December 28, 2019

6 New Ways To Save Money In Singapore

Lobang from: https://www.moneydigest.sg/6-new-ways-to-save-money-in-singapore/

Improving your financial well-being does not only involve your earnings as it also involve your spending habits. The latter is important as we live in one of the most expensive cities in the world.

Despite this, there are some creative ways you can employ to save money in Singapore.

SWITCH TO KOPI

Yes! I know how a brewed cup of joe can wake up your sleeping spirits. However, you do not have to frequent a signature or a “branded” cafe in order to reap its effects. Save S$6 or more by purchasing a cup of coffee from a local kopitiam. Cut down your savings by letting your Starbucks loyalty card have its break.Or better yet, make your own coffee at home.

DISABLE YOUR AUTO-FILLED INFORMATION

Recently, I was trapped by how quick it is for me to purchase shoes online through the auto-fill feature. You see, smartphones have the seemingly safe auto-fill feature. This allows you to skip typing your credit card and other personal information. I am still not sure whether this modern feature is entirely foolproof. Nonetheless, it heightens the temptation of online shopping.

Image Credits: pixabay.com

Remove this temptation and increase your cyber-security by disabling your auto-fill feature.

PRACTICE SAYING “NO”

When faced with peer pressure and budget constraint, remember that you can always say “no”. You may feel bad for rejecting or disappointing someone. However, politely saying “no” can ensure that you spend within your means. You can join your friends next time or give a token of appreciation instead.

AVOID SMOKING

I cannot imagine how hefty it is to maintain a smoking lifestyle in Singapore. The country charges so much tax for it. Not to mention, there is a possibility to get fined when caught in a “No Smoking Zone”. As of the time of writing, smoking cigarettes is banned in Orchard Road (No Smoking Zone). Individuals can only light up their sticks in designated areas within the precinct. Smokers who are caught can be fined with a minimum of S$200 and a maximum of S$1,000 once convicted in the court. Being caught smoking is one of the fastest routes you can take to deplete your budget. Are you willing to risk that?

TAKE ADVANTAGE OF THE FREE ENTERTAINMENT

The Red Dot may be expensive, but there are still a myriad of free stuff to enjoy. For starters, you may indulge in the scenic views that Gardens by the Bay and Fort Canning Park have to offer. These spots have been pleasing locals and travelers alike.

Image Credits: pixabay.com

Aside from the natural attractions, you can search through the island for some free entertainment. Esplanade, Singapore’s performing arts center, hold interesting exhibits and concerts on a regular basis. Free concerts take place within their small amphitheater outside the main building. Search through Esplanade’s website to learn more.

SKIP ON THE BOTTLED WATER

It comes as no surprise to many locals that a bottle of water can cost anything from a dollar or more. Do not get me started with the artisinal bottles that come with the luxurious branding! With this in mind, you must fulfill your needs without having to deplete your daily budget. Drink perfectly safe water by consuming the tap water available around the country, especially in the tourist attractions. Singapore tap water is colorless and odorless. Bring along a tumbler or a collapsible cup to quench your thirst whenever you feel.

Sources: 1 & 2

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Unique Business Ideas For Year 2020

Lobang from: https://www.moneydigest.sg/unique-business-ideas-for-year-2020/

Envisioning a business framework can be a mind-bending task. You need to come up with a simple or an unusual idea that will bring profitable margins. Opportunities are bountiful, but many people have difficulty in recognizing them. What separates a successful entrepreneur from others is his or her ability to see and seize the opportunity.

On that note, here are some unique business ideas to consider next year.

#1: LOGO DESIGNER

As I was watching a renowned Tattoo artist review the different tattoos seen in cinema, I realized how important branding and logos are to a person or a business. It emphasizes ones beliefs and sends out a message. Help your clients send out the “right” message by designing their logos for them. Offer your design services to help businesses brand their materials or products.

#2: VINTAGE RESELLER

The entrepreneur behind the fashion maven Nasty Gal started out as a vintage reseller. She thrift shops and sells vintage items online for a higher premium. You can do the same by curating your own vintage or pre-loved collection.

You do not have to actually make or own your products in order to showcase your creativity. Simply resell these items online and use your photography skills to attract more customers in Instagram, Carousell, and beyond.

#3: HEAD LICE REMOVER

Bugs and pests are nasty! Fortunately, you can make a fortune out of it by providing “removal services”. Head lice are out there and come when you least expect them – scavenging on your child’s hair. With a few medicated shampoos and oils as well as a set of combing tools, you will be able to help several mothers out there!

#4: MANNEQUIN SELLER

Whether you acquired mannequins by chance or by choice, you can re-sell or rent them out to businesses or individuals who need them. Is there a retail store coming up in your neighborhood? Offer your services with a discount to start a professional relationship. Who knows? They might branch out in a year or two.

#5: JEWELRY VENDOR

Josh Opperman started his website called I Do, Now I Don’t when he was left by the woman he was supposed to marry after a three-month engagement period. When he took his fancy ring back to the jeweler, he was offered US$3,500 for it. He refused ad he paid over US$10,000 for its original price. Imagine that!

Image Credits: pixabay.com

Hence, he opened a website that allows people to sell their engagement rings for a friendlier price that the jewelry store. Think of it as Carousell or Craigslist for fine jewelry. Now, you may adapt the same business framework and put a local twist to it.

Sources: 1 & 2

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