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)


Sale Sale Sale !! Be Virtually Thrifty!

All mentioned about being thrifty and not acting on it is just a mere story right?

Now, with my contacts and effort, I would like to transfer all the savings and discounts to you so that you can practice saving too! Mostly are brand new items unless otherwise stated.

Hurry! Tap on your virtue and be thrifty!!

Visit my store today!!




Also: https://www.facebook.com/pages/Virtuethrift/1519952468246126


Cash-strapped Singaporean execs struggle to make ends meet each month

Indeed, in our current cost of living in Singapore, it is tough to make ends meet with only $3,500 income. However, insurance should be not be used as an excuse as it is not a spending but a prevention against greater lost. You may choose not to spend on insurance but save the amount instead. Many will end up paying more for medical should the need arise. Hence, spend prudently or take up additional income paying work.

Almost 1 in 2 execs have zero savings.

Even high-earning execs are having difficulty making ends meet in Singapore. A report released by Jobstreet revealed that 46% of Singaporeans holding executive positions claim that their salary do not leave them with any savings after spending on essentials.

A staggering 45% also claimed that they were tied down by loans originating from property, car and credit card, and 25% of respondents revealed that insurance is their biggest monthly financial commitment.

Against this backdrop, it was unsurprising that only 5% of respondents mentioned that they have enough money to spend.

When polled on how respondents would cope with the situation, 42% of the respondents preferred to cut down on their spending and 27% of the respondents preferred to pitch for a new job with a higher salary. The remaining percentage of respondents would either get a part time job or make investments for side income.

The survey covered Singaporean candidates holding executive positions across various industries.35% of the candidates surveyed have basic salaries ranging from $2,500 to $3,500 per month.

– See more at: http://sbr.com.sg/financial-services/news/cash-strapped-singaporean-execs-struggle-make-ends-meet-each-month-report#sthash.y4gpC2Hr.dpuf


Live Within Our Means

What is it like to live within our means?

Again, it is about individual’s ability to control the temptation to buy and purchase. Of course, if it is necessary like buying an oven for baking and hosting, then we just got to get it. But have we thought of other options like sharing with neighbours, friends, or recycle the oven from friends whom no longer bake, get from the thrift shop etc?

Fundamentally, I personally think that to live within means it is possible if we are willing to withstand some inconvenience like taking a cab vs sharing a bus or MRT during raining days. Is being convenient more important than saving a few dollars?


Are Singaporeans really so bad in recent personal financial planning?


Not sure how the study and analysis was done but lately there are a lot of promotions by the banks for opening or topping up of savings accounts. The banks offered great interest on the savings compared to normal and free gifts. They gifts were swiped out even before the promotion ended. Hence, I am uncertain. I believed that we are doing better than this.