Lifestyle Archives | Page 459 of 580

Five Secrets To Handling Your Finances As A Couple

Managing your finances together can be tricky when you are in a committed or serious relationship. However, you can employ several strategies to avoid headaches and arguments surrounding money.

#1: DISCUSS ABOUT YOUR FINANCIAL GOALS

There are a handful of Singaporeans who tackle life from paycheck to paycheck. These people deal with the expenses as they come without forethought about their retirement fund. Do you want to be in the same situation?

You have to realize that financial stability is important in strengthening the future that you want to build together. So, start by establishing at least three financial goals. These initial goals are short-term and realistic. Whether you want to save up for a getaway in Bali or a broadband bundle, your short-term goals will serve as an encouragement to take on bigger goals that will lead up to financial security.

#2: KNOW EACH OTHER’S FINANCIAL STATE

Tying the knot or living with someone who has a bad credit score may affect your finances. Imagine taking out a mortgage. Your partner’s credit rating may affect the potency of your combined credit score. This is not good!

Mutual disclosure can help you reduce conflicts over financial matters. As early as possible, carefully examine each other’s financial state and exchange useful tips. Are there any spending habits that you want to help your partner with? Do you have some outstanding student debts? Familiarize yourself with his or her deeply rooted attitudes and habits toward money.

#3: CREATE A MUTUAL UNDERSTANDING

As a couple, aim to distribute the control of your finances equally. Educate your partner about the facets of personal finance no matter how uninterested he or she might be. Financial literacy is necessary.

Aside from mutual disclosure, mutual understanding is crucial to your success. This means that you need to be aware of what you two can and cannot afford. Furthermore, you must contemplate on the process of dealing with unfortunate events.

#4: MAINTAIN JOINT AND INDIVIDUAL ACCOUNTS

A couple’s joint account is primarily used for shared expenses such as groceries, utility bills, phone bills, and mortgage repayments. Maintain this along with your individual accounts. You are entitled to a separate account because you must treat yourself or your partner personally without affecting the “household fund”.

You might say that this burns the bridges of sharing, but not really. The foundation of having individual accounts is that both would have access to each other’s account to prevent from keeping secrets. Spending beyond the threshold of your personal account is something that you need to discuss with your beloved first.

#5: DIVIDE YOUR MONETARY RESPONSIBILITIES

Compromise could be your best bet when you are sharing the responsibility for your finances. This goes hand in hand with the above statement. Having a joint account and two separate accounts helps to keep your independence and to stick with your budget.

Here are just some things that you must contemplate on when you are dividing your monetary responsibilities:

a. What are the bills that you want to pay using your joint account?

b. How much shall each one contribute to the joint account?

c. Which of your partner’s spending habits do you want to keep and to ditch?

Image Credits: pixabay.com

May these tips help you to foster good financial management habits as a team!

Sources: 1 & 2

How To Balance Your Busy Work And Blossoming Romance

No one ever said that cultivating a successful career is easy. Throwing the element of romantic relationship into the mix may make things more challenging. But, you can survive it!

SET YOUR PRIORITIES STRAIGHT

Many Singaporeans choose to shift all their resources to professional aspirations. There is nothing wrong with that. But, isn’t it more fulfilling to share your promotion with someone special?

For those of you who agreed, consider prioritizing both your work and your relationship. Prioritizing one thing over the other does not entail that you have to sacrifice entirely. It just means that you have to commit to temporal adjustments. Start by building a strong ground for both your professional and romantic life. When your employer and your significant other understand that they are mutually valuable, disruptions when priorities shift may not be a problem.

STAY UPDATED

The capabilities of social media are not limited to sharing adorable cat videos to your friends. Its primary purpose is to reach out to the people whom you care for. Allotting a significant amount of time at the office in unavoidable. It is a part of your responsibility as an adult. However, ruining your relationship because you are occupied by your job is avoidable.

Spare at least five minutes to write a sweet message to your significant other via Facebook. You may even send a quick video on WhatsApp. Or, you may call each other before going to work. Simple gestures can make your partner feel appreciated, wanted, and loved. Furthermore, having someone’s support makes it easier to get through a busy day.

SPEND YOUR TIME WISELY

Managing your time is a crucial factor in creating a work-love balance. Personal issues can be avoided with a little forward planning. Let say that your career exhausts much of your time as it demands you to work long hours. As much as possible, plan a weekend getaway with your beloved. Do you fancy staying at these affordable and Instagram-worthy hostels in Singapore?

After this much-needed staycation, you will come back to the office energized. Spending your time wisely may show that you are both devoted to your career and your personal life.

STRENGTHEN YOUR FUTURE

More often than not, people stay committed to each other because they see a brighter future ahead. I am distinctly referring to couples who are in long-term relationships. Financial stability is important in strengthening the future that you want to build. Although the fantasy of winning the Singapore Pools Toto is attractive, but it can become a barrier to accomplishment.

Image Credits: pixabay.com

It is time to bring a reality check! Take serious steps toward financial stability. Write down your financial goals together and discuss your monthly expenses. Be aware of each other’s financial situation and current income.

Sources: 1 & 2

Inexpensive Ways To Lower Your Workplace Stress

You have been busy all week-long! Your mind is racing and your heart is pounding as the deadlines approach. These tasks are getting out of hand. It is no wonder that you feel down in the dumps.

Fortunately for you, there are affordable (and free) solutions to help ease the tension.

#1: ACTING VERSUS REACTING

When we come face-to-face with the circumstances which are out of our control, we typically experience stress. It activates mental and physical responses that can tear your productivity and well-being in the long run. This can be problematic at work.

Start focusing on the aspects that are within your control (e.g., your thoughts about your co-workers or your business attire). This will help ease your worries.

#2: STICKING TO THE SCHEDULE

Many Singaporeans propel through the day without taking significant breaks. You may think that you get more work done if you do not rest. However, doing so is counter-productive. Sleep deprivation can lower your concentration and productivity levels.

Consider scheduling a series of breaks throughout the day. For instance, you may allot 5 minutes to stretch in the breakroom or to do breathing exercises while sitting down. You need these breaks to allow yourself to remain energized while working.

#3: WALKING YOUR ADORABLE PET

Walking your dog at the nearby park is a concrete and no-cost hack to relieve your stress. Not only will you be able to exercise your dog, but you will also have his or her lovely company. This is healthier than sitting on a couch while emptying a pint of ice-cream.

If you do not own a pet, you may opt to brisk walk for 30 minutes instead. Ramp up your speed gradually.

#4: TREATING HOME AS A SAFE HAVEN

Let us be honest! The root of all your worries resides at work. If you regularly continue your tasks at home then, you may create a work-life conflict. Treat your home as a safe haven by building a boundary between these two realms.

As much as possible, avoid answering your emails from home or work-related phone calls before you sleep. You are not a convenience center who has to be available 24/7.

#5: PLAYING LIKE A CHILD

Children may not have the responsibilities and the pressures that the adult world brings, but they do have one thing. I am referring to the luxury of play. Blocks, jigsaw puzzles, and coloring books are just some of the things that are meant to be enjoyed by the kids. Why should they have all the fun?

Image Credits: pixabay.com

Cognitive stimulation and entertainment does not stop with age. Try it. You may keep adult coloring books on your desk to free your mind during the office lunchtime. Popular Bookstore sells these books for as low as S$8.43.

Sources: 1 & 2

4 Interesting Cities In Europe That Are Cheaper Than Zurich

Europe is a captivating continent due to its extreme diversity. Contrary to popular belief, there are many budget-friendly cities in Europe for a Singaporean traveler. Let us start with the most expensive place among 56 popular cities.

According to the 7th Europe Backpacker Index, Zurich will exhaust your travel fund the most. Its Daily Backpacker Index (DBI) is US$124.67 or about S$176.86. This reflects the average cost if you were to get a decent budget hostel, two public transportation rides, three meals, entertainment fund, and a famous attraction per day. Each European city manifests a distinct DBI.

This list will show you the beautiful places that possess the lowest DBI.

4. HUNGARY’S BUDAPEST

Currency: Hungary Forint

Budapest is a paradise for various kinds of Singaporean explorers. It is an excellent bargain find as the Daily Backpacker Index is US$26.75 or approximately S$38. Budapest is blessed with castles, cathedrals, and thermal spas. Not to mention, the city’s reputation as a food capital dates back from the late 19th century.

Worry not if you had too much of the Hungarian wine as you can cure your hangover in one of the city’s hot springs. Some people go to the hot springs to manage their ailments and the majority are there for relaxation.

Hostels provide great value for your money, but you can reap inexpensive prices if you get a place outside of the center. One of the best budget hostels is the Treestyle Hostel with an accommodation as low as US$5.33 or S$7.55 per night.

3. ROMANIA’S BUCHAREST

Currency: Romanian Leu

Bucharest may not be the “most attractive” town in Romania, but it is certainly dynamic and energetic. Trendy cafes and lush parks are abundant here. Moreover, the city fuses the unbridled capitalism with the unreconstructed communism. Its noticeable turn to communism is evident in the massive Palace of Parliament. I suggest you Google it now to see how many rooms the Palace has.

Image Credits: pixabay.com

Escape from the hustle and bustle of Singapore by visiting Bucharest’s Cişmigiu Garden. It is the oldest public garden, which spreads over 17 hectares. Many travelers consider visiting here as a pit-stop before heading to Transylvania. It does not matter if you extend a day or two as you will be rewarded with affordable prices all year round. The specific Daily Backpacker Index is US$25.70 or S$36.46. Not bad, right?

2. POLAND’S KRAKÓW

Currency: Polish Zlotych

Renowned for its well-preserved medieval core, Kraków is a must-see city near the border of Poland and Czech Republic. You will be amazed at the architecture of the “Wawel Royal Castle” as well as the rich history of the “Old Town”. The Old Town contains magnificent museums, soaring churches, and Europe’s largest market square. Furthermore, you will greeted by an array of options in restaurants, bars, and clubs.

Europeans who desire to have a quick getaway over the weekends typically consider heading to Kraków. Aside from its historic charm, it offers low prices on hostels and eateries. Its overall Daily Backpacker Index is merely US$24.82 or S$35.21.

1. BULGARIA’S SOFIA

Currency: Bulgaria Leva

The capital of the Balkan nation of Bulgaria is Sofia. It is home to Bulgaria’s premier museums, art galleries, restaurants, and clubs. Its ambiance is far from a grand metropolis as it is pleasantly laid-back. This youthful and unique city has Ottoman mosques and onion-domed churches. The only drawback is this place is typically missed by anyone who is not doing an extensive tour of the region.

Image Credits: pixabay.com

Sofia offers the most fantastic bargains among the European capitals. With a Daily Backpacker Index of US$24 per day (about S$34), you can purchase decent pizza slices or hotdog sandwiches for as low as US$0.60/S$0.85. Who knew that you can survive in a European place with a food budget of less than US$5/S$7 per day? I certainly did not!

Sources: 1 & 2

Do Not Tell These Money Statements To Your Kids

There are some financial issues and information that you shall just keep to yourself.

1. “Your Dad makes more money.”

In a dual-career household, you shall refrain from pointing out which parent earns more than the other. Putting a distinct label on the breadwinner signifies that one’s contribution is more important than the other. It is better to highlight that the two of you work as a team in order to cultivate a brighter future.

2. “Your uncle owes us S$5,000.”

You may be infuriated that your brother has not paid his debt. Sure! S$5,000 is a decent amount of money, but you shall not get your children involved in this issue. Children usually mirror the reactions and emotions of their parents. Telling your daughter that her uncle owes you money may ignite hatred or uncomfortable feelings toward him.

It is an admirable thing to warn your children about the risks of lending money. However, you must use an example that is too close to home.

3. “I spent a lot of money for your gift.”

Most children do not mind the cost of your gift. They simply want to relish the excitement that the act of receiving brings. To an innocent child, there is no difference between a bespoke and a store-bought cake. It is still a sweet dessert!

Putting a price on a gift (i.e., high/low or cheap/expensive) can just change their perceptions. Teach your children that the value of the gift is not always reflected on its price tag.

4. “I am broke.”

Have you ever noticed that some of our adult conversations are exaggerated? Children are less likely to absorb our subtleties in communication. Imagine you uttered these words: “I am broke.” Your young offspring may misunderstand what you just said due to your choice of words. Avoid declarations of financial disaster.

Instead, it is important to give your children reassuring messages. You may say that you have to wait a week until the pay day comes.

5.”Do not tell your Daddy/Mommy that I bought this.”

Your devotion to your spouse does not stop after having kids. Make it a point to discuss about your spending habits and future goals. If you are about to purchase something that you want to conceal for now (e.g., a surprise birthday present), do it at your own time. Do not use the vulnerability of a child as an escape.

If you encourage a child to lie to the other parent, it increases the likelihood of dishonesty. It sends a message that spending money is merely a shameful act. All these wrong signals can be prevented by you.

6. “I dislike going to work.”

No matter how tired you are of answering demanding calls or how much you hate your boss, you shall not verbalize these thoughts when your child is around. Complaining about these negative aspects of the job can make your child feel anxious about the future.

Opt for sharing the aspects that you enjoy the most about your job. What makes your work fulfilling and interesting? Dwell on that. Save the serious talk until she or he reaches maturity.

7. “We cannot afford to buy that.”

After spending a few hundreds on the grocery store, it can be confusing to tell your child that you cannot afford to purchase a toy. He or she may think that you spent all your money on groceries or that you have no more money for the important things. Turn this situation around by teaching your children about the importance of prioritizing and delayed gratification.

You may say something along these lines: “Please put that toy back. We do not need it right now. If you really want to buy it, you have to save up for it. I can help you!”

Image Credits: pixabay.com

As with most aspects of parenting, it is best to lead as a positive example to your children. Choose your words wisely.

Sources: 1 & 2

Search the site