Anna Agoncillo, Author at MoneyDigest.sg

Stay At Asia’s Most Beautiful Beaches For Less Than S$81 A Night

Whether you are having the an indulging weekend off or having an intimate beach wedding, the surest way to ensure that you get the most stunning moments on print is to have it taken at the beach! Not only will you get gorgeous pictures of the event but also the photographer will follow you along the romantic sandy shore aisle.

If your only concern now is to get the most breathtaking beach resorts at affordable prices, stay as long as you desire at Asia’s Most Beautiful Beaches For Less Than S$81 A Night (airfare not included)…

1. BORACAY, PHILIPPINES

Boracay at Dusk (Image credit: Chewy Chua, via Flickr)

Dubbed as the tropical paradise in Asia, Boracay has something for everyone, from luxurious spas to exhilarating water sports. Here in one of the most popular go-to island in the Philippines, you shall enjoy meals for less than S$10! Watch the sun set over the white sandy beach and sleep at its decent resorts costing as low as S$34 a night!

Here are the recommended places to stay at, courtesy of Agoda – a renowned online global hotel platform:

a. Boracay Holiday Resort

Rooms from S$66.70

Online Rating: 7.4/10

b. Levantin Boracay Resort

Rooms from S$33.88

Online Rating: 7.9/10

c. Hey Jude South Beach Resort

Rooms from S$56.55

Online Rating: 8.2/10

d. Shore Time Hotel

Rooms from S$77.71

Online Rating: 8.4/10

2. KOH PHANGAN, THAILAND

Koh Phangan (Image credit, soma-samui.com)

Thailand is a country full of amazing beaches. Nestled in its southeast region is Koh Phangan. Due to its monthly “full moon parties”, Koh Phangan is place mostly clamored by young travelers. Full moon parties are infamous for its night-long music, cheap drinks, and affordable food. Rest assured the crowd will go mad at this once in a blue moon experience!

Start the party at these recommended places:

a. Buri Beach Resort

Rooms from S$51.56

Online Rating: 7.4/10

b. Da Kanda Villa Beach Resor

Rooms from S$27.14

Online Rating: 7.4/10

c. Cookies Salad Hotel

Rooms from S$32.05

Online Rating: 8/10

d. Beyond The Blue Horizon Resort

Rooms from S$42.91

Online Rating: 9/10

3. BAC MY AN BEACH, DA NANG, VIETNAM

Da Nang Beach (Image Credit: http://danangbeaches.visitwonders.com)

One of the most impressive beaches in Da Nang city that tourists will enjoy is the Bac My An beach. It is a place filled with white sands, clear blue water, and quality resorts. Surprisingly, rooms at Da Nang are available for as low as S$13 a night! What’s more? The street vendors offer can satisfy your hunger for less than a dollar!

Rest after long demanding days at work in these recommended places:

a. Gold Coast Hotel

Rooms from S$73.74

Online Rating: 7.1/10

b. Fansipan Hotel Danang

Rooms from S$80.44

Online Rating: 7.8/10

c. Grand Mango Hotel Danang

Rooms from S$48.40

Online Rating: 8/10

Have an unforgettable trip! 🙂

Sources: 1 , 2, & 3

5 Things You Must Know About Microfinance In Singapore And Beyond

As majority of people in developing countries are economically disadvantaged, Microfinance proved to be a viable source of capital. In fact nearly 15% are living below S$1.68 a day, according to the World Bank. Fueled by hope and excitement towards success, both public and private sectors are willing to accept the risks of working with numerous borrowers. The only factor in the way are tightened financial regulations across the world. That said, here are 5 Things You Must Know About Microfinance In Singapore And Beyond…

1. DEFINITION OF MICROFINANCE

Microfinance refer to a diverse group of services that specifically target people who are low-income earners and who are often denied access to banking loans. Microfinance services include loans, savings, remittances, and insurances. Interestingly, Microfinance gave women the biggest economic boost.

2. RISE OF MICROFINANCE

Muhammad Yunus, founder of Grameen Bank, developed Microfinance in 1974 to promote self-sustaining social businesses in Bangladesh. Since then, millions of people around the world have opened Microfinance institutions that allowed Microcredits. With Yunus’ valued efforts to impact many and improve global economy, he was awarded the Nobel Peace Prize in 2006.

3. TECHNOLOGIES AND MICROFINANCE

Funding more than millions of people, Microfinance aided by technology became a perfect match in helping to eradicate poverty. Hatton National Bank’s Chandula Abeywickrema highlighted that Sri Lanka had been experiencing relatively high mobile technology tap. For instance, mobile technology allows rural residents to perform transactions through mobile platforms. This will surely bring newfound opportunities.

4. INTEREST RATES OF MICROFINANCE

The interest rates of Microfinance services vary across the board. In 2010, several organizations and websites have sited the rate to be about 37% in average. Borrowers are required to pay these rates to receive the money they need. Certainly, the rates are still cheaper than that of the banks’.

5. SINGAPORE MICROFINANCE NETWORKS, ORGANIZATIONS, AND COMPANIES

Open a small business or help others to be entrepreneurs with these networks, organizations, and companies:

a. Microfinance Society (Singapore)

b. MILAAP

c. Kiva Lending Team: Singapore

Image Credits: Dean Meyers via Flickr

Through Microfinance, may we not only show care to the underprivileged sector but also show immediate action toward activities that promote social welfare. 🙂

Sources: 1, 2, 3, & 4

Enjoy A Rejuvenating Retreat For Less Than S$15

After months of wrestling with tight deadlines, multiple assignments, and crucial projects…you deserve a peaceful rest. A weekend retreat will help! There are different kinds of retreat. While some are spiritually rooted (e.g., in Hindu, Buddhist, Christian and Sufi communities), others are for recreational purposes.

A recreational and wellness retreat is a short getaway with a goal to improve your overall health. Activities such as Yoga, meditation, workshops, and organic dining are usually included in the mix. Its average price ranges from S$700-3,000.

Luckily for you, you can take your mind and body to a rejuvenating retreat without flying off the shores of Bali or spending more than S$15. All you have to do is to create your own retreat within the walls of your own home.

1. SET THE POSITIVE MOOD

Kick off your weekend of relaxation by setting up a positive mood. Aromatherapy has been proven to enhance one’s physical and psychological well being. Scented candles ranging from S$2.90-4.90 are available at IKEA.

Image Credits: ikea.com/sg/en/catalog/products/90283207

2. PRACTICE YOGA TWICE A DAY

Eliminate your daily stress by practicing Yoga in the morning and before you end the day. Practicing at home along with a video or audio guide is definitely more cost-effective than attending classes. Websites such as doyogawithme.com and kinoyoga.com have abundant collection of Free Yoga videos and health information that you may use.

If you are in need of yoga props, here are some tips as shared by Abby Lentz (Founder of HeavyWeight Yoga classes):

a. Yoga Blocks

Make a handcrafted Yoga Block with bulky, unused, or old books, yellow pages, phone books, and dictionaries. Just slip a pace of hard cardboard halfway between the pages of the book to make it sturdy and tightly tape the entire areas close.

b. Yoga Straps

Make your own Yoga strap by knotting two neckties together. You may also use a second-hand bathrobe sash from the thrift shop as branded Yoga straps are merely made with cotton straps and buckles.

3. TAKE A BREATH OF FRESH AIR

Include at least 30 minutes of cardio exercises such as jogging, brisk walking, and cycling outdoors. These no-cost exercises done in the nearest park will help lower your blood pressure and improve your outlook in life.

4. LOCK DOWN ALL DEVICES

In the spirit of a true retreat, turn off all your devices for the whole weekend but, inform your boss prior to it. Avoid the laptops, tablets, and hand phones to decrease your worries and improve your sleep.

5. MEDITATE FOR 10 MINUTES

Through meditation and mindfulness, you will be focusing yourself to your present state. This improves your quality of life. In fact, a study showed that there was a reduction of grey matter’s amount in the brain after 8 weeks of meditation. This later resulted to less stress and anxiety.

Image Credits: misspsychobabble.blogspot.com

6. EAT HEALTHY FOOD

To detox your body even more, it is a must to eat healthy food for the entire weekend. Shy away from alcohol, tobacco, caffeine and too much sugar. Make an affordable yet healthy smoothie by following these steps by Jasmith1:

a. Pour 300 ml of Apple juice into the measuring jug.

b. Peel a Banana and break it into pieces. Add this to the jug.

c. Grab a handful of frozen Berries and add this to the jug.

d. Liquidate everything using a hand blender until it is fully blended.

e. Presto! You can now enjoy your smoothie. 🙂

Sources: 1, 2, & 3

Eating Out? Make Healthier And Cheaper Choices In Just 5 Ways

With the influx and the variety of the restaurants, cafes, and other eateries island-wide, it is always a good time to dine out at the Red Dot. But…this does not mean that you can freely eat unhealthily or splurge a lot.

Here are 5 ways to work around it:

1. MAKE IT A HABIT TO SEARCH IN ADVANCE

Before dining in the restaurant, make it a habit to check their menu online. Websites such as sg.openrice.com, yelp.com.sg, or hungrygowhere.com can help you locate a restaurant, identify its menu, and give you an estimate of the average spending. This will help you make tastier, healthier, and cheaper decisions.

2. CONSIDER ORDERING A MEAL

Imagine being in an affordable buffet with all the calorie-rich food available at your arm’s length. It sounds tempting doesn’t it? Yet your health may be at cost. Instead of always opting for a buffet, consider ordering a single meal that is packed with nutrients!

3. DISTANCE YOURSELF FROM THE APPETIZERS

Even if the restaurant appetizers are free, do your best to skip it as some of it are packed with calories. Appetizers are also made to fool your brain unto consuming more food that you intend.

Image Credits: wEnDy via Flickr

4. CHEW SLOWLY

Indulge and savour the taste of your food. Eating slowly will help you realize that you are actually satiated. Thus, you will eat and purchase just enough or even less.

5. CHOOSE YOUR DESSERTS AND SALADS WISELY

I know I am not the only one who shares a deep fondness for desserts. A delectably sweet cake drizzled with tasty toppings can make you hungry for more. Although it is tempting, it is important to watch your sugar intake. Opt for lighter dessert choices such as sorbets or fruits. As for the salads, be mindful of the creamy toppings and the dressings.

Image Credits: Ralph Daily via Flickr

With these simple ways, your tummy and your wallet will definitely be happy!

How Does One Become Bankrupt And How To Avoid It?

According to the High Court, an individual becomes bankrupt if he or she owes at least S$10,000 and has no means to pay it.

Filing for bankruptcy can be done by the creditor or the debtor. A deposit of S$1,600 to the Official Assignee (OA) is required. The OA is the authority that is responsible for selling as many of your assets as possible to repay your creditors. Credit bureaus will display your bankruptcy date for five years after the date of discharge.

Aside from this, it is essential to note that there are assets that are protected by the creditors such as furniture, HDB flats, compensation awarded for legal actions, and life insurance policies.

The effect of bankruptcy does not only take a toll on your finances but also on other aspects of your life. For instance, there will be restrictions in travelling overseas and in looking for a job especially as a director of a company. Truly, it drastically affects your lifestyle, your career, and your relationships.

This is why it is important to avoid falling to this “black hole” by being financially knowledgable. To put it in perspective, here are 4 Ways To Prevent Bankruptcy…

MANAGE YOUR DEBTS

First, be aware of how much your debts and assets total to. Include every billing statement, every document, loans, and mortgages you may have. Take immediate action when you notice that it is getting hard to pay for your debts.

CUT DOWN YOUR EXPENSES

After seeing the bigger picture, it is time to cut down your expenses. Reduce the unnecessary expenses first such as designer bags or costly coffee beans. Then, add the minimum payments of your debts and the cost of your necessities to your monthly budget.

SELL YOUR STUFF

To aid your budget, you must sell your unnecessary items among others. Selling whatever you can spare can help pay off your multiplying debts.

SEEK HELP

Calculate the money that you need to prevent bankruptcy. Examine how much money you are able to get. Then, consider seeking help from your family and friends to make up for the difference. Yes! Asking your friends and family for money maybe a shady area but this situation is an exception.

If you still find it uncomfortable to seek their help then, consider hiring a professional (e.g., credit counseling agency or debt management firm) to help you reduce your interest rates and penalties at friendly time frame.

Image Credits: Images Money via Flickr

Sources: 1 & 2

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