So Dubai is struggling to repay its debts - who didn't see that one coming? Gold plated this gold plated that – it is one thing to be flash but you need to be able to pay the money back at the end of the day. But let's face it Dubai are not the only ones who are finding things a bit tough at the moment. Many of us are in need of a little help and this is where we need to start becoming a little more prudent with our finances.

I used to work for a very professional group of cost reduction experts; they would help businesses as well as individuals to save money on their monthly bills – from cleaning to gardening they knew about cost cutting.

One of the easiest forms of cost reductions these days has to be via how much people pay for making a telephone call. These charges vary greatly between companies and it is very much worth the effort to shop around in the quest to find an organisation that will grant you cheap calls.

Next up is our electricity and gas bills. Once again with a little bit of effort by way of sourcing the best deals could help to save us one heck of a lot of money.

What about our savings? Are you on a competitive interest rate with your bank? There are a huge amount of people that are on rates as low as 0.1% and are not even aware of it.

Now I am not involved in any of these industries anymore and I am merely writing this article to make people think about ways in which they can improve their finances. I am now working in a career to do with training for foster carers.

As you have seen from the above paragraphs there are many ways of saving money for those of us who are willing to spend a little bit of time sourcing the best deals.