Anna Agoncillo, Author at MoneyDigest.sg

How To Look For The Best Local Suppliers For Your Biz

A party that supplies you with goods or services is called a vendor. Most people refer to the vendor as the supplier. Suppliers are distinguishable from contractors as the latter allow specialized input before handing the final outcomes.

Finding the most suitable suppliers for your business is as important as running it. You can either attract the suppliers or you can search for them. So where do you look for the Singaporean suppliers, exactly?

QUICKEST METHOD

Do you still recall those heavy books which included all the landline handles of your chums? It brings nostalgic memories of my childhood wherein my siblings and I will put the bulky publications on top of each other to build a tower. It sounds silly now but, we had so much fun back in the day!

These said publications are called classified directories or telephone directories. One of its well-known brands is Yellow Pages. Just when you thought that it is long gone, it stays potent since 1967. Yellow Pages is a “comprehensive classified directory that not only helps consumers make informed purchases but also serves the social, commercial and industrial needs of business users”. It is printed in both English and Chinese editions.

You can visit their website at yps.com.sg to supplement your search. For instance, you can contact this supplier if you need someone to customize uniforms for your office:

Muxette Pte Ltd

998 Toa Payoh North #02-25, Singapore 318993
65098051
[email protected]

Yellow Pages and its counterparts is probably the quickest method to get a supplier. The only downside is the fact that you cannot compare prices by merely browsing a single source. However, it provides you with the fundamental information such as the supplier’s address and contact number.

COMPREHENSIVE METHOD

If suppliers seem to be elusive, consider approaching them directly by attending several trade shows, exhibits, and bazaars. It is the perfect chance to expand your network and to grasp how huge your industry is.

Say you are building an events firm that offers wedding planning services. You can check out the “Her World Brides & Resorts World Sentosa Wedding Carnival” to get a comprehensive list of wedding vendors and speak to a team of wedding experts.

Image Credits: herworldplus.com/weddings/events-promos/her-world-brides-resorts-world-sentosa-wedding-carnival

Get the latest schedule of trade shows in Singapore by visiting 10times.com.

MOST CONVENIENT METHOD

One of the most convenient sources of information is the search engine. The Internet has a vast influx of data on local suppliers, manufacturers, and contractors. Use the attached contact information along with the uploaded pictures and videos to your advantage. Start with a minimalist website that gives you the basic details in a form of a classified directory – the STDIRECTORY.

For your safety, refrain from processing everything online. A better approach is to set meetings with the suppliers using the details found on their websites.

Image Credits: pixabay.com

May this post help you to invest time and effort in finding the best supplier who can provide you with quality outcomes at budget-friendly prices.

Sources: 1 & 2

Efficient Ways To Deal With Your Money Insecurities

We all experience money insecurities at some point in our lives. The question is, how do you handle them?

TAP ON YOUR TRIGGERS

Contemplate on the things that you are lacking. Where do these negative thoughts come from? Do these come from your painful financial situations in the past? Think about it!

Once you locate the source of your insecurity, it will be easier do think of ways to efficiently deal with it. Facing your fear entails the end of avoidance. For instance, Danny is worried that he is making less than his wife. This thought comes from his highly dominating mother. It is up Danny to think about proactive way to handle this situation.

Thoughts lead to feelings, which directs behavior. Recognizing where the insecurity started will make it seem more manageable.

CHANGE YOUR PERSPECTIVE

Some money insecurities originate from the wrongful beliefs and myths that the person strongly holds. See the other side of the situation to re-frame your negative perspectives. If you are unemployed and you feel extremely useless, view the circumstance as a new chapter in your life. In this chapter…you are FREE! You have countless days to figure out what you really want to do in life. Invest on things that will lead you to your financial goals.

Image Credits: pixabay.com

DO NOT COMPARE

They say that money is the root of all evil. However, I believe that envy is too.

It is not difficult to become insecure when you constantly compare your wealth, job, and lifestyle to others who are seemingly perfect. Aspiring someone’s success may serve as a great motivation. However, unrealistically desiring what others have can contribute to your insecurity and depression. It is very unhealthy to measure your own worth to the things that you do not possess.

Rather than mimicking the lifestyle of your “flawless” neighbor, focus on your own capabilities and strengths instead.

KNOW YOUR STRENGTHS

You read it once and you will read it again! You must focus on your capabilities and strengths. Most people put more weight on failures (e.g., investment loses) than on successful experiences (e.g., salary increase). A lot of insecurities can come from narrowing your mindset on the things that you have trouble with.

As much as everybody carries their weak points, they do have some strong points as well! Learn to balance these two elements together and build a successful life. Say your budgeting skills are above average, consider flourishing this area further by seeking the help of professionals.

Image Credits: pixabay.com

PARTING THOUGHTS

In conclusion, we all experience money insecurities at some points in our lives. The key to conquering these insecurities is to determine, invalidate, and move past them. Concentrate on your strengths and accomplishments to realize that your insecurities are merely irrational fears.

Sources: 1, 2, & 3

Delicious And Affordable Places For Halal Food In Singapore

In Arabic, the word “Halal” means lawful or permitted. So Halal food is the specific type of food which is allowed under the Islamic dietary guidelines. Finding Halal eateries in Singapore is an easy task as we are surrounded by them. However, it is quite hard to find places that offer delectable Halal dishes without burning your pocket.

On that note, I bring you the “Delicious And Affordable Places For Halal Food In Singapore”:

1. BUMBU RESTAURANT

Looking for a good Halal restaurant to satisfy your cravings for Thai or Indonesian food? Look no further as Bumbu Restaurant offers a selection of Asian dishes at highly reasonable prices!

This humble restaurant is located in a shop-house that fuses the beauty of the past with the innovative dishes of the present. The place is filled with spectacular Peranakan photographs and antiques, which were collated by the owner himself. The marble tables and doors embellished with carved motifs completed its “old-world” charm.

Let your palate experience the wonders of Thailand and Indonesia by tasting their dishes such as Mango Salad, Green Curry Chicken, Beef Rendang, and Tahu Telor. Bumbu’s buffet with over 20 mains and a variety of desserts costs under S$20.

Image Credits: facebook.com/bumburestaurant

Location: 44 Kandahar Street, Singapore 198897

2. SELERA RASA NASI LEMAK

Selera Rasa Nasi Lemak is a food stall located at Adam Road Food Centre. It is known for its Halal rice dishes as well as its fried chicken wings. You can easily spot the stall as it frequently has a long queue of people that may extend until the end of the place. Once you get your food, you will realize that spending your time on the queue is worth it! The average price per person costs about S$19.

A hungrygowhere.com user named “Singapore Gordon Ramsay” even wrote this pleasing review:

“I ordered the royal rumble set which consists of fish, chicken, ikan bilis, fried egg, otah, and the most amazing basmati rice. The chicken wing is crispy enough but, the flavor does not have much impact. One important component I must point out is their fragrant rice. Why? It makes them stand out from their competitors.”

Location: #01-02, Adam Road Food Centre, 2 Adam Road, 289876

3. I AM CAFÉ

At the junction of Haji Lane and North Bridge Road resides a go-to eatery for people who adore picturesque food at budget-friendly prices. It is not hard to fall in love with the Instagram-worthy European food offered by the I Am Café.

They have almost everything covered from pastas to burgers as well as coffee to mocktails! You must grab the chance to avail their fries & mayo, mocktails, and starters for only S$5.10 this National Day. The promotion is valid until 11pm today (August 9, 2016).

Worry not if you cannot come on the #SG51 as I Am Café serves the savory Charcoal Grilled Juicy Beef Burger ($13.90) and the yummy Homemade Beef Meatball Pasta ($14.90) all year round!

Location: 674 North Bridge Road #01-01, off Haji Lane, Singapore 188804

Image Credits: facebook.com/Iamathajilane

Go out and makan! 🙂

Sources: 1 & 2

How Much Money Do Singaporean Olympic Athletes Make For Each Medal?

Olympics is the world’s biggest international multi-sport event that is conducted every four years. Officially known as the “Games of the XXXI Olympiad” and popularly known as “Rio 2016”, the 2016 Summer Olympics takes place in Rio de Janeiro (Brazil). More than 10,500 athletes will compete for the prestigious medals that are up for grabs from August 5 to 21.

The games features 28 sports including Archery, Fencing, Diving, Table Tennis, Golf, and Rugby Sevens. 33 venues across 4 regions of the city were allocated especially for these sporting events. The dedication of the Rio 2016 Organising Committee expands beyond venues allocation as they aim to “deliver excellent Games, with memorable celebrations that will promote the global image of Brazil, underpinned by social and urban sustainable transformation through sport, contributing to the growth of the Olympic and Paralympic Movements.”

Olympic athletes who are able to bring home the bacon can reap the sweetest rewards of their victory. By sweetest rewards, I pertain to the cash payouts. The money that Olympic athletes receive for each type of medal varies by country.

You may be surprised to know that most Southeast Asian countries including Singapore are pretty generous when it comes to winning this global distinction. For instance, Feng Tainwei’s Olympic bronze medal in 2012 (Women’s Single – Table Tennis) earned her a quarter of a million dollars.

Image Credits: www.facebook.com/fengtianwei

This amount is in accordance with the Multi-Million Dollar Awards Programme (MAP). MAP is an incentive scheme set by Singapore National Olympic Council in 1990s. In the recent years, MAP provides monetary payout to the winning Singaporean athletes of the Olympic, Asian, Commonwealth, and Southeast Asian (SEA) Games.

According to the MAP 2012-2015, here were the payouts given to the successful Olympic athletes:

INDIVIDUAL MEDALS

GOLD: S$1,000,000

SILVER: S$500,000

BRONZE: S$250,000

TEAM EVENT MEDALS

GOLD: S$1,500,000

SILVER: S$750,000

BRONZE: S$375,000

TEAM SPORT MEDALS

GOLD: S$2,000,000

SILVER: S$1,000,000

BRONZE: S$500,000

Image Credits: pixabay.com

These attractive awards were sponsored by the Tote Board and the Singapore Pools. Instead of having five rings as a symbol for the Olympics, perhaps five dollar signs are more suitable! 😉

Why Budgeting Is Beneficial To Your Financial Health

Budgeting is a quantitative plan to manage your money. It has various benefits such as tracking your cash flow, controlling your expenses, and reaching your goals!

Be motivated to start budgeting by reading through its financial advantages:

1. TRACKS YOUR CASH FLOW

With budgeting, you can easily track how much you are earning and how much you are spending. It prevents you from wondering where your cash actually goes. Being aware of your cash flow enables you to know what you can realistically afford. With this purchasing power comes great responsibility, which is why you must aligh your cash flow to your financial goals.

2. HELPS REACH YOUR GOALS

A friend of mine was at a Tokyo flea market and she saw this beautiful Beige suede boots and tried it on. Her husband warned her that she probably would not wear it because she always goes for comfortable ballerina flats. She did not listen! She ended up donating the underused boots. This unnecessary item is an example of a purchase that is not in-lined with one’s financial goals.

If you are disorganized with your finances, there is tendency for you to spend your cash on unnecessary products and services. Budgeting helps you to reach and focus on your financial goals. It works especially if you have limited resources or live from paycheck to paycheck.

3. CONTROLS YOUR EXPENSES

When your budget is working efficiently, you are able to recognize how much you are spending in a month or a week. It requires you to refer to your existing bank statements and outgoings. This means that you will be able to see whether there are some expenses that need to be altered.

If you need to cut down on your spending, you can create a proper budget to make this financial activity easier.

4. IDENTIFIES POTENTIAL ISSUES

Aside from identifying the unnecessary expenses that you need to reduce or eliminate, budgeting enables you to identify the potential problems that can affect your financial health. Budgeting gives you the “bird’s eye view” of your current situation and enables you to make adjustments before issues appear.

5. ALLOWS YOU TO SAVE EXTRA MONEY

Budgeting goes beyond helping you with identifying and eliminating non-essential spending as it prevents you from penalties or late fees. By organizing your finances and allocating budget before the bill arrives, you are able pay your commitments on time. This will create more room for savings.

Not to mention, budgeting opens opportunities for investment. Passive income may grow your wealth even more.

Image Credits: pixabay.com

Despite all these benefits, budgeting has one huge drawback. It needs conscious effort for it to work! Are you ready to commit to a healthier financial life?

Sources: 1,2, & 3

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