How to easily save money in Singapore
Daily habits to help you save money in Singapore
1. Cook your own meals
A survey conducted by HPB (Health Promotion Board) revealed that over 60% of Singaporeans eat out approximately 4 times every week because their busy work schedules. However, preparing and eating your own food is not only healthy but cheaper compared to eating out. It will also keep the doctor away thus increasing your savings. So instead of eating out during lunch time at work, just cook and pack your lunch.
2. Spend on a budget
When you go shopping, especially for groceries, it’s always tempting to buy anything and everything when you have enough money for spending. How about creating a list of the items you only need (like for the whole week) and stick to it, before going to the shopping mall? Again Start buying in bulk because it’s cheaper. This focused kind of shopping will help you reduce wastage especially on food.
3. Take MRT/bus not taxi
Public means of transport has and will always be cheaper than private means. So, instead of reaching out for Grab driver, which is a click away through your smart phone, always travel using public means, unless it’s an emergency. This will save you a lot of unnecessary transport cost.
4. Work-out from home
Did you know that everything you do in the gym or yoga studio can be done at home? With today’s digital evolution, there’s plenty of DIY tutorials online (e.g. YouTube) to make use of. Better yet you can invest in a simple home gym and cancel that monthly gym membership fee.
5. Quit impulse buying
Impulse buying can easily drain your finances; the best way to cub this habit is to learn to use a credit card or carry just enough money intended for the exact items you’re going to buy.Some more tips will also include carrying drinking water on a bottle to work instead of buying, learning to say “No to money-related peer pressure”, minimizing on coffee dates and maximizing on “happy hour” when socializing with friends or colleagues.
Stop wasting your hard earned money because every dollar you spend unnecessarily today is exactly what you need to create that financial future you’re dreaming of. So make the adjustments and start saving today.
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