Personal Finance

How To Set Better Financial Boundaries

Establishing boundaries is important in living a happier and healthier life. For starters, boundaries can help you protect yourself from emotionally draining people or help you build stronger relationships. Limitations are also vital in creating professional relationships founded by efficiency and awareness. However, there is one area in our lives that some are not so keen to establish. I am referring to the financial boundaries. It is easy to overstep our own financial boundaries and keep making mistakes that will

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Savings

Why Is It So Hard To Save?

With the surge of expenses from left to right, many find it difficult to save money on the side. The difficulty arises not only due to the lack of self-control, but also due to our perception. Harvard Economics Professor Sendhil Mullainathan tells CNN Money that “it is human nature not to save, but we can get better at it”. #1: ACCEPTANCE The first step to building your savings is acceptance. Accept your current financial situation and today’s economy. Whether you

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Savings

Surefire Ways To Save Money As A First Time Parent

Congratulations on becoming a new parent! Welcoming another human being into this world can change your life in many ways. Most of these changes are for the better. While, some changes are challenges too. I am referring to the hefty price tag attached to child-bearing and child-rearing. You have to spend about S$8,000 to S$18,000 a year for that. You read that right! You will be spending five figures on groceries, clothes, toys, diapers, hospital visits, and daycare. With a

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Career and Enterprising

Surefire Ways To Save Money As A Freelancer

The essential benefits (e.g., health insurance or retirement contributions) indulged by the freelancers are their primary responsibility. It comes along with a variety of other expenses including operating costs. It comes with a variety of problems including late payment from clients. As a result, freelancers must save more money. #1: EMPLOY THE ZERO-BASED BUDGETING SYSTEM Zero-based budgeting entails telling each dollar where it is going to go. Simply put, the money that comes in (net income) minus the money that

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Personal Finance

Surefire Ways To Save Money Aside From Quitting The Lottery

One of the pastimes that my father has passed on to us was betting on the lottery. Whether you are an avid fan of the 4D or TOTO, many people believe that winning these can give them a shot to be a crazy rich Asian overnight. Reality check! That is not the case for many of us. In fact, a recent Facebook post showed that you can earn a significant amount of money by saving your “lottery funds”. Eilin Tan

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