Money Saving Techniques

Genesisz

Genesisz

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archcherub said:
brother, i differ from this thinking. i actually think marriage is a great way to build a financial foundation.
it makes me think twice about spending frivolously. because now i am responsible to my spouse too.
it makes me think thrice abt my investment plans and speculations.... because i dont want my spouse to NAG & NAG at me... hahaha

honestly, dual income and u get to share the burdens of some major life expenses, like entertainment stuff, driving around, holidays.

And both of u can push each other for more financial discipline in life.


PS: i am not even stating the obvious benefits of happiness in a marriage.
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I agree and this is very true.

It also boils down to the commitments of both parties.
 
Genesisz

Genesisz

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thesavvysingaporean said:
Some ways are save money:

1. Open an OCBC 360 Account - Earn up to 3.05% interest rates per annum on your first $50,000. This at least ensures that you are maximising returns on your idle cash.

2. Use credit cards instead of cash to earn cash rebates or redeemable points - OCBC Frank Card offers decent returns of 6% cash rebates on online and NETS Flash Pay purchases. CheapoNana.Com provides credit card comparisons which helps you to decide which credit card is most suitable for your need.

3. Keep track of your expenses - you will be more mindful of what you spend on. The accountability helps to keep your inner shoppaholic demon at bay. Personally this worked well for me and helped me to cut back my monthly expenditure by 10% after a few months.

4. Transfer a fixed monthly amount that you would like to save into another bank account that you hardly access. Some people call this "paying yourself first". Works for a lot of people - but doesn't quite work for me!

5. Dining out? Avoid buying beverages at restaurants. It is usually pricey and might cost about 15 - 20% of your total bill at casual restaurants.

6. Buy insurance online when the NATAS fair is on. This means me discounts offered by travel insurance companies online!

7. Insist on paying the bill using your credit card at restaurants. You get to keep the rebates/rewards and your friends will still return you money for their share of the meal.

Other ways I earn some side income:
1. Focus groups
2. Complete minor and simple tasks for some extra income!
3. Freelancing
4. Online survey
5. Affiliate income
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There are many valid pointers on the above.

Thanks for sharing.
 
E

edwinttt1978

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archcherub said:
brother, i differ from this thinking. i actually think marriage is a great way to build a financial foundation.
it makes me think twice about spending frivolously. because now i am responsible to my spouse too.
it makes me think thrice abt my investment plans and speculations.... because i dont want my spouse to NAG & NAG at me... hahaha

honestly, dual income and u get to share the burdens of some major life expenses, like entertainment stuff, driving around, holidays.

And both of u can push each other for more financial discipline in life.


PS: i am not even stating the obvious benefits of happiness in a marriage.
Click to expand...
Marriages suck away your wealth. Housewife sucks your health like no tomorrow. If there are babies, they too suckle hard.
All these suckings make spending difficult, forcing cutting down on normal single's expenditure, causing financial burden.

Marriages are great ways to personal financial collapse. And i am not even stating the downfalls of failed marriages: divorces.
 
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leonaheidern

leonaheidern

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Marriages means waste of money.

have a kid, waste on delivery fee, gynecologist fee,kid sickness fees, schools fees university fees.

Return on investment wise, how sure are you that you can get a return on your investment into the spouse and kid or if the kid grow up is able to support you.

However if you invest on your elderly parents there is a higher percentage due to them being pioneer generation that you will have something after the funeral procedures are done.

Single and female Singaporean above age of 30 here. Just being ultra practical.

If you don't anyhow spend and invest properly and save and don't make "friends" that make you spend just so you want to feel part of the group you can still be single and have lost of money left by the time you kick the bucket.
 
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SarangChan

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leonaheidern said:
Marriages means waste of money.

have a kid, waste on delivery fee, gynecologist fee,kid sickness fees, schools fees university fees.

Return on investment wise, how sure are you that you can get a return on your investment into the spouse and kid or if the kid grow up is able to support you.

However if you invest on your elderly parents there is a higher percentage due to them being pioneer generation that you will have something after the funeral procedures are done.

Single and female Singaporean above age of 30 here. Just being ultra practical.

If you don't anyhow spend and invest properly and save and don't make "friends" that make you spend just so you want to feel part of the group you can still be single and have lost of money left by the time you kick the bucket.
Click to expand...

well there are intangible benefits too. things money cannot buy like seeing your kid grow up. cannot live life everything think abt money.
 
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Salapi

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SarangChan said:
well there are intangible benefits too. things money cannot buy like seeing your kid grow up. cannot live life everything think abt money.
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goes to prove he's not earning enough just to provide basic necessity for a normal family.

he is thinking correctly, he should not marry, make love ones suffer only.
 
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