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Do you constantly find yourself asking why are you so god damn poor? Even with a more than average pocket money or monthly income, many Singaporeans find themselves in this situation. We know because we are one of them!

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However, after researching for a bit and experimenting, we found the few best ways to start saving, almost effortlessly! Don’t worry, this article isn’t click bait nor the normal “tips” you get. Yeah, it’s fine, you can start saving first and thank us later.

1. Have a piggy bank

Do not let the childish name fool you. By having a piggy bank, you can always “deposit” your spare changes, or even religiously forcing yourself to surrender a few dollars a day makes a huge difference! By choosing a piggy bank that only possible to opened via breaking it, this forces you to not use the money and find other alternatives. A good piggy bank is those that are being sold in value stores for just a dollar!

2. Know your NEEDS vs WANTS

We all want that latest smartphone or tablet, and the constant competition between you and your friends sometimes makes you think you NEED it. But if you think again, most of the items you think you NEED, are actually WANTS. Always ask yourself this and you’ll find yourself saving much more, every single time!

Yes, save that mouth watering curry puff too!

3. Bring your own food for work or school

Yes, pack your own food. Don’t let yourself think it’s embarrassing. Not only you can save more money by making your own lunch, it’s often much healthier than eating out! You’ll know exactly how your food is prepared too!

4. Sell your unwanted items on Carousel

Just take a moment, look around your room and count the number of items you do not need. Yeah, now you’re thinking! By selling your unwanted stuff away, you can “earn” some side cash as well!

5. Find a part-time job, if you can

For students, we know your timetable seems packed and busy. The weekends are the most precious days and you thank God for it every time it’s Friday, right? TGIF! But if you can sacrifice half of your weekends or even just about a few hours, find a job and you’ll find yourself getting more “pocket money”. This means more savings!

6. Write a shopping list, every time you shop.

No, it isn’t childish. By writing a shopping list and following it strictly, you’ll find yourself not spending on unnecessary stuff! A good example that you should read if you haven’t is How supermarkets get YOU to SPEND MORE money, every single time. (no, it isn’t click bait we promise)

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7. Eat in more instead of out

Save that extra cash, buy some groceries smartly (after reading that article above), and you will find yourself saving ALOT more. This too applies if you are a student, but always take caution when cooking though! Fire is more dangerous than you think.

8. Spend lesser on restaurants and eat at hawker centers

Ask yourself, a plate of chicken rice costing $2.50 is more worth it, or your favorite dish in the restaurant you always frequent? Admit it, both are equally filling, and even if it’s not, you can always buy 2 plates or even 3 but still find yourself saving much more!

9. Quit smoking, for real.

Be honest with yourself smokers, how have you spent on cigarettes just the past month? For more than SGD$10.00 per pack and the health penalties, you should at least TRY to lower down the frequency you are lighting up those sticks, or better, quit it once and for all!

No, we won’t tell you about how saving costs lets you purchase a Ferrari in 10 years, because I personally am not a smoker, but still don’t have any Ferrari! (yes, kinda sad)

10. Deposit your WHOLE monthly salary into your bank account

This will not let your naughty self-think you have a lot of cash in hand and spend whenever you like! Only withdraw when and the amount you need, every time. You’ll be surprised how much you can save!

 

Okay folks, that’s all for now! We hope you have learned something and hope you’ll be filthy rich in a month’s time!

 

Quick question for you to answer: How much do you think you will get if you were to start saving just a mere ONE CENT from day 1 and double the amount by 2 every single day, for let’s say a month? Click here to find out! We’re sure you’ll be surprised! (We should have gained your trust by now, that we don’t use false titles!)

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