Top 5 Strategies To Save More Money In Singapore…

Strategy 1::  Eat Your Breakfast Every Morning

breakfast

Breakfast is the most important meal of the day.

Research shows that if you skip your breakfast, you will tend to feel hungrier later and overeat during your lunch.

When you overeat during your lunch, you will spent more money on food.

Eat your breakfast every morning.

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Strategy 2 :: Use Public Transportation

In Singapore, we have arguably, the best transportation system in the world.(though some may disagree vehemently now)

Take advantage of Singapore’s famous “BMW”, (Bus, MRT, Walk)

….and you’ll save more dollars.

You save on your vehicle maintenance, your vehicle loan, your vehicle insurance, your petrol cost (which is increasing incredibly these days) and more.

car

Do you know that your vehicle NAV (Net Asset Value) depreciate by $5000, the moment you bought it?

Unless you are in a sales job with a lot of money making appointments or you need to use your vehicle as a “social proof” to tell your clients how successful you are, I recommend you to take public transport.

With more ERP gantries in Singapore, it is also advisable to take public transport.

In addition to that, you get more exercise throughout the day, which keeps your heart, immune system, and brain healthy.

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Strategy 3 : Read The Newspaper Online

All major newspapers have their own website.

They update it every single hour.

You can go to these websites:
1) www.channelnewsasia.com
2) www.straitstimes.com
3) www.newpaper.com.sg
4) www.beritaharian.com

One day, you save $1, 30 days, you will save $30.

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Strategy 4 :: Clear Your Credit Card Debt

credit card
Credit card interest rates are very expensive.

24% a year.

If you save your money at an interest rate like what credit card companies charge you, your money will double every 3 years.

Your credit card company is earning like Warren Buffet at your expense if you choose to be a victim to this vicious cycle.

If you cannot afford to pay your credit card bills, borrow money from your parents, brothers, sisters and return them 10% extra. (You still save 14%)

Then, terminate your credit card and get a debit card.

You got to ignore your ego to salvage your own financial future.

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Strategy 5 :: Use Your Community Library

I bought a lot of motivational, financial, inspirational books, and I treat it as an investment.

However some reading materials follow the trend.

Example- Gossip magazines, fashion magazines etc.

If you need to read such magazines, go to Woodlands Library at Civic Centre.

They have lots of magazines for you to choose from.

You will be spoilt for choice.

Through the library, I am able to borrow motivational, financial, spiritual CDs which cost a bomb elsewhere for FREE.

I save hundreds of dollars, while at the same time being able to enjoy what others enjoy too!

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Now, if you feel the financial tips that I have shared above is useful, I have 28 more tips to share with you.

I have written an e-book, 33 Ways To Save More Money in Singapore with Preferred Checking Account, and has recently updated them! Click the link here to downlod it for FREE!!! 🙂

http://savemoney.helmihakim.com/blog

p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…

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This post was written by:

- who has written 440 posts on The Official Helmi Hakim Website.

A certified financial consultant, Helmi Hakim has won praise for his patience, perseverance and practicality when solving his clients' financial concerns. For more information on how you can manage your finances better, contact Helmi Hakim at 96520134.

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One Response to “Top 5 Strategies To Save More Money In Singapore…”

  1. Florence Says:

    You can use an app called Juyyo (http://www.juyyo.com) to find promotions and discounts. Over time, you can be amazed on how much money you can save.


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