MoneyDigest - Personal Finance, Lifestyle, Money Saving Tips

How to Build Your Travel Fund

As this year’s Deepavali falls on November 12 (Sunday), the following Monday (November 13) will be observed as a public holiday. With the upcoming long weekend, what plans do you have in mind?

So, ever since we tied the knot, I’ve been convincing my husband about jetting off to Hong Kong. We’ve just returned from a fun trip to Taiwan and are gearing up for our November adventure to celebrate our wedding anniversary in Hong Kong. To add to the excitement, Hong Kong Disneyland is unveiling a Frozen-themed wonderland. I’m practically bubbling over with enthusiasm, but my wallet? Not so much. My travel fund isn’t quite there yet, but fear not, I’ve hatched a plan.

Here are 5 nifty ways to boost your travel fund:

#1: SET YOUR TRAVEL GOAL

Ever wondered why every financial guide emphasizes setting a goal? Well, it’s not just a cliché. Establishing a realistic goal tailored to your financial situation is key. It not only enables you to monitor your progress but also guides your actions to achieve it. Plus, when you finally hit that target, it’s a reason to celebrate!

To start, estimate how much you plan to spend on your travels, considering factors like accommodation, transportation, food, entertainment, clothing, SIM card/Wi-Fi, shopping/souvenirs, and exchange rates. Your previous travel expenses can be a good reference point. Setting a goal helped me to redirect my earnings to the target ahead.

#2: OPEN A DEDICATED TRAVEL SAVINGS ACCOUNT

Once your travel savings goal is in place, create a separate savings account exclusively for travel. Why? This specialized account prevents confusion with your regular savings, deterring impulsive spending. It also simplifies budgeting during your trip, letting you easily track your balance and expenses.

If you’re a fan of the old-school method, consider using envelopes to keep your funds organized, just like I do.

#3: ALLOT A PORTION OF YOUR PAYCHECK

I’ve been asked countless times about saving for travel, and my advice? Treat it like a monthly insurance premium deducted from your paycheck. Choose a percentage and stick to it. Numerous budgeting methods like the 20-30-50 rule or the 10-20-20-50 rule are available online.

Tailor your approach based on your goals and lifestyle. Living within your means is crucial. Personally, I set aside money not only for everyday expenses but also for special treats like luxury items during my trip. I have a fund called “shopping in Hong Kong” apart from my regular “pocket money in Hong Kong.”

#4: EMBRACE SIDE HUSTLES

In a world of fast-paced inflation, hustling sometimes doesn’t seem enough. That’s when side hustle comes in handy. Turn your hobbies or passions into cash. Sell items you no longer need. Every extra dollar contributes significantly to your travel fund.

#5: KEEP TRACK OF YOUR SAVINGS

Financial situations change—it’s a part of life. When that happens, be flexible and adapt. If things aren’t going as planned, don’t hesitate to make changes. Identify areas where you can cut back on expenses. For me, it meant curbing my desire for new clothing and focusing on my travel goal.

Image Credits: unsplash.com

Remember, with determination and a bit of financial finesse, your dream trip is within reach. Happy travels!

Sources: 1 & 2

Latest WFH internships posted from 23 to 26 October 2023

Welcome to the last Friday of October.

If you want to end the month right by landing yourself a WFH internship, stay on this page as we show you the latest opportunities this week.

#1: Chalk N Pencils – Marketing Intern

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Website: chalknpencils.com

Allowance / Remuneration: $800 – 1,500 monthly

Job Qualifications

Knowing how to use Canva, Capcut, and ChatGPT will be a bonus
Independent, disciplined, hard-working
Humble, interested in learning and doing what it takes for a small business to succeed

Key Responsibilities

Plan events
Have the ability to work independently, take initiative, and propose new ideas
Social media management—create fun content on Instagram/TikTok
Manage general and social media marketing
Conduct logistical arrangements
Assist studio sessions

How to apply?

View the job post in full here and write to Priscilia via this link.

#2: Powerhouse AI – Software Engineer Intern

Website: pwh.ai

Allowance / Remuneration: $800 – 1,200 monthly

Job Qualifications

Undergraduate or Postgraduate who is currently pursuing a degree/master’s in Engineering, Computer Science, or a related technical discipline from a university;
Able to demonstrate prowess with Python programming language along with Firebase/GCP services experience.
Understanding distributed systems architecture combined with strong analytical ability will be the icing on the cake when it comes to making an impact here at Powerhouse AI.
Must possess the ability to document their work in detail to ensure efficient knowledge transfer throughout the organization.
Good communication skills, self-motivation, engineering practice, etc.

Key Responsibilities

As a Software Engineer Intern at Powerhouse AI, you will support the engineering theme in deployment, development of feature requests, and optimization in the backend.
Introduce new AI technologies related to deep learning, computer vision, and ML models to our online system, supporting our customers.
Improve the system’s reliability and manage the challenges of scale and complexity.
Hands-on experience on-site, customer account management, as well as understanding the requirements of the customer.

How to apply?

View the job post in full here and send your application to ika@powerhouseai.com.

#3: Syfe Pte Ltd – Operations Analyst Intern (6 Months)

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Website: syfe.com

Allowance / Remuneration: $800 – 1,000 monthly

Job Qualifications

Candidates with no experience and polytechnic graduates are welcome to apply
Meticulous, with an eye for detail as well as excellent time management skills
Proven ability to adapt, learn, and problem-solve in a fast-paced environment
Able to work well in a team
Proficiency with Microsoft Excel, VBAs and having a talent for numbers
Minimum 6 months full-time commitment
Able to start on short notice

Key Responsibilities

Work within a high-performing operations team
Manage day-to-day trade processing, settlement, corporate actions processing & overall reconciliation
Conduct due diligence on new and existing clients while reviewing client documentation. Escalate and document potential KYC issues while working closely with the AML team
Develop & maintain vendor and interdepartmental relationships
Identify process improvements & implement required enhancements

How to apply?

View the job post in full here and apply via this link.

#4: NXT Interactive Pte Ltd – Marketing And Operations Intern

Website: nxtinteractive.sg

Allowance / Remuneration: $700 – 1,000 monthly

Job Qualifications

English-speaking associates in view of business communications.
Excellent facilitation and presentation skills.
Ability to translate knowledge into skills.
Ability to drive the application of skills in a business environment.
A team player with a sense of responsibility.
Proactive and able to work with minimum supervision.
Strong interpersonal, customer service, and communication skills.
Ability to work under stress.
Preferred knowledge or skills: Search Engine Marketing (Google), Social Media Paid Advertising (Facebook, Instagram).

Key Responsibilities

Develop business by cold calling to source new customers.
Attend to emails and phone calls regarding sales.
Prepare quotations and follow up with all prospective sales.
Manage project from start to handover.
Coordinates between clients and operations to carry out necessary work schedules.
Perform on-site visits and meetings.
Digital marketing, including website, social media, content marketing, and digital advertising.

How to apply?

View the job post in full here and write to Naval Joshi via this link.

#5: Sustainable Growth Experts – Short Form Video Intern (TikTok Agency)

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Website: sustainable-growth-experts.com

Allowance / Remuneration: $1,200 monthly

Job Qualifications

You love storytelling on TikTok, YouTube Shorts, and IG Reels
Have a burning passion for video
Proactive and goal-oriented attitude – where others see obstacles, you see opportunities
Openness to getting critical feedback without taking it personally – we work in a culture of trust and open communication, which sometimes involves brutal feedback
You love storytelling on TikTok and Instagram.
At least 2 to 3 years of experience in video production and editing (Your own TikTok channel counts)

Key Responsibilities

Assist in shooting and editing Short Form Video Content (TikTok, YouTube Shorts, IG Reels)
Familiar with on-demand, FAST video editing tools like Capcut, Final Cut, Adobe Premiere Pro, etc
Brainstorming content ideas with our creative strategy team
Assisting with on-set and on-location video production
Assisting with lighting setups, camera settings, etc.

How to apply?

View the job post in full here and follow the instructions to apply.

Editor’s note: These internships are selected based on the “remote” tag, but some positions are hybrid ones and you may need to report physically to the office. For more deets, do contact the employer directly.

5 top-rated wedding planners in Singapore so you can pay and let the pros do the work

Wedding planning can be stressful.

And because we know how overwhelming it can be, we’ve decided to search the internet for the top-rated wedding planners in Singapore so you can ease the stress and enjoy your special day to the fullest.

These professionals have the expertise and experience to handle all the nitty gritty, leaving you free to cherish every moment with your partner leading up to your big day.

Pei Weddings

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A post shared by PEI 陪 | Wedding Coordinator (@pei.weddings)

Website: pei.sg

Facebook reviews: 5 stars (60+ reviews)

Pei Weddings brings your wedding day to life through “陪”, or the English equivalent of “accompaniment.”

The team aims to go through your special day with you, helping in any way needed—from full-day coordination to reviewing your DIY wedding plan. Their services start at $300 for consultation and $3800 for actual day coordination, ensuring everything runs smoothly from the ceremony to reception.

They have a network of reliable wedding partners for any need from emcees to transportation and photography. Plus, their illustration arm offers custom illustrations that can be incorporated into your wedding decor, transforming a part of your memories into a hand-drawn work of art.

Whether you want a helping hand or full planning support, Pei Weddings promises to be by your side every step, ensuring your pre and actual wedding day story is one that will last long long.

Chère: Weddings & Events

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Website: chere.com.sg

Google reviews: 5 stars (30+ reviews)

At Chère, the team believes that weddings should be a joyful celebration of love and community. That’s why they take a personalized approach to each event they plan, working closely with you every step of the way.

Their team of experienced wedding professionals has helped make more than a hundred weddings and events successful. During your complimentary 30-minute online consultation, your consultant will get to know your wants and needs so they can craft a wedding that truly reflects you as a couple.

They have also carefully curated a list of trusted vendors who will deliver the highest quality services and help turn your wedding dreams into reality. With Chère by your side, you can rest assured that all the planning details will be handled so you can relax and savor every magical moment as Mr. and Mrs.

Wedding Diary – Event Planner & Stylist

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Website: weddingdiary.com.sg

Google reviews: 5 stars (10+ reviews)

Since 2009, Lily Lu, the founder of Wedding Diary, has been creating significant stories through her company.

Their team of wedding experts helps you craft a narrative for your big day through custom decor, event styling, and full planning services. Whether you need help with one chapter of your wedding story or the whole book, Wedding Diary offers three ‘story’ packages so you can select the perfect level of support.

Their passion lies in making each wedding as unique and meaningful as the couple themselves. So let them breathe new life into your dream wedding through their creative approach, ensuring your big day plays out like a fairytale come true.

Holy Moly

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Website: holymoly.sg

Google reviews: 5 stars (10+ reviews)

Holy Moly is your reliable wedding assistant who will make sure your big day goes the way you want it.

Founded by senior wedding planner Chelsea in 2018, Holy Moly offers flexible wedding support to fit your needs and budget. Whether you require full event coordination, design help, or just a little advice here and there, Holy Moly’s pay-per-use model means you get exactly the level of professional assistance you want.

Think of Holy Moly as your personal wedding butler—someone who will be by your side throughout the planning process and on the day itself to ensure everything runs smoothly while you enjoy celebrating with friends and family.

From coordinating vendors and managing schedules to styling your hair and makeup, Holy Moly will act as your calm, collected second-in-command so you can walk down the aisle with confidence, knowing everything is in good hands.

The Wedding Stylist

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Website: the-wedding-stylist.com

Google reviews: 4.9 stars (30+ reviews)

Lastly, we have Caroline and Wenxin who have been perfecting the art of luxury event planning for over a decade under their company The Wedding Stylist.

From the very first consultation where they discuss your personalities, tastes, and vision in depth, to the final tear down, they are with you. They begin by building a dream team of the finest vendors, recommending only the very best suppliers of flowers, catering, entertainment, and more.

Every detail, from the centerpieces to the linens, the lighting to the music, is conceptualized to reflect your individual style while exceeding your expectations. Their seasoned expertise guides you, not by trends but by your own story, helping transform your big day into a celebration as snugly tailored to you as your wedding dress.

By entrusting your wedding planning to these professionals well-reviewed by other brides and grooms who have gone before you, you can relax and enjoy the journey to your special day. From conceptualization to execution and tying up loose ends, these wedding planners will handle all the details, allowing you to focus on creating beautiful memories that will last a lifetime. Now, this is what we call “money well spent.”

4 compact dishwashers under $500 you can plug & play and say goodbye to hand-washing dishes forever

Can’t wait to say goodbye to the hassle of hand-washing dishes?

I know how it feels when dishes pile up. And that’s why we have innovative and convenient dishwashers designed to simplify our lives, don’t we?

With their compact size, they fit well into any kitchen space. So if you can’t wait to rid of the tedious task of handwashing dishes, stay on this page.

Toshiba 5L Portable Dishwasher – White

Price: $399 (was $449)

This petite powerhouse packs a punch. Toshiba’s compact 5L dishwasher can fit comfortably on your kitchen counter and handle a full load of plates, cups, bowls, and utensils in just 29 minutes.

The see-through door lets you watch your dishes get squeaky clean while an interior light illuminates them during the cycle (if you need to, activate it). An easy-to-use control panel and screen guide you through each wash so you get spotless results every time.

When you need a quick clean for a handful of dishes after mealtime, this little workhorse accommodates up to 22 pieces of tableware at once. Plus, complimentary install options mean you will be enjoying hands-free cleaning in no time.

Midea White Compact Mini Dishwasher

Price: $429 (was $599)

Great for small spaces, this Midea dishwasher can easily fit on and under counters and into tight corners without sacrificing function.

Simple one-touch controls and clear program indicators make this machine easy to install and use. With a high-temperature intensive wash cycle and 30-minute quick wash setting, it can thoroughly clean up to 76 pieces of tableware when loaded properly.

The result? Sparkling dishes with minimal effort so you can take the time to do what matters more.

Electrolux Compact Dishwasher

Price: $499 (was $959)

Ideal for kitchenettes and small households, this invention from Electrolux offers versatile cycles to handle everything from lightly soiled dishes to heavily greased pots and pans.

Simply select the preprogrammed cycle that best suits your needs and let this hardworking helper go to work. It can supply either hot or cold water depending on your preference. The child lock setting helps keep little curious hands away from any detergent or hot water.

Though compact, Electrolux didn’t cut any corners on quality—but you still get a 2-year limited warranty for added peace of mind. So if you want the convenience of a dishwasher without sacrificing precious counter and cabinet space, this sleek and efficient machine is the one for you.

Elba Tabletop Dishwasher

Price: $499 (was $699)

Last but not least, we have this tabletop dishwasher from Elba. With LED touch controls and 8 programmed settings including a fruit wash cycle, you will be able to wash everything from wine glasses to baking pans and more.

The child lock keeps your kids safe while you run an express, extra drying, or extra cleaning cycle. The A+ energy efficiency rating means lower utility bills, while the free basic installation makes getting started simple.

Or if you prefer to DIY, simply connect the inlet and outlet hoses to the water supply and drain, then fill with your dirty dishes and let this compact machine do its thing.

These convenient appliances are designed to make your life easier and eliminate the tedious task of hand-washing dishes. With their compact size, they fit seamlessly into any kitchen space, making them apt for smaller homes or apartments. Experience the convenience and efficiency of these affordable dishwashers under $500 and reclaim your time so you can finally catch up on that newly released K-drama episode after work.

How to Save Money with Your Partner

After an amazing 12 years together, my husband and I finally tied the knot last year. Before embarking on this new chapter in our lives, we made sure we were financially prepared. Are you financially prepared?

When couples get married or move in together, they naturally take on shared responsibility for each other and their finances. Nonetheless, money-related misunderstandings can arise, which is why it’s essential to address them.

To help iron out these common money problems, let’s explore some practical financial tips for couples. Remember, there’s no one-size-fits-all rule, so these tips are here to guide you and your partner in achieving your financial goals together.

BE OPEN

Right from the start of your relationship, it’s essential to be open and honest about where you both stand financially. If one of you is dealing with debt or has specific financial goals, discuss it openly. Take time to understand each other’s money habits, like spending tendencies and risk tolerance. You don’t have to have identical attitudes towards money, but finding a middle ground through compromise can be beneficial. Addressing these issues early on will prevent misunderstandings and arguments down the road.

CATEGORIZE YOUR EXPENSES

Not all expenses need to be shared. While bills, groceries, and travel costs are typically shared, individual expenses like personal shopping or sending money to family back home remain separate. By clearly identifying your expenses, you can streamline money management and reduce complexity.

PRIORITIZE AND SOLVE ISSUES

Discuss what financial goals are achievable for both of you in the long term and identify problems that can be resolved immediately. For example, if different earning capacities are a concern, consider starting a small business together or exploring additional income streams. Whenever possible, prioritize reducing debt, as this will save you money on interest in the long run.

MAKE A BUDGET PLAN

A budget plan can be a lifesaver when it comes to managing your expenses. Decide on a reasonable amount to spend on everyday items, take-outs, entertainment, and personal expenses. Also, include bills, debt payments, irregular expenses, and contributions to your emergency fund in the budget plan. This step is especially valuable for young couples looking to stay on top of their expenses.

TAKE ACTION

After discussing, analyzing, and crunching the numbers, it’s time to create an action plan. Determine who will handle the primary bookkeeping responsibilities to ensure that all bills are paid on time and accounts stay in good standing. However, it’s essential to keep the non-bookkeeping partner informed about your financial progress.

Once you have identified and addressed your pain points and financial objectives, develop a comprehensive action plan with a clear timeline. This plan may involve the following steps:

1. Establishing a joint savings account.
2. Exploring opportunities for additional sources of income.
3. Gradually settling smaller debts.
4. Conducting thorough research on investment options.
5. Making a structured plan for significant purchases.

Image Credits: unsplash.com

Lastly, don’t forget to reward yourselves along the way! Even after being married, my husband and I still make time for regular dates and save up for enjoyable activities like travel and relaxing spa treatments.

Remember, open communication, understanding, and teamwork are the keys to successfully managing your finances as a couple. By following these financial tips, you and your partner can build a strong financial foundation together and enjoy a prosperous future.

Sources: 1 & 2