Top Financial Fights in Marriage & How to Fix Them

Money is one of the most common sources of conflict in marriage. In fact, research consistently shows that financial disagreements are a leading cause of stress and even divorce.

From spending habits to financial control, couples often clash over how money is earned, spent, and managed. So, consider some of the biggest financial fights couples face and how to resolve them.

FIGHT #1: SAVER VS. SPENDER

Some people are natural savers, while others are wired to enjoy spending. Studies suggest that spenders and savers are often drawn to each other, creating built-in financial friction.

How to Fix It: Recognize that the issue isn’t just about money but about differing financial mindsets. Set clear spending limits, agree on major purchases in advance, and create a budget that balances both saving and spending.

FIGHT #2: POWER STRUGGLE

One partner may earn more or take control of financial decisions, leaving the other feeling powerless.

How to Fix It: Regardless of income, both partners should have financial autonomy and responsibility. Consider setting up a system where each person has a designated amount of money they can spend freely. Transparency and shared decision-making help prevent resentment.

FIGHT #3: HELPING FAMILY & FRIENDS

One partner wants to lend or give money to a loved one, but the other disagrees, especially when repayment is uncertain.

How to Fix It: Treat money given to family as a gift, not a loan. If you can’t afford to give it without expecting repayment, it’s better to say no. If money has already been lent, consider letting go of repayment expectations to maintain family harmony.

FIGHT #4: FINANCIAL SECRETS

Hiding purchases, secret credit cards, or undisclosed debts often stem from embarrassment or fear of conflict.

How to Fix It: Honesty is key. The longer financial dishonesty goes on, the worse the consequences. Establish open communication about money and agree on clear financial boundaries to prevent future deception.

IN A NUTSHELL

A solid financial plan helps prevent recurring money arguments. Start by setting shared financial goals and agreeing on a budget that reflects both partners’ priorities.

Image Credits: unsplash.com

Financial harmony isn’t about never disagreeing. With the right approach, you and your spouse can build financial stability together.

Sources: 1 & 2

 

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Revamping 29,000 HDB Flats with $407M Upgrade

MAJOR UPGRADE FOR AGING HDB FLATS

More than 29,000 Housing and Development Board (HDB) flats will soon receive enhancements under the latest round of the Home Improvement Programme (HIP). With over S$407 million allocated for upgrading works, this initiative aims to modernize aging flats and enhance residents’ quality of life.

Announcing the expansion on Feb 16, Minister for National Development Desmond Lee shared that an additional 371 blocks will be included in the programme. Since its launch in 2007, 494,000 flats have benefited from the scheme.

Where Are the Upgrades Happening?

According to HDB, the selected flats are located in:

  • Bedok
  • Bukit Batok
  • Bukit Merah
  • Bukit Panjang
  • Chua Chu Kang
  • Hougang
  • Jurong West
  • Pasir Ris
  • Queenstown
  • Sengkang
  • Tampines
  • Toa Payoh
  • Woodlands

SENIOR-FRIENDLY FEATURES

Residents will have the option to install senior-friendly fittings under the Enhancement for Active Seniors (EASE) programme, which was expanded last year. These fittings include:

A. Foldable shower seats
B. Handrails at flat entrances with steps
C. Grab bars
D. Slip-resistant bathroom floor treatment

So far, 29,000 households have applied for these improvements, with Minister Lee describing the take-up rate as “very encouraging.”

COMMITMENT TO UPGRADING HOMES

The HIP primarily addresses wear and tear in older flats, ensuring they remain safe and comfortable for residents. Upgrades include:

A. Toilet and bathroom improvements
B. New entrance doors and gates
C. Replacement of refuse chute hoppers

To date, the government has invested approximately S$4 billion in the HIP as of March 31, 2024. Of the 494,000 flats selected for upgrading, nearly 381,000 have already undergone improvements.

“As our homes and estates age over time, they naturally encounter higher wear and tear,” said Minister Lee. “The government remains committed to refreshing, rejuvenating, and improving older estates and homes so that Singaporeans can continue to enjoy a high-quality living environment.”

With these continued efforts, the government reaffirms its commitment to ensuring that Singaporeans, young and old, can live in safe and well-maintained homes for generations to come.

Sources: 1 & 2

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How to Choose the Right Internship in Singapore

Choosing the right internship is a crucial step in shaping your career. When I was searching for mine, I interned for my professor, a well-known sports psychologist, because I wanted to see how seminars and workshops were conducted. That experience showed me the importance of picking an internship that aligns with what you truly want to learn.

#1: ALIGN YOUR CAREER GOALS
Your internship should match your field of study and career aspirations. If you are into marketing, choose companies with strong digital strategies. If finance excites you, look at banks or fintech firms. Prioritize roles that offer real industry experience.

#2: RESEARCH COMPANY’S REPUTATION
An internship is not just about what you do but also where you do it. Look into the company’s reputation, values, and work culture. Does the company invest in interns by offering mentorship? Do they have a collaborative and inclusive environment? Check employee reviews, visit the company’s website, and even reach out to former interns for insights.

#3: EVALUATE THE JOB SCOPE
A meaningful internship should give you hands-on experience, not just administrative tasks. Review the job description to understand what kind of projects you will be involved in. Will you be handling real-world tasks? Will you have a chance to contribute ideas? The more responsibility you have, the better the learning experience.

#4: SEEK OUT MENTORSHIP
A strong mentor can make a world of difference. Some companies pair interns with dedicated mentors who provide guidance, feedback, and career advice. If possible, connect with seniors in your university or past interns to get their insights. They can share which companies offer valuable learning experiences and which ones to avoid.

#5: CONSIDER STIPEND AND BENEFITS
While many internships in Singapore offer valuable experience, some also provide stipends, transportation allowances, or meal vouchers. While money should not be the sole deciding factor, it is practical to consider if the internship will cover your basic expenses.

#6: CHECK WORKING HOURS
Balancing an internship with academics can be challenging. Some companies offer part-time roles or flexible hours to accommodate your schedule. Make sure to choose an internship that does not overwhelm your academic workload.

#7: UNDERSTAND VISA REQUIREMENTS (FOREIGNERS)
If you are an international student, securing the right visa is crucial. Internships over 60 days require either a Training Employment Pass (TEP) or a Work Holiday Pass (WHP), depending on your eligibility. Some internship placement programs assist with the paperwork, so check if your employer provides support.

IN A NUTSHELL

Image Credits: unsplash.com

An internship in Singapore can be a game-changer, offering valuable experience and networking opportunities. Do your research, seek guidance, and choose a role that truly benefits your career growth.

Sources: 1 & 2

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How to Save Money for Your Valentine’s Date

This Valentine’s Day marks my third one with my husband as a married couple. We’ve never been the type to splurge on overpriced flowers or chocolates as the price tags are just too outrageous! But just because February 14th can be expensive doesn’t mean you have to splurge to make it special.

If you’re looking to celebrate on a budget, consider swapping extravagant gifts for thoughtful, homemade surprises. A cozy date night at home can be just as romantic as a fancy dinner out. That said, if there’s a restaurant you’ve been dying to try, Valentine’s Day could be the perfect excuse to finally check it off your list.

#1: THINK ABOUT YOUR RELATIONSHIP STAGE

Before planning your celebration, think about where you and your partner stand in your relationship. If this is your first Valentine’s Day together, a conservative budget like $50 or less might be a good starting point.

While spending more doesn’t necessarily equate to deeper feelings, starting with a smaller gesture can help set realistic expectations and avoid going overboard too soon.

#2: DISCUSS YOUR BUDGET

No one wants an awkward moment when exchanging gifts and realizing one of you went all out while the other kept it simple. To avoid mismatched expectations, have an open conversation about spending limits beforehand.

Being upfront about what you can afford is key for Valentine’s Day and for future milestones like birthdays, holidays, and weddings (if things go the distance).

#3: CELEBRATE AT HOME

A home-cooked meal can be just as romantic than dining at a fancy restaurant. Whether you cook together or surprise your partner with a special dish, staying in allows you to enjoy an intimate evening without the hefty price tag.

Image Credits: unsplash.com

And don’t feel pressured to whip up an extravagant feast. Even a simple charcuterie board, complete with cheese, cured meats, and fruit, can feel elegant when paired with candlelight, rose petals, and a glass of bubbly.

#4: GIVE SOMETHING MEANINGFUL

A meaningful gift doesn’t have to come with a hefty price tag. Instead of pricey jewelry or gourmet chocolates, consider an experience you can enjoy together like visiting a museum, creating perfume, or attending a local theater production.

Or, go the DIY route. A handwritten love letter, homemade cookies, or a framed poem can feel far more special than anything store-bought.

#5: USE YOUR CREDIT CARD POINTS

If you’ve been racking up credit card points, now might be the time to put them to use! Many people let rewards go unused, but redeeming them for a discounted dinner, a fun activity, or even a future getaway can be a smart way to celebrate without dipping into your budget.

IN A NUTSHELL

Valentine’s Day isn’t about how much you spend—it’s about showing your love and appreciation in a meaningful way. With a little creativity and planning, you can create a memorable celebration without the expensive price tag.

Image Credits: unsplash.com

Sources: 1,2, & 3

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Why Is It So Hard to Keep Employees in S’pore Workplaces?

Hiring is tough, but keeping employees? That’s a whole different challenge. If you’ve ever found yourself wondering why your best talents are walking out the door, you’re not alone.

Employee retention in Singapore is becoming harder than ever, and it all boils down to a few key reasons.

#1: OVERWORKED, UNDERPAID

Let’s face it, money TALKS. Singapore’s cost of living is one of the highest in the world, and if a salary isn’t keeping up, employees will eventually seek greener (and better-paying) pastures.

While passion and purpose are important, at the end of the day, people need to pay their bills. Companies that fail to offer competitive pay and benefits risk losing talent to competitors who do.

#2: LIMITED CAREER GROWTH

Imagine being stuck in a role with no promotion in sight. Sounds frustrating, right? Employees today, especially younger professionals, crave career progression. They want opportunities to learn new skills, take on bigger roles, and climb the corporate ladder.

When a company fails to provide growth opportunities, employees will look elsewhere.

#3: POOR WORK-LIFE BALANCE

Singaporeans are no strangers to long working hours, but there’s a limit to how much people can handle before burnout kicks in. Overtime culture, inflexible schedules, and unrealistic workloads take a toll on employees’ mental and physical well-being.

Image Credits: unsplash.com

With more companies embracing remote work and flexible arrangements, employees now have options. If their current job doesn’t allow them to balance work and life, they’ll find one that does.

#4: LACK OF RECOGNITION

A simple “thank you” or a well-deserved promotion can go a long way in making employees feel valued. Unfortunately, many companies overlook the power of recognition.

When employees feel like their hard work goes unnoticed, their motivation dwindles. If an organization doesn’t appreciate them, why should they stay?

#5: TOXIC WORK ENVIRONMENT

Nobody wants to work in a place filled with office politics, negativity, and micromanagement. A toxic workplace not only affects productivity but also destroys morale.

When employees feel unsupported, unheard, or even bullied, leaving becomes the best option for their mental well-being.

#6: BAD BOSS/ES

They say people don’t leave jobs…they leave bad bosses. A great leader inspires, supports, and guides their team. On the flip side, ineffective managers create frustration, confusion, and dissatisfaction. When leadership fails, employees disengage, and eventually, they walk away.

IN A NUTSHELL

Keeping employees happy and engaged isn’t just about offering a paycheck. Companies need to invest in their people by providing fair compensation, clear career paths, work-life balance, and a positive work culture.

Image Credits: unsplash.com

Retention isn’t just an HR responsibility; it’s a company-wide effort. After all, when employees thrive, businesses thrive too.

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