Money & Me: Dubai stylist is a spender, not a saver

Stylist and store manager Nerveen Al Jabban says she loves to spend her money on 'everything that catches my eye' because it makes her happy.

Nerveen El Jabban says she is drawn to beautiful things. Reem Mohammed / The National

Nerveen El Jabban is a personal stylist and store manager at Atelier Des Artistes in Boxpark Dubai. The 31-year-old from Lebanon, who has a degree in business management, moved to the UAE in 2012, where she says she has realised there are no limits to her ambition.

How did your upbringing shape your attitude towards money?

I have always appreciated what I have. When I was younger with less experience in life, I lacked lots of what is essential to me now. I always believed that money can be the only source of happiness; now that I’m an adult the way I look at money has shifted a lot. Indeed, it can be a source of happiness but it’s not the only source and we should appreciate what we have in life, such as family and good health – things that money just can’t buy. Once you fully appreciate life, wealth will come along the way.

How much did you get paid for your first job?

I was a salesperson in a fashion shop more than 10 years ago and took home US$400 a week. This was enough to pay my tuition fees, one of the things I am most proud of.

Are you a spender or saver?

I am 100 per cent a spender. I was never the kind of person who saves money. I love to spend on everything that catches my eye. I am drawn to beautiful things and find it so difficult to walk away once something has caught my attention, which happens a lot. I like purchasing things that make me feel good and bring moments of happiness – you could certainly say I am someone who seeks out retail therapy.

What is your most cherished purchase?

Everything purchased is cherished to me, I don’t have a specific “thing”. Whenever I purchase something I feel happy. I always expected to be a smarter shopper than other consumers because I am in the fashion field and won’t be affected by marketing schemes – apparently not. For me the need for something doubles the minute I see something nice.

Have you ever had a month where you feared you could not pay the bills?

Definitely, yet I have always found a way out.

Where do you save?

I save in banks, which then accrues interest that I invest into my education. For me, investments such as in my education and experience, are important to secure my future.

Do you prefer paying by credit card or in cash?

I learnt the hard way that cash is the best way to spend money. Cards were a huge disaster for me once, and since I have confessed to having a problem with spending, using cards can be a horrible decision.

What do you most regret spending money on?

Spending is a self-made decision. For me it does not induce feelings of regret as such, instead I like to call it a lesson learnt.

What financial advice would you offer your younger self?

Save and spend money on what you need, not on everything you want. Life is not easy and getting through its daily obstacles is an achievement.

Do you have a plan for the future?

My ultimate plan is to become a fashion designer and travel the world, to inspire and be inspired in my passion, explore new cultures, religions and communities.

If you won Dh1 million, what would you do with it?

From past experience I have learnt to have a dream list; this list should include all what I have ever wished for – whether it is realistic or not. Owning my own boutique was always an ultimate dream, and helping people who are less fortunate can complete what I call happiness and self-satisfaction.

What would you raid your savings account for?

Anything that catches my eye – fashion and beautiful things. And of course anything that enhances my learning.

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