We are now in the Holy Month of Ramadan. During this month, Muslims will fast during daylight hours, starting usually before 6am all the way until about 7:30pm. This is what some refer to as intermittent fasting (IF), which has gained a lot of popularity recently for its health and potential weight loss benefits. I have been practicing IF a few times a week for at least a couple of years now, but I do it at different times, from 7pm all the way until noon the next day (it’s not hard to fast during the hours you’re asleep!). Then once every 2 weeks, I do a complete 30 hour fast, and have nothing but liquids. From my personal experience, though it has not always been easy, IF has been very helpful in terms of health maintenance, frugality, and I would even say, spirituality. Here’s why:
Where can you get a buffet, a private room with a plush sofa and big screen TV, free wifi, and free entertainment for less than $15? Did I mention that the buffet also comes with free flow coffee, tea, soft drinks, and ice cream(!), and that you can enjoy up to 4 hours of entertainment? It’s also a great place to go on a date. Adding to the list of other budget-friendly buffets (see my previous posts here and here), here’s where you’ll find this one…
The average cost of a wedding in Singapore can be more than an entire year’s salary of a new university graduate. This one event can be quite burdensome for a young couple, particularly if they have just started working. Parents may offer to help pay for a portion of the wedding, but this too can result in future burdens to the parents as they head into their retirement years. As mentioned in the previous post, having a great wedding is not correlated in any way to having a great marriage; however, it may set the couple back financially. If you have opted to take the more frugal route, but still want to have a beautiful, “proper”, and memorable wedding, here are some ideas on how to cut costs way down on your big day: (more…)
The wedding season is upon us, and if I could offer newly engaged couples one piece of advice, it would be to not focus so much on the wedding itself. Although many have dreamed about and waited years for this one momentous event, there are a few good reasons why you should opt for a more frugal and less extravagant wedding. It may even lead to a happier marriage.
There have been many articles and blogs lately about the fairness and viability of the Singapore CPF. As a new PR to Singapore, I know that I have much more to learn and understand on this topic; in no way do I claim to be an expert in it. But I am quite familiar with the US Social Security scheme, its current status and future viability. Since one blogger in particular has compared the two retirement schemes, skewing his findings in favor of these western schemes, I would like to shed some light on some of the “heart truths” about the US Social Security system (all backed by references, of course).
One of the biggest regrets in my life is that I never really got to know my grandmother while she was alive, although she was the one who primarily raised me. By the time I was a know-it-all teenager, she started showing signs of dementia. At that time, I thought there was nothing more that I could learn from her. I didn’t place enough value on her stories, knowledge, and experience, but instead placed too much importance on my academic pursuits. She passed away shortly after I completed my graduate studies. Even if she had lived longer, by that time, it was simply too late to get to know her; she had completely forgotten me. What I wish I did differently: (more…)
4. Healthcare: My personal experience with healthcare in the two countries is somewhat limited, but I have researched various healthcare issues from different angles in my ongoing attempt to live frugally. As an adult, I have never been warded in either country. But I have had plenty of outpatient and pharmacy visits. Healthcare is a very broad topic, so I will divide it into four separate categories – outpatient & urgent care, inpatient care, medications, and healthcare insurance.
3. Transportation: Cars cost more here than in any other place in the world. But for the vast majority of people, it is not necessary to own a car, as Singapore’s public transportation system is consistently ranked as one of the best in terms of being convenient, reliable, and reasonably priced. And with the small land mass, you don’t have to travel far to get to your destination. I’ve lived in various parts of the US, and you definitely cannot get very far without a car there. In addition, being a car-centric country comes with many tradeoffs.
2. Housing: Housing (both renting and owning) is definitely cheaper in the vast majority of places in the US when compared to Singapore, but to get a more even comparison, we have to limit our scope to major metropolitan cities in the US, particularly those with limited land mass, such as New York City, Los Angeles, and San Francisco. In these places, current rental prices and monthly mortgage payments are actually quite comparable to Singapore. The lifestyle in these places are also similar, with more residents living in flats, instead of in landed property, and many flats offering additional amenities (e.g., pools, playgrounds, gyms, etc.). However, as with the previous post on the subject of food, it’s difficult to make a direct comparison without mentioning the various tradeoffs and the difference between public and private housing. (more…)
I’m writing this post partially in response to the article that ran on 20 May, 2014 in The Straits Times entitled “Five things in Singapore that are cheaper than other cities“, to the Economist Intelligence Unit (EIU) ranking published earlier this year which cited Singapore as the “World’s Most Expensive City“, and to the many comments these two articles generated. As an American, I believe that living in Singapore in some ways is more challenging than living in the US, and there are many basic things that are more expensive here. Because of this, people are always asking me why I chose to move here and become a PR, especially when they find out that as a US citizen, I still have to pay US taxes (the US taxes worldwide income and at a higher rate compared to Singapore). Safety and being closer to my cultural roots were definitely some of my initial reasons, but as I continued to live here, other reasons started to outweigh these initial reasons, which include health, environmental, ecological, and monetary reasons.
And what surprises people most is that since moving here, my husband and I have been able to save more (as a percentage of income), despite being double taxed. But it has only been through diligent planning and budgeting that we’re able to achieve this. Also, we’ve had to drastically change our way of living. Though people may see this as a sacrifice, I see it as being more environmentally and ecologically conscious. I am very aware that this way of living is not for everyone, so this post doesn’t attempt to speak for all Americans. So from my own perspective, this is how living expenses in Singapore compare to the US: (more…)