When it comes to spending less and saving more, it is tempting to bury our heads in Sentosa’s sand. The way we manage our finances today is entirely different from the way money was managed in the past. It is getting increasingly easier to spend money, and more challenging to save money. When done right, budgeting can direct a series of clever financial choices to move you closer to the things you want out of life. Take the time to
With a handful of coins in your pocket, you are wondering what unnecessary item you can splurge on in the school bookshop. Good times, right? Singaporean students in the near future will no longer experience the same thing as they will be using the cashless method soon. By 2025, most of the students in Singapore have the option of using e-payment for purchases made in school bookshops and canteens. Instead of giving pocket money, students will be given cards or
As you gloss over the pages of old personal finance books, you will realize that they stress on the importance of creating a budget and sticking to it. Poof! All your financial problems will be solved in a snap. However, life is not as simple as that. Budgeting is the process of creating a financial plan based on your estimated revenue and expenses over a period. It is a complex task that takes your entire financial profile into account. It
Having money allows you to live the life you desire to live, if you spend it wisely. You have to weigh whether an item is an essential (need) or a non-essential (want) expense. In some cases, you have to spend more at the moment to save more in the long run. Certain items are worth splurging on to help you earn more money or experiences in the future. Here are just some splurges that are actually wise savings: #1: PURCHASING
The Financial Mindset is a predetermined set of beliefs about money. Although you cannot verbalize what your mindset is, it still exists. We all have this set of beliefs within us! It is important to note that your financial mindset affects the energy you give off and the energy you receive. With a new decade, it is high time to refresh your finances with your financial resolutions or goals. Laying out your new financial resolutions or goals can help shift
