7 Tips to Stretch Your Dollar While Raising Kids & Fur-Kids Under One Roof

My late-night scroll led me to a video of a mom getting her two-year-old to train alongside her dogs. One of the pups has a history of biting, so she was teaching her daughter to be gentle while helping the dogs adjust to her presence. Parenting and pet parenting don’t come cheap, especially in Singapore.

Consider these no-fluff ways to stay financially sane while keeping your baby and pets happy.

#1: DITCH THE FANCY PET FOOD

You don’t need to splurge to give your pets healthy meals. Many premium pet food brands like Wellness Core and Taste of the Wild come in affordable “family pack” formats or generic equivalents with similar ingredients. Remember, look for real meat as the first ingredient and avoid meat by-products or corn.

#2: AVOID SPENDING ON PET FASHION

Yes, they look adorable in tiny tutus. But instead of splashing out on pet couture, invest in essentials like a durable collar, ID tag and comfortable leash. Your pet doesn’t care about trends, but your wallet will definitely feel it.

#3: GET INSURANCE FOR YOUR BABIES

Vet visits in Singapore can cost hundreds or even thousands. For instance, a single emergency surgery could set you back S$3,000 or more. So, consider pet insurance providers such as Happy Tails by AIA and Liberty Insurance. These insurance providers offer plans from S$24 per month with coverage up to S$10,000 per year.

The same goes for your baby. MediShield Life automatically covers Singaporean newborns. You can opt for a life insurance plan to protect your family if anything unexpected happens to you.

#4: DIY GROOMING AT HOME

Professional grooming can cost between S$50 and S$100 per session. With the right tools like a good brush, nail clippers and pet shampoo, grooming your pet at home becomes simple and affordable.

Image Credits: unsplash.com

Tip: Flea-fighting shampoos with ingredients like tea tree oil, oatmeal or coconut extract provide a natural and effective boost.

#5: TAKE ADVANTAGE OF GOVERNMENT BABY GRANTS

Take full advantage of Singapore’s Baby Bonus Scheme including cash gift, Child Development Account (CDA), and dollar-for-dollar matching up to S$15,000 (depending on the child’s birth order). Moreover, CDA funds can be used for preschool fees, medical expenses, and purchases from approved merchants like Watsons or Guardian.

#6: REVAMP YOUR HOUSEHOLD BUDGET

Children and pets bring along a range of new and ongoing expenses such as formula, nappies, vaccinations, checkups, grooming, and gear. It’s important to revisit your household budget regularly to reassess priorities, distinguish between essentials and non-essentials, and set clear financial goals. From baby enrichment classes and pet training to long-term tertiary education planning, there’s plenty to factor into your overall financial strategy.

#7: BUILD A MONEY BUFFER

Unexpected costs are bound to pop up. Whether it’s an emergency trip to the vet, a sudden medical bill, or replacing the stroller your toddler just destroyed mid-outing, having a safety net of three to six months’ worth of living expenses saved up can make a world of difference in keeping your finances stable and stress levels low.

IN A NUTSHELL

Image Credits: unsplash.com

 

Raising toddlers and pets in Singapore doesn’t have to come with financial stress. With smart planning and a few practical changes, you can give your kids and fur-kids the best things in life.

Sources: 1,2,3, & 4

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SG60 Baby Gift Celebrates the Next Generation

As Singapore marks its 60th year of independence, the nation is celebrating not just its rich history, but also its bright future starting with the littlest Singaporeans!

In honor of this milestone, all Singaporean babies born in 2025 will receive the exclusive SG60 Baby Gift, a delightful package of curated items designed to support parents and commemorate this special occasion.

WHERE TO SIGN UP?

Every baby born between January 1 and December 31, 2025, will be eligible for this special keepsake. Parents must complete their child’s birth registration before signing up for the SG60 Baby Gift at sg60.gov.sg/sg60-baby-gift.

This meaningful initiative reflects the Singapore Government’s commitment to supporting families, making parenthood a more joyous and memorable journey.

WHAT’S INSIDE THE GIFT BUNDLE?

Each package includes a mix of practical and sentimental items, sourced from local brands and designed to enrich the early years of both baby and parents:

A. Trolley Bag & Backpack – Stylish and functional, these bags help parents keep all baby essentials organized for outings and adventures.

B. SG60 Family Photobook – A beautifully designed album featuring Singapore-themed backgrounds and fun stickers of local flora and fauna to capture precious family moments.

C. Wooden Building Blocks & Toy Play Set – Classic toys that encourage creativity, problem-solving, and motor skill development.

D. Limited Edition Becky Bunny Plushie – This adorable soft toy, inspired by the Families for Life mascot, embodies values like love, respect, and commitment while promoting sensory development.

E. Straw Cup with Adaptor Cap – A high-quality feeding essential from local brand Hegen, designed to support your little one’s transition to independent drinking.

F. SG60 Parenting Journal – A dedicated space for parents to document milestones, thoughts, and reflections on their parenting journey.

G. Becky Bunny Storybooks – Engaging tales featuring Becky Bunny, crafted to nurture a love for reading from an early age.

H. Food Bib – A must-have for messy mealtimes, making feeding time fuss-free and fun.

HOW TO RECEIVE IT?

Parents who register by March 15, 2025, can collect their gift at Celebrating Our Families events organized by the People’s Association, happening on weekends in April and May.

For those unable to attend or who register after March 15, home delivery will be available from mid-May onwards.

Image Credits: go.gov.sg/SG60BabyGift

Even Singaporean babies born overseas can receive the SG60 Baby Gift, though delivery is only available within Singapore. Additionally, babies born before January 1, but with an Estimated Date of Delivery (EDD) on or after January 1, 2025, will still be eligible upon submission of medical documentation.

A TRIBUTE TO NEW BEGINNINGS

The SG60 Baby Gift is more than just a collection of items. It’s a celebration of life, family, and the journey of parenthood. As Singapore turns 60, this meaningful initiative underscores the nation’s dedication to building a strong, supportive community for generations to come.

To register and learn more, visit go.gov.sg/SG60BabyGift today!

Sources: 1 & 2

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6 Money Management Tips for Newlyweds in Singapore

 

Getting married is a milestone, but managing finances together is a new adventure. From joint expenses to long-term goals, how you handle money can shape your future.

Whether you’re newlyweds or planning bigger dreams, here are six money management tips to help you build a strong financial foundation.

TALK ABOUT MONEY

Open communication is key to a successful marriage, especially about money. Discuss your income, debts, savings, and spending habits to ensure you’re aligned on financial priorities. Regular “money talks” help both partners stay informed and involved.

CREATE A JOINT BUDGET

A joint budget helps manage shared expenses and save for future goals. List monthly expenses like housing, utilities, and groceries, then divide them based on your income. Tools like Intuit Mint or DBS NAV Planner can help you track spending and stay on budget.

ESTABLISH AN EMERGENCY FUND

Life can be unpredictable, so having an emergency fund is essential. Experts recommend saving 3-6 months’ worth of living expenses. An emergency fund provides financial security during job loss, medical emergencies, or unexpected costs.

Image Credits: unsplash.com

START SAVING FOR THE FUTURE

The earlier you start saving, the better. Whether it’s for a home, children’s education, or retirement, setting aside money for the future ensures your dreams become a reality. Consider CPF contributions or joint savings accounts for long-term security.

MAINTAIN SOME INDEPENDENCE

While joint finances are important, separate accounts allow each partner to enjoy personal spending without guilt. Keep a joint account for shared expenses but maintain individual accounts for personal or “fun” funds.

INVEST TOGETHER

Investing is a great way to grow wealth as a couple. Research low-risk investment options like ETFs or unit trusts, and consult a financial advisor to create a strategy that aligns with both your goals.

IN A NUTSHELL

Managing money as a couple requires trust and teamwork. Use the strategies above to stay on top of your finances. Stay transparent, keep some independence, and enjoy the journey together.

Image Credits: unsplash.com

Sources: 1,2, & 3

 

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How to Combine Finances with Your Partner After Marriage

Congratulations on tying the knot! Now comes the real test: managing money as a TEAM. Whether you’re saving for a BTO, cutting tax bills, or just splitting date-night expenses, combining finances is key.

On that note, here are ways to make it seamless and drama-free.

DECODE EACH OTHER’S MONEY HABITS

First things first, how does your partner handle money? Maybe you’re a spreadsheet whiz, but they’ve been winging it with an “I’ll deal with it later” mindset. No judgment here!

Before you start pointing out their questionable spending habits, take a moment. What are they actually good at? Perhaps they’re great at saving or scoring insane deals. The goal isn’t to replace your system or theirs but to create one that works for both of you.

TALK ABOUT YOUR MONEY VALUES

Don’t just focus on what to spend or save, talk about why instead. What matters to both of you? Is it traveling, securing a comfortable retirement, or splurging on coffee from that atas café every weekend?

For instance, I’m all about giving back as a secretary of a non-profit foundation (yes, I know it sounds like a Hallmark card, but it’s true). When my partner found out, he was like, “Wait, we’re giving how much away?” Once we had a proper chat about our values and got on the same page, planning became much easier.

HAVE NO SECRETS AND SURPRISES

Transparency is everything. Lay it all out there: your income, debts, investments, and even that sneaky monthly subscription to a gaming app.

Have debt? Earning less than you’d like? That’s okay. What matters is honesty. The last thing you want is for your partner to find out about a hidden credit card bill. Marriage is about supporting each other, not sweeping stuff under the rug.

SET UP A JOINT ACCOUNT

Sharing finances doesn’t have to be complicated. Start with your combined income and work your way down through expenses. Keep it realistic, and remember that your money should work for you, not stress you out.

Image Credits: unsplash.com

Think of it as a team project (but less annoying than group work in Uni). For example, in our household, we split the bills and stash some cash in a joint savings account. Having that structure has been a game-changer for hitting our goals, like saving for a big trip or investing in that dream flat.

PLAN FOR THE FUTURE TOGETHER

Now that the basics are sorted, it’s time to think long-term. Review your health, life, and home insurance policies, and make sure they reflect your new life as a couple. Have elderly parents to support? Factor that in too.

Financial security is about building a future you both want. With open communication and teamwork, you’ll be ready to handle whatever life throws at you, whether it’s unexpected hospital bills or sudden home repairs.

KEEP IT FLEXIBLE

Managing money doesn’t have to feel like boot camp. Make it a regular thing: grab kopi, whip out your budgeting app, and review your goals. Celebrate your wins, no matter how small, like sticking to a grocery budget or paying off a small debt.

Ultimately, it’s not about being perfect but about being partners. With a little give-and-take (and maybe some bubble tea or artisan coffee as a reward), you can ace this whole money-managing thing.

Image Credits: unsplash.com

Here’s to happily ever after… financially and otherwise!

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Kiasu Parents’ Guide to Financial Preps Before the Baby Arrives

#1: INSURANCE COVERAGE

When it comes to expecting a baby, it’s always wise to be prepared for the unexpected. That’s why maternity insurance is a must-have. For those who love being ahead of the game, like many Kiasu parents, maternity insurance is essential. Maternity insurance can provide financial protection and peace of mind during this significant life event.

Take, for example, Income’s Maternity 360. With a single premium, this plan offers three years of comprehensive coverage for both mother and baby, including protection against death, 10 pregnancy complications, and 23 congenital diseases. Plus, it includes a hospital care benefit, ensuring you’re covered in various situations.

#2: HOSPITAL BAG

Packing your hospital bag is an exciting step, but it’s important to plan based on your expected stay. Most mothers spend 2 to 3 days in the hospital after giving birth, though a C-section may require a longer stay. Fathers planning to stay with their partners should also consider this when packing.

Think about what will make you comfortable and prepared for those few days. For example, when my friend Lea was expecting her first child, she packed cozy pajamas, snacks, and even a favorite pillow from home, making her stay much more comfortable.

#3: HOME PREPARATION

Bringing your baby home for the first time is a thrilling moment, but it’s crucial to ensure your home is ready. This goes beyond just cleaning; it’s about creating a safe, welcoming environment.

Start by minimizing furniture and switching to non-toxic products (e.g., disinfectants and natural cleaning products). Less furniture means fewer places for germs and dust to gather. For laundry: wash sheets, blankets, and your baby’s clothes with mild detergent to avoid skin irritation. Then, consider professional cleaning if necessary.

#4: EMERGENCY FUND

Life with a baby can be unpredictable, and having an emergency fund is crucial. Aim to save enough to cover three to six months’ worth of your take-home pay. If that seems daunting, start with a smaller goal, like S$1,000, then gradually increase it.

#5: BABY-CENTERED BUDGET

Adjusting your budget to include baby-related expenses is essential. Consider ongoing costs like health insurance, doctor visit copays, diapers, formula, food, clothing, and daycare. Don’t forget one-time expenses for setting up the nursery and stocking up on baby gear. My cousin Nik created a detailed budget before her baby was born and found it incredibly helpful in managing her finances smoothly.

#6: BENEFICIARIES UPDATE

Major life changes, like having a baby, are a perfect time to review and update your beneficiaries on life insurance and retirement plans. You might still have your parents, siblings, or even a previous partner listed instead of your child. When my brother updated his beneficiaries after his first child was born, it gave him great comfort knowing his family’s future was secured.

Image Credits: unsplash.com

Preparing for a baby is an exciting journey filled with many steps, but with a little planning and forethought, you can ensure you’re ready for the adventure ahead.

Sources: 1,2, & 3

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