money management Archives | MoneyDigest.sg

Marriage & Family

Financial Challenges of Wedding Preparation and How to Overcome Them

Weddings are notoriously known for being expensive and stressful. Be prepared to plan for a year for an event that will happen instantly in a day. The possible options are overwhelming! Not to mention, countless wedding vendors are vying for your attention. You might want to brace yourself, because the average cost of a wedding in Singapore ranges between S$22,200 and S$52,800. During the process of wedding planning, engaged couples often make financial mistakes that affect their future. Here’s how

Lifestyle

Avoid Wasting Your Money on These CNY Items

In the Singapore calendar, Chinese New Year (CNY) is one of the most awaited events. The Lion City is hopping with excitement in anticipation of the festivities ahead. To save money when celebrating the first day of CNY on January 22, please remember not to waste your money on the following items. #1: PURCHASING EXPENSIVE DECORATIONS Making your own decorations should not only be reserved for preschoolers. If your home looks attractive to the hungry ghost, start brightening up the

Personal Finance

What Is the Importance of Money Management?

Creating your budget is crucial, but managing your budget is arguably even more important. You cannot just write down a budget at the beginning of the year and never look at it again. You must continuously manage your money with an updated budget to monitor your finances for every month. Moreover, this budget will guide your plans to achieve your long-term goals. On that note, let us discuss the definition of Money Management. What Is Money Management? The process of

Personal Finance

How to Maintain a Great Relationship with Money

Establishing a healthy relationship with money takes effort, but it pays off. You must manage the highs and lows, and everything in between. #1: PUT IN EFFORT FOR IT TO FLOURISH Much like any other relationship, you have to put in effort to your finances for it to grow. A positive mindset and the right attitude towards money can help strengthen your relationship. Plant the seeds of appreciation and contentment for what you already have. Perhaps, you are grateful for

Marriage & Family

Advantages and Disadvantages of Having a Joint Bank Account

Financial matters are one of the top-cited reasons why conflicts in marriage occur. Although some couples do not like talking about money, it is still a key area to discuss with transparency and respect. Every relationship is different and there is no single right solution to tackle the finances of a couple. Having a joint bank account may be God sent for one couple, and a disastrous ordeal for another couple. Choose a solution that works best for you and

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