Happy Lunar New Year!! Save with Waves of Ways!

Hi to all,

Wishing all chinese a prosperous and joyous chinese new year!!

Today is Chu5 and most people would have went back to work and slowly tapering down the festive mood.

After giving out many angpows during the festival, it is time to do a stock take on the expenditure this year for CNY!

I came across these websites which may help to recoup some $$ and save more for the next year!

Love the writers’ effort and research.

check them out!!

Highlights

1)

Attend flea markets


Source

My all-time favourite activity is going to flea markets and digging up clothes stacked upon treasure trove worth of clothes. The flea markets in Singapore sell a plethora of new and pre-loved goods ranging from charming old-school watches, cosmetics, clothes, to even laptop sleeves and stickers.

It is where I bargain for clothes and get my adrenaline shots by “chionging” for mad deals. If you don’t mind getting pre-loved items, this place will be heaven to you. Most clothes, even branded ones, sell for a fraction of what they are retailing for. Best of all, you get to bargain! My best buys include a brand new pair of Bershka jeans at $8 and a pair of Vans at $10.

Some well-loved flea markets in Singapore you don’t want to miss: SCAPE Bazaar (every Thurs- Sun, 12pm-10pm), Flea Party (Lucky Plaza Level 6, every Saturday 1-7pm), and the occasional one at the Singapore Flyer Skydeck.

– See more at: http://www.thesmartlocal.com/read/29-money-saving-life-hacks-for-singaporeans#sthash.wPV3Xz1Y.dpuf

2)

Saving Without Investing
Both I and Mr. Tan Kin Lian have mentioned emergency funds. That is, six months worth of savings in a bank account. As it turns out, Singaporeans are pretty enthusiastic about this; like Sub-Saharan scavengers, we’ll build a reserve and never touch it. Not even if it comes to boiling our own toenails for supper.

The problem is, we don’t know when to stop. Plenty of Singaporeans cross the six month mark, and then decide “forget investments, I might lose money. Better keep dumping all the cash into the emergency fund, forever.” Gradually, the “six month” fund transforms into a sub-par retirement plan. Then low interest and high inflation kick in, and the fund’s value starts diminishing at a monstrous rate. When retirement does come around, we’re left wondering where all the money went.

Saving without investing is losing money. There is no way $2000 now will be worth $2000 in ten years.Every year you leave money in a savings or current account, inflation chews up a percentage of your total wealth. So stop once your emergency fund is built, and start investing instead.

http://sparklette.net/lifestyle/singapore-money-saving-tips/

http://www.thesmartlocal.com/read/29-money-saving-life-hacks-for-singaporeans

http://www.menshealth.com.sg/guy-wisdom/money-saving-tactics-could-cost-you

http://www.imoney.sg/articles/6-money-saving-mistakes-people-commit-in-singapore/

Credit Rating Of Yourself

Ever wondered by the credit card you applied for got rejected?

Have you been paying your bank loans and credit card bills late and then asking for waiver?

All these lack of discipline attitude not only make you lose money upfront but also a great opportunity cost as you cannot buy some instruments that will appreciate just because bank refused to give you a decent loan. This is actually our own doing.

Agreed?

major loan