5 Dollar-Pinching Strategies For Halloween

The spooktacular time of the year will grace our calendars once again. Halloween festivities is just around the corner. Are you ready? Many Singaporeans love this event and hate the price tags attached with it.

Let us be honest! It is easy to mindlessly toss some items into your cart until you reach the cashier. As you dig in your wallet for payment, you may regret some of your hefty purchases. Certainly…there is a better way to celebrate this eerie event!

1. DECORATE IT YOURSELF

What makes Halloween unique is its spooky aesthetics. For a flat or an establishment, you can expect to spend around S$100 to transform the it into a stellar space. This price includes fake spiderwebs, vibrant inflatables, dangling decorations, and other appropriate ornaments. Lower your expenses by purchasing decors at the dollar store or by making your own decors.

Drop by the nearest dollar or discount store to collect basic decorations and supplies. You may unleash your craft bug by revamping small ornaments into massive centerpieces or wall decor. For instance, you can create a lasting impression by pasting “monsters” on your door. Use thick and colorful papers to cut the face, nose, eyes, and mouth. Let your children help you when it comes to creating the silly-looking monsters!

2. SAVE ON COSTUMES

There are two primary ways to spend less on a Halloween costume. You can either raid other people’s wardrobes or use the items that you already have. The former tip highlights the common dilemma of parents – underused costumes. So, ask your friends and family members if they are willing to lend their previous costumes for free. Just ensure that you or your child will keep it in good condition throughout the day.

The latter tip focuses on your artistic prowess. Take a look at your children’s closets as well as your own. Key items such as hats, belts, scarves, and over-sized shirts may be used as funky costumes. Use this list to get an idea.

3. CHOOSE AN ALTERNATIVE

No Halloween celebration is complete without giving out tricks and treats. In the market, there is a wide variety of candies and chocolates that you an choose from. You must not pick out the biggest bag of assortments that you can buy! It is wiser to shop around. It is usually cheaper to go for fruity and hard candies than chocolates.

Image Credits: pixabay.com

Image Credits: pixabay.com

Furthermore, buying sweets in bulk is cheaper at Value Dollar or Daiso. Walk the ailes of these discounted shops with a set budget in mind. Know how much you are willing to spend and stick firmly by it. Other alternatives for sweets include stickers and glow-in-the-dark bracelets.

4. SCORE FREE ACTIVITIES

If your budget is too tight for hosting spooky parties and you want to immerse yourself with the festive spirit, search for no-cost activities within your community. You will not believe how many there are out there! Said parties are generally organized by community centers, schools, museums, and parks.

Start by finding events on the local newspaper or the Facebook pages. I found one by visiting the Asian Civilisations Museum’s page directly. On October 28, ACM shall host a “Horror Mash Up”. This is an annual event which includes activities and performances inspired by their galleries. Activities will run from 7:00 pm to 11:00 pm while the museum operates until 12:00 midnight.

5. TEACH VALUABLE SKILLS

It is impossible that your kid will like everything inside his or her loot bag. There is bound to be some organic popcorn or sour gummy bears that your child may not be interested in. This is a good opportunity to learn the value of negotiation.

After they have accomplished the trick-or-treating, encourage your children to trade with each other (or with their friends). Swapping their sweets can help determine how much they value a particular candy or chocolate. Is a Snickers Candy Bar worth three fruity lollipops? See for yourself!

Sources: 1, 2, 3, & 4

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Newbie’s Guide To Bitcoin Investing

ACT LIKE CASH, MINED LIKE GOLD

Cryptocurrency continues to gain popularity among investors and venture capital firms. Several of these individuals are betting that Bitcoin is here to stay! Before taking a stand, let us have a quick look at the basics of Bitcoin.

Bitcoin is a decentralized payment system developed by Satoshi Nakamoto (a Japanese pseudonym). This innovative digital currency was publicly released in 2009. We came a long way since then! A myriad of improvements or updates have been made by a network of developers.

Image Credits: pixabay.com

Image Credits: pixabay.com

In simple terms, bitcoins act like cash and are mined like gold. How so?

Global retailers may allow you to purchase goods and services through this “intangible” currency. However, its acquisition poses challenges. Solving extensive mathematical equations are needed to discover new bitcoins. You will have to unlock each block and be rewarded afterwards.

It is fascinating that the developer has set a finite number of bitcoins to be mined – 21 million to be exact. The uncovered bitcoins skyrocketed in the recent years. At this rate, the final bitcoin is projected to be discovered by the year 2140.

THE ART OF ACQUISITION

Develop a strategy to obtain bitcoins by weighing the advantages and disadvantages of these primary options. You can either outright buy, mine for, or receive it.

The easiest way for beginners to acquire bitcoins is to purchase from specialized companies such as the www.coinbase.com. Coinbase.com sells bitcoins to customers at a mark-up of about 1% over the current market price. On the other hand, traders can go to bitcoin exchange websites such as the BitStamp. BitStamp eliminates the middleman as it allows you to transact with other users. See for yourself!

The second option is to dedicate your time on bitcoin mining. Bitcoin miners are crucial to the completion of transactions and the validation of genuine bitcoins. Using the computer, bitcoin miners need to verify a series of transactions that are guarded by a virtual lock called “blockchains”. Miners will run a software to find the key that will open said lock. For finding the coveted key, miners get a reward of 12.5 newly generated bitcoins. Research showed that it takes 1,789,546,951.05 attempts to find the correct key. Imagine how much effort you have to exhaust for that!

Last but not least, you may receive bitcoins offline by selling goods or services. You should apply the usual precautions when meeting a stranger for the bitcoin transaction. Meet in a public place at daytime and bring a friend (i.e., if possible).

Image Credits: pixabay.com

Image Credits: pixabay.com

Are you going to embrace the future of money or treat it as a chaotic addition to the stock market?

Sources: 1, 2, & 3

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What On Earth Are Bitcoins?

In the recent years, Bitcoin has captured the attention of many Singaporeans. We are gradually embracing the new wave of modern transactions – the rise of cryptocurrency! Despite its exposure, you may still be wondering what exactly it is.

BITCOIN DEFINITION

In its core, bitcoin belongs to an alternative type of payment system called cryptocurrency. It is a digital asset that enables you to conduct transactions outside of the mainstream financial infrastructures. Balances are securely stored using private and public keys. I am not referring to the metal keys that help open doors! Instead, these keys are linked through the mathematical encryption algorithms.

Image Credits: pixabay.com

Image Credits: pixabay.com

One of the most challenging parts of sustaining a digital transaction is ensuring that nobody spends the “same bitcoin” more than once. As you can imagine, almost anything digital can be copied over and over again! Regulation is crucial to cryptocurrency. Traditionally, verification was done thru trusted central authorities (e.g., PayPal). What makes bitcoin special is its utilization of a huge peer-to-peer network to verify transactions. Bitcoin payments are non-reversible, transaction fees are significantly lower, and its corresponding accounts cannot be frozen.

BITCOIN FUNDAMENTALS

1. History: Its origin dates back to 2008 when it was created by developer Satoshi Nakamoto.

2. Operations: Transactions are fully transparent due to the publicly available ledge known as the “blockchain”.

3. Security: As mentioned above, a bitcoin transaction consists of a public key (i.e., known to everyone) and a private key (i.e., exclusive to the bitcoin user). You cannot spend coins without knowing its private key.

4. Purpose: Bitcoin provides a viable alternative to the dealings within mainstream financial infrastructures. It eliminates the hefty transaction fees and the transportation expenses.

BITCOIN MINING

The bitcoin network is only as strong as the people and institutions supporting it. It is not created by the simple copy and paste tool! Instead, you need to mine for the digital assets using extensive computers that solve complex equations. Bitcoin miners are crucial to the completion of transactions and the validation of genuine bitcoins.

Without bitcoin miners, no new coins will be brought into the circulation as no rewards would be given.

Image Credits: pixabay.com

Image Credits: pixabay.com

Sources:1, 2, 3, & 4

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Singapore On A Budget: 7 Ways To Be A Tourist For A Day

Many Singaporeans are passionate about traveling. They are keen to absorb new cultures, to adapt with unique environments, to discover quality eateries, and to find the “rawness” of a city. Due to several factors, traveling overseas is not always possible. Fortunately for us, exploring the Lion City is amazingly doable!

Consider these seven interesting ideas:

1. The crowds clamor over places with colorful lights, luscious trees, and high-end malls. Experience all these and more by taking a walk around the Singapore River. Follow the The Poor Traveler’s route from Raffles Place to Gardens by the Bay. You will not be needing a tour guide to enjoy this enriching walk.

2. Satisfy your thirst for electrifying musical performances by knowing the right places to look. No-cost performances usually occur at Singapore Botanic Gardens and Esplanade. For instance, Singapore Botanic Gardens recently featured the “A Cappella Festival 2017”.

3. Aside from scoring seats from various performances, you may schedule a karaoke night with your friends. You may invite new co-workers or acquaintances to witness an array of live performances. Karaoke nights offer opportunity for you to socialize and to express yourself. After all, tourists are open to meeting new people.

Related Article: 4 Cheap And Awesome KTV Places in Singapore

Image Credits: pixabay.com

Image Credits: pixabay.com

4. Paint a bird’s eye view of the beautiful city by exploring the rooftops. Witness the magnificent aerial view of the city by stepping into the ION Sky. ION Orchard’s observatory is open from 3 to 6 PM daily.

5. Man-made skylines are captivating. However, nothing beats the charm of Mother Nature. Take Instagram-worthy photos as you stand in the MacRitchie Reservoir’s Treetop Walk. This is a suspension bridge that connects two highest points (i.e., Bukit Peirce and Bukit Kalang).

6. Many travelers focus on the vibrant art scene of the city. Visiting the local museums is a great start. Improve your knowledge of the Singaporean and Asian culture by visiting the Asian Civilisations Museum or the National Gallery of Singapore. Then, feast your eyes as Esplanade highlights the essence of Chinese arts and culture.  Connect with others, be inspired with unique artworks, and open your heart to new artistic experiences.

7. Embody the complete “tourist persona” by capturing your memories at the popular spots in Singapore. Snap cheesy pictures at Sentosa’s Merlion or bright pictures at Haji Lane.

Image Credits: pixabay.com

Image Credits: pixabay.com

Do not be afraid to translate your quirkiness in front of the camera. After all, you will only do this for a day! 🙂

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6 Money-Saving Tips For All Supermoms

ACCEPT THE PRELOVED

Until the credit statement arrives on your doorstep, you may have no idea about the money you spend on clothing and baby items. Cushion the expenses by embracing the hand-me-downs offered by friends and family members. Accept the toys, home accessories, and maternity items.

You can always donate the unnecessary items on the block’s donation drive. Doing so will not only help you declutter, but it will also help the ones in crucial need.

FILL THE PANTRY

Juggling the corporate and domestic life is challenging. Due to the limited time, you may either frequent the grocery for last-minute shopping or the nearby restaurant for take-out meals. A healthier solution is to keep a well-stock pantry. Purchase items that will last the family for at least a week.

As Holly Clegg, culinary expert and food author, once said: Think of a well-stocked pantry as a permanent shopping list. This tip will enable moms to cook more meals efficiently, timely and more affordable.”

Image Credits: pixabay.com

Image Credits: pixabay.com

LEAVE YOUR MONEY

Are you planning to hangout with your buddies any time soon? Consider bringing the exact amount that you are willing to spend and leave the rest at home. Suggest affordable yet entertaining activities such as art appreciation (e.g., roaming ACM or SAM) and game night (e.g., themed dinner at someone’s home). If your girl friends insist on shopping, you will not be tempted to purchase anything that you cannot afford.

Do you really need those tempting items anyway? I do not think so!

LISTEN TO OTHERS

I can vividly recall the time I was strolling the mall with my significant other. My feet were sore due to the high-heeled shoes that I opted for. Brought by strong emotions, I would rather purchase a new shoe that I do not need than to tolerate the pain. We visited a store that I previously ignored. Then, my partner reminded me that none of the products appealed to me last time I was there. The collection did not change. “You only like this because of the momentary use and not because you will use it again”, he said. He made a fair point! I saved a decent amount of money that day.

Listen to the opinions of other people who care genuinely about your financial future. Tally your monthly savings to remind yourself and your spouse about your recent accomplishment. Use this as a motivation to go further.

GIVE THEM ALLOWANCE

A sizzling topic among Singaporean parents is whether or not children shall receive allowance at such a young age. Some parents are concerned about the wastage of money on ridiculous items, while others want to cultivate financial responsibility. Bekah Jorgensen (blogger of Mother Moment) highlights the advantage of giving an allowance as it “sets a policy that if they want something that isn’t a need, they buy it themselves or wait for the next gift-giving holiday.” Children are empowered to save their money to buy what they want.

Furthermore, it avoids the embarassing tantrums in store and the impulse purchases that comes with it.

PROTECT YOUR INDIVIDUALITY

Who knew that you will become a devoted mom further down the road? Well, life is unpredictable. You will never know which turns will come next. You just have to make the most out of what you have and exhaust all your resources. Speaking of resources, it is best to keep your own personal account. This account will help maintain your financial autonomy and support your spouse’s credit history.

Image Credits: pixabay.com

Image Credits: pixabay.com

For significant commitments such as a car or a flat, you will have to work together to pay the loans. Having two streams of account will help speed up the process.

Sources:  1 & 2

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