How To Save?? I eat also not enough! But really?

 

So that is why you all have been saying?

But really?

What I know is that saving a little more takes some effort. Unless your time is worth $500 per minute, then pls do monitor these little things as they can help you save money and maybe time too.

Watching out for best interest rates, paying off loan by taking another loan of a lower interest, set up automated savings, getting back money from telephone subscriber for overcharging you etc. takes time and money if you don’t bother.

Hence this money can be better use as investment or regular savings if well spent.

 

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http://business.asiaone.com/news/personal-finance/5-money-saving-tips-millennials-singapore

Increase of unsecured debts in Singapore

http://business.asiaone.com/personal-finance/news/85352-singapore-consumers-owe-2884-million-unsecured-debt20151005_owedebt

Is this necessary a bad thing?

Banks had been very aggressive lately giving out low interest rates personal loan. As low as 0.8% interest per annum with no processing fee is too enticing to reject. Normally, these personal loans are given at promotion for only 6 months and the interest rate will shoot back to the exorbitant rate of 24%. The bank game on making a profit for personnel that illy managed their money.

However, if you are a master to the money, this a profitable for you FOR FREE!

CIMB offered a 1.6% return per annum fix deposit for minimum 9 months. If you had taken the money from one bank and cash deposit into CIMB FD, would you have gain the extra 0.8% for doing a little only? If your have a credit limit of S$48,000 based on 4x income rate, you would have earn extra $288 just for doing nothing over that 9 months. It is a free trip to Bali.

However, this game is only for the discipline. It is hard to resist not to spend seeing $48,000 liquid cash.

Nevertheless, this is how the rich play the safe game at a bigger denomination!

Developers giving away discounts in a desperate attempt to sell their properties

This information sounds like a package but is it really worthy to buy now when the price of property had dropped? But has the real price dropped compared to those property of the similar class?
Developers have started cutting prices and giving away discounts in hopes of reversing the bad luck that has been gripping Singapore’s property market. According to CIMB, both CapLand and Wheelock re-launched their projects, Sky Habitat and Panorama, respectively at 10-15% discounts.

Other incentives were also offered, with Keppel Land giving out Chinese New Year discounts and United Engineers offering special discounts on cars with purchases of certain units. New projects were also launched at lower prices, with City Dev and Hong Realty launching Coco Palms at S$980psf, 10-20% lower than the planned S$1,100-S$1,200psf.

Buyers are supportive at more reasonable prices 

Buyers responded positively to the price cuts. Sky Vue, with its more competitive pricing, achieved a much healthier take-up rate, compared to its more expensive adjacent development, Sky Habitat.

We also saw buyers reacting positively to price cuts, with Sky Habitat clearing more than 100 units since the re-launch. This reinforces our survey results that suggest weak demand is driven more by expectations rather than affordability.