and sentimental".
For Eid, the authority will give out toys, new clothes and meat.
Beyond the UAE, more than Dh21.6m in aid has been dedicated to Ramadan projects in 53 countries.
Countries suffering from natural disasters and political instability have commonly been offered aid by the authority. Other countries with Red Crescent branches are also working to provide for the needy.
Dh1.2m has been set aside for Syrian refugees in Jordanian and Lebanese camps, said Naima Al Maherei, deputy secretary general for relief at the authority.
To prevent misappropriation, the authority has begun to give out food boxes to families directly.
For Palestinians at the camps in Jordan, Yemen, and Lebanon, Dh1.5m in aid will be distributed.
Following Yemen's food crisis, Dh2m was sent to help families there.
Last year the authority managed to reach 1.5m people to provide them with iftar meals abroad, 241,000 benefited from Zakat Fitr, and 65,000 received Eid clothes.
The authority also built 740 mosques, 2,042 water wells, 16 schools and 40 medical clinics throughout the year.
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Teaching your child to save
Pre-school (three - five years)
You can’t yet talk about investing or borrowing, but introduce a “classic” money bank and start putting gifts and allowances away. When the child wants a specific toy, have them save for it and help them track their progress.
Early childhood (six - eight years)
Replace the money bank with three jars labelled ‘saving’, ‘spending’ and ‘sharing’. Have the child divide their allowance into the three jars each week and explain their choices in splitting their pocket money. A guide could be 25 per cent saving, 50 per cent spending, 25 per cent for charity and gift-giving.
Middle childhood (nine - 11 years)
Open a bank savings account and help your child establish a budget and set a savings goal. Introduce the notion of ‘paying yourself first’ by putting away savings as soon as your allowance is paid.
Young teens (12 - 14 years)
Change your child’s allowance from weekly to monthly and help them pinpoint long-range goals such as a trip, so they can start longer-term saving and find new ways to increase their saving.
Teenage (15 - 18 years)
Discuss mutual expectations about university costs and identify what they can help fund and set goals. Don’t pay for everything, so they can experience the pride of contributing.
Young adulthood (19 - 22 years)
Discuss post-graduation plans and future life goals, quantify expenses such as first apartment, work wardrobe, holidays and help them continue to save towards these goals.
* JP Morgan Private Bank
Top financial tips for graduates
Araminta Robertson, of the Financially Mint blog, shares her financial advice for university leavers:
1. Build digital or technical skills: After graduation, people can find it extremely hard to find jobs. From programming to digital marketing, your early twenties are for building skills. Future employers will want people with tech skills.
2. Side hustle: At 16, I lived in a village and started teaching online, as well as doing work as a virtual assistant and marketer. There are six skills you can use online: translation; teaching; programming; digital marketing; design and writing. If you master two, you’ll always be able to make money.
3. Networking: Knowing how to make connections is extremely useful. Use LinkedIn to find people who have the job you want, connect and ask to meet for coffee. Ask how they did it and if they know anyone who can help you. I secured quite a few clients this way.
4. Pay yourself first: The minute you receive any income, put about 15 per cent aside into a savings account you won’t touch, to go towards your emergency fund or to start investing. I do 20 per cent. It helped me start saving immediately.
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