Dirty Dinar

Kuwaiti Woman’s Journey into Managing her Finances

Salary Increases for Public and Private Sector Almost Finalized

February 03rd, 2008 | Category: article, private sector, public sector, salary

Since news broke out that the government was considering increasing salaries, the co-ops have raised the prices of goods. Buying the weekly groceries has been more expensive than ever before and some believe the government has no choice but to increase salaries.

The Kuwait Times reports:

Government officials recently disclosed that they had almost finalized the salary increases that would include all Kuwaiti employees in government and private sectors as well as all those who receive social aid and retired employees.

Looks like we’re going to be getting raises soon. This will probably be the last increase for a long time. Any guesses how much the increases will be for the varying sectors? Of course, my interests lie in knowing how much the private sector will be getting.

7 Comments so far

  1. Manal February 3rd, 2008 3:14 pm

    Salam sister

    big big issue this is
    especially with regard more raises we will get

    Thank you for the very nice blog

    am always reading it

    Regard

  2. Intlxpatr February 3rd, 2008 3:20 pm

    At one point in our lives, we hired a financial advisor, who said one of the tricks of accumulating a LOT was that with each raise and advancement, use half to make your life sweeter, and invest the other half, EVERY time. He says you will never miss the half you are investing, because you never had it before, and the half you are spending feels SO GOOD! It was good advice.

    You are making a lot of money. I would also be considering what I would be paying in rent, utilities, car payments and trying to bank that and invest that NOW for the future. Just be thinking about it. It’s nice to have money on hand when you need it down the road.

  3. Bader February 3rd, 2008 4:06 pm

    Really great Advice, Intlxpatr, I think its very important that you treat yourself from time to time.

  4. Hamitaf La Bookay February 3rd, 2008 10:14 pm

    I love your blog… lana today i was thinking that i seriously need to limit my spending… and in a mag i was reading it said.. skip the brand name coffee and drink coffee at home (or something of the sort).. avoid eating dinners out (very hard)..
    But i did start a savings account or emergency fund.. its a very small amount.. but I am proud of my improvement :) .. I guess I should set a goal for myself…
    sorry garagt wayid :)

  5. Amu February 4th, 2008 9:51 am

    nice one! I liked this post! so whats next? Do we protest for the increase in prices in the co -op?

  6. Intlxpatr February 7th, 2008 8:50 am

    @Bader - We never know our final minutes, do we? When we have been blessed with “enough,” we need to spend a little and enjoy life now, too, AND save to help us over the bumps that may come along tomorrow. I love this blog, Kuwaiti Woman, and I love your determination to use your monies wisely.

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