Anna Agoncillo, Author at MoneyDigest.sg

Why “Buy Now, Pay Later” Might Not Be Your BFF

Browsed any online store recently? You’ve probably encountered the enticing “Buy Now, Pay Later” (BNPL) option. With the promise of splitting payments over weeks or months without interest or hefty fees, it seems like a dream come true. For many, it has been. Yet, as it becomes a tool for essentials like groceries, it’s worth pausing to consider: is BNPL as great as it seems?

#1: BUYER’S REMORSE HITS TOO LATE

Remember the days of saving for that dream pair of sneaks, making payments, and only taking them home after they were fully yours? BNPL flips this script. You get your purchase instantly, and with the click of a button, you’re locked into a commitment before common sense kicks in.

If regret creeps in later, BNPL doesn’t care. Essentially, you’ve handed over control of your wallet.

#2: RISKY CONNECTION TO YOUR CARDS

BNPL payments are often tied directly to your debit or credit card. Miss a payment due to insufficient funds? Expect a late fee. Fail to pay off your credit card balance on time? That BNPL purchase suddenly carries a hefty interest charge. What starts as a seemingly free loan could snowball into a mess of late fees and mounting credit card debt.

#3: IMPULSE SPENDING MADE EASY

Saving up for a purchase gives you time to evaluate if it’s truly necessary. BNPL removes that waiting period, nudging you to click buy without hesitation. So, if you’re going to use BNPL, be intentional. A new wardrobe for a job might be justifiable. A shopping spree because it’s interest-free? Not so much.

Image Credits: unsplash.com

#4: HAVING A MINDSET OF “ZERO” INTEREST

While many BNPL services advertise zero-interest payments, not all plans are created equal. Larger purchases, like appliances or electronics, may come with longer terms and interest. Sometimes, the interest rates are even higher than what your credit card might charge.

The trouble? It’s all too easy to click “BNPL” without fully reading the terms. Once the purchase is processed, undoing it can be a challenge.

#5: TRAPPED BY HIDDEN PSYCHOLOGY TRICKS

One of BNPL’s sneakiest pitfalls is how it breaks down costs. A purchase of S$80 might feel like a mere S$20 every fortnight. While this makes items feel more affordable, it also detaches you from the full cost. Couple this with a lack of financial education and relentless advertising, and many see BNPL as a way to manage money. The result? Early reliance on debt and a lifetime habit of paying things off in chunks rather than saving.

Image Credits: unsplash.com

IN A NUTSHELL

Don’t buy it if you cannot afford it. If you’re tempted, ask yourself: Do I truly need this? Can I pay for it outright?

Financial freedom isn’t about splitting payments or juggling debts. It’s about saving and spending within your means. BNPL may be a tool, but it’s not a safety net. In the end, whatever you’re buying will feel far better when they’re truly yours.

Sources: 1 & 2

7 Plushies to Heal Your Inner Child (Beyond Labubu!)

If you’re a fan of plush toys dangling from bags, you know that Labubu has set the gold standard. But guess what? It’s not the only cutie in town.

There’s a world of plushies ready to take center stage, each bursting with charm and nostalgia. Whether you’re reconnecting with your inner child or simply accessorizing with flair, these plushies are the ultimate feel-good companions.

#1: TEDDY LULU

First on the list is the irresistibly adorable Teddy Lulu by TOYZERO+. This minimalist yet charming little piggy is perfect for fans of understated cuteness. Small, squishy, and endlessly lovable, Lulu is dressed in the cutest teddy bear outfit. It’s a piggy in a bear disguise, and it’s pure perfection! You can snag one for as low as SGD 18 to 21 on Shopee or Carousell. Honestly, how can you not love this adorable combo?

Image Credits: facebook.com/profile.php?id=61564126852037

#2: MANCHAO

The Manchao Naughty Animal Plush Pendant or Manchao Head adds charm and fun to any collection. These plush pendants are part of a blind box series, sold typically at SGD 20 to 30 each. Their playful designs make them ideal for accessorizing bags or keychains while appealing to a wide range of ages.

Image Credits: facebook.com/profile.php?id=100064812982378

#3: MOLLY

Meet Molly, the icon of quirk and charm. Created in 2006 by Hong Kong artist Kenny Wong, Molly is instantly recognizable with her golden locks, piercing green eyes, and signature pout. From casual to cosplay-inspired designs, Molly has it all. Her plush pendants range from SGD 20 to a jaw-dropping SGD 1,900 for rare figurine finds.

Image Credits: POP MART

#4: LIILA’S ZOO

Take a walk on the wild side with Liila’s Zoo. These animal-inspired plushies (i.e., think lions, giraffes, and more) bring a splash of fun to your style. Whether you’re into playful designs or statement pieces, you’ll find one to love. Prices hover around SGD 22 to 35, making them a budget-friendly delight.

Image Credits: facebook.com/PearlClothingPhilippines

#5: CRYBABY

Created by Thai artist Molly Yllom in 2017, Crybaby is more than just a plushie as it’s an emotional journey. With its teary-eyed expression, this adorable creation symbolizes the healing power of tears. Perfect for those who seek a meaningful connection through art, Crybaby POP MART plushies can be found in price ranges from SGD 20 to 350, depending on the edition and rarity.

Image Credits: POP MART

#6: DORA

Who can resist Dora dressed as their favorite animals? The TNTSPACE Dora Animals Series plush dolls feature cute and fierce designs, from koalas and foxes to baby elephants and dogs. Retailing for about SGD 17 to 20 each, these cuddly companions are too adorable to pass up.

Image Credits: facebook.com/tingting.gonzales.2024

#7: NOMMI

For those who love interactive designs, Nommi Loveliness Never Ends Series Plush is a must-have. Bulkier than most plush pendants, Nommi has eyes that move and can be customized for added whimsy. Whether you’re looking for a quirky vibe or a bold statement, Nommi’s plushies are a perfect fit, priced between SGD 20 to 50.

Where to Score These Plushies? Typically these plushies are sold on Carousell Singapore, POP MART stores, and Shopee Singapore. Please shop around to get the best deals.

Image Credits: facebook.com/PearlClothingPhilippines

Who says accessories can’t be cuddly? These plushies are more than just bag décor as they’re a way to wear your personality on your sleeve (or strap). Whether it’s the nostalgic Crybaby, the stylish Nommi, or the cheeky Teddy Lulu, there’s a plushie waiting to light up your day.
So, go ahead and pick up a charm or two!

Best Ways to Spend Your Korean Won This December

My husband, his sister, my mother-in-law, and I are ready to brave the chilly winter weather as we embark on our holiday adventure in South Korea this December! We are ready to experience the local culture with every bite of delicious Korean food, put my Hangul skills to the test, and indulge in the world-renowned K-beauty products.

With a limited budget but an abundance of things to explore, I did my research to discover the best ways to spend our Korean won.

#1: BEAUTY OF JOSEON PROPOLIS SERUM

I’ve always been intrigued by honey in skincare, and the Beauty of Joseon Propolis Serum is exactly what my skin needs this winter. This honey-like serum is packed with propolis and niacinamide to balance oil production, minimize pores, and even out skin tone. It’s hydrating without feeling greasy. For about 21,000 KRW, this serum can provide what we need for the dry winter air.

#2: COSRX LOW PH GOOD MORNING GEL CLEANSER

As a longtime fan of COSRX, this gel cleanser never disappoints. It gently cleanses without stripping your skin, thanks to its pH-balanced formula. With BHA to unclog pores and tea tree oil to zap zits, this daily face wash keeps me feeling fresh without worrying about breakouts or dryness. It retails for as low as 10,000 KRW.

#3: SAEM ICELAND HYDRATING EYE STICK

For those days when I’ve hit the snooze button one too many times, The Saem’s Iceland Hydrating Eye Stick is a lifesaver. Infused with Icelandic glacier water, it delivers an instant hydration boost, giving my eyes the freshness they need to start the day right. It’s priced at 8,500 KRW.

#4: MIXSOON BEAN CREAM

Finding the perfect moisturizer can feel impossible until I discovered Mixsoon Bean Cream, selling for about 30,000 KRW. This thick yet light cream is a game-changer, leaving my skin plump, hydrated, and dewy. It’s truly the kind of cream I can see myself using for years to come.

#5: ROM&ND JUICY LASTING TINT

This lip tint is a cult favorite for a reason. Known for its long-lasting formula, the Rom&nd Juicy Lasting Tint offers beautifully soft shades. It’s perfect for achieving a natural, lasting lip look with minimal touch-ups throughout the day. Tint is priced at 13,000 KRW.

Image Credits: romand.us/products/rom-nd-juicy-lasting-tint

#6: AOU GLOWY TINT BALM

AOU has become one of my favorite K-beauty brands, especially their Glowy Tint Balm. Popular among K-pop idols, this balm works double duty as both a lip and cheek tint. For a flesh glow, you can get it for 18,000 KRW.

#7: TEAZEN KOMBUCHA

If you’re looking for a refreshing, healthy drink, Teazen Kombucha is a must-try. Loved by BTS’s Jungkook, this low-calorie, sugar-free kombucha comes in flavors like Shine Muscat and Peach. It retails for about 2,000 KRW.

#8: DELIGHT PROJECT BAGEL CHIPS

You haven’t truly tasted Korea until you’ve tried DELIGHT PROJECT’s bagel chips. Available in savory flavors like “Corn Soup” and “Real Pizza,” these crispy treats are a perfect snack while shopping or exploring. They’re addictive and definitely worth the purchase (i.e., 5,000 KRW each), even if the portions are a bit small.

#9: MEDIHEAL SHEET MASKS

As an avid fan of Korean skincare, I swear by sheet masks for instant hydration. MEDIHEAL offers a range of options, including their Watermide and Tea Tree masks, which are perfect for soothing dry or acne-prone skin. These masks (i.e., 2,000 KRW per mask) leave your skin feeling refreshed and rejuvenated after just one use.

#10: OMORI KIMCHI STEW RAMYUN

Warm up with a bowl of Omori Kimchi Stew Ramyun for about 2,500 KRW. The soft noodles and flavorful broth strike the perfect balance between spicy and tangy, with just the right amount of kimchi. It’s a comfort food that’s perfect for a chilly day in Seoul.

#11: K-FISH FISH CAKES

For a taste of traditional Korean street food, try K-fish fish cakes. These are often used in dishes like tteokbokki (spicy rice cakes) and budae-jjigae (army stew). They’re chewy, savory, and packed with flavor. It retails in the grocery for about 3,500 KRW.

Image Credits: unsplash.com

#12: HAIO SEAWEED

Haio Seaweed (i.e., about 1,500 KRW each) is a simple yet delightful treat. Fresh, lightly toasted with sesame oil, it’s perfect for snacking or pairing with a bowl of rice. It’s the kind of snack you’ll want to stock up on!

#13: CHOCO PIE

No trip to Korea is complete without trying a Choco Pie. This chocolate-coated marshmallow cake, which costs approximately 1,500 KRW, is a beloved Korean snack. With unique flavors constantly being released, it’s always fun to try something new.

#14: AUTHENTIC GINSENG

Looking for an uncommon souvenir? Visit the ginseng market in Jegi-dong for high-quality ginseng products. From raw ginseng to extracts, you’ll find something for every budget, with most tourists spending around 50,000 to 80,000 KRW.

#15: KOREAN SOCKS

One of the best souvenirs you can buy in Korea are their famous socks. Whether you’re looking for something cozy or quirky, you can find a wide variety at affordable prices usually ranging from 1,000 to 3,000 KRW.

#16: FACE CARICATURES

Finally, capture the fun and whimsy of Korea with a face caricature. This entertaining experience allows you to transform your features into a playful work of art. This is perfect for a memorable souvenir or a gift for a loved one. Experience it for about 30,000 to 50,000 KRW via Klook app.

With so much to explore and so little time, these are just a few of the things I can’t wait to try. Which ones will you purchase? Feel free to comment below.

Image Credits: facebook.com/ittsfarahh

Sources: 1 ,2, 3, & 4

Does Work-Life Balance Exist in Singapore?

Did you know that Singapore ranked 26th in Remote’s Global Life-Work Balance Index 2024? While this reflects progress, many Singaporeans continue to struggle with maintaining a healthy balance between professional and personal life.

According to a 2022 study by recruitment agency Randstad, seven out of 10 Singaporeans reported poor work-life balance, primarily due to overwhelming workloads. By 2023, 41% of employees expressed intentions to leave their jobs in search of better work-life harmony.

Among these employees, burnout remains a pervasive issue. A 2022 study by NTUC’s U Women and Family Unit revealed that 78% of respondents felt burnt out at work, largely due to the normalization of hybrid and remote work setups during the pandemic. This could stem from blurred boundaries between work and home or the lack of a conducive workspace.

Interestingly, some experts argue that the concept of work-life balance is evolving. Instead of compartmentalizing work and personal life, a growing perspective views them as fluidly interconnected, blending into a single holistic experience.

SNAPSHOT OF SINGAPORE’S WORK-LIFE BALANCE

Image Credits: unsplash.com

Based on the Manpower Research and Statistics Department’s survey, the Prevalence of Work-Life Harmony Initiatives in Singapore 2022 report highlights these key findings:

1. Rising Demand for Flexible Work Arrangements (FWAs)

Flexible work is no longer a perk but a priority. The proportion of employees requiring FWAs rose from 39.5% in 2012 to 53.6% in 2022. Employers have made significant strides, with 84.1% of employees requiring FWAs receiving them in 2022, compared to 58.6% in 2012. Furthermore, employees are increasingly willing to decline or leave roles if FWAs are unavailable.

2. Accessibility of Non-Statutory Leave (NSL) Benefits

NSLs remain widely accessible. In 2022, 93.6% of employees requiring at least one type of NSL received it, maintaining consistency with previous years.

3. Enhanced Annual Leave Entitlements

Generous leave entitlements have become a norm, especially in competitive industries. 64.7% of full-time resident employees enjoyed 15 or more days of annual leave in 2022, exceeding statutory requirements.

ACHIEVING BETTER WORK-LIFE BALANCE

Image Credits: unsplash.com

Reclaiming the balance in your life is possible by following these actionable strategies:

a. Set Boundaries: Establish clear work hours and communicate them to coworkers, family, and supervisors. Personally, I do not encourage answering work calls beyond work hours.

b. Take Breaks: Incorporate regular pauses to sustain focus and avoid burnout.

c. Prioritize Well-Being: Dedicate time to self-care practices like yoga, exercise, or meditation.

d. Delegate Tasks: Lighten your workload by assigning responsibilities where possible.

e. Say No: Be firm when declining tasks that compromise your balance.

f. Take Vacations: Use your leave to unplug and to try new things. This is my favorite way to recharge.

g. Open Communication: Discuss workload concerns openly with your employer or manager.

h. Encourage a Help-Seeking Culture: Foster an environment where seeking assistance is seen as a strength, not a weakness.

Work-life balance is more than a buzzword…it’s essential for sustaining mental and emotional health in today’s demanding professional landscape. So, don’t feel guilty about taking a well-deserved break before the year ends.

Sources: 1,2, & 3

7 Best Yet Affordable Ice Cream Shops in Singapore

From its creamy texture to its unique flavor profiles, there’s just something irresistible about a good scoop of ice cream. And let’s face it, Singapore’s tropical heat becomes so much more bearable with these sweet creations.

My sisters, husband, and I are obsessed with gelatos, ice cream, frozen yogurt or basically, anything cold and sweet. Through our ice cream escapades, we’ve uncovered some of Singapore’s best spots to satisfy your cravings. Bring a friend or loved one along because, as they say, ice cream tastes better when shared.

#1: KOOKS CREAMERY

Kooks Creamery takes ice cream to another level with their molten lava cookies. Imagine a warm, gooey lava cookie paired with a creamy scoop of ice cream. Choose from flavors like Blue Chai Hokkaido Milk or Brown Butter, and pair them with a lava cookie for an indulgent dessert that hits all the right spots.

Kooks Creamery via facebook.com

Address: 211 Serangoon Ave 4, #01-02, Singapore 550211

#2: HUNDRED ACRE CREAMERY

If you adore Winnie the Pooh, this whimsical cafe is a must-visit. Inspired by the joy and companionship of the beloved story, Hundred Acre Creamery crafts ice cream using only fresh and natural ingredients. Don’t miss their signature Coconut Pandan Waffle, a perfect balance of crispy and chewy.

Address: 691 East Coast Rd, Singapore 459059

#3: UDDERS

A proud local brand, Udders is all about bold and intense flavors. Think Salted Speculoos and Snickers Mars Honeycomb Vanilla for a rich, chocolatey indulgence. Craving something with a local twist? Try their Asian-inspired flavors like Thai Iced Tea and Kueh Salat. Udders has even expanded its reach to Indonesia, Malaysia, and the Philippines.

My first encounter was at their Upper Thomson outlet with friends, and it’s been a favorite ever since. Tip: pair your scoop with their fluffy waffles for the ultimate treat!

Address: 246D Upper Thomson Rd, Singapore 574370

#4: ISLAND CREAMERY

Established in 2003 by Stanley Kwok, Island Creamery is a pioneer in Singapore’s homemade ice cream scene. What sets it apart? A range of locally-inspired flavors like Pulut Hitam, Chendol, and Soursop Pomegranate. It’s a nostalgic treat for anyone who loves Singaporean desserts.

Island Creamery via facebook.com

Address: 2 Orchard Turn, #B4-03 Ion Orchard, Singapore 238801

#5: DAYS OF ELIJAH

This hidden gem is run by Elijah Tan, a former landscape architect turned gelato maestro. At Days of Elijah, the treats are inspired by nostalgic flavors such as Haw Flakes, Pulut Hitam, and Pandan & Kaya. It’s a cozy spot worth seeking out for a trip down memory lane.

Address: 44 Owen Rd, #01-313, Singapore 210044

#6: HONEYCREME

Picture this: Korean organic milk and honeycomb! While other soft-serve options like Milkcow offer stronger flavors, Honeycreme strikes the perfect balance between creamy milkiness and floral sweetness. Surprisingly, this brand hails from Taiwan, but its dreamy soft-serve desserts are every bit as addictive.

Address: 313 Orchard Rd, #04-11/32, Singapore 238895

#7: BIRDS OF PARADISE

This is my sister’s ultimate favorite (especially the Pistachio flavor), and honestly, I get the hype. Known for their botanically-inspired gelatos, Birds of Paradise offers light and refreshing flavors like Chrysanthemum, Hojicha, and Basil. Made with natural ingredients, these gelatos are as unique as they are delicious.

Address: 63 East Coast Rd, #01-05, Singapore 428776 or Jewel Changi Airport

Birds of Paradise via facebook.com

Whether you’re a fan of rich, decadent flavors or light, botanical-inspired gelatos, Singapore’s ice cream scene has something for everyone. What are you waiting for? Grab a scoop or two!

Sources:1 & 2

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