Is Regifting Okay?

The practice of gift recycling or re-purposing gifts is often considered as taboo. While we all have given gifts to our loved ones and friends in several occasions, finding the right gift is extremely hard. There are many factors such as the time spent on travel, queues in the malls, and overwhelming options. It comes as no surprise that Singaporeans will opt for alternatives to the gift giving process such as giving personalized items.

It is probably safe to assume that we all, at some point, have regifted something. I will not blame you if you deny it. It is typical to feel a sense of guilt when passing along an item that was picked out just for you. A gift is something special and you do not want the giver to feel that his or her efforts were put to waste.

However, regifting is acceptable. The rising popularity of sustainable goods has welcomed the process of regifting. Why toss something that may be cherished by someone else? It is alright to regift as long as you follow certain guidelines.

#1: AVOID RECYCLING GIFTS WITHIN THE SAME CIRCLE

As obvious as this may sound, you must not regift to someone who interacts with the original giver. You will be caught in an uncomfortable situation if you give your co-worker’s present to your boss. Keep in mind that some of your social circles may overlap.

#2: REGIFT ITEMS IN PERFECT CONDITION

When re-purposing a gift, ensure that the item is brand new or still in its original packaging. Inspect the gift to look for signs of wear and tear. Moreover, the present must not be personalized for you. Watch out for engraved monograms or hidden letters inside the box.

#3: DO NOT REGIFT FAMILY GIFTS

Do not give family heirlooms away. Your mother may have given your grandmother’s ring as a Christmas present. The design may not be your cup of tea, but you have a friend who loves vintage items. As much as she would love the ring, please do not regift the ring. Hit up a thrift store or a flea market instead. Your grandmother’s ring belongs in a jewelry box to be passed down to your future daughter.

#4: BEAUTIFY THE PRESENTATION

Elevate the presentation by rewrapping the gift. If the cardboard box or the original packaging is crumpled, purchase a fresh box. Then, pick out a beautiful wrapper that the recipient will like. Add ribbons and bows too!

#5: PUT THE RECIPIENT IN MIND

When regifting an item, you must think about what the recipient will want to receive. Regift an item that you would have purchased for the individual had you gone to the store. Who would be excited to own the item?

SUMMARY

There are certain situations when regifting a present is acceptable. You can only regift an item that has never been been opened before, that does not belong to the same social circle, and that has the recipient in mind. You can also regift something generic such as a box of Valentine’s Day chocolates. In the event that you get caught regifting, opt for honesty. Be upfront about it, especially to the people close to you.

Image Credits: unsplash.com

Sources: 1 & 2

 

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Financial Responsibilities Of Newly Married Couples

Managing your finances together is one of the most important roles you partake on in a marriage.

Differing views and attitudes towards money can pose issues to a relationship. For instance, you may seem frugal to others and stingy to her. If you both live beyond your means and spend lavishly on each other, you might find yourselves trapped in debt. There is time to change. Planning ahead as a team can help you build a strong foundation for your marriage.

1. GETTING TO KNOW EACH OTHER

Get to know each other’s financial beliefs and spending habits. Understand where your partner is coming from and adapt if necessary. If your partner is a spender, agree on establishing some limits. If your partner is prudent, agree on the things you would like to prioritize. Make your expectations clear to arrive on the same page.

“The handling of finances is one of the major emotional battlegrounds of any marriage. Lack of finances is seldom the issue. The root of the problem seems to be an unrealistic and immature view of money.” – David Augsburger, The Meaning of Money in Marriage

2. DELEGATING FINANCIAL DUTIES

Assess the differences in your income and money management strengths to determine how to divide the financial duties. Delegate the person who is financially savvier to take the role of managing your family’s investment options. While, the person who is better at budgeting can take charge of managing the household bills. Take advantage of each other’s strengths and fill the gaps in between.

3. PROVIDING SOLELY FOR YOUR FAMILY

For families with a sole breadwinner, it is practical to maintain an adequate emergency fund to withstand unexpected financial woes. Please consider the number of dependents when finalizing the amount of money to be set aside.

Single income couples should consider helping each other in terms of their CPF responsibilities. You can top up your spouse’s CPF account, especially if he or she has low CPF balances. You can transfer your CPF Ordinary Account savings after setting aside the Basic Retirement Sum in your own CPF account.

4. SHARING BANK ACCOUNTS

There is no one size fits all! Your household arrangement depends on your marital assets, income levels, and financial commitments. Think about which expenses you want to keep separate and which you want to share. You open a joint account for their household bills. Set aside a specific amount monthly to grow your joint account together. Meanwhile, you can keep your own individual accounts to fund your own spending.

5. AVOIDING FINANCIAL INFIDELITY

Financial infidelity refers to hiding financial information behind your partner’s back. Failing to mention a significant expenditure to your spouse may cause problems in the long run. Top money lies include under-declaring one’s income or hiding one’s debts. Such dishonesty can diminish the level of trust between a couple.

6. WORKING ON SAME FINANCIAL GOALS

Find a way to work on shared financial goals. Agree on the amount of personal contributions depending on your income.  Some of the common themes that most financial goals share are having a budget, living frugally, getting out of debt, and having a good credit score. Do not forget to save for your emergency fund and retirement plans.

Image credits: pixabay.com

You are in this (wild ride) together!

Sources: 1 & 2

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Stuck At Home Valentine’s Day Ideas

Romance does not have to fade just because you are at home. Considering the impact of the pandemic and the need to practice social distancing, you have probably struggled to keep your indoor dates exciting. Fret not! There are a myriad of creative date activities that you can enjoy right in the comfort of your own home.

Spend Valentine’s Day with your special someone with these fun ideas.

#1: DO YOGA TOGETHER

Stretch the night away by practicing couples yoga with your partner. Now is the time find your inner Zen. Poses suitable for couples are more intimate and challenging. It is a shared experience focused more on the connection with one another, rather than just yourself.

#2: MAKE DELICIOUS PIZZA

Add spice to your Netflix and chill by making your own pizza. Try different recipes such as baguette pizza and Marinara pizza.

#3: TEST YOUR SINGING ABILITIES

Do you have a favorite love song? Challenge your partner to a melodious night of karaoke. Sing your hearts out by searching karaoke videos on YouTube. Singing some of your favorite tunes is guaranteed to boost your spirit.

#4: TRY A VIRTUAL MUSEUM TOUR

Whether you are a fan of Vincent van Gogh or cultural art, you can find a virtual museum tour for both of your interests. I recommend watching the National Museum of Singapore’s Zoom Into History Video series. It is an insightful look at the artifacts and everyday objects that have defined our nation’s past. You can also watch the virtual tours streamed on the National Gallery of Singapore’s Facebook Live.

#5: CREATE FUN COCKTAILS

Show off your bartending skills in the comfort of your own space by making a cocktail together with your loved one. Make the Love Potion #9. It is made with gin, lemon juice, simple syrup, and pomegranate juice. Enjoy!

#6: START A BOOK CLUB

Encourage your friends to join your book club. Bring your partner along too. Choose a book to read together with the group and then pick an evening to discuss it over wine and cheese on Zoom or Skype.

#7: HAVE A PHOTOSHOOT

Spare a few hours for an at-home photoshoot. Ensure that your pictures have backdrops and decorations that fit your theme. You can have these photos printed and gathered into an album.

#8: SET THEMATIC NIGHTS

Whether you want to indulge on a game or movie night, you can set February 14 as your “best day ever”. You can forgo dinner by turning the lights out and preparing snacks that can boost your movie night experience. If you cannot agree on a movie you both want to watch, consider the first movie you ever watched together. Alternatively, you can play video games. Your partner can either be impressed by your mad skills on screen or will think it is adorable to see you consistently losing.

#9: INDULGE IN A SPA DATE

Drop in your nearest Lush outlet or create your own DIY bath bombs to enjoy a spa date. Have a bath together with bath salts and bath bombs. Afterwards, you can give each other massages with aromatherapy oils. Lastly, you can give your partner a manicure or a pedicure. Complete the experience with matching robes!

Image credits: pixabay.com

Sources: 1 & 2

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Financial Missteps Many Experienced Due To COVID-19

The global pandemic has caused recession in many parts of the world. Unfortunately, many Singaporeans found themselves in uncomfortable financial situations. We are slowly recovering with a hopeful heart this 2021. Despite the optimism, it does not erase the effects of the past year.

The economic turmoil exposed most of our financial mistakes and vulnerabilities. Here are just some of the missteps that many of us faced in the past several months.

#1: DIFFICULTY IN BUILDING AN EMERGENCY FUND

Say you did not build an emergency fund before the crisis hit. While we could not have predicted a pandemic, it is always crucial to have an emergency savings to cushion large expenses. A good rule of thumb is to keep up to six months of living expenses in an easy-to-access account. Start now!

#2: INABILITY TO SAVE MORE MONEY

Apart from having an emergency fund, one of the lessons that we learned during the pandemic is the importance of savings. Putting this knowledge into practice is harder than it seems. In a local survey, 55% of the respondents said they reduced their savings over the past months. This may be due to job loss, reduction in income, and other financial struggles due to the situation. Creating opportunities for other streams of income can help widen the savings.

#3: PUTTING A PAUSE ON THE RETIREMENT PLAN

Retirement may not be the first thing most people think about when they are still young, but it is a part of our financial plan that we cannot afford to ignore. Like it or not, there will come a time when you are no longer able to work. Your retirement plan must not stop due to a recession.

However, many Singaporeans found it hard to continue investing for their future due to the current climate. In fact, 27% of those with financial plans said they have stopped setting aside or even reduced their funds for retirement.

#4: MAKING EMOTIONAL FINANCIAL DECISIONS

Volatility has abounded lately. When you see your balance go down, do not allow yourself to make an emotionally driven decision. View it pragmatically as you are in it for the long haul. Remember how and why you originally structured the portfolio. If your circumstance have changed or your allocation no longer aligns with your goals, you should consider making risk changes.

Image credits: pixabay.com

It is crucial to stay engaged in the financial world. Take this uncertain times positively by creating more awareness around your financial health and goals. Talk to a financial professional to help you implement these goals.

Sources: 1 & 2

 

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Inexpensive Ways To Improve Your Home Office

For most people, working from home is their fantasy come to life. However, it comes with its own challenges. Mentally transitioning from “personal mode” to “professional mode” can be difficult if you are physically on the same place and just steps away from your bed. How can someone be inspired to produce outputs on such cozy conditions?

While it is easy to wear sweatpants in the home office, you need to establish new routines to improve your productivity. Take time to thoughtfully choose the right setup. Improving your home office is a worthy investment of your time and money.

#1: INVEST ON A BACK PILLOW

If you do not have the budget to purchase an ergonomic chair, revamp a standard chair by adding a back pillow. You can buy an affordable curved foam cushion for your chair or roll up a towel to act as your back support. This will give you the comfort you need for countless hours of working.

#2: RAISE YOUR DEVICE

Notice how you are working. Usually, your monitor or laptop screen is too low. This is why many people hunch over or crack their necks in the working process. There are two simple solutions. Firstly, you may purchase a laptop stand or riser. The stand allows a few inches of height and tilt. Secondly, you can add a few books under the base of your monitor. Raise it to a comfortable height. You will know what is best!

#3: ORGANIZE YOUR CORDS

There is nothing more annoying than tangled cords. If you are working from home, you are more likely to rely on several devices to keep your efficiency up. Manage the excessive cords by using zip-ties or double-sided Velcro. You can add labels too.

#4: KEEP A CLOTH BESIDE YOU

Do not let pet hair or dust distract you. Keep an inexpensive microfiber cloth on your desk to wipe your screen or your table. You can use two cloth towels – one for wet substances and one for dry substances. Replace these towels every day. Alternatively, you may use a pack of disinfectant wipes to clean your surfaces.

#5: BOOST YOUR LIGHT

Lighting is the key. Having a good light can have a significant impact on one’s concentration and productivity. In fact, a study showed 16% increase in efficiency by using good office lighting. Boost your productivity by repurposing a vintage or antique table lamp.

#6: ADD SOME PLANTS

Image credits: pixabay.com

You must never underestimate the power of nature. Adding a few plants on your home office will not only make it aesthetically pleasing, but also make it a suitable place to work. Plants have positive effects on one’s body and mind. Improve your mood by adding indoor plants to your space. The snake plant is my personal favorite!

Sources: 1 & 2

 

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