Hi There,

Saving money is like having a sundae without the toppings! Buy and eat what is essential and not getting those extras that will make things heavenly. Is it really important to save? Not necessary if you are spending on investments wisely, who needs to save? Spending boosts economy hence you are doing your part for the country’s GDP!

However, if you are not able to protect your money, then better take the easier way for a safer net, SAVE!

http://business.asiaone.com/personal-finance/investments-and-savings/4-singaporean-habits-are-complete-waste-money20151024_wastemoney (1)

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A deafening roar against undesirable habits of spending

https://www.drwealth.com/2015/05/07/to-buy-or-not-to-buy-introducing-utility-cost/?utm_medium=SOCIAL&utm_source=FACEBOOK&utm_campaign=POST_11MAY15

Rules of saving money
1) know how often you wear
2) know how often you use
3) cost of item

These considerations may deter you from spending. We all know buying is emotional and depend on individual’s perceived value. Do watch out!

Common mistakes of amateur used car buyers

Good learning pointers especially now with the trend of buying preowned cars!

sg.yahoo.com–  Motor Trader Sun, Sep 14, 2014

Buying a used car requires far more skill than when opting for a new one. It takes a trained eye to spot mechanical issues and a ear that isn’t too eager to buy into the salesman’s claims.

Buying a used car, a vehicle that has been used and abused by someone unknown to you, is a daunting task for many. The thought of having to deal with dodgy salesmen, questionable vehicle condition and the discrepancy of its paperwork, are reasons why many avoid buying second hand cars.

The main reason many get burned isn’t because most second hand car dealers are looters and pillagers, though that’s how some dodgy ones make a living. It’s just that buyers aren’t aware of the basic How-to of car buying, a skill every individual who is thinking of buying a pre-owned car must have. Today, we are going to take a look at some common mistakes many amateurs make when testing the waters i.e. opting for a used car instead of a new one.

Mistake #1: Taking the word of the salesman

Regardless of how well he is dressed or trustworthy he may seem, be wary of him trying to talk up the car. Words like accident-free, low mileage and “very good condition” are thrown out there like gospel truth when in actual fact, the exact opposite is true. Inspect the vehicle yourself or do one better and take your trusted mechanic with you for a full inspection.

Mistake #2: Just because it looks good doesn’t mean it’s mechanically sound

It is standard procedure to clean a vehicle inside and out, to make it as presentable as possible. Don’t be surprised when you pop open a used vehicle’s hood to see an engine bay that looks brand new. Looks can be deceiving as appearances don’t necessarily correlate to a well oiled machine. Achieving such perfection requires nothing more than a tin of kerosene, an old rag and some elbow grease.

Mistake #3: Be wary of a “cut and shut” job

Many first time used car buyers aren’t aware of this age old trick of putting vehicles that have been involved in severe accidents back on the road at minimum cost. A “cut and shut” or “half-cut” as it is known over here, is a method where the entire front end of a damaged vehicle is cut off and replaced with that of a donor one. Though both are identical, after a cut and shut job, the integrity of the vehicle’s body structure will be severely compromised. In the event of a crash, the crumple zones will not be able to absorb the impact as intended and instead the entire body will crumple like a sardine can. The best way to spot a cut and shut job is to look for welding work near the vehicle’s firewall and A-pillars.

Mistake #4: Not insisting on taking a test drive

Many dealers refuse to offer test drives to potential buyers either because they don’t think you will actually buy the vehicle or worse, that they are trying to hide certain faults. The only way to know for sure that a vehicle is in good condition, is to take a short test drive. You will be amazed of how much you can learn by spending just five minutes driving the car instead of walking around it and kicking the tyres. If you are refused a test drive or told that you will be given one once you have put down a deposit, just walk away. If they do not value your time enough to warrant a test drive, you shouldn’t be giving them your business.

Mistake #5: Neglecting to look at the paperwork

Never deal with unscrupulous dealers, especially those who aren’t too comfortable showing you the vehicle’s documentation. This could be the sign that the vehicle is involved in some legal matters or worse, stolen. After you are satisfied with the condition of a vehicle, ask to be shown the vehicle’s grant and relevant servicing paperwork. If a dealer refuses to furnish such documents, no matter how convincing the excuse maybe, do yourself a favour and walk away.

Source: Motor Trader

15 Great Hipster Cafes Where You Don’t Have To Pay for Service and GST

Lifestyle – May 30, 2014

Start off your romantic date by paying a little lesser yet meeting the objective of being a hipster! 🙂

 

 

b2ap3_thumbnail_Wheelers-Yard

 Singapore is never going to have a claim to fame when it comes to eating brunch. In fact, when did it suddenly become acceptable to wake up before 11am on a Saturday morning? Anyway, with some places defying the definition of “hipster” when it comes to pricing, The Smart Local shares 15 places that you can have a kickass brunch at AND not have to worry about service charge and GST! Note: if you do have a great experience, tips are generally a nice way of saying thanks: 

We’ve all experienced it before. You happily go to a cafe and order your eggs benedict and artisan coffee. But when the bill comes, along with it comes a whole bunch of extra charges and you end up paying way more than expected. Not cool.

To save your wallets from eternal emptiness, we’ve come up with a list of 15 cafes that charge neither service tax or GST. Now you’ll know exactly what you’re paying. 

1. Windowsill in the Woods

Source: Windowsill Pies

Address: 78 Horne Road, Singapore 209078

This unique cafe was first featured in our list of 18 Most Delicious Restaurants Under 15 Dollars. They serve beautiful looking, and incredible tasting sweet pies. If that isn’t enough, the cafe itself is also totally adorably decorated. 

2. IWannaGetStuffed

Source: IWannaGetStuffed

Address: 801 Tampines Avenue 4, Singapore 520801

If you’re in the east and looking for a place to get simple, yet hearty Italian food then head on over to IWannaGetStuffed. Located in a simple neighbourhood in Tampines, this place provides great service and continues not to charge for it! 

3. Mean Bean and Wicked Grind

Source: @meanbeanwickedgrind

Address: 7500A Beach Road, The Plaza #01-337, Singapore 199591

Mean Bean and Wicked Grind (MBWG) is another unique cafe where the menu changes every single week. (Nope you did not read that wrong). The owner believes in keeping things fresh by switching up suppliers. Don’t you love people who are dedicated to what they do? 

4. Lola’s Cafe

b2ap3_thumbnail_Lolas-Cafe

Source: @daphniciouslee

Address: 5 Simon Road, Singapore 545893

Come here if you’re looking for a hearty brunch meal (yes, they have Eggs Benedict on the menu) on the weekend and don’t want to have to fork out extra for taxes! 

5. The Living Cafe

Source: The Living Cafe

Address: 779 Bukit Timah Road, Singapore 269758

This cafe specialises in serving raw food. Yup that’s right. A lot of the items on the menu aren’t heated above 48 degrees Celsius and the ingredients aren’t processed or chemically altered. Your body will be thanking you after a meal at this cafe. 

6. Wheeler’s Yard

b2ap3_thumbnail_Wheelers-Yard

Address: 28 Lorong Ampas, Singapore 328781

Wheeler’s Yard is super unique because not only is it located in a warehouse, its also the site of a bicycle workshop. I could go on forever about how awesome this place is but I suggest you read Si Min’s Review of Wheeler’s Yard instead. 

7. Assembly Coffee

Source: @ig_honeybeesweets

Address: 26 Evan Lodge, Singapore 259367

If you’re looking for top quality coffee then look no further. The people at Assembly pride themselves on being part of the third wave coffee movement. I honestly have no idea what that means but hey, the coffee here is so good, it almost doesn’t even matter. 

8. Drury Lane

Source: @josiegoesweeeee

Address: 94 Tanjong Pagar Road, Singapore 088515

There’s nothing dreary about Drury Lane. In fact the atmosphere here is nice and lively and its a great place to chill with your buds after work. 

9. Flock Cafe

b2ap3_thumbnail_Flock-Cafe

Source: @chickingqueen

Address: 78 Moh Guan Terrace, #01-25, Singapore 162078

If you have a hankering for gourmet sandwiches or are looking for another all-day breakfast joint then this is it. They aim to keep their space comfortable and inviting despite increased visitors with all the hype over the Tiong Bahru neighbourhood. 

10. Shoebox Canteen

Source: @lovelyloey

Address: 36 North Canal Road, Singapore 059292

Located in the CBD area, this place is a cafe – Shoebox Canteen by day and a bar – Bitters and Love by night. That means that all you people working hard in the CBD area no longer have to wrack your brains looking for new places to hang out, just hoping on over here at 2 different times will give you a whole new experience. 

11. Department of Caffeine

Source: @tammywee

Address: 15 Duxton Road, Singapore 089481

With a name like Department of Caffeine you know that the people at this joint take their coffee and tea very seriously so don’t be expecting anything for the faint hearted. Food wise, they regularly change up their menus so no two trips here will be the same. 

12. Real Food

Source: @catastrofee

 

Address: 6 Eu Tong Sen Street, Singapore 059817

Real Food is known as an indie cafe, free from health and food associations, institutes or ministries. The crew here is dedicated to serving the best quality food, promising nothing pre-packaged or processed. They prepare and serve only slow food because they believe quality food takes time.

 

13. Quarter to Three

Source: Quarter to Three

Address: 88 Tanjong Pagar Road, Singapore 088509

If you’re one of those people whose got a huge sweet tooth (guilty!) then you’ll love this joint. Its got a whole lot of sugary delights including a wide array of cakes and plenty of other desserts. If you’re not a huge dessert person, don’t go scratching this cafe off your list just yet, they’ve got salads and sandwiches too!

 

14. Black and White Caffe Bar

Source: Black and White Caffe Bar

Address: 7500A Beach Road, #B1-305, The Plaza, Singapore 199591

I, like virtually every other human being on the planet, love Italian food. One Italian dish is often overlooked though, and that’s Panini. Its Italy’s version of a sandwich and the Black and White Caffe Bar is the spot to get your Panini fix in Singapore. 

15. Working Title

Source: Working Title

Address: 7500A Beach Road, #B1-305, The Plaza, Singapore 199591

Look past the vintage clothing stores in Haji Lane and the shisha places in Bali Lane and you’ll find plenty of awesome cafes. One of them is Working Title where you can enjoy your usual western fare amongst mismatched furniture and good vibes. 

Great Cafes at Great Prices

There you have it, 15 delightful Singapore cafes that do not charge any GST or service tax. Because honestly, the only thing better than yummy food is affordable yummy food, am I right? Know of any more cafes that do not charge GST? Comments to update. 

The article “15 Delightful Singapore Cafes with No GST & No Service Charge” was written by Hevina Kaur and first appeared on The Smart Local, a content partner for MoneySmart.

 

Gold is a buy under $1,000 an ounce – here’s why it could get there: Jim Rogers

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Gold is traditionally an investment of choice when inflation is rising or global tensions are growing. But this year, despite the conflict between Russia and the Ukraine, gold prices haven’t moved much, and inflation in much of the developed world is muted.

“I’m not buying gold at the moment,” international investor Jim Rogers tells The Daily Ticker. “But if the opportunity comes along — and it will in the next year or two — I will buy more.”

When The Daily Ticker’s anchor Lauren Lyster asked Rogers in the video above what such an opportunity might look like, Rogers said that a 50% decline in gold prices, to under $1,000 an ounce would justify buying the precious metal. (That’s a 50% decline from its record high just under $2,000 an ounce in August 2011.) But Rogers also says, “if America goes to war with Iran,” he’d be “begging to buy at $1,600 an ounce.”

As of mid-day Wednesday gold futures were trading at $1,300 an ounce, or about 8% higher than the 2013 year-end close of $1,202. Gold prices fell a whopping 28% in 2013, but Rogers says a 50% correction every three or four or five years is more normal for an asset class, and therefore, a reason prices could fall from here.

As for why gold prices haven’t taken off this year, Rogers says demand from China, the number one consumer of gold, is declining because the market there is “saturated.” He says investors, meanwhile, would rather put their money into stocks. The Dow and S&P 500closed at record highs Tuesday but have since retreated, while the 10 year Treasury note price has advanced, as its yield slipped to 2.55%.

Follow The Daily Ticker on Facebook and Twitter @dailyticker

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Singapore on a budget!

By Flipit.com

– 08 May 2014

Singapore is now the most expensive city in the world. Here are some useful tips on how to cut costs.

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According to a 2013 study done by the Economist Intelligence Unit, Singapore is now the most expensive city in the world. How can you possibly save some money in these circumstances? Here is a collection of specially curated tips on easy way to cut costs & budget properly.


1. Share a ride or take public transport

Buying a car in Singapore is more expensive than anywhere else in the world. If you can even manage to buy a car at a decent price, petrol prices are steep and can eat away at your monthly budget.  Looking for a solution? If you’re only in need of a car for a couple of hours at a time, car-sharing schemes—such as iCarsclub or Suntec City—are a logical alternative. These schemes are membership-based, trusted communities for peer-to-peer car sharing, where you can book online or with your smartphone.  Hourly fees generally range between $7 and $10.  Another way to get around is car-pooling.  It is very common among friends and colleagues in Singapore and can be particularly useful for getting to work—you can enjoy a comfortable ride while being in good company.

If you would rather avoid using cars altogether, the public transit system in Singapore will not disappoint and it is cheaper than many world-renound metropolitan regions.  With an intricate multi-modal system of mass rapid transit (MRT), light rail transit, monorail, and buses, you will be able to get virtually anywhere in the city quickly and relatively cheaply (for more info on rates & routes check out http://www.smrt.com.sg/).  You can purchase a smart card called the EZ-Link that can be used for bus and MRT fares. It can be topped up to $500.

Taxis are readily available throughout the city but worth avoiding—they are extremely expensive and quite useless for getting around during rush hour!

 


2. Shop online

The best way to find the best deals is to shop for your clothes and other items online! Online shopping is steadily growing in popularity around the world.  You can now find practically anything online, and many e-shops offer extra discounts and special private sales online.  You can use discount codes available at Flipit.com, which are valid for many different e-shops in Singapore and worldwide. You may also want to try social group vouchers such as Groupon, which will allow you to buy coupons to use in restaurants, wellness centers and much more. 


3. Shop the local way: wet markets / hawker centre

You can do your weekly grocery shopping at the “wet markets”, which are essentially huge markets that offer fresh fruit, vegetables, flowers, meat, seafood, and spices at prices much lower than the supermarkets.  These markets—whose floors become wet from the melting ice— are scattered throughout the city.  They are generally very crowded and perhaps smellier than what you might be used to, but the experience is worth it for the cheap, fresh, and local produce.  You can try to haggle with the merchants, but it may not be received very well, as the goods sold in the markets are already priced quite low.


4. Avoid restaurants

Dining in “hawker centres” is a great way to dine out while avoiding the high costs of eating in a restaurant.  These cooked-food centres are massive open-air complexes with a plethora of stalls, offering you a wide range of local and exotic dishes.  If you’re looking to have a meal with a drink and a dessert, you’ll pay on average around $6. The vendors are strictly monitored by the government for health and hygiene, meaning that it’s very unlikely to get sick from any of the food prepared for you.
Food courts can also be a sound alternative to hawker centres.  They are located at almost every shopping centre (with air-conditioning!), but are generally more expensive than hawkers.  They serve local food as well as international (or European) food. We recommend Golden Mile Complex which is in Singapore’s Little Thailand, a spot where you can find all things Thai.

Kopi tiams (literally: coffee shop”) are worth checking out for simpler, cheap meals.  Menus usually include eggs, toast, kaya (coconut jam popular in Southeast Asia), coffee, tea and Milo (a very popular malted chocolate drink worth trying).

In general, you can’t really go wrong with food in Singapore–it is incredibly diverse, cheap and easy.


5. Freebies

Singapore offers many free products and initiatives. Several websites have free samples or products of different kinds. You can try Samplestore.com for many free samples of products, or Sglobangs.com and Singapore.locanto.sg, which are used by members to get rid of unwanted stuff, often for free.

It is also possible to enjoy a nice night at the museum or an exhibition for free. In fact, many galleries offer special nights and events that do not require an entrance fee. To eat out (almost) for free, you can check out Madeinsingaporelah.com which offers vouchers to buy food for free or at incredibly discounted rates.


Even though Singapore is one of the most expensive cities to live in, having a few tricks up your sleeve will make it all seem a bit more manageable.