What simple piece of advice could potentially save people a lot of money?

[Guest Quinn]

What simple piece of advice could potentially save people a lot of money?

[Guest Guest]

1 hour ago, Guest Quinn said:

What simple piece of advice could potentially save people a lot of money?

 

Stop buying bubble tea.

[amplify]

Stop smoking.

[Guest Neh Neh]

Stop spending unnecessarily including traveling oversea for holidays.

[lonelyglobe]

Cut away your credit card 

[Firday]

3 hours ago, Guest Quinn said:

What simple piece of advice could potentially save people a lot of money?

no spending money

no buying 

both the same but on "need" and "want"

 

during this cb period - i save soo much on transportation,entainment and food.

so i can say thru experience i did save a lot of money - thru my finding.

 

 

[Firday]

Just now, Firday said:

no spending money

no buying 

both the same but on "need" and "want"

 

during this cb period - i save soo much on transportation,entainment and food.

so i can say thru experience i did save a lot of money - thru my finding.

 

 

simple like 123 or abc

 

 

[lean n mean]

don't drive if you really don't need to. do the math on the savings. 

Edited May 3, 2020 by lean n mean

[Guest Sitting Zen]

4 hours ago, Guest Quinn said:

What simple piece of advice could potentially save people a lot of money?

By not thinking about money all the time.

[Guest Guest]

16 minutes ago, lean n mean said:

don't drive if you really don't need to. do the math on the savings. 

 

 Noooooooo....... I really love my car.... a simple car that will allow me to roll at a nice steady speed from one end of the country to the other end. without the need to cramp myself together with maybe 1000 other people in a single carriage. No amount of savings will ever sway me from that pleasure.... And even when I am trapped in a traffic jam, I can still enjoy the nice cool comfort of my car with my aircon blowing into my face, and listening to my favorite song streamed from my phone, while enjoying all that space around me...    

 

 

[evianguy]

On 5/3/2020 at 7:48 AM, Guest Quinn said:

What simple piece of advice could potentially save people a lot of money?

He only likes you for your money

[Guest Guest]

On 5/3/2020 at 7:48 AM, Guest Quinn said:

What simple piece of advice could potentially save people a lot of money?

Stay anywhere except Singapore, the most expensive city in the world. The amount of taxes we pay, high gst are so high. And 20% CPF!

[fab]

Quit smoking, alcohol,  gambling and prostitution. 

[Guest exsmoker]

On 5/3/2020 at 11:03 AM, amplify said:

Stop smoking.

 

yes. and better health too.

[Guest Kanasai]

Only spend what you can afford lah. 

Only invest what you understand lah. 

Learn to cut your losses and not hold on to relationship or investment that you don't see a future. 

Alamak... So simple also need people to tell you meh.. 

[Kimochi]

Be prudent but not be a miser. 

[wilfgene]

4 hours ago, fab said:

Quit smoking, alcohol,  gambling and prostitution. 

Who are you kidding?

You paying for sex.

4 hours ago, Kimochi said:

Be prudent but not be a miser. 

Money or semen?

 

It is indeed a pleasure to spend money,

it is also a pleasure to afford to spend yet not spend the money.

[Guest Cook]

Learn to cook.

U not only save money, but also get to eat more healthily. This will in turn save u money on medicine.

[Guest Guest]

Give away ur money only to ur family member not to kong hee and gang. 

[sum1outhere_03]

I'm still an amateur for this hence I'm only advising based on experience. (PS: There is no investment portion as I am not an expert in this. Am still learning and am a low risk tolerance for investment too)

 

• Set up multiple banks: 1 for your daily spending (get a convenient bank, e.g. POSB so you can withdraw easily), and 1 for your savings (preferably one that does not have many branches but convenient enough for you to do monthly deposits, e.g. Hong Leong, Maybank [you must be disciplined enough not to use this to spend]
• Push about 20% of your earnings to this savings account. If possible, you can push the "relatively spare" cash to say investment insurances or other insurances that interest you
• Spend as per how you can budget (e.g., how much you need for your essentials, i.e. transport, makan, some entertainment, once-a-while-purchases) and stick to this amount as much as possible.
• Use an Excel spreadsheet to budget and track your spending.
• If you're not a fan of giving to those whom you think is not worthy of your monies (e.g. church), give to your parents instead. Set aside about 10% for this.
  They'd be more willing to help you save or spend for your home-cook food. After all, they gave birth to you and grow you.

Edited May 6, 2020 by sum1outhere_03

[Guest Introvert]

On 5/3/2020 at 7:48 AM, Guest Quinn said:

What simple piece of advice could potentially save people a lot of money?

Aging is part and parcel of life.  Anti-aging cosmetic wouldn't work, same for slimming parlour.   Try to be anti-social, it help save money, at the same time nobody will notice whether you are good looking or not and that save on recklessly buying skin-care product too.  Do your sum. 

[Kimochi]

On 5/4/2020 at 9:29 PM, wilfgene said:

Who are you kidding?

You paying for sex.

Money or semen?

 

It is indeed a pleasure to spend money,

it is also a pleasure to afford to spend yet not spend the money.

Haha save money at right time and not be miser at times. Applies to money. As for semen....  Hmm...  

[wilfgene]

27 minutes ago, Kimochi said:

haha save money at right time and not be miser at times. Applies to money. As for semen....  Hmm...  

To spend or not to spend, that is the Question.

Who calls the shot whether it is the right time to spend YOUR money?

Specifically, your underwear looked anything but cheap,

even more valuable,used and unwashed.

Directly through payment or candle lit dinner or diamond ring, on wedding finger or cock?

Pure frugality may be highly advisable, especially NOW.

(Just fantasize you)

Edited May 6, 2020 by wilfgene

[practease]

On 5/3/2020 at 7:48 AM, Guest Quinn said:

What simple piece of advice could potentially save people a lot of money?

 

Either be a "None for sum" or a "Nun for some"".

[Guest posb]

2 hours ago, sum1outhere_03 said:

I'm still an amateur for this hence I'm only advising based on experience. (PS: There is no investment portion as I am not an expert in this. Am still learning and am a low risk tolerance for investment too)

 

• Set up multiple banks: 1 for your daily spending (get a convenient bank, e.g. POSB so you can withdraw easily), and 1 for your savings (preferably one that does not have many branches but convenient enough for you to do monthly deposits, e.g. Hong Leong, Maybank [you must be disciplined enough not to use this to spend]
• Push about 20% of your earnings to this savings account. If possible, you can push the "relatively spare" cash to say investment insurances or other insurances that interest you
• Spend as per how you can budget (e.g., how much you need for your essentials, i.e. transport, makan, some entertainment, once-a-while-purchases) and stick to this amount as much as possible.
• Use an Excel spreadsheet to budget and track your spending.
• If you're not a fan of giving to those whom you think is not worthy of your monies (e.g. church), give to your parents instead. Set aside about 10% for this.
  They'd be more willing to help you save or spend for your home-cook food. After all, they gave birth to you and grow you.

You can open the POSB My saving acct. can set every month how much you want to set aside from your saving acct to this mysaving acct. I tried to put in a fixed term but was advised by banker to open my saving acct which have higher interest than fixed term.

[thickhead79]

Invest in Unit Trust or ETF better?

[GKS]

Don't use Credit card for the first three years upon graduation. 

[Guest Hot Swimmer]

First, goto library, borrow and read the book "7 habits of highly effective people".

Then stick to 3, 3, 4 saving habit to portion out 30% of your monthly income into a seperate saving account for setting up emergency fund. Portion out another 30% of your monthly income for studies, knowledge upgrade, yearly travelling. Portion out the last 40% for expenses. Keep total monthly expenses within 40% limit.

[Kimochi]

On 5/6/2020 at 1:17 PM, wilfgene said:

To spend or not to spend, that is the Question.

Who calls the shot whether it is the right time to spend YOUR money?

Specifically, your underwear looked anything but cheap,

even more valuable,used and unwashed.

Directly through payment or candle lit dinner or diamond ring, on wedding finger or cock?

Pure frugality may be highly advisable, especially NOW.

(Just fantasize you)

Haha why fantasize me ~ 

[wilfgene]

13 hours ago, Kimochi said:

Haha why fantasize me ~ 

Haven't you realized?

It's the one we don't get or get to purchase that is the best.

[bluerunner]

Just know how to save money will not make you have a lot of money. Money makes money. You need to let your money work to make more money. During this COVID19 period, that’s not advisable. Keep your money now, avoid unnecessary spending. When the economy recovers, hopefully you would have saved enough to let you money work hard for you. 

[mate69]

21 minutes ago, bluerunner said:

Just know how to save money will not make you have a lot of money. Money makes money. You need to let your money work to make more money. During this COVID19 period, that’s not advisable. Keep your money now, avoid unnecessary spending. When the economy recovers, hopefully you would have saved enough to let you money work hard for you. 

 

Exactly! 

[Guest frugal]

avoid going to sauna too many times, and set a clear budget for it

 

you realise that once you cummed, you wasted money on sauna, fight that instinct and stay home to DIY

[Kimochi]

11 hours ago, wilfgene said:

Haven't you realized?

It's the one we don't get or get to purchase that is the best.

Hmm ~  thats profound yet meaningful. Also saves money! 

[Guest MAGAKAG]

Stop following fashion trends

[Guest Mary]

On 5/3/2020 at 7:48 AM, Guest Quinn said:

What simple piece of advice could potentially save people a lot of money?

Buy what you like, do what makes you happy 

 

life too short dont hesitate 

 

That is the right thing to do 

[mate69]

3 hours ago, Guest Mary said:

Buy what you like, do what makes you happy 

 

life too short dont hesitate 

 

That is the right thing to do 

 

Until u run out of money, that is

zzz

[Guest Stephen]

If you were living in Singapore, private vehicle is no longer a must.

[Guest Warren]

You will save 100% if you don't spend anything

[Guest Introvert DNA]

Being anti-social and homely.   You avoid getting judge by others, you stop comparing yourself with the outside world,  You are less likely to attract to materialistic junk and most importantly, you spend less on travelling and eating expensive foods.  The money saved, can pay for necessities like utilities, internet subscriptions and groceries.  If you rent out a room, being homely will help to keep a close watch on your tenant too.

[Guest thriftyguy]

Don't eat out and make your own meals. I have been doing this for many years and save lots of money. watch YouTube vid on simple mealprep ideas. I usu do my meal preps on Sunday for a week worth of lunch meals. meal preps take at most an hour. 

[Guest mcma]

use condoms instead of Prep.

[Guest Guest]

Don't ever get married in Singapore. The Women's Charter here is very powerful. 

[lonelyglobe]

Remove all kind of apps,  like grab, shoppee etc.. Definitely can see a huge saving every month. 

[Guest Add your list]

Things that are expensive and unnecessary:

 

1)  Health Supplements

2)  Cosmetics products

3)  Skin care products

4)  Hair care products - you cannot grow hair mean cannot grow. 

5)  Toys collectibles

6)   Hobby like Cyrstals, aquariums, gardening, pets

7)   Instant beverage mix powder - local, korea or Japan.

😎 Certain fruits like Durian

9)  Fanciful kitchen wares

10) Jewelleries

11)  Books

12) Expensive exercise Shoes (when you are not exercising at all)

13) Fragrant candles

14) Christmas trees

15) Cars

16) Bicycle (Some family kept half a dozens for each member)

17)  Spice Jars with different spices you don't need for cooking

18)  Entertainment (movies, birthday party, house warming, graduation party)

19)  Alcohol, Cigarette, gambling, paid sex.

20) Regular travelling

21)  Smart phone trend

 

Anymore?

[Guest ADDED]

18 minutes ago, Guest Add your list said:

 

 

Anymore?

Live in monastery or nunnery  

 

4 hours ago, Guest Guest said:

Don't ever get married in Singapore. The Women's Charter here is very powerful. 

Yes. Bunch of gold diggers. No wonder so many gay men

[Beaveheart]

14 hours ago, Guest Add your list said:

Things that are expensive and unnecessary:

 

1)  Health Supplements

2)  Cosmetics products

3)  Skin care products

4)  Hair care products - you cannot grow hair mean cannot grow. 

5)  Toys collectibles

6)   Hobby like Cyrstals, aquariums, gardening, pets

7)   Instant beverage mix powder - local, korea or Japan.

😎 Certain fruits like Durian

9)  Fanciful kitchen wares

10) Jewelleries

11)  Books

12) Expensive exercise Shoes (when you are not exercising at all)

13) Fragrant candles

14) Christmas trees

15) Cars

16) Bicycle (Some family kept half a dozens for each member)

17)  Spice Jars with different spices you don't need for cooking

18)  Entertainment (movies, birthday party, house warming, graduation party)

19)  Alcohol, Cigarette, gambling, paid sex.

20) Regular travelling

21)  Smart phone trend

 

Anymore?

Junk food like salted egg potato chips

Starbucks type coffee takeaway

Fanciful overpriced tea leaves

[auscent]

Many products deemed modern (eg: takeaway coffee, mindless online shopping, food delivery) have alternatives that save money and provide joy. 

[Guest sauna]

stop visiting sauna

[Guest Cheap comparison]

3 hours ago, Guest sauna said:

stop visiting sauna

Sauna is cheaper than spending food at Mcdonald or KFC or Burger King.