Category: Budgeting

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5 Reasons Why Switching to a Open Electricity Market (OEM) Retailer Benefits You

[This article was contributed by Electrify Pte Ltd] The nation-wide roll-out of the Open Electricity Market (OEM) is on the horizon, and this could mean saving money on your utility bill. This article will help you plan for the roll-out. And if you’re unsure whether switching to a retailer is the right choice, here’s a list of benefits that could help you weigh your options. (more…)

How to Deal with Lifestyle Inflation: The Other Sneaky Thief

First-world nations have a lot of HENRYs (High Earners, Not Rich Yet). They are the “working rich”, those who would stop being rich once they stopped working. They make a lot, but spend nearly all of it. Many professionals, including lawyers, doctors, and bankers, fall into this category. And what eats away at their money, more than anything else, is something called lifestyle inflation.

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Textbook Sharing Has Just Gotten Easier

As a uni student, I couldn’t even afford to buy used textbooks. Instead, I would borrow them from the library for 3 weeks, renew for another 3 weeks, then return them to do it all over again. The cost of textbooks can be a financial burden. I used to wonder why older students couldn’t just pass their textbooks down to younger students. “It’s not that easy,” people would say. Well now it is, at least for primary- and secondary-school textbooks. The FairPrice textbook sharing programme, now in its 35th year, has just gone digital. It is now an online platform and mobile app, making it super convenient and easy to donate and request books.  

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The Real Money Numbers You Need to Know

Personal finance and financial planning both focus on a set of numbers to gauge your financial health. If you ask people what is the most important number, many would say “their target sum for retirement”. This number is usually around $1 million or more. A few might mention their investment rate of return, their net worth, or their anticipated life expectancy. But there are more important (yet often overlooked) numbers you should really be concerned with.

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Top 10 Things You’re Wasting Your Money On

[Guest article co-written by Lucy Wyndham] Many of us are trying to make the most of our money. However, the vast majority of people do not carefully track how that money is spent. The same sources of waste come up again and again. Do any of these money draining categories apply to you? Through aggregate survey sites, find out what are the top 10 things that make you part with your money unnecessarily. (more…)