We all know money doesn’t grow on trees as hard as we wish it did. With economies a-changing, currencies rising and falling, it is easy to worry about money. But if we just take it a day at a time, we can rest assured that we are doing something, even a little thing, in managing our finances.
Underlying all these to-do’s is our attitude and mindset about money, our needs, and our goals in using it. Remember to keep positive because every little thing we do each day counts.
1. Set money aside.
As wise men and women say, always pay yourself first. Set aside at least 20% of your monthly take-home salary and the rest can go towards necessities and other spending.
2. Plan your day.
Planning your day in advance can help you to avoid temptations.
Plan your meals – bring a bento from home or take your colleagues to a café with affordable set lunches.
Arm yourself with a book or download a show on your phone if you know you would be waiting at a mall for a friend. That way, you wouldn’t find yourself shopping to pass time.
3. Be an informed consumer.
In the hustle and bustle of our daily lives, it is so easy to just grab something on the go without thinking twice.
Next time, ask yourself whether the item brings real value, compare prices, and read reviews online before making impulsive purchases.
4. Check out ways to get things online free or at a discount
The Internet has been lauded as a revolutionary advancement but also condemned like money, as being the root of all evil. However, we can’t discount the many ways it is helpful. In this case, the internet offers us many helpful things for free, ways to get cheaper deals, and apps that make our lives more manageable.
Before you buy something, look for discounts online, use apps like Carousell to buy new or used items for cheap, and join sites like Sample Store that offer free samples for review.
5. Go to a free museum or park, or take a scenic walk.
Being frugal doesn’t have to mean all work and no play. Entertainment does not have to mean expensive either. Singapore has a number of museums that offer free admission. Visit the Singapore Art Museum, the National Museum of Singapore, or the Singapore Philatelic Museum for starters.
The Singapore Botanic Gardens or the Punggol Waterway Park are among the many free parks to choose from for a more natural break from your everyday routine. The Punggol Waterway in particular, is great for jogging or cycling along the waterway.
Singapore also offers many opportunities to exercise for free and enjoy the scenery daily. Among them are the Changi Point Boardwalk and the Bukit Chermin Boardwalk.
So from starting our day to taking breaks, the important thing to remember in being frugal daily is to make it a habit and enjoy it.
Check out 6 Cheaper Alternatives for Everyday Services That Singaporeans Use to keep up the good work.