Strategy 1:: Eat Your Breakfast Every Morning
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.
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 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 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…
- My Quitting Story – Why I Left My Old Agency For The “Greater Good” - May 27, 2024
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- 5 Secret Ways To Make You Feel Better When Handling Challenges In Your Life - May 22, 2021
This post was written by:
- My Quitting Story – Why I Left My Old Agency For The “Greater Good” – May 27, 2024
- Islamic Financial Consultant, Helmi Hakim is back…. – February 7, 2023
- 5 Secret Ways To Make You Feel Better When Handling Challenges In Your Life – May 22, 2021
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.