MoneyDigest - Personal Finance, Lifestyle, Money Saving Tips

Golden Rules Of Gift-Giving

One of the most pleasurable pursuits associated with any special occasion is the act of gift-giving. While some gifts can evoke positive emotions, others can come across as inappropriate. The following etiquette rules will help you avoid the common gift-giving mistakes.

RULE #1: RECOGNIZE YOUR HOST

When you get invited to someone’s home, it is a delightful gesture to bring a token of appreciation in exchange of the invite. Recognize the efforts that your host has poured to this special day. This token should not be extravagant! Simply bring a bottle of wine, a bouquet of flowers, or a box of doughnuts. Any gifts that are appropriate to the holiday’s theme will suffice too.

RULE #2: TAP INTO YOUR CULTURE

Singapore prides itself as a country practicing racial harmony. Hence, you may be invited to selected holidays that you do not usually celebrate. Keep in mind that not all cultures celebrate a particular occasion in the same way. So, do your homework before purchasing a gift. What is appropriate to give in a Traditional Chinese wedding may not be necessary in a Malay wedding.

RULE #3: EXTEND YOUR SINCERE GRATITUDE

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What should you do when someone gives you a present and you do not have anything in return? For starters, you shall not dwell on the fact that you do not have a gift for him or her. Instead, focus on showing the person that you appreciate this gesture. Extend your sincere gratitude by sending a thank you note or by sending a gift at a later date.

RULE #4: NO NEED TO RECIPROCATE

Most of us are compelled to provide someone with gift of equal value. This can be a trap since value is not easy to assess! When giving presents, you should ideally spend what you feel comfortable with.

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Remember that the thought that goes into a gift is the most important thing. A Do-It-Yourself gift can be a great option that not only provides a cheaper alternative, but also speaks volume about your love.

Sources: 1 & 2

Hunt For A Roommate While Keeping Your Sanity

With the soaring property rates, shared accommodation has become more and more popular in Singapore. Living with roommates is an economical choice, which is often necessary. However, living with someone else is complicated. You need to strike a balance between different personalities and accept the differences in living habits. It may be challenging at first, but you will get the hang of it.

To help you keep your sanity, here are three “roommate hunting” tips:

THE SELECTION PROCESS

They say that prevention is better than cure. Prevent personality conflicts from brewing by choosing a roommate carefully. Get to know the person or people that you are moving in with before you make a decision. Are your living habits compatible to the other tenants? Make sure that you like the space for what it is.

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Alternatively, you may visit websites that offer information about your potential roommates. For instance, Easy Roommate lets you upload a profile of yourself and contact some possible roommates. Its search feature can easily provide you an idea of the desirable locations and its local amenities. Give it a try!

THE SHOWDOWN OF EXPECTATIONS

Whenever two or more people are interacting on a regular basis, conflicts are bound to happen. Whether you are settling with your partner or sharing a room with a friend, that is just how life goes. When this happens, remain calm and deal with the conflict in a healthy manner. Discuss the matter with him or her and reach a compromise.

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Manage your expectations by clearing everything out. If you need or want something from your roommate, you must speak up. Setting up rules and expectations earlier on is the best thing to do.

THE SERIOUS TALK

You must talk about management of space in the beginning of your relationship with the roomies. Many people assume that they can leave their items in a shared space, while others find it annoying. Others are happy to share their food in the common fridge, while most people demand permission. Some people may be okay with you walking in when the door is unlocked. However, others would appreciate a knock before opening a door. These are just of the differences that you may encounter.

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So, establish your needs and wants regarding space and encourage others to do the same. They shall reciprocate the amount of respect you give.

How To Get The Most Out Of Your Pricey Perfume

Whether you are attracted to musky or floral scents, your perfume is your signature. Get the most out of your money by lengthening your perfume’s longevity. Here are seven tips to help you in your quest.

1. KNOW WHERE TO SHOP

Saving money starts with shopping for perfume at bargain prices. A list of top places to raid will not be complete without mentioning Mustafa Centre. Mustafa Centre offers an array of product selections. If you are buying fragrances in bulk, go to Level 1. There, you will find different fragrances, household items, books, cosmetics, electronics, shoes, watches, and so much more.

Most people go to Mustafa to shop in bulk due to its competitive prices. This way, they had increased their savings.

2. THRIVE IN THE DARK

Some things thrive in the dark. Extend the privilege of going “incognito” to your fragrance. By storing your perfume in dark and cool places (e.g., inside cabinets or shelves), you are ensuring its longevity. Exposing your products to heat and humidity can break down its components. So, avoid damp or warm places such as your bathroom.

3. FOCUS ON PULSE POINTS

Let me take a quick moment to enlighten you about pulse points. Pulse points highlight the areas where your blood vessels are the closest to the skin. Heat activates the perfume. Thus, the pulse points on your body are the best places to spritz a scent due to the warmth of your blood. Choose two target areas to which you can apply your scent on.

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Do not over do it! Personally, I prefer putting some on my wrists and on the back of my knees. The aforementioned warmth shall aid in evaporating the alcoholic carrier that most perfumes come in. Moreover, it will help release the fragrance more effectively.

4. PUT SOME PETROLEUM JELLY

Pure petroleum jelly such as Vaseline seem to be a holy grail for many beauty enthusiasts. It can be used in lash extensions, lip balms, and fragrances. Yes! You read that right. You can make your scent last longer by rubbing this product on your pulse points before spraying a layer of perfume on top. This quick hack will only use a minute of your time.

Perfume gets stronger when put on “oily” skin. It works by trapping moisture of your skin and by trapping the alcohol-based scents.

5. CHOOSE THE WOODSY BASE

Perfumes are made up of notes, which are separated into three layers: top, middle, and base. The top note is the first scent that is activated upon spraying the fragrance. It typically fades away in a minute. Then, the middle or heart note will stay for a longer period of time. When both notes evaporate, the base note shall remain.

For a better staying power, stick to perfumes with woodsy base notes. Scents with citrus base notes tend to disappear the fastest!

6. SPRITZ IT ON YOUR BRUSH

Whether you believe it or not, your hair has the ability to trap scents better than your skin. Spraying some of your signature scent on your hair will help it linger throughout the day. I am not saying that you must directly apply the perfume on your scalp. I, for one, have a sensitive scalp. Instead, you must spray it on your hairbrush and wait for it to dry up.

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Comb the smell through your hair strands. Doing this will still distribute the scent evenly and will minimize the contact of alcohol to your scalp.

7. BONUS TIP: STOP RUBBING THE SCENT ON YOUR WRISTS

Rubbing the scent on one’s wrists and distributing it on the neck is a typical move that your mother or grandmother employs. Stop doing this! Rubbing your wrists together forces the top notes to break down. The scent will disappear at a faster rate. Please, just let your perfume sit.

Sources: 1 & 2

The Influence Of Asia On The World Of Cryptocurrencies

Despite being decentralised online payment systems, there are various countries across the globe adopting these cryptocurrencies and sky-rocketing them to the rate of growth and development we’re seeing today. While the USA, South Africa and the UK sit quite prominently within the industry, there are a huge number of Asian countries either catching up, or dominating completely. From China’s ever-changing regulation, to South Korea’s outright ban, the greatest and most prominent countries within the continent are proving time and time again to make quite a substantial difference – the question is, how?

Japan

Japan’s crypto success arguably came when China imposed a ban on cryptocurrency withdrawals. This saw the BTC JPY exchange rate start to raise in a relatively strong upwards curve until the crash in price after the December 2017 high and has since turned more and more businesses within this innovative hub to either utilising blockchain technologies, or accepting Bitcoin and cryptocurrency payments. There has even been recent speculation that future economic booms could either involve, or be thanks to cryptocurrencies and the decentralised technologies that power them. Whether this is ultimately the outcome is a matter of keeping a close eye on changing focuses in the technological and financial industries, but it’s certainly proving an interesting road to take.

China

China has always been notorious for reducing and restricting the development of anything potentially out of government control and as a digital coin with no centralised system to control, cryptocurrencies were certainly in their line of sight. Despite having initially held one of the biggest markets across the world for cryptocurrency trading and mining, this isn’t so much the case anymore. After the ban of ICOs and the following closure of various local bitcoin exchanges, their stance in the industry plummeted. However, with a focus on ‘blockchain not Bitcoin’, it might not be the end for cryptocurrency use in China just yet.

South Korea

South Korea has taken a similar stance to China, but seems to be offering a far more mixed view than its larger counterpart. Despite its small size compared to China, a simple speculation that bitcoin could be banned was enough to plummet the price of major coins considerably. However, it still remains unclear as to whether this is going to actually be the case. These rumours certainly hold weight behind them, considering the announcement having been by South Korean officials, but have yet to actually be put into place. Instead, we’re simply seeing more and more Korean exchanges and local businesses starting to consider Bitcoin payments as standard, regardless of potential changes to come in the future.

What Could The Future Hold?

Whether we see global bans on cryptocurrency use or global adoption of a ‘blockchain first’ policy, only time will tell for sure. If there is one thing we have quickly learned from the world of cryptocurrencies, it’s that even the slightest movement or speculation can considerably shake up the industry and as a result, Asian countries focused on FinTech and other technologies have an even bigger influence than you may expect. The future could see unstable governments or economies introducing their very own cryptocurrencies to reap the benefits without the risks, or the simple outright ban and avoidance of all things digital coin.

What do you think?

Single’s Day, Black Friday, 12.12 – What To Expect This Shopping Season?

What is the best time to shop in Singapore? Both researchers and consumers can agree on one thing – it’s the fourth quarter of every year that brings merchants the most profits and shoppers – the most savings. What is so magical about that time of year and why do people get crazy savvy when it comes to shopping in Q4?

Even though you might be hearing the news about the upcoming Black Friday, there is so much more to look forward in Singapore once September hits. Asians seem to be quite fluent when it comes to spending money and saving it at the same time – thus numerous shopping events of which you can take advantage. When does it start and does it ever end?

Numbers tell it all, and they seem to be the prevailing theme when it comes to naming the shopping spree events. The 9.9 in which Lazada and Shopee took part this year broke the season wide open with savings of up to 50%. While the organisers of the Great Singapore Sale extend their event every year to make it last longer, those shoppers who miss their chance can still find something amazing on sale. The 9.9 surely builds up everyone’s appetite for the upcoming shopping days.

With October coming up, the Qoo’s 10.10 Shopping Evolution takes place over a few days, and in 2017, consumers could tap into it from the 9th to the 15th. While shoppers could easily shop at their favourite merchants’ available in the online market square, others visited Plaza Singapura to hear about the latest services from Qoo. Even more opportunities to save money – what’s there not to love?

September and October are just a warm-up before one of the most anticipated shopping events in Singapore – 11.11, also known as Double Eleven or Single’s Day. Originating in China to celebrate the single life, it’s a perfect occasion for people from all walks of life to shop for merchandise of all kind – from small-sized accessories to furniture. Here, in Asia, it’s even bigger than the world-renowned Black Friday with profits of online shops skyrocketing every year.

Up until now, it was the Double Eleven that was a benchmark in Asia but people working behind the scenes of sales promotion at Black Friday.Global say that over 80% of Singaporeans are aware of what Black Friday is. Given the fact that the online and offline footfall increased by 117% in the last five years, it is estimated that fewer people will go to brick and mortar shops and more of them will shop at online ones. The shift can also be observed in the fact that more people are happy to mingle between the two to find the best bargain deals. An average Singaporean is likely to spend S$ 225 on goods like fashion, electronics and beauty.

Black Friday isn’t the end, though. Soon after the post-event emotions go down, there’s one last chance to shop before Christmas. The 12.12 will bring all the biggest merchants in Singapore together in one last major shopping spree. Whether it’s cashback with Shopback or high-fashion spree with Zalora, consumers can use this opportunity to shop their way into Christmas oblivion.

If there is anything we have learned in the previous years it is that it’s never too late to turn your consumer-mode on and that there is always a promotion waiting at one place or another. The savviest shoppers can use their acumen to save thousands of dollars a year and enjoy the fabulous life. Shopping events bring benefits not only to us but also to the economy because bigger profits mean more tax paid to the government. It seems like eating your cake and having it will cost you next to nothing.

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