1. CREDIT YOUR SALARY Get your salary credited into your bank account to dismiss the lure of spending your it right away. Update your bank account details with your employer and follow the terms and conditions of your bank so that your income gets credited correctly. In Singapore, these two savings account will give you the best interest rates per month: OCBC 360 Account and DBS Multiplier Account. 2. CONVERT YOUR CASH According to the Economist Intelligence Unit, the US
When it comes to money management, starting early is always a good idea! 1. KNOW THE TRUE VALUE OF MONEY When I was a teen, my sister and I spared a portion of our allowance in order to by the latest CD released by our favorite boy band. Instead of asking our parents for money, we worked patiently for it. That way, we understand the true value of money. Aside from being a student, if you have a part-time job,
For most people, 20s was the decade that defined who they became for the rest of their lives. It is the era of endless exploration and distinctive decision-making. Not to mention, it is the time that you establish your spending habits. If you are in your 20s right now…take the time to invest in yourself, to learn about personal finance, and to get on the right track. Start by observing the healthy financial habits and diminishing the unhealthy financial habits.
IMPROVE YOUR PERSONAL FINANCE 1. ELIMINATE AN EXPENSE Spend at least 5 minutes on examining your last month’s utilities bill or last month’s credit card statement. Use your hawk eyes to look for one unnecessary expense that you can reduce. Whether it is the unusable gym membership or the expensive dinners at the restaurants, you must commit on eliminating it and saving more. 2. KEEP THINGS SIMPLE Save more on clothing and handbags by keeping your closet “simple”. You do
1. RECYCLE MORE OFTEN You can recycle your gorgeously patterned old clothes by sewing it into pillowcases or teapot covers. On the flip side, you can accept mint condition hand-me-downs from family and friends especially those who have baby clothes or infant toys. Do not be too picky! These said items are not utilized a lot since babies grow significantly every day anyway. 2. REFRAIN FROM USING CARDS A surefire way to save money while shopping is to leave your