MoneyDigest - Personal Finance, Lifestyle, Money Saving Tips

Eternally Free Ways To Get Your Groove Back

If you are feeling tired, overwhelmed, stressed, bored, or lethargic then, you may have lost your groove or “mojo” (as Austin Powers calls it).

Groove refers to the energy and power to perform things easily and exceptionally. When you are in the groove, you are unstoppable at work and other areas of your life!

Losing it is unavoidable due to financial setbacks, breakups, and other unfortunate circumstances.

There will be days when you feel like you are not fully yourself. I too experience writer’s block every once in a while. But it is important to pick yourself up, shake off the past, and move on.

Reclaim what is rightfully yours by following these tips:

1. DO MORE OF WHAT MAKES YOU HAPPY

Happiness is an essential source of vigor. Begin by writing down a list of activities where you had so much fun. Re-live each moment mentally by reminiscing your happy times. Then, elevate your energy by recreating a couple or more of these activities.

2. TAKE GOOD CARE OF YOURSELF

Being in a rut does not mean that you have to look rotten too! Research suggests that if you look fabulous outside, you will feel fabulous inside. So style your hair differently, put on your favorite cosmetics, or wear clothes that make you feel stunning. Pretty soon you will realize that your groove relies on the self-confidence within.

3. TRAIN YOUR THOUGHTS

In the period of groove loss, you may experience a repetition of negative thoughts or worries. This is called rumination. Rumination can take a toll on your physical and mental well being. Solve this by training your thoughts.

Once it spirals off to the dark abyss, bring back the light by redirecting your mind to the positive memories, grateful thoughts, or anything pleasant. You may have to do this several times consciously until it comes naturally.

4. SHY AWAY FROM ELECTRONICS

It is easy to take things for granted because of how convenient everything is with modern technology. Say you are making a slogan for your ad campaign, instead of spending countless minutes browsing on your thesaurus, you just spend seconds to Google the synonyms.

I know you are tempted to drown yourself on K-Dramas or other television series when you feel low on “mojo” but it is hard to move on if you are avoiding things. Practice an electronics sabbatical by turning of the television, your laptop, tablets, and other devices for at least 3 days. Use this time to have an interesting conversation with your partner or kids. Tidy up your closet or organize your files as long as you do something productive and optimistic.

Image Credits: pixabay.com (License: CC0 Public Domain)

Sources: 1, 2, & 3

How To Lower Risks When Investing In Stocks

Stock investing is not for everybody. But with a little homework and planning it is possible to select a stock in a manner that reduces your risk and puts you in a position to benefit when its price rises.

There is a great deal of information available on publicly traded companies that can help you decide if its stock is worth buying. But it is a challenge to sift through all the data to arrive at the figures that tell you the real story about its performance and its prospects.

Baby Items That You Should Not Be Spending Too Much On

Let us all be real here…as adorable as babies are, having one is Singapore is not cheap!

In fact, the hefty expenses start before the baby is born. You will have to purchase new clothing, supplies, and furniture for the safety and comfort of your precious one. Adding these expenses to the hospital costs may shock the new parents in the first year alone!

This is why it is essential to save as much as you can. Start by considering these frugal alternatives to otherwise expensive purchases:

1. INFANT FORMULA

One of the empowering things that only women can do is to breastfeed their baby. As much as you can, opt for breastfeeding because it will not only be healthy but also be able to save you as low as S$1,500 per year.

If you want to save even more on breast pump, borrow from your family or friends but make sure to change the plastic attachments. You can buy those for far less than a brand new pump.

2. CHANGING TABLE

Is it really necessary to buy another table with S$300 price tag just for changing your baby’s diapers? Especially of you live in a small flat, space can be an issue. Instead, it is advisable to use your long dresser to double as a changing station. Some parents even change diapers on the bed or couch!

Simply put a soft blanket, mat, or pad over the spot so your baby can rest comfortably.

3. BABY CLOTHES

Believe me when I say that babies can have sudden growth spurts so, it is unnecessary to buy loads of baby clothes in advance. It goes the same for shoes, as socks will be sufficient to keep their cute toes warm.

Start saving for baby clothes by asking your friends and family if you can have their child’s outgrown clothes. You will not only help your friends or family members to de-clutter their space but you will also save more.

4. NURSERY DECOR

Some parents spend over a hundred dollars just for designer wall decals. A frugal alternative is to select from a wide range of free printable art available in the Internet.

For instance, this awesome post will give you over 100 designs from 89 talented artists. Just print your desired art and hang it on your nursery walls with the S$4.90 frames from IKEA.

Image Credits: meinlilapark.blogspot.sg

Saving money has not looked this good! 🙂

Sources: 1, 2, & 3

3 Ridiculously Expensive Purchases Feeding Singapore’s Materialistic Urges

In 2012, a study published by Singapore Management University showed that female university students who were locals were significantly more materialistic than their American counterparts.

Living in the most expensive city in the world, it is inevitable to equate one’s stature to one’s wealth. The validation we get from other people while flaunting our expensive items is flattering at first but it is harder to maintain in the long run.

Instead of inciting envy, how about you focusing on improving your self-worth by avoiding these ridiculously expensive purchases:

1. DESIGNER BAGS

There is no better way to wear your “wealth” than by carrying a bag that screams costly designer price tags wherever you go! While you may feel excited, happy, and satisfied the first few months, you will soon be craving for a new one to widen your collection.

With the ever-changing fashion trends, is it really worth spending over S$4,000 on a mini Chanel bag? For me, making new experiences with your loved ones while traveling overseas is a better way to spend that pile of cash.

Think about it. You have to strictly save up and resist temptations as this huge amount of money equates to about 2 months of your salary (in reference to the average wages of Singaporeans)! Sporting your sleek Chanel bag may display your “high status” but the preoccupation to limiting your daily expenses can cause long-term unhappiness.

2. JEWEL OF PANGAEA

Do you want to experience an extravagant cocktail at one of Singapore’s most luxurious nightclubs? If you answered yes then, you have to fork out about S$32,000 to experience the “Jewel of Pangaea”. The Jewel of Pangaea consists of vintage Krug, Richard Hennessy cognac, smoke-infused sugar cube, and 1-carat triple X diamond from Mouawad.

The renewed mixologist prepares the shining jewel garnishing over foamy liquid of gold in just 45 seconds. 45 seconds – the short amount of time it would take to flush your S$32,000 down!

3. 3D TELEVISIONS

Dreaming of a movie theatre-like experience at home?

Few people turned that dream into reality by purchasing 3D television that includes 3D glasses, lifelike images, vivid colors, and 3D effects. In Singapore, the price for this set ranges from S$2,800 to S$14,999.

Knowing that the majority of the owners (i.e., almost 80%) in United Kingdom regretted their purchase…will you still buy one for the sake of showing off your extravagant television to others?

Image Credits: pixabay.com (License: CC0 Public Domain)

Avoid making ridiculous purchases that are meant to fill your emotional void by questioning your buying habits. Also, be grateful for what you have. The less you give into the unnecessary wants, the less financial and natural resources will be impacted!

Sources: 1, 2, 3, & 4

5 Genius Ways To Save Money As A Start-Up

As a budding entrepreneur, your new business is tied with cash. With hundreds of things on your plate, you are either looking for more ways to boost your profits or more ways to save money.

Look no further as this list will explore smart ways where your small business can save money in its early phases…

1. SAY “YES” TO FREE AND CHEAP ADVERTISING

You do not need the fanciest commercials or the flashiest banners to bring in more customers. For now, all you need are free websites to post your ads.

Online classifieds are a good choice as these are cost-effective, convenient to relay contact, visible to a large-scale of consumers, and the you are able to edit a listing anytime. Browse a list of premier advertising websites here.

2. ONLY HIRE PEOPLE WHEN YOU NEED THEM

As a start-up, you are testing every aspect of your business including the amount of labor necessary. Do really a marketing team or can you handle the marketing aspect by yourself?

Instead of hiring professionals to do the job for you, you can commit several hours in developing skills. This is why it is not a good idea to hire a huge team of workers and waste a hefty amount on wages earlier on.

And when you decide to hire help, good sources of quality yet low-cost labor are university or polytechnic interns. If you are willing to supervise and devote your time to training, both of you can benefit from the experience. Think about it! You are giving a worthwhile experience and good recommendation for the intern while the business is receiving low-cost (and sometimes free) services.

3. USE A BUDGETING SOFTWARE

If you have zero knowledge on accounting or you need more help in your budget planning, then you must consider accounting software.

Aside from using an Excel spreadsheet, you may budget like a pro by using accounting software called inDinero. inDinero helps you run the small business better as it safeguards your transactions, your cash flow, and your expenses. It connects the bank accounts so you can visualize where your money goes. Furthermore, it helps you with your payrolls and taxes.

4. ARRANGE ONLINE MEETINGS

Globalization paved way for international affairs to be easily accessible. So if you have clients or workers who are overseas, what better way to hold meetings than by using inexpensive online tools such as Skype video conferencing or Facebook video chat?

To save even more, invest in laptops instead of desktop computers, as these laptops are not only less expensive but also consume less energy. Whenever possible, use these laptops and Internet tools to communicate effectively.

5. SAVE ON YOUR WORKSPACE

Office spaces in Singapore can get very expensive! Instead of forking out your wealth, you can consider sharing your space and splitting the rent with another small business. In fact, you can rent a flexible space for as low as S$450 a month with Regus.

Regus is a global company that has been around for more than two decades. With over 25 building locations islandwide, you will be able to find a space that suits you best! 🙂

Image Credits: pixabay.com (License: CC0 Public Domain)

Sources: 1, 2, & 3

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