Why having some form of debt is not always a negative

a miniature house with a key

You’re not alone in feeling bad about being in debt.

Many people struggle every day with the weight of their debt. But what if we told you that debt doesn’t have to be a bad thing?

Believe it or not, there are benefits to having some form of debt. Below, we will outline a few of the more significant ones. We hope this information will help you see your debt in a new light and give you the strength to face it head-on.

How debt can be beneficial

Many people feel guilty for being in debt.

They see it as a negative thing as if they’re doing something wrong. But having some form of debt is not always a bad thing. In fact, there are many types of “good debt” that can help you build wealth or increase your income.

For example, student loans can be a good form of debt because they can help you get an education that will lead to a better job. Mortgages can also be seen as okay because they can help you buy a home that will appreciate over time.

So don’t feel bad if you’re in debt. It’s not always a bad thing. Just make sure that you’re only borrowing money for things that will benefit you in the long run.

Ways to manage debt

One way to do this is by checking your credit report. This will help you understand where you stand and what opportunities are available to you.

Another thing you can do is contact your creditors before the debt collectors become involved. This can help you negotiate a payment plan that works for both of you.

Tips for using debt wisely
pay debt on a note pad

Image Credits: unsplash.com

First, make sure that you have good debt—debt that helps you reach your financial goals. For example, investing in projects with a high return can be a good use of debt.

Second, focus on paying off high-interest debt first. This will help you save money in the long run. Finally, remember that debt can open doors and opportunities. So don’t be afraid to use it wisely to reach your goals!

What to do if you feel overwhelmed by your debt

If you’re feeling overwhelmed by your debt, there are a few things you can do to get back on track.

First, try to change your debt-related mindset. Yes, it’s wise to be smart about your finances and not spend more than you can afford, but some debt is unavoidable. And it’s not necessarily a bad thing—a lot of people use debt to finance big purchases like homes.

Second, you can consolidate your high-interest debts into one low-interest loan. This will save you money on interest and make your monthly payments more manageable.

Finally, make sure you’re tracking your monthly spending so you have a better idea of where your money is going. This will allow you to make smarter financial decisions and ensure that you’re not overspending.

The fact is, debt is a part of life for many people. And contrary to popular belief, having debt doesn’t mean you’re irresponsible or that you’re headed for financial disaster. There are a lot of misconceptions about debt out there, and a lot of people feel guilty or ashamed for being in debt. But the truth is, there’s nothing wrong with having some form of debt. So don’t feel bad. Just focus on paying off your debt and improving your finances as you tread along.

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Experience Singapore’s most powerful 5G network and FREE $5 Ya Kun voucher with Singtel Prepaid

Sick and tired of laggy calls and snail-speed downloads?

Want access to the most powerful 5G network? Often travelling to and from Malaysia and need abundance of data roaming in Malaysia. Singtel Prepaid’s got us covered with its 5G Ultimate Plan. Best of all, there is no pay-per-use charges and no bill shock with prepaid option. Plus, enjoy FREE $5 Ya Kun meal with every 5G $40 or $35 Ultimate Plan top-up!

Enjoy these 5G benefits with Singtel

  • Steady calls everywhere you go.
  • High-quality music, video calls and movie streaming.
  • Better defense when using your phone to send money or make purchases.
  • Experience 2x faster response times with less loading and waiting thanks to 2x reduced latency.

Not 100% convinced? Here’s what else you can do with the power of Singtel 5G:

  • Utilize virtual reality to enjoy live music like never before.
  • Make latency-free video calls that are incredibly seamless.
  • Download 4K videos at lightning-fast speeds in only a few seconds.
  • Use Augmented Reality (AR) to expand your horizons and try out new realms.
  • Gaming that is incredibly responsive and lag-free to give you an advantage.
  • With incredibly steady coverage, you may live stream events wherever you are.

$35 and 5G $40 Ultimate Plan

Top up on hi!App (www.singtel.com/hiapp) or authorised prepaid retailer, Singtel Shop, 7-Eleven or Cheers.

5G booster add-on at only $5!

You can also choose to upgrade your existing data plan ($15 or more) to a 5G network with 10x faster speeds. 5G booster add-on is exclusively available on hi!App (www.singtel.com/hiapp).

FREE $5 Ya Kun Voucher with every $35 or 5G $40 Ultimate Plan top-up!

And before you go, every $35 or 5G $40 Ultimate Plan top-up is entitled to receive a FREE $5 Ya Kun meal voucher, while stocks last.

So, what are you waiting for? For more information on Singtel 5G Prepaid, click on the link to find out more. See you on the surf side!

 

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Road to success: How to avoid common virtual interview blunders

woman having a virtual interview

While a virtual interview is (almost) just like a regular interview, there are a few things you should keep in mind to make sure your interview goes smoothly.

Preparation is key for any interview, and that’s especially true for virtual interviews. Below are some tips to help you avoid common blunders and make the best impression on your interviewer.

Tech problems: What to do in case of technical difficulties

First, request to call the interviewer back later. Simply explain the situation and ask for a few more minutes to fix the issue.

Your second option is to send an email explaining the situation. This is a good choice if you’re having trouble with your internet connection or with your laptop itself.

Most hiring teams will understand video interview issues, but it’s always best to be proactive and let them know what’s going on. That way, you can demonstrate your problem-solving trait.

Finally, always give yourself plenty of time to set up a video meeting. This will help eliminate any tech issues and ensure that your interview goes as smoothly as possible when the time arrives.

Dress code: What not to wear

You should still dress like you would for an in-person meeting.

Wear pieces that make you feel confident and comfortable and steer clear of anything too tight or revealing. No loungewear, please! You want to look polished and professional.

Preparation: Not being ready
messy workspace

Image Credits: mcjanitorial.com

Sitting in a messy room or distractions in the background are definite no-nos. And one of the worst things you can do is stare into blank space when your interviewer speaks. It makes you look uninterested.

Interaction: How to ace the virtual interview chat

When it comes to nailing the virtual interview, interaction is key. After all, the whole point of an interview is to get to know each other, and that’s a lot harder to do when you’re not in the same room.

Here are a few tips to help you make the most of a virtual chat (without video):

  • Pay attention to your body language. Although they can’t see you, sitting up straight can get your brain into the right zone.
  • Ask questions! This is your chance to get to know them too, so don’t be afraid to ask about their experiences with the company, or what they think makes it special.
  • Make sure the interviewer has finished their question before answering. There’s nothing worse than jumping in before they’ve had a chance to finish, and it can make you seem like you’re in a hurry to end things.
Aftermath: How to follow up after your virtual interview

Sending a thank-you email after your virtual interview is a must.

But don’t just send any template—take the time to personalize it and make it specific to the organization you interviewed with.

In your email, reference something that you discussed during the interview and emphasize how excited you are about the opportunity. This will not only show that you were paying attention, but it will also demonstrate your interest in the company.

It’s also a good idea to include any additional information that you didn’t get a chance to mention during the interview. For example, if there’s something in your resume that you didn’t have a chance to discuss, this is an opportunity to bring it up.

Finally, end your email by expressing your appreciation for the interviewer’s time and restating your interest in the position.

So, remember these key tips when preparing for your virtual interview, and you will be on your way to acing it! By following the abovementioned tips, you will avoid any embarrassing gaffes and put your best foot forward. And, who knows, you might just get that job offer you’re hoping for. Best of luck to you!

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Weighing the benefits of infant care/playgroup vs. parenting at home before nursery

infants having a lesson

When it comes to deciding whether or not to send your child to an infant care/playgroup, the options can feel endless. 

Hopefully, this article will help you make an informed decision that works best for your family.

Benefits of infant care/playgroup

Spending time in a preschool allows your little ones to interact with adults and peers, which helps to increase their social skills.

Kindergartens also offer a structured environment that helps children learn and grow. They provide a safe place for kids to explore and learn about the world around them.

In addition, children who attend school have stronger immune systems, which makes infant care/playgroup an attractive option for parents who are looking for a place to care for their kids while they work.

Caregiver-child ratio in infant care/playgroup

One of the most crucial factors to consider is the caregiver-child ratio. This is the number of children each caregiver is responsible for.

Ideally, the caregiver-child ratio in infant care should be 1:5 and 1:8 for playgroups. This allows for enough one-on-one time with each child and ensures that they’re getting the attention they need.

However, some facilities may have a higher or lower ratio. Make sure to ask about this before you enroll your child.

Common concerns about infant care/playgroup
an infant care facility

Image Credits: bykido.com

Is sending your child to an infant care/playgroup the right decision for your family? Here are some questions to consider:

  • What are the daycare hours like?
  • Do the facilities look safe for children?
  • How often are meals and snacks provided?
  • What is the cost of care, and are there any discounts for siblings?
  • Are parents allowed to visit at any time, or is there a specific window during which visits are welcome?
  • How often do parents receive updates about their child’s day, and what methods are used to send these updates (app, website, emails, or a handbook)?
Importance of bonding with parents in early childhood

You might be wondering about the significance of bonding with your child in their early life.

And it’s a valid question—after all, you’re considering sending them to infant care, so it’s natural to want to know if there are any benefits to being around them more often during this crucial time.

Bonding with your child releases hormones and chemicals that foster brain growth. So yes, bonding with your child is important for their development. But that doesn’t mean you have to be with them 24/7.

So, what’s the verdict? Is infant care/playgroup necessary or can parents care for their child at home effectively? Well, it depends. Some parents feel they need a break from the constant caregiving that infant care/playgroup provides, and others find that the arrangement allows them to get work done during the day. Some parents find that infant care provides their child with a wealth of social opportunities, while others find that their child thrives best when they are at home. Ultimately, the decision comes down to what works best for the individual family and your financial leeway.

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Avoid Wasting Your Money on These CNY Items

In the Singapore calendar, Chinese New Year (CNY) is one of the most awaited events. The Lion City is hopping with excitement in anticipation of the festivities ahead. To save money when celebrating the first day of CNY on January 22, please remember not to waste your money on the following items.

#1: PURCHASING EXPENSIVE DECORATIONS

Making your own decorations should not only be reserved for preschoolers. If your home looks attractive to the hungry ghost, start brightening up the place with a few vibrant red decorations. These CNY decorations do not need to be brand new. You can recycle old red packets and revamp your last year’s CNY decorations. To recycle your old red packets, you can follow this video tutorial:

#2: BOOKING HOTELS LATE

Long queues will flock Changi Airport the evening before CNY. As Singaporeans are desperate to make the most of the long weekend, many people have booked their air tickets in advance. If you have not already booked your air ticket or your hotel stay, you are sure to pay ridiculous prices. Moreover, some tickets or rooms may be sold out. Save cash by opting for a three-star hotel or a local day tour instead.

#3: STOCKING UP ON SEASONAL PLANTS

Whether you are looking forward to peonies or kumquat plants, stocking up on seasonal plants can add up. These seasonal plants carry higher price tags as the CNY approaches. Channel NewsAsia reported that the price hike is due to bad weather conditions, transportation constraints, and increased labor costs.

#4: BUYING OVERPRICED GOODIES

Your guests look forward to eating bak kwa, cornflake cookies, and pineapple tarts during the party. However, these goodies are more expensive as you get closer to January 22, 2023. Since CNY goodies are available throughout the year, it is ideal to buy them in advance.

Image Credits: unsplash.com

#5: THROWING DINNER PARTIES

Family is at the heart of Chinese culture, which is never more apparent than with the CNY reunion dinner. The best-case scenario is to have a relative who can accommodate the entire clan in their home. Otherwise, you can try your best to book a few tables at a Chinese restaurant nearby. Expect insanely inflated prices at restaurants during this time.

If these dinner parties are a yearly affair, you would save more money by booking at least 12 months in advance.

#6: WEARING NEW RED CLOTHES

With change being a prominent theme during Chinese New Year, it is believed that wearing brand new clothes on the first day of the new year is symbolic of making a new start. Whether you opt for traditional clothing like a qipao or tangzhuang, or a contemporary smart casual outfit, the most important thing to consider is color. Red is the color of choice for many during CNY.

Wait for the sales to hit to purchase your new red clothes to save more money. Alternatively, you may re-style your old CNY clothes or wear them in a different way. You can add accessories or pair your red blouse with a patterned skirt to create a flowing dress.

Sources: 1 & 2

 

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