Why Do People Think That You’re Poor?

Whether it is the way you dress up or the way you carry yourself, people are usually quick to judge whether you are wealthy or not.

I vividly recall the time when my university friend asked me hangout. In our tight group, she announced that I should be given the opportunity to choose the restaurant that night. I was flattered at first until she stressed that I was the “poorest” one. I soon realized that the girl was not a genuine friend. True friends support each other no matter what.

Her perception was influenced by the fact that I did not have a job at that time and was only relying on my parents’ allowance. Knowing how much money an individual makes can completely change your perception of them. As much as you want to deny that money makes no difference in your perceptions, it definitely does!

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People can judge your worth in a variety of ways including these:

#1: WHAT YOU WEAR

It goes without saying that your clothing leaves a lasting impression. In a snap of a finger, a person can determine whether you are a successful businessman or an unemployed student. Flashing your designer bags and watches can give you a heads up!

#2: HOW YOU TRAVEL

In some cases, your form of transportation can send a message about how much you make. People who travel via car are seen as more successful than those people who take public transportation. The same goes for people who travel via business class as supposed to travelling via economy class.

#3: WHERE YOU LIVE

Singapore’s land scarcity has led to living situations such as government housing, landed estates, and condominiums. The last two options are perceived as more lavish than living in HDB flats. Size and location matters!

#4: HOW YOU SPEND

Being frugal may be seen as a poor man’s strategy to survive. Some people feel the need to fly under the radar when couponing. While, others are ready to open their coupon binder and shop. A stranger may perceive your fondness for coupons as a desperate move.

#5: WHAT YOUR FACIAL CUES ARE

A study once compared the faces of different groups that vary per gender and race. As it turns out, the other factors mattered less. People carried a “wealthy appearance” due to their facial cues. Some faces seem to be more experienced and are deemed to belong to the poorer group.

According to Psychologist Thora Bjornsdottir, a PhD candidate at the University of Toronto, “the signals in your face about your social class can actually then perpetuate it”. People with a wealthy apperance are more likely to be hired for the job as it creates a self-fulling prophecy, which influences your interactions and opportunities.

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Whether someone seems poor or not, it is important to know that our feelings should be tied up with how people act with their money. Are they greedy or generous? Are they willing to loan to a relative or not?

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5 Medical Mistakes That You Must Avoid

Financial security starts by avoiding these five common medical pitfalls.

#1: BY SHOPPING IN ONE PLACE

It goes without saying that pharmaceutical prices vary from location to location. You may be overpaying for a particular medicine bought at the same place. So, carefully compare the prices from the different providers to get the best price. According to Ministry of Health guidelines, every patient must get an itemized medication bill. Use this bill as a guide while shopping.

Do not hesitant to ask your physician for an affordable and efficient alternative, especially if you are taking medications on a long-term basis.

#2: BY NOT SHOWING FOR AN APPOINTMENT

Some of the doctor’s clinics or hospitals charge patients for not showing up. Said fees can be at least S$20. Remember, you are paying for their valuable time. If you cannot make it for an appointment, contact the office as soon as possible. Rescheduling can prevent your account from being overcharged.

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#3: BY SKIPPING THE GENERICS

New prescription drugs are expensive because they are Generic medicines are certainly cheaper and as efficacious as the patented medicines! Why is that so? New generic medicines are examined by the Health Sciences Authority to ensure that they have the same safety and quality standards as the patented ones. They must not only be chemically equivalent but also biologically equivalent in its effects within the patient’s body.

Interestingly, Singapore General Hospital once saved about S$900,000 after switching to the generic options of Gabapentin (for nerve pain), Alendronate (for osteoporosis), and Clindamycin (an antibiotic).

#4: BY TRASHING IMPORTANT TESTS RESULTS

There are many tests that the physician or lab technician can request. These tests include fMRI, CT scan, and Complete Blood Count test. It is important to keep a copy for yourself. If another doctor wants to run the same test, you can provide the recent copy of the test. Skipping another round of the expensive tests can save you a lot of money.

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#5: BY PAYING YOUR BILLS LATE

Late fees and interest charges add up! Over time, your bill can inflate like a balloon due to penalties. It is crucial to stay on top of your payments.

There are to actions that you can partake in. First, you may compare notes with the secretary to ensure that your bills are on track. Lastly, you can ask for a payment plan that works best for you. It is better to be upfront about your situation than to ignore it.

Sources: 1&2

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Switching To An Electricity Retailer? Here’s What You Need To Consider

Since April this year, households in Jurong have been able to choose who they wish to buy electricity from, thanks to the soft launch of Open Electricity Market by the Energy Market Authority. One early adopter who exercised his choice to switch to an electricity retailer is Mr Luqman Haniff, a 30-year old with seven family members staying with him. We share about his journey here.

1. Household Electricity Consumption

One of the first things to look at before switching to a retailer is to find out more about your past electricity usage. That was exactly how Mr Haniff started off his Open Electricity Market journey. By looking through his past electricity bills, he was able to estimate how much his electricity bill would come up to if he were to pay by the regulated tariff or by the rate offered by electricity retailers. This helped him to choose a price plan that best suit his household’s needs.

What is the regulated tariff?

Let us take a look at how the regulated tariff is derived. The regulated tariff is reviewed every quarter by SP Group and approved by the Energy Market Authority (EMA). It consists of two key components – fuel cost and non-fuel cost. Fuel cost reflects the cost of imported natural gas while the non-fuel cost reflects the cost of generating and delivering electricity to homes. Below is a snapshot of the historical tariff rates.

Electricity retailers’ standard price plans

On the other hand, electricity retailers are free to customise their price plans according to their business strategies, current market conditions and the level of competition in the market. That said, the two main types of standard price plans are:

      • Fixed Price Plan– You pay a fixed rate throughout the duration of the contract. This rate may be higher or lower than the regulated tariff.
      • Discount Off the Regulated Tariff Plan – You enjoy a discount off the regulated tariff throughout the duration of the contract.The rate may change every quarter in tandem with the prevailing regulated tariff.

Besides visiting the retailers’ websites to check on their offers, Mr Haniff made use of the Price Comparison Tool on the Open Electricity Market website to compare the different standard price plans offered by retailers. Like him, you can make use of this tool to help you decide on the plan that would be most suitable for you.

2. Consumer Needs

Different households use electricity differently and may also have different ways of managing their electricity expenses. For instance, a family who prefers to keep their electricity bills as stable as possible may find the Fixed Price Plan more suited for them since they could better manage their overall household expenses.

On the other hand, another family may consider going with the Discount Off the Regulated Tariff Plan if they prefer the certainty of enjoying savings no matter how the regulated tariff changes.

Before Making the Switch…

Now that you are almost on your way to signing up with a retailer, do take note of the following as well:

Fact Sheet

Before you sign up for a plan, your electricity retailer will provide a Fact Sheet which summarises key contractual terms of your preferred price plan such as:

  • Contract duration
  • Type of price plan
  • Rate offered by the electricity retailer
  • Payment terms
  • Early termination charges, if any

Ask the retailer to explain any terms and conditions that you are unsure of.

Consumer Advisory

Electricity retailers will also need to obtain your acknowledgement on a Consumer Advisory notice which outlines what you need to be aware of before signing the contract.

Promotions and freebies

To draw more customers, electricity retailers may offer freebies such as vouchers and cash rebates. While they may entice you to sign up with them, one thing to remember is that these freebies are usually a once-off benefit. Hence, it is always better to think long-term and make sure you stand to benefit from switching to a retailer in the longer run.

From the get-go, there seems to be a wide range of standard price plans offered by electricity retailers. However, upon closer examination, the plans mainly differ in terms of contract duration and rates and come with different sets of terms and conditions.

As you review your choices, find out about your electricity consumption patterns, compare the different standard price plans by using our check-list and finally, be sure to take note of the things to consider before making the switch. You will be well on your way to benefit from Open Electricity Market, just like how Mr Haniff did!

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Budget-Friendly Ways To Look Taller

Wearing heeled leather shoes or skyscraper stilettos is not the only solution to a taller figure. Consider these affordable tips:

#1: MEET YOUR BEST FRIEND

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When choosing a style for your skirt or dress, A-line is the best way to go. An a-line cut exudes glamour and class that does not require too much fabric. You see, a pleated ball gown can make you appear smaller. A-line garments suit a petite bride better. Guests should put a focus on you and not what you are wearing.

#2: GET EVERYTHING FITTED

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Dropping by the fitting room to try an article of clothing is a good practice when shopping. Doing so ensures that the clothes you buy fit you perfectly. Choosing clothes that stay close to your body can make you appear taller. In contrast, baggy clothes will stretch the silhouette horizontally and make you seem wider. You do not want that! So, a shorter man must opt for streamlined silhouette.

#3: EMBRACE ONE COLOR

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As obvious as this may seem, dressing in a monochromatic manner can make you look longer. A head-to-toe outfit in one color won’t be breaking up your body in sections. A single hue will act as a continuous length that keeps on flowing.

#4: OPT FOR THE V

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What better way to accompany your a-line skirt than pairing it with a v-neck top? A v-neck top gives an illusion of a longer torso. It does not chop your shoulders away like wearing a tube top. Instead, it creates extra inches with skin exposure. Complete the look with chunky heels, stilettos, or platform sandals.

#5: DITCH THE WAISTCOATS AND BELTS

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Belts and waistcoasts have the same shorterining effect by creating a middle-section of the body. The horizontal line it creates cuts your body in half. It draws attention away from your overall “long” vertical line. After all, you do not need these accessories if your suit is tailored properly to your figure.

#6: WEAR NUDE SHOES

Lastly, wearing nude shoes create a leg-lengthening effect. They may have fallen out of the wagon with some of the high-fashion labels, but there is a reason why nude shoes are still popular with the masses. It is timeless.

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Sources: 1,2, & 3

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The Thriving Coffee Culture In Singapore

One of the most deeply rooted icons in Singapore is Kopitiam. Kopitiam is an age-old tradition that thrives until today. The country’s coffee culture dates back for about several centuries. It serves as a reminder of how diverse and rich our culture is. You see, the word “kopi” means coffee in Malay and the word “tiam” means shop in Hokkien and Fujianese.

Notice how people interact in Kopitiams. At Kopitiam, you will rarely see people who are working on their laptops. It exudes a laid-back atmosphere where people can read the morning paper, enjoy lengthy conversations with friends, or watch as the day goes by. What makes their coffee unique is how it is made.

Kopi is made from Robusta beans, a type of bean which contains a high dosage of caffeine. The beans are roasted in a wok with butter and sugar to enhance its flavor. The mixture caramelizes the beans and gives it a tempting aroma. Lastly, the beans are strained and combined with condensed milk. To experience a cup of kopi, you must visit famous chains such as Ya Kun and Killiney. Both of these chains go way back to the early 20th century. Would you believe that?

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In the modern days, independently owned cafes began sprouting like mushrooms. No neighborhoods or CBDs were left untouched! With its great prevelance, coffee has gone through several waves. I shall focus on the third-wave which is highend or speciality coffee. Third-wave coffee is a conscious consumption that highlights on the fair trade of coffee beans. Thus, it is an eco-friendly choice, which puts a focus on natural flavors. One can only imagine the methods they use!

Aside from the third-wave coffee model, some shops in Singapore offer subscriptions. It is a new dimension in the growing specialty coffee scene. According to the Perk Coffee founder: “The subscription model fits very well with the roasted coffee model. You want to make sure it’s very fresh and regular – small quantities, and frequently [distributed].”

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Do you agree that subscription coffee is the future? Will this help you save money and effort? Feel free to leave a comment.

Sources: 1 & 2

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