7 Ways To Make The Most Out Of Your Weekend

Who says you need to break the bank to have an awesome weekend? Here are seven weekend ideas that you can dive into:

1: CREATE A SCAVENGER HUNT

Spice up your weekend by creating an exciting scavenger hunt. Start by gathering group of people in one area. Then, divide the group into two. Act as the game master who will hide all the items around the vicinity.

Add an exciting twist to your scavenger hunt by letting each player bring a unique item related to a given theme. For instance, you may have a BTS-themed Scavenger Hunt complete with all the BT21 collectibles! Set a timer and enjoy the hunt. A friendly competition never hurt anybody!

2: VOLUNTEER TO BABYSIT

Parents, admit it! You all need a break every once in a while. Not to mention, many single parents hardly ever get a chance to unwind. This is why most of them would jump on a chance to let someone babysit their children for a day.

If you are passionate about taking care of kids and being surrounded by them, consider volunteering to babysit for a friend or a relative. Spend the day by doing arts and crafts or by visiting the nearby playground.

3: SHOP AT FLEA MARKETS

Expand your wardrobe without breaking your budget by investing in sustainable fashion. Fortunately for you, Singapore has a wealth of flea markets with items selling for as low as S$2.

Begin your search by checking out the Fleawhere and The Luggage Market. Fleawhere is a market organizer known for its regular flea parties at Lucky Plaza. In fact, it will be holding the 7th edition of the “Daebak Sale” this June 29 (Saturday). The Daebak Sale offers affordable items from your favorite Instagram Influencers. All items are under S$12! Check out www.fleawhere.com for more details.

Let us move on to The Luggage Market. As the name suggests, you will be greeted by a huge sight of vendors carrying luggages. These luggages are filled with preloved clothing ranging from S$2 to S$5. These insanely low prices attract crowds from far and wide. Visit the Grand Link Square on a Sunday to check it out!

4: GO ON A WALKING TOUR

See what is beyond the four walls of your cubicle by exploring the great outdoors! Get up close and personal with nature as you embark on any one of the National Parks’ walking or cycling trails.

Feast your eyes as you spot large numbers of biodiversity and hundreds of bird species that most trails provide. Whether you prefer a long seamless walk in a chain of hills or a peaceful cycling experience off the city, there is definitely a suitable trail for you. Learn more about the trails at
www.nparks.gov.sg.

5: MAKE A TIME CAPSULE

Treasure life’s precious moments by creating a time capsule that you will open a decade from now. A time capsule, often put in a small box, houses preserved articles or records of your present-day life. You can either put a polaroid selfie, a piece of clothing, or a heartfelt letter inside. Be as creative as you can when filling it up!

The fun never stops now! Imagine how you will react upon seeing the changes that happened in a span of 10 years.

6: REVAMP YOUR FLAT

There is a way to change your home’s entire look in a snap. You read that right! Simply rearrange the key elements – the furniture and decorations. Try moving the couch to a different wall or a table to a different corner.

You will be surprised to see how fresh a room looks just by moving a piece of furniture into different positions or angles.

7: PUSH STRESS AWAY

Whether you like it or not, stress is inescapable. Use the weekend to freshen up your mind in time for the weekday grind. One of the ways that you can overcome stress is by practicing the basic meditation technique. Best of all? It does not cost a cent!

Watch this short video to know the essential information on how to meditate:

Sources: 1 & 2

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Boost Your Financial Life By Creating A Reverse Bucket List

Whether you want to lead a simple life or an extravagant one, having financial goals gives you direction. It steers your focus on the things that you want to achieve at a particular time-frame. It has the power to make you more hopeful about the future.

However, having financial goals may not work for everyone. You see, others can get frustrated upon seeing the milestones that they have not achieved yet. Do not worry! There is a solution. Look at the brighter side of your financial life by creating a reverse bucket list.

What is a reverse bucket list exactly? For starters, it is a list of goals and achievements that you have already met. Apply this ideal to your finances to reap its benefits.

REVERSE BUCKET LIST HIGHLIGHTS PATTERNS

Creating a reverse bucket list gives you an opportunity to pinpoint your spending and saving patterns. Use your observations to improve your financial circumstance.

For instance, you may notice that most of your spending falls under skincare and cosmetics. Consider signing up for Sephora’s loyalty program to maximize your discounts. Alternatively, you may indulge in the affordable homegrown products brought by Shophouse Sixtyfive and Katfood. Shophouse Sixtyfive sells handmade lip balms infused with essential oils, vitamin E, and plant extracts. What’s more? These balms, such as Sir Stamford (S$9.80), have a local twist too.

Now, let’s move on to Katfood. Its playful name says a lot about its interesting background. You see, Katfood aims to create beauty products out of ingredients that you can actually eat. Everything is handmade with no preservatives and are infused with organic and raw elements. Its Cuckoo For Cocoa Dry Shampoo ($13.90) includes ingredients such as coconut flour and cocoa powder.

REVERSE BUCKET LIST MARKS YOUR MOTIVATION

Whether you like it or not…setbacks happen. You cannot be fully in control of your finances all the time. This is where motivation comes in. Motivation propels you to continue on this journey.

Seeing the list of financial achievements you have cemented will transform your motivation into manifestations. You will remember where it happened, why it happened, and how it happened. Making this list will enable you to see your financial situation realistically.

Image Credits: pixabay.com

As I said, you will experience some obstacles along the way. These obstacles do not reflect your financial capabilities or intelligence. Instead, these are merely challenges that you need to learn from. Keep moving forward!

Source: Wisebread

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How To Make Money While You Sleep

What is your idea about passive income? For most people, passive income provides an opportunity for freedom and independence. It gives an escape from our 9-5 jobs that occupy most of our week.

There are different ways to generate income while you are “sleeping”, here are just some of them:

START A BLOG

If playing with words comes naturally to you, you may find passion in writing. Establishing your own blog is quick and easy to do. Simply purchase your own domain or create your own website at no-cost thru website builders such as Wix.

Equipped with your glistening blog, you can either sell your stuff or share your expertise to earn some legitimate cash on the side.

CONSIDER P2P LENDING

Let’s face it! Banks do not lend money out of sheer kindness. They do it because it is profitable. Get a taste of the action by joining P2P websites, which allow companies from around the world to loan money from private people.

P2P Lending is highly attractive to both the borrowers and the lenders. Firstly, P2P Lending loan qualifications are more relaxed than that of given by the banks. On the flip-side, lenders can reap the benefits of up to 20% per annum.

INVEST YOUR MONEY

If you have money to spare, consider investing your funds to grow your nest. Let the company work for you as you receive dividends from them. Directly owning a stock in a company or through a fund enables you to receive dividends. A dividend is a cut of a portion from a company’s profits.

Image Credits: pixabay.com

The amount of money you receive depends on how much stock you own and how much profit there is to divide. Ultimately, the rewards that you will receive are decided by the board of directors. Do prior research before committing to a company.

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How To Deal With 3 Divorce-Inducing Money Issues

In the hustle and bustle of the city life, Singaporeans are exposed to the high economic pressures. What makes this concrete jungle thrive? Money, of course. Putting matrimony into the mix makes things more complicated.

Managing money is a complex task fraught with emotion. It is natural that conflicts can arise from time to time. To keep your marriage and finances in tact, open communication and teamwork are essential. If only more couples are having regular conversations about money issues before and after walking down the aisle then, we will less likely to have divorces.

MONETARY IMBALANCE

What will happen when there is a massive earning gap between partners? Or, when a spouse comes from a wealthy family and the other came from humble beginnings? More so, living in a single-income household is not uncommon. Sometimes, the imbalance between two people creates power play.

When power play occurs, the person who earns the most dictate the spending habits of the other. He or she will have personal spending priorities in mind. The other partner simply complies.

Handling this situation is tricky. You can either make a pre-nuptial agreement or open a joint account. Nonetheless, marriage should be founded by cooperation in all aspects.

OPPOSING PERSONALITIES

In the list of reasons why couples divorce, money is among the top answers. Friction brought by money can be due to the opposing personalities of two people. Personality towards money plays a vital part in a couple’s marital bliss or the lack thereof.

Imagine living 24/7 with a hoarder when you are a spender yourself. Or, living with someone who is a risk-avoidant when you are a risk-taker yourself. To the extreme, you may live with someone who believes that the person who dies with the most money wins. These opposing personalities can be mediated by empathy. Walk in the other person’s shoes to understand where he or she is coming from. You may also adopt your spouse’s money habits for a month to see how it works. Paying attention to money habits before and during matrimony can be beneficial. Talking about your financial views and feelings can help put both of you at ease.

OVERWHELMING DEBT

From school loans to shopping addiction, many people come to the altar bearing a financial baggage. If one partner has an outstanding mountain of debt and the other does not, this situation can spark a conflict.

In such situations, people often take solace in knowing that debts are not carried over thru the marriage. However, it is understandable to share the responsibility over housing and child care debts.

Knowing what you are getting yourself into can help you decide how to deal with it. Both partners have to be honest and non-judgmental when discussing about their financial habits and bad records. Apply several payoff strategies soon after. And, seek professional help when needed.

Sources: 1 & 2

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Personal Finance Tips for Rookies that Will Help You Save

Like most people, you are searching for the best way to fall on the right money management track. Falling behind your money-saving goals can feel discouraging, but it’s never too late to start learning some money-saving strategies. Throughout our lives, the relationship we have to money is dynamic. We have different needs and different spending habits. If you were never paying attention to your money-making and money-spending habits, this is the right time to start.

To organize your strategy, follow the tips below. They have been tested and proven to work on multiple occasions.

Keep a closer eye on your expenses

You know how much money enters your accounts monthly, but are you fully aware of how much you spend? Keeping a closer eye on your expenses will help you identify areas where the money is spent unnecessarily. You want to know how much money you spend monthly, and you want to keep tabs of your expenses. If you’re reluctant to keeping tabs manually, consider downloading one of the numerous expense trackers online. Alternatively, you can create your own expense spreadsheet.

Still, tools like Mint.com or Tink are amazing starting points in your expense tracking journey.  Some apps can even offer you small synopsis of your spending patterns. With all that information, you will be able to make better money-management decisions in the future.

Keeping track of your expenses also helps you prevent further expenses. If you can’t differentiate between wants and needs, picking up this habit can help you.

Have a budget plan in order

Once you get deeper insights on your money spending habits, you can start to outline a budget plan. Monthly budget plans will offer you a clearer idea of how your financial situation will look like in different stages of the month. When you notice discrepancies between your plan and actual budget, adjust the first. This will ensure you are in touch with the financial reality of your household, not the theory in your plan.

To outline an accurate budget plan, include your fixed monthly expenses: utilities, cell phone bills, car insurance, rent, or mortgage payments, and so on.

Take into account variable expenses, as well. Things like gas, personal care items, and one-time expenses are also important when creating a monthly budget plan.

Don’t forget about your savings account! If you don’t have one, this might be the perfect time to open one!

Establish a clear list of financial goals

Without clear financial goals you want to achieve by creating better financial habits, you are unlikely to work things out. Your financial goals can be anything, from saving up for a home down payment to paying off a debt, to saving up for a car or for a retirement fund.

Maintaining a clear list of goals will make you focus more on achieving them. It will also help you handle your finances more carefully. Being fully aware of your financial goals will also contribute to making better financial decisions. You will be more balanced between your spending and saving habits, and you will be more motivated to find extra income streams.

Invest

Investing is a clear way of making extra money. When the money coming from a single income source is not enough to pay your monthly expenses and saving, additional streams of income can help. Financial advisors come with several investment suggestions that are proven to work. The most efficient seems to be Forex trading. Before starting your trading journey, research Forex low spread brokers. As expert traders explain, they are the most advantageous for rookie traders. Low-spread brokers are those offering the smallest difference between the Bid and Ask price. This means you can buy currencies at lower prices and sell them for higher amounts. The benefit of choosing such brokers is obvious here. Your profits will be higher, in this scenario.

Have an emergency fund

Financial emergencies are not pleasant, but they can appear at all times. Having an emergency fund for such situations will help you keep your savings untouched. Medical visits or car emergencies involve huge amounts of money.

Establish how much you want to put in your emergency fund. This will only depend on you and your financial abilities. However, the more you put in this account, the better. According to financial advisors, those who still struggle with debt should aim to have at least $1,000 in their emergency fund. Others claim that you should have at least 3 to 6 months of your living expenses in your emergency fund. It mainly depends on your ability to save so much or not.

Try to figure out how much your household is comfortable with saving for this purpose. Saving something, no matter how little, is better than finding yourself without any money in emergency situations. For the beginning, set aside $5 or $10 for emergencies, weekly. If you’re comfortable with it, increase the amount periodically.

Prioritize expenses

All people have to prioritize their expense. Ideally, your spending habits should align with your values. Do you care more about buying a new kitchen appliance, or about your summer vacation? Pick between the two. Apply the same principle to all your expenses, and you will be more likely to save money, in the long run. Apparently, financially well-off people seem to value more experiences over physical things. You could try to implement the same strategy. Because new physical things appear frequently today, obsessing over them will only lead to higher expenses. Prioritizing experiences and things that bring happiness, in the long run, is more rewarding and less expensive.

These are the basic ideas and tips recommended for people who want to save some money but are not as experienced in the matter. Your money-saving journey can begin today. It’s never too late to pick up healthy money management habits. Go at your own pace and you will be more likely to succeed. Avoid letting external pressure guide your decisions and only make those moves you are comfortable with. Of course, the rest of your family should follow your lead. Saving money as a family is more effective but it can also be more difficult to manage.

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