Confidence can be a massive word for those with low self-esteem. “I don’t think I can do it” is probably an incredibly evocative sentence that urges your mind and body to take flight.
However, as much as we choose not to admit it, it’s impossible to run away from our fears forever. This is why it’s essential to learn how to transit from fear to confidence. Constantly worrying about not being able to do a task right can cripple one’s true abilities at work. That’s the last thing you want to do if you’re building your career!
To accurately weigh the cons of an action, you have to sit yourself down and think through the threats. Ask yourself what you consider to be the worst-case scenario.
For example, you may be keen on running for a new project at work but lack the confidence to give a presentation. You’re concerned with the reactions of people since you don’t identify yourself as a star presenter. Yes, you may stutter and have some inconsiderate colleagues laugh at you. But hey, that first step forward is commendable!
In all honesty, even if you were to get rejected for your proposal, it’s not a big deal. Take the feedback positively and wait for the next opportunity to recommend something. Always remember that no one wins in life all the time. But when you fall, learn how to stand right back up. When life throws you lemons, use them to make sweet lemonade.
Celebrate small wins
Image Credits: medium.com
We’re sure most of us have played e-games before. Whether on an app or website, have you realised that the first few levels are always the easiest?
This strategy used by game designers is incredibly genius because it’s their way to get you hooked on the game. First, your confidence is boosted from level one since they are absurdly easy to get past. As you get used to the game tools, they slowly get a little harder to navigate.
Using the same methodology, start with small goals that are easy to succeed. If you do not know where to start, speak with a trusted colleague or leader to set little assignments for yourself. When you succeed in those tasks, celebrate! Every small win is praiseworthy, and most importantly, they help build your confidence surely.
Confront your fears like a boss
Do you know that you can reduce anxiety by engaging in stressful activities? To get over your unease, you’ve got to confront your fears like a boss.
That is to say, if you’re afraid of teaching, put yourself in a situation where you have to teach. By doing so, your motivational system will find out that there is actually nothing to fear, and your panic will subside over time.
And, of course, practice makes perfect. Not everyone is born with a natural gift of a particular talent. While some may be charismatically good at public speaking, most people have to devote hours of practice before giving a speech.
Just like how the Chinese saying goes, “台上一分钟, 台下十年功”. If you’ve prepared extensively for that one minute of glory on stage, your effort and confidence will shine through eventually.
Budgeting is not that easy, especially for those who are low-income earners. It can be frustrating when most of your salary goes to your bills. This is why it’s important to know how to be financially responsible. Managing your money is the best way for you to survive and even gain the opportunity to invest in things that will improve your overall quality of life.
This includes investing in our parents’ care options. Indeed, aging can be a complicated process. There are seniors who live with or suffer from medical conditions that require special attention, support, and assistance from equipped facilities. In that case, being the children or the family members that look after them, it’s crucial for us to be financially prepared to help them live more comfortably and happily.
In this blog post, we’ll be giving you tips on how to be financially ready for your elderly parents’ care needs.
Why do you need to invest in senior care?
Saving up for your parents’ care options is important due to many reasons.
For instance, you don’t have enough time to care for them. Maybe you have a family of your own who needs looking after or you have a full-time job to tend to. Or, let’s say you can take care of them personally. However, you do not have the right care facilities in your home or your living environment is not the place for them to get better.
All these factors and so much more are to be considered for investing in senior care services.
There are plenty of senior care options made available such as Nursing Homes, Assisted Living, Independent Living, Memory Care, Respite Care, and In-Home Care. All these are developments made to provide seniors with access to professional nursing care, assistance, and medical care.
How much does senior care cost?
Choosing the right care option for your aging parents can be overwhelming at the beginning. But the best thing you can do is to have them assessed to determine their level of need. Knowing which senior care is best for them will also help you figure out how much budget you will be needing.
To know how much, you need money you need to save up, you first need to know how much you are saving for. It’s important to be familiar with the costs of the various senior care options even when the possibility of availing them for your parents is still far away.
Remember, proper anticipation will lead to less frustration.
Here are the estimated costs of each senior care option:
Nursing homes: Nursing homes are clinic-like senior care facilities that provide professional nursing care 24/7. A higher level of assistance is needed by its care recipients. The rates of Nursing Homes may vary depending on whether your loved one needs only short-term or long-term care and if they’ll be staying in a shared room or private room.
General cost ranges from $1,200 to $3500 per month (if it’s a shared bedroom) and $4,000 to $6,500 per month (if it’s a private single-bedroom)
Assisted Living: Assisted Living facilities offer a wide range of services for the elderly who require less demanding care services. This includes assistance with activities of daily living (ADLs), transportation, daily meals, planned activities, and many more.
General cost ranges from $2,300 to $4,500 depending on the services and facilities availed by the care recipient.
Independent Living: This is the optimal choice for seniors who want to make the most out of their retirement years and require only assistance with more complex day-to-day tasks such as housekeeping, laundry, and others.
General cost ranges from $1,900 to $4,100 depending on the services and facilities availed by the care recipient.
Memory Care: This facility focuses on providing care, treatment, and support to seniors that are living with dementia or other forms of memory impairment. There are various programs instituted to help reduce the progression of their diseases such as therapy and planned activities.
General cost ranges from $2,500 to $5,000 depending on the needs and facilities availed by the care recipient.
Respite Care: This care service is provided to the elderly whose own caregivers decide to take a much-needed break. This was established to help caregivers give importance to their physical and mental health as well.
General cost ranges from $100 to $150 per day.
In-home Care: This is personal care and assistance provided to seniors who desire to remain in their respective homes. Although this sets a more comfortable and familiar environment for them, it does not have the complete set of senior care amenities and features that you would commonly find in actual facilities.
The nationwide cost for this is around $22 per hour.
How to budget finances for senior care costs?
Senior care services may seem to be heavy on the pocket. However, that is the reality. Besides, these care services are a worthy investment (still depending on the care service provider of course) because they will help your aging parents enjoy a more comfortable, secure, and happy life—the kind of life that doesn’t end in suffering or experience further problems.
Here are valuable tips that you can follow to be financially ready for your parents’ care needs:
Discuss budgeting with your parents
Some aging adults refuse to believe that they’ll be needing long-term care, even the ones living with chronic illnesses. Some of them may be skeptical or just do not like the idea of moving into a facility surrounded by strangers. However, you have to make them understand how important this is to them and to you.
Team up with them in terms of budgeting. Surely, some of their budgets will also go into their care needs so it’s extremely essential for all of you to be in the know. This is to discipline them as well and prevent any overspending on unnecessary things.
Be organized. Create a monthly expense sheet.
List your expenses every month. Knowing where your money is going will help you track down every penny better. You wouldn’t end up scratching your head and wondering where a huge amount of your salary flew off to. This will also help you see your budget from a larger viewpoint, making it easier for you to control yourself and the way you spend. Also, teach this to your parents.
Choose insurance policies and plans wisely
Having life and health insurance is very important for every individual. This ensures that you don’t have to worry about expenses if you accidentally pass away or get severely ill. The insurance companies and the money you have invested in them will help you pay for the costs. However, it’s important to choose the right plan that will not be too costly for you. Insurance premiums can be paid for through various installment plans such as monthly, quarterly, or even semi-annually. Assess your cash flow and choose the plan which resonates most with you.
Turn to government subsidies, financial assistance, and schemes
The great thing about this is you and your family alone. The government extends a reaching hand towards the senior community and has implemented various subsidies and financial support towards low-income earners. Furthermore, senior care facilities also have in-house financial assistance that can help lessen the load of your spending. Keep yourself familiar with these programs so that you can apply on behalf of your aging parents.
Set a financial system
Again, learn how to be organized. Manage the inflow and outflow of your funds. As you receive your salary, properly disseminate them in the various bills you have to pay and set aside some of it for your savings and other investments, including your parents’ care needs. This will help you save up a huge budget that you can use to pay for the best kind of care for your parents.
E-commerce became a staple part of our lives due to the aftermath of the global pandemic. Personally, I only understood the Shopee craze in the recent months. Shopee is a Singaporean multinational technology company, which focuses on e-commerce.
For those who are not familiar with Shopee, it is an online marketplace that can be accessed through their website or their app. What separates it from the rest of the e-commerce websites is its interactive platform.
Save more money on your next Shopee shopping by following these tips.
#1: TAKE ADVANTAGE OF SHOPEEPAY
Sometimes, Shopee vouchers may require you to use its digital wallet called ShopeePay. ShopeePay often offers a higher percentage of cashback compared to non-ShopeePay vouchers.
If you are skeptical about using ShopeePay, you can simply transfer the exact amount you need for payment. ShopeePay lets you withdraw the leftover cash back into your bank account directly in case there are leftover funds.
#2: SHOP DURING EVENT SALES LIKE 8.8
For those who are not familiar with the event sales, online marketplaces have monthly sales on dates like 8.8 or 11.11. On top of the regular sales during occasions such as Christmas, you can enjoy discounted items with additional cashback in the form of exclusive Shopee vouchers.
Not to mention, Flash deals also occur during this period. It is up to you to make the best purchase for your family. The August sale is on 8.8, which is Shopee’s National Day sale.
#3: CHECK OUT THE SHOPEE MALL
If you want to invest on authentic products from your favorite brands such as Olay, adidas, or Samsung, you can go to the Shopee Mall. The Mall is a dedicated space that allows its users to request for a free return of product within its allowed period. It has a free shipping option too, which you can get if you meet the shop’s minimum spending requirements.
#4: DO NOT MISS THE FLASH DEALS
Look out for the Flash deals that happen throughout the day. These deals offer incredible discounts with products costing as low as S$0.50. As these are usually hourly sales, you can set reminders within the Shopee app.
Several stores (including big name brands) have constant deals too. Just click the dedicated deals section on the stores’ pages.
#5: APPLY VOUCHERS BEFORE CHECKING OUT
Vouchers replenish daily. Claim your vouchers to your heart’s content. Brands offer exclusive vouchers such as free delivery with a minimum amount of spending. You can follow these shops to get updated. Just remember to avail and apply the free delivery vouchers.
Best of all? Users are allowed to apply multiple vouchers upon check out. Enjoy more discounts when you apply the vouchers. You can claim as early as 12 AM.
#6: COMPARE THE TOTAL PRICES
As I was looking for an arts and crafts activity online, I was mesmerized with the colorful beads in the Diamond painting. Diamond painting is a new arts and crafts activity that fuses the dynamics of Paint By Numbers and Cross-stitch. It uses beads that correspond to numbers or symbols on the canvas. Since I am a beginner, I opt to search for affordable practice kits on Shopee. Two shops offer the cheapest prices. I decided to compare these two by clicking the “Add to Cart” button.
Image credits: pixabay.com
When you sort your results by price, the lower priced items will appear on top. Naturally, you will gravitate towards the cheapest ones. However, you must include the costs of shipping fee. The product price may be cheaper, but it could end up more expensive when you factor in the shipping fee. For instance, I can buy a cheaper Diamond painting kit in an overseas shop, but it will cost me more due to international shipping rates. Some merchants offer lower shipping fee or provide free shipping so, get the total cost of the purchase.
Every family out there is different, and we ought not to compare ourselves to others. But truth be told, single-income families can lead to a heightened amount of pressure on that sole breadwinner.
Carrie Casden, financial wellness coach and president of Summit Financial Management, said, “Quite often, feelings of fear and anxiety stem from… simply perceiving that we’re out of control of our circumstances, and these sentiments can be particularly prevalent when it comes to single-income families.”
Casden noted that families usually have quite a few financial goals they’re aiming for, and that’s okay. However, if there isn’t enough income to put a checkmark beside the various aims, one must learn how to make changes.
Reorder your priorities by keeping in view the items lowest on the list. You can always come back and reassess your financials every quarter of the year.
Be aware of your money views
Image Credits: internations.org
To review your financial anxieties, it’s essential that you’re aware of your views towards money. Here are some questions to ask yourself:
Are you cripplingly frugal or overzealous with spending?
Does a “spend too much” or “don’t make enough” mindset bother you?
Do you tend to avoid talking about money because they make you uneasy?
“There are different ways to reduce anxiety based on the actual issues at hand, which is why I work with clients to help them identify their specific money archetypes to understand the origin of their anxieties and behaviours around money,” said Casden.
Develop a spending plan and track your outputs
Ann James, an accredited financial counsellor and CEO of Financial Freedom Battle Buddies, recommends single-income families develop a spending plan. This will allow individuals to have a sense of control over their money and, in turn, reduce frustrations associated with the unknown.
When it comes to tracking outputs, some of us are experts with the excel sheet. But Dr Elizabeth Dunn, PhD, a happiness researcher, advises us to focus on how purchases make one feel.
“What purchases bring your family joy and which lead to feelings of regret or sadness? Maybe a long and expensive dinner out did not end up saving anyone time, and the regret over spending all of that money on one meal was not worth the spend. But your Hulu or Netflix subscription means the entire family can have a movie night together once a week, and that brings joy to the entire family,” she added.
If you’ve tried the above methods but can’t seem to get around the stress from worrying about money, ask for help.
“Seeking assistance from accredited financial counsellors, credit or housing counsellors, or financial therapists can help alleviate feelings of shame and ultimately reframe an individual’s thoughts and relationships with money,” advised James.
E-commerce became a staple part of our lives due to the aftermath of the global pandemic. Lazada has always been my go-to online marketplace because of its user-friendly interface and its variety of payment options. Lazada Group is a Singaporean multinational technology company, which centers on e-commerce.
Founded by Maximilian Bittner with the backing of Rocket Internet in 2012, Lazada Group is currently owned by the Alibaba Group after its acquisition in 2016.
Save more money on your next Lazada shopping by following these tips.
#1: SUBSCRIBE TO THE NEWSLETTER
Are you new to Lazada? Subscribe to its newsletter to receive instant discount on the site. As a new subscriber, you will be welcomed with a coupon for your first purchase. You can also get access to the latest promotions and receive news of the trendiest products in the site.
#2: SHOP DURING EVENT SALES LIKE 8.8
For those who are not familiar with the event sales, online marketplaces have monthly sales on dates like 8.8 or 11.11. On top of the regular sales during occasions such as Christmas, you can enjoy discounted items during this time.
Not to mention, Flash deals also occur during this period. It is up to you to make the best purchase for your family. The August sale is on 8.8 (August 8 to 10), which is Lazada’s National Day sale.
#3: CHECK OUT THE LAZMALL
If you want to invest on authentic products from your favorite brands such as Philips, Casio, or Lysol, you can go to the LazMall. The Mall is a dedicated space that allows its users to request for a free return of product within its allowed period. You are expected to get 100% authentic products, or you can get your money back. Get two times money back if you get a non-authentic product from the LazMall (T&Cs apply).
#4: DO NOT MISS THE FLASH DEALS
Look out for the Flash deals that happen throughout the day. These deals offer incredible discounts with products costing as low as S$0.50. As these are timed sales, you can set reminders.
Image Credits: pixabay.com
Several stores have constant deals too. Just click on the brands that you love.
#5: APPLY VOUCHERS BEFORE CHECKING OUT
Vouchers replenish daily. Claim your vouchers to your heart’s content. Brands offer exclusive vouchers such as free delivery with a minimum amount of spending. You can follow these shops to get updated. Just remember to avail and apply the free delivery vouchers.
Best of all? Lazada partners with different merchants and credit card issuers such as Citibank. You can spend S$250 to get S$250 back in the form of Lazada and RedMart vouchers when you apply for the Citi Lazada Credit Card (T&Cs apply).
#6: SHOP AROUND
It is important to do your research before purchasing anything from Lazada. Read up on the product you intend to buy to prevent buyer’s remorse. This is especially vital when you are making huge purchases such as home appliances or gadgets.
Please read the product description thoroughly and access the warranty and the customer reviews.
