Get the best value for your money
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.
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.
[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…)
[This article was contributed by SingSaver, and has been slightly modified] From financial advice and government assistance to free meals, here are the resources you can use to get over a bad financial patch.
As I mentioned in a previous article, the stuff that you own continuously consumes money, space, and/or resources, whether you actually use it or not. It’s not always ideal to buy and own something (and this includes property). Often you buy an item to ensure access to it. But sufficient access can be achieved without all the downsides of ownership, such as the purchase cost, burden of full responsibility, and underutilisation, where the item sits around collecting dust. Collective consumption, where there are many users who share access, reduces the downsides of ownership and is also more eco-friendly. This is where the Lendor App comes in, as it connects suppliers of rental assets with consumers who wish to borrow those assets. Here’s why you should try them. (more…)