MoneyDigest - Personal Finance, Lifestyle, Money Saving Tips

Money Management Tips Embraced by Gen Z

Meet Generation Z, the younger siblings of millennials, born between 1995 and the late 2000s!

Despite growing up in the aftermath of the 2008 recession and facing an uncertain job market, Gen Z has developed some impressive financial habits that everyone can learn from.

#1: THOUGHTFUL CHOICES & SACRIFICES

Gen Z understands the significance of making thoughtful decisions, especially when it comes to spending on non-essential items. Having experienced the impact of the 2008 recession, they’ve earned the reputation of being the most fiscally conservative generation in years. This frugal nature allows them to manage their funds wisely, focusing on essential expenses and saving for the future.

I had a conversation with my younger Gen Z cousin about money, and She shared how the recession taught her the value of choices. Her family had to cut back on certain luxuries, which taught her to prioritize his spending and save for rainy days.

#2: UTILITY & QUALITY OVER BRAND NAMES

Unlike their parents’ generation (Gen X), Gen Z doesn’t base their choices on recognizable logos and brand loyalty. Having grown up in the tech age, they value efficiency and usefulness over trendy branding.

A Gen Z friend once shared a funny incident where they refused to buy expensive shoes just because they had a famous logo. Is logomania really over?

#3: DIVIDE YOUR MONEY INTO BUCKETS

Gen Zers must organize money into different categories or “buckets” to track spending effectively. This could involve setting up separate bank accounts for different financial goals or physically allocating cash into envelopes labeled for specific expenses.

For example, dividing income into necessities and discretionary spending helps maintain financial discipline. Creating buckets for short-term and long-term goals, as well as savings and investments, aids in focused financial planning.

#4: SOCIAL MEDIA AS A STARTING POINT

Many seek financial guidance through platforms like TikTok and Instagram. While social media can offer useful tips, it’s essential to recognize its limitations and supplement it with further research.

One of my Gen Z acquaintances confessed how she used to believe everything she saw on financial TikTok without question. After making some hasty financial decisions, she learned the importance of cross-referencing information from reputable sources, like financial websites and expert advice columns.

Image Credits: unsplash.com

In conclusion, Gen Z has demonstrated remarkable financial acumen by embracing mindful spending, prioritizing utility over branding, adopting the bucket strategy, and using social media as a stepping stone for financial knowledge. Their approach serves as a valuable lesson for all generations to manage money wisely and secure a stable financial future.

Sources: 1 & 2

How to Spend Less on Food

We spend a chunk of our paycheck on food. If you tally up every dollar you spend on food, including groceries, takeout, and dining out, you might be surprised at the total.

No need to feel ashamed!

We all need to eat, and food expenses can really add up, especially when grocery prices hit record highs and continue to rise. To help you reduce those unnecessary expenses in the future, we’ve compiled some of our best money-saving tips.

#1: MAKE A CUSTOM FOOD BUDGET

Taking the time to create a food budget will give you a clear understanding of your actual food expenses and reveal shopping patterns that could lead to potential savings. Your ideal food budget should be tailored to your specific dietary needs and the number of people you’re cooking for, whether that’s a family or just yourself.

To get started, keep track of your grocery spending for a few weeks. Save your receipts, use a budgeting app, or simply jot everything down on an Excel Sheet. Gradually, you’ll gain insights into your spending habits, such as your typical purchases, preferred shopping days, and average spending per trip. This valuable information will enable you to make informed decisions about buying in bulk or opting for more affordable store-brand items over name-brand products.

#2: EMBRACE DRY GOODS

One effective way to slash your grocery bill is to always have affordable staples on hand for quick and easy meals. Items like legumes, rice, pasta, and beans are low-cost and can prevent you from relying on pricier, less healthy alternatives.

Image Credits: unsplash.com

The beauty of dry goods lies not only in their affordability but also in their longer shelf life. Unlike perishable items, they won’t go bad quickly, allowing you to stock up and plan meals well in advance. This will curb the temptation to buy expensive last-minute options when you know you already have your next few meals covered.

#3: UTILIZE THE FREEZER

Maximize the potential of your freezer to save money on groceries. Consider doing a freezer clear-out to make room for various frozen food items that can last up to 6 months.

Here are some freezer-friendly ideas to get you started: frozen fish, frozen veggies, frozen fruits, and frozen chicken.

Additionally, many fresh foods freeze well, such as bread, meat, chicken, hard cheeses, milk, and spinach. An excellent tip is to cook a whole frozen chicken or chicken pieces, which is a cost-effective way to enjoy meat.

#4: OPT FOR MEAT ALTERNATIVES

Another smart approach to cutting down on grocery expenses is to reduce meat consumption. Incorporate at least 1-2 meatless days into your weekly meal plan and explore other protein sources.

Great alternatives to meat include:

– Canned fish
– Eggs
– Lentils
– Chickpeas
– Tofu

Image Credits: unsplash.com

These options are not only budget-friendly but also nutritious and easy to prepare. Embracing various protein sources will add diversity to your meals and bring down your overall grocery costs, especially if meat is a regular part of your shopping list.

#5: SAVE MONEY WITH VEGGIES

When trying to save money, consider growing pricier vegetables, like tomatoes and melons, or cultivating large quantities of regularly consumed veggies. Some cost-effective vegetables to consider are beans, beets, onions, spinach, broccoli, peppers, carrots, cucumbers, tomatoes, potatoes, lettuce, and peas.

By incorporating these money-saving strategies into your food shopping routine, you’ll be well on your way to reducing expenses and enjoying more savings in the long run.

Bon appétit and happy savings!

Sources:1 & 2

Latest WFH internships posted from 27 to 31 August 2023

Hey, folks.

Before you head to the polls and enjoy the long weekend, take a look at this list and see if there are opportunities that excite you.

Let’s roll with the latest WFH opportunities this week, shall we?

#1: Duo Studio – Social Media Production Intern

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A post shared by Duo Studio (@duostud.io)

Website: duo.social

Allowance / Remuneration: $700 – 850 monthly

Job Qualifications

A love for cooking
An interest in social media marketing
Basic manners and hygiene standards
Good budgeting and time management skills

Key Responsibilities

Producing content through photography and videography
Purchasing ingredients and props
Assisting with styling setup during shoots
Assisting with clean up and pack down after shoots

How to apply?

View the job post in full here and write to Stephanie via this link.

#2: ACE Editorial – Editorial / Content Intern

Website: acemakerparenting.com

Allowance / Remuneration: $800 – 1,500 (project /contract based)

Job Qualifications

Good command of the English language
A passion for writing and journalism
Ability to multitask and manage time effectively in a fast-paced environment.
Strong organizational skills and the ability to work both independently and collaboratively.
Basic knowledge of graphic design and image editing tools is a plus.
Previous writing or editing experience through personal blogs, school publications, or other platforms is advantageous.
Bonus for experience in social media content creation and/or onsite/quick event coverage

Key Responsibilities

Assist in creating, editing, and proofreading engaging and accurate written content for various platforms, including blogs, articles, social media, and marketing materials.
Collaborate with the editorial team to brainstorm and develop creative content ideas that align with the brand’s voice, mission, and target audience.
Conduct research to ensure the accuracy, credibility, and relevance of information presented in content pieces.
Monitor trends and developments in relevant industries to identify potential content opportunities. Ability to multitask and manage time effectively in a fast-paced environment.
Previous writing or editing experience through personal blogs, school publications, or other platforms is advantageous.
Support in managing social media platforms by scheduling posts, responding to comments, and engaging with the online community.

How to apply?

View the job post in full here and write to Yan Kai via this link.

#3: Ailytics – Data Engineering Intern

Website: ailytics.ai

Allowance / Remuneration: $800 – 1,000 monthly

Job Qualifications

Self-starter. Ability to pick things up quickly with minimal guidance and be resourceful.
A passion for solving problems and providing value-added solutions with attention to detail.
All-round communication skills and ability to work collaboratively.

Key Responsibilities

Data collection and processing for AI training
Building and optimizing data pipelines and training AI models
Calibration and maintenance for existing deployments
Create scripts for data augmentation and pre-processing
Incorporate data engineering best practices into operations
Engage and manage external stakeholders on operational matters

How to apply?

View the job post in full here and write to Wei Zhuang via this link.

#4: Dear Folks – Marketing Intern

Website: dear-folks.com

Allowance / Remuneration: $500 – 600 monthly

Job Qualifications

Singaporeans or people residing in Singapore only.
Currently pursuing a degree or diploma in Marketing, Communications, or a related field.
Basic understanding of marketing principles and concepts.
Experience in social media content planning
Strong written and verbal communication skills.
Ability to handle multiple client accounts.
Proficiency in social media platforms.
Self-motivated and able to work independently with minimal supervision.
Fast-paced and have good time management.
Excellent organizational skills and attention to detail.
Flexible availability, including the ability to be on-call when needed.

Key Responsibilities

Assist in the development and execution of marketing campaigns across various channels, including social media content calendars, email, content creation, and more.
Conduct market research and analysis to identify industry trends, competitor strategies, and target audience insights.
Support the team in managing and maintaining social media accounts, including content scheduling, community engagement, and performance tracking.
Collaborate with team members to create compelling content, such as blog posts, articles, press releases, or website copy.
Assist and coordinate + execution in events, promotions, and other marketing activities.
Monitor and report on marketing campaign performance, providing insights and recommendations for optimization.
Stay up-to-date with industry news, emerging trends, and best practices in digital marketing.

How to apply?

View the job post in full here and send your application to shannon@dear-folks.com.

#5: Park Hotel Group Management Pte Ltd – Sales Intern

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A post shared by Park Hotel Group (@parkhotelgroup)

Website: parkhotelgroup.com

Allowance / Remuneration: $800 – 1,000 monthly

Job Qualifications

Minimum Diploma in any field
Currently studying in university or polytechnic
Prior experience in past sales-related roles will be an advantage
Positive and energetic attitude
Excellent interpersonal skills and enjoy interacting with stakeholders
Full-time interns preferred (3 to 6 months)

Key Responsibilities

Conducting Research

Researching potential clients, companies, and industries to gather relevant information that can aid in the sales process. Identify companies that have a need for Park Hotel Group’s products and services (e.g. hotel rooms, F&B events, catering)
Identify key decision-makers within target companies
Compiling data and insights into organized databases (Salesforce) for the sales team’s reference.

Prospecting, Marketing, and Outreach

Work closely with the Digital Marketing and Sales team to reach prospective customers. This includes LinkedIn Inmails, cold calling, email marketing, etc.

Qualifying Sales Leads

Evaluating leads based on predefined criteria to determine their likelihood of becoming customers
Passing qualified leads to the Global Sales team for further nurturing and conversion.

How to apply?

View the job post in full here and send your application to hr@parkhotelgroup.com.

Note: We’ve selected these internships based on the “remote” tag, but some positions may still require some face-to-face time. Please contact the employer directly for more deets.

5 Best Trekking Trails in Singapore

Got hitched and those extra pounds tagged along (I’m guilty of this)? No worries! One thing that won’t cost you a dime is hitting the trails for a good run. Dive into nature and get your sweat on at the various hiking trails and parks scattered across beautiful Singapore. The best part? Trekking won’t put a dent in your wallet!

Why are we known as the Garden City, you ask? Well, because we’re decked out with an abundance of parks, nature reserves, and some hidden gems tucked away from the bustling city skyline. You name it – from lush hills to serene wetlands – Singapore’s greenery has something in store for every adventure-seeking hiker out there. Check out this list!

CHANGI BAY PARK CONNECTOR

Let’s kick things off with the Changi Bay Park Connector, a section of the eastern corridor on the Round Island Route. This stretch, spanning 3.6km, connects Changi Beach Park to the East Coast Park Connector Network, allowing you to embark on a 75km trek from Rower’s Bay Park to Berlayer Creek

Be sure to take a breather at the boardwalk to soak in the breathtaking waterfront scenery. And hey, if you’re a K-drama fanatic, this place might ring a bell – rumors are swirling that it exudes vibes reminiscent of Jeju Island!

MACRITCHIE RESERVOIR

Guess where my sister and I love to run? It’s none other than Singapore’s oldest and most beloved nature park – MacRitchie Reservoir. This place is a haven for joggers, families, and weekend wanderers. But the cherry on top has to be the HSBC TreeTop Walk, a suspension bridge hanging 25 meters above the forest floor. It links the two highest points in the reserve, treating you to awe-inspiring panoramic views. Remember, it’s a one-way journey on the bridge, so no turning back once you step on it!

For a true rainforest escapade, explore the MacRitchie Trails, offering both leisurely boardwalk paths and more daring treks extending up to 11km. The wildlife here, from flying lemurs to tree frogs and pangolins, is thriving but a tad elusive. You might come across the ever-present long-tailed macaque monkeys, but be cautious – they’re used to handouts from less responsible visitors and can be a bit feisty.

TAMPINES ECO GREEN

Folks in the eastern part of town, rejoice! You don’t have to journey far for a good hike. The expansive Tampines Eco Green awaits, covering a whopping 36 hectares. This eco-friendly oasis boasts diverse natural habitats, including grasslands, wetlands, and rainforests.

Take your pick from three hiking trails and see if you can spot the delightful bird and butterfly residents during your trek. Keep the adventure alive by exploring the lush waterway along Sungei Tampines.

COAST-TO-COAST (C2C) TRAIL

Now, brace yourself for a challenging trek – the Coast-to-Coast Trail. This 36km trail isn’t for the faint-hearted or those easily winded. It takes you on an exhilarating journey from Jurong Lake Gardens in the west all the way to Coney Island Park in the northeast. The route is meticulously planned, leading you through numerous parks and park connectors. To help you out, the Coast-to-Coast (C2C) Mobile App is your go-to guide for planning your route and discovering the fascinating native biodiversity, complete with augmented reality (AR) features.

Image Credits: unsplash.com

Speaking of Coney Island, keep your eyes peeled for native macaques, rare birds, and butterflies as you explore the woods and uncover hidden beaches. Oh, and if you’re venturing into the woods, a heads up: be on the lookout for snakes!

BISHAN-ANG MO KIO PARK

Last but not least, let’s talk about Bishan-Ang Mo Kio Park, one of Singapore’s largest parks spanning a whopping 3km. Split into two sections by Marymount Road, this park is a nature enthusiast’s paradise. And guess what? On top of all the natural beauty, there’s a spa and a handful of eateries where you can recharge.

What’s the highlight, you ask? Well, it’s the Kallang River that gracefully meanders through the park. Walk along the banks for a close-up view of the waterside, and you might just catch sight of Singapore’s famous river otters snacking or lounging around on the banks.

So, there you have it – a fantastic lineup of Singapore’s finest trekking trails. Lace up and step out with your partner!

Sources:1 & 2

4 Airbnb Plus homes with stunning views under $75/night in KL, Malaysia

Ahoy, travelers!

If you’re planning a trip to KL, Malaysia, and looking for an affordable yet spectacular place to stay, then we’ve got some good news for you.

We’ve scoured Airbnb and found Airbnb Plus homes that not only fit snugly within a budget of $75/night but also offer breathtaking views of the cityscape.

These homes combine comfort, style, and a vantage point that’s hard to beat. So, if you love waking up to amazing vistas or sipping your evening tea against the backdrop of a city illuminated in lights, then keep reading.

Loft apartment with views of the Twin Towers

Price: $38/night

Step into this premium loft in the heart of Damansara Perdana, where strategic location meets tasteful design. This apartment provides a stunning view of downtown Petaling Jaya’s skyline, with the lush green hills offering a serene backdrop to the north.

The accommodation is conveniently located close to The Curve, Ikano Shopping Centre, and numerous other malls. A quick 5-minute drive or a leisurely 15-minute walk will get you to those popular destinations.

The loft is equipped with all the comforts of home—high-speed internet, a microwave, a coffee maker (with ground coffee provided), and an induction stove with suitable cooking utensils for light cooking.

It comfortably accommodates 2 people but due to its design and setup, is not suitable for young children. If you’re looking for an extended stay, feel free to message the host! At $38/night, you shouldn’t even be hesitating.

High-floor modern apartment with incredible views

Price: $47/night

Welcome to your homely suite smack in the center of the action at Bukit Bintang. This suite is fully furnished, ensuring your stay, be it for work or leisure, is as cozy and comfortable as it can be.

Your stay includes a double bed and a floor mattress (upon request) with high-quality pillows, a comforter, and bedsheets. High-speed wifi is included to stream your favorite shows or get some work done uninterrupted. For your convenience, there’s also a washing machine and dryer, complete with detergent, so you can pack light.

If you feel like taking a swim, head to level 6 where you will find a swimming pool, wading pool, and even a gym. There’s also a kids’ playground, sauna, and squash facilities. And if you’re in the mood for an even better view, check out the rooftop infinity jacuzzi pool at the North Tower on the 42nd floor.

And the best part? You will find yourself just a 3-minute walk from Pudu Sentral Station and a stone’s throw away from local restaurants and nightlife. Pavilion Shopping Centre is only a 10-minute monorail ride away.

Clean & safe modern studio great for staycations

Price: $58/night

Next up, we have this studio apartment nestled in KL’s heart, right next to the Royal Selangor Golf Course. This air-conditioned studio offers a breathtaking view of the iconic Petronas Twin Towers.

As you step in, the kitchen space, equipped with a fridge and all the utensils you need for a light meal, welcomes you. The open-concept living area is roomy, featuring a cozy 2-seater sofa and a queen-sized bed for a good night’s rest.

The attached bathroom comes with a rainfall-style shower and basic toiletries. And if you’re planning to stay for a while, be glad to know that there’s a washing machine, clothes-drying rack, and ironing board. There’s also a wardrobe with hangers for all your clothes.

If you book yourself a stay here, you will find yourself just an 8-minute walk from the Tun Razak Exchange (TRX) MRT station. The Pavilion Kuala Lumpur Shopping Centre is a 15-minute walk away, and if you have a medical emergency (choi!), the nearest clinic is just an 8-minute walk across the road.

Sprawling city views from a streamlined studio

Price: $73/night

Last but not least, we have this studio which is quite the find, being larger than most 5-star hotel rooms in KL, yet priced affordably. Fitted with chic hardwood floors, textured walls, and floor-to-ceiling windows, it promises a city view that will take your breath away.

You will be greeted by a modern sofa, perfect for curling up with a book. The kitchen, decked out in soapstone, is ready for you to whip up a quick breakfast, and you can enjoy your meal under minimalist light fixtures that add a touch of elegance. But ah, remember, only light cooking is allowed, yeah.

The living area has a 3-seater sofa and a 43″ smart LED TV, perfect for a chill night in. With high-speed internet, you can work remotely or stream your favorite shows with no lag. The studio comfortably accommodates up to four guests, with a king-size bed and two additional floor mattresses.

Now, let’s talk about the facilities. You get free access to swimming pools, a gymnasium, a rooftop garden, and even a squash court (remember to book in advance). Want to have a barbeque party? You can do that at the BBQ deck (extra charges apply).

In terms of location, they couldn’t be more central. You will be minutes away from shopping and eateries. Iconic landmarks like the Petronas Twin Towers and Merdeka Square are also nearby, and you’re just steps away from monorail and LRT stations.

So there you have it, folks! Four amazing Airbnb Plus homes in KL, all featuring stunning views and all under $75/night. Hard to believe it, right? It’s such a steal! Each one is unique, has its own appeal, and offers a different perspective of the city. Most importantly, they all guarantee a comfortable stay without burning a hole in your pocket. Time to pack your bags and experience KL from the skylines. See you in Malaysia!