It is amazing to start the Lunar New Year with a clean financial slate and increased savings. So, begin the year with a 2015 spending cleanse: short yet impactful exercise to help you clear your mind, focus on your goals, and improve your buying habits. There are no excuses because a short-term intervention (7 days) is a good place to start.
In just a week, your financial awareness can help you stop spending on unnecessary items and eventually help you break the bad habits. Try these 3 Spending Cleanse Ideas and come out more motivated, focused, and richer.
You must first figure out a budget plan that helps reach your financial goals before starting the cleanse. Seek guidance from family, friends, or YouNeedABudget.com.
1. ELIMINATE THE UNNECESSARY
Plan: Identify a category where you are overspending then, slash that problem area.
Purpose: To allocate more money for shopping, emergency fund, and savings.
If you a person who does not pack for lunch and only go for local restaurants, gourmet counters, and coffee shops everyday then your expenses can take about S$450 of your income. With this cleanse, you will have to go on cold turkey and avoid buying for outside food for 7 days. You will find yourself save more afterwards.
Just by reducing expenses in one category such as switching back to basic cell phone plan; you can save up for your dreams in just a few years. It is so simple! There is no sense if you go back to your unpleasant ways.
2. HAVE AN “AUTO-SAVE” SYSTEM
Plan: Program regular account transfers to help you reach your goals while having a busy schedule.
Purpose: To save money for retirement, emergency fund, and vacations before you spend it all.
Contemplate upon your budget and begin writing a list of the things you want to save for from your needs (e.g., emergency fund) to your wants (e.g., Christmas vacation in Paris). Divide your income to the needs first then, divide what is left to your wants. You need at least two bank accounts: one for your needs and one for your wants. The next step is to set up automatic transfers or direct deposits that will move your money into each account on payday.
3. NO MORE PLASTIC CARDS
Plan: Withdraw the week’s spending from the bank in cash. When it is gone…it is gone.
Purpose: Saying no to credit cards will cut down the impulse purchases.
Most people talk about how important their long-term financial goals are but their regular buying decisions do not support their goals. This cleanse will have you keep your credit and debit cards at home so you can easily notice when you are losing money for every purchase. Before the week begins you must spare 25% of your income and divide it to your spending categories and put all in different envelopes.
Image Credits: wikihow.com/Do-Envelope-Budgeting
This will be your only allowance for the whole 7 days and all for purchases shall only come from it. Research showed that the act of relying to cash for spending makes you savor the paying process, think more, and spend less. Trust me, it works.
The Chinese New Year festivities are well underway. By now, surely a significant majority of the Chinese in Singapore would have went through their fair share of visiting old family friends, exchanging well wishes and greetings, and if my Instagram feed is any reliable indicator, our Chinese friends have certainly been werking it in their newest shirts and dresses indeed!
Truly, Chinese New Year is one of the most anticipated annual celebrations for every Chinese, and amidst the excitement, the hype, and the joy, it is certainly little wonder why it’s the favourite time of the year for most of the Chinese.
That being said, it is undeniably easy to get caught up in the storm of the festival excitement, and many of us may have over-indulged in some of those delicious Ferrero Rochers or Love Letters, offered time and time again by a friendly relative or two.
Well, don’t fret too much about it! After all, Chinese New Year is a special occasion that happens only once each year, and if you think about it from another perspective, this is the only time that you’ll be able to get so much free food without guilt. Plus, everyone gains weight during Chinese New Year anyway – you’ll hardly be the exception.
(Image credit: voucherlicious.com)
Indulge in junk food to your heart’s content for now, but perhaps not to the scary extent of eating yourself sick, that’s a definite no-no – we’ll worry about the weight gain and toxic build up after Chinese New Year. And perhaps, this article may come in handy then.
Through this article, you’ll learn 3 simple tricks to detox and cleanse your body of any harmful toxins without having to break your bank. Expensive juice cleanse regimes? The latest tea-tox trend that has been taking a toll on your wallet? With these affordable detox methods, you certainly won’t be needing any of those!
And by water, I mean water. For some who abhor plain water, or preferentially define your own terms of water, let me break it down for you. Boiled water, water fresh from the tap, mineral bottled water – yes, this is water. Your milk tea from Koi, apple juice from NTUC, or your can of Coke – darling, these are certainly not water! While it may be easy to assume that simply drinking liquid – no matter what form, sugared or not, is sufficient to fill your daily water uptake requirement, the truth is that they really aren’t! In fact, the additional sugar, syrup and other preservatives added into such flavoured drinks are more often than not, one of the causes that contribute to dehydration, particularly in sunny and humid Singapore. To get rid of those toxins from all the excessive Chinese New Year goodies that you’ve been popping into your mouth, you’ll have to up your plain water drinking game if you truly want to give yourself a good detox.
After all, water has a remarkable ability of flushing out the toxins from your body in a simple, yet affordable way. All you need is to habitually get yourself a mug of plain water from the tap every hour or so, or perhaps bring a large bottle to your workplace for frequent refills at the water dispenser, and you’ll be well on your way to a more hydrated system, and a body that will naturally rid itself of any toxins that have been building up. Frequent cups of plain water will certainly prove to be particularly useful when the toxins in your body begin to accumulate, and return to haunt you in the form of a scratchy throat, or an aching dry cough after you’ve had one too many slices of Bak Kwa.
Not to mention, drinking more water is certainly very easy on the wallet as well. As long as your taste buds do not have a haughty ache for only well-packaged mineral water, drinking more water from the tap comes only at a marginal addition to your bills!
To cleanse your body and simultaneously give your immune system a quick boost, opt for an affordable option of making your own home made juice blend! While laziness and procrastination may compel you to simply pop over to that snazzy new smoothie bar for your juice fix, a cup can set you back a surprising 6 to 8 bucks easily. Not to mention, more often than not, these juice shops tend to add in a spoon or two of sugar or syrup, to keep you coming back for more. Ever wondered why your home made juice blends never taste quite as good as the ones sold outside? Well, this is the reason – the added syrup sweetens up your drink, and while this makes your cup of blended juice much more palatable, you’re left wondering about how much sugar has actually been added, and the extent of detox help you’re truly gaining from that cup.
Save yourself from the uncertainties, and make your own juice blends at home instead! This way, you’ll be able to determine what fruits and vegetables you wish to add into your own custom blend, without having to fret over whether your desired blend is on the menu. Plus, you’ll get to save much more, as each blend can easily serve up to three or four cups, and you can simply refrigerate any extra cups for consumption at night. This is in stark comparison to the $6 that you’re shelling off for a paltry cup of blended juice found in malls.
To pack an extra detox punch to your own home made juice blend, make sure you pop in some of the following fruits and vegetables to your blender. Cucumbers, carrots, celeries, oranges, cranberries, blueberries, lemons, and pomegranates often contain high contents of anti-oxidants and vitamins, which can help in cleansing your body of any unnecessary toxins that have been building up. For the junk food gourmet, a custom juice blend containing some of such fruits and vegetables will certainly have an immensely beneficial impact on your health, as the power-packed juice will help to give your body a thorough detox.
If you have a sweet tooth, balance out the portions of fruits and vegetables in each blend, to keep your cup of home made juice sufficiently tasty for yourself.
Indeed, it can be quite a chore for those who are unaccustomed to working out frequently, but a good round of exercise can certainly do wonders in cleansing your body of those ill toxins that will eventually make you sick!
Go for a quick round of exercise once every two to three days to get your sweat glands working, and ensure that you perspire sufficiently to shed off toxins and fats. Each round of exercise does not have to take very long – just 30 minutes to 45 minutes of such regular sessions every alternate day would be good enough to give yourself a good, healthy detox. Not to mention, regular exercise is undeniably the tried and tested way to lose that extra tyre around your waist! What better way to lose off the weight gained from chomping on too much Chinese New Year goodies? Through sweating it out, you’ll be able to not only lose the additional pounds that you’ve gained of late, but also give your body an affordable detox to stay healthy and make sure that you stay on top of the game!
To cut costs, opt for a simple run around your neighbourhood, or perhaps around the CBD during your lunch break at work. After all, jogging is free, and it helps you to sweat out the bad stuff really effectively.
This is certainly a preferred option as compared to taking up expensive gym courses or signing on for exorbitant yoga sessions that can set you back $50 an hour easily. While these options may seem like the trendiest path to take these days, it is important to keep in mind that they’re not exactly the best financial decisions to make. After all, the end goal in mind is simply to detox your body – surely it doesn’t matter whether your chosen mode of exercise is Instagram-worthy or not, right?
Get your running shoes ready! Though Chinese New Year has yet to come to an end, it won’t be long before the festivities and excitement die down, and we’ll be brought down to the frenzy of desperately trying to lose the extra weight gained, and detoxifying our bodies of the scrumptious but oh-so-sinful Love Letters, Almond Cookies, and crackers alike that we’ve all unwittingly ingested amidst the Chinese New Year hype.
After days of Chinese New Year, many of us feel “richer” after collecting red packets from your parents and relatives. (For those that gave out red packets, i hope your rubbed shoulder with God of Fortune and got your windfall) Now as you hold and sniff your stacks of new notes, you may be thinking of the best place to put away this sum of money other than your tin can or under your pillow. Should you just deposit these money to your standard POSB/DBS account?
We take a look at the banks you should be putting away your money with, which includes fixed deposits and your daily saving accounts.
1. POSB
If you are not aware, POSB launched a cash gift promotion of 1.88% for 12 months on 23 January 2015. What this means is that any single sum deposit between SGD 1,000 to SGD 1,000,000 to your saving account will earn you an interest of 1.88% for 12 months. The catch is you cannot withdraw these top-up amount during this 12-month period.
Note: You must sign up before 28 February 2015 to be eligible for the promotion.
DBS launched the same promotion earlier this month for customers who deposit SGD 1,000 to SGD 3,000,000 can earn an additional 1.88% p.a for 3 months on top of the 2.08% of their DBS Multiplier Account. Likewise, you need to register with them by 28 February 2015 and make a one-time top-up to be eligible for the promotion. You will need to hold on to the fund for 3 months.
For those who makes a larger deposit of fresh funds of SGD 10,000 and more can consider OCBC Bonus+ Savings Account with up to 2.35% p.a. All funds will earn a base interest rate of 0.05% p.a if no withdrawals are made. If no withdrawals are made in a month, you get an additional 0.55% p.a. Get an additional 0.55% p.a if you do not withdraw in that calendar quarter and a whopping 1.20% p.a top-up bonus if you deposit $10,000 of fresh funds. (0.05% + 0.55% + 0.55% + 1.20% = 2.35%)
For Premier customers, you get an additional 0.05% p.a on each tiers which means you could earn up to 2.50% p.a.
For a 12 month Time Deposit, earn up to 1.40% when you deposit a minimum of $20,000 in fresh funds.
Enjoy bonus rates of 0.8% p.a when you deposit fresh funds of at least $15,000. If you deposit fresh funds of $50,000, you will get 1.0% p.a bonus rates and 1.2% p.a if you deposit $100,000 and more. Get an additional 0.1% if your account balance is above S$350,000.
Receive a limited edition 24K Gold-Plated RISIS Magnificent Goat Figurine (valued at S$238) with S$108,000 fresh funds deposit*.
This UOB Lunar New Year Savings Promotion ends on 28 February 2015.
* For those who want a higher rate can opt for their SGD Fixed Deposit, where you can get up to 1.30% p.a with a 13 month tenor and a minimum of SGD 20,000. Promotion ends 28 Feb 2015.
Maybank offers more choices for their Time Deposit plans and the interest rate varies depending on the amount and tenure of your deposit. From S$25,000, you can get 1.10% p.a if you can lock away for 12 months and can go up to 1.28% p.a if you can stretch longer to 24 months. If you have double the amount (S$50,000 and above), you fall into the higher tier and can receive up to 1.55% p.a for a 24-month Time Deposit.
If you deposit S$150,000 for 24 months, you stand to receive a Corningware 6-piece Meal Maker Set “Dancing Floral” worth S$145.
Deposit a minimum of $25,000 to get an interest rate of 1.25% p.a for their 12-Month SGD Fixed Deposit Account. For larger amount deposit of $250,000 and more, you will receive 1.30% p.a. That’s not all, depending on the amount of fresh funds you deposit, you stand to receive a New Moon Abalone Set.
Register no later than 5 March 2015 to be eligible for the promotion.
Deposit a minimum of S$25,000 and get up to 1.40% p.a for 6-months and 1.35% p.a for 12 months. For larger amount of S$128,000 and more, you stand to receive a choice of two 24K Gold-Plated Goat Medallion coins OR a Coin Set. Promotion ends 28 February 2015.
* For those who want to deposit a smaller amount (with no min deposit) and no tenure can opt for their e$aver Account where you stand to earn an interest rate of 1.35% p.a until 31 March 2015. More info: http://goo.gl/18oKdx
8. Citibank
Want time deposit with a shorter tenor? Then go for Citibank’s 9-month Time Deposit and receive an interest rate of 1.18% p.a. You will need to deposit a minimum of S$50,000 and up to a maximum of S$5,000,000 of fresh funds. Promotion ends on 28 February 2015.
To fix the white wall blemishes that are smaller than 1/4 inch wide then try covering it up with plain toothpaste. Put enough to fill in the whole and scrape off the excess with a knife. If the imperfection is still evident then sand it flat and re paint. For larger cracks you will have to cover it up with “wall filler or spackling compound” that is available for about S$5-7 at the hardware store.
2. UNEVEN WOODEN FURNITURE AND FLOORS
To avoid sanding the whole floor or table to smoothen it up, try this simple solution. Spread a wet towel over the scratched or uneven area then place a hot flat iron on the top then move it in a circular motion for 3-5 minutes. Color it with varnish afterwards if you want.
3. CLOGGED DRAIN
To clear the drain, avoid chemical cleaners as much as possible. Most clogs are in the P-trap (curved pipe below your sink), which is usually easy to access yourself. Place a bucket below to catch any overflow and unscrew the two connections. Clean any debris inside then, screw everything to place.
4. WOBBLY CHAIRS
To silence the creaks and to stabilize the chair’s frame, tighten all the screws first. If the chair has interlocking joints, disassemble the joints. Fill the cracks with an adhesive to bring the parts together.
5. LOOSE CABINET DOORS
Loosen the cabinet screws on the hinge to adjust the door up and down. Adjust accordingly then, retighten once again. A worn out or a bent latch can be replaced by a new one.
6. DIFFICULT SLIDING DOORS
To smoothen the move of the sliding door, you must clean the debris that are jammed within the track and the wheels. Clear it all by running a paintbrush or vacuum along the track.
7. CLOGGED TOILET
This is one of the usual issues faced in the house. To unclog your toilet, use a plunger that is completely submerged. Plunge vigorously! If this does not work, then buy a toilet auger or plumber’s snake in hardware stores that cost about S$13-15. Insert the flexible tool into your toilet drain then rotate it around.
Image Credits: Gary J. Wood via Flickr
There you have it. See, you can solve household problems without calling for backup!
As an entrepreneur, you may be aware that you can get financially unstable at times due to the market’s condition and other factors. So, consider ways to get income on the side that will help alleviate some of the financial stress. Try these 5 ways…
1. CAR FOR RENT
Rent your personal vehicle to others in need. You may post an Ad for free at Gumtree or spread the word through self-printed flyers. Get acquainted with the user first to have a firm and trusting agreement regarding the car’s usage. This will allow you to focus on your business while your car is making money on its own.
2. RENT YOUR GUEST ROOM
If you are okay with sharing your house with other tenants then rent out the empty room/s. Once again, get to know the tenants first (i.e., personality or cleaning habits) and set some ground rules because you might be living with them for more than a month. In an event that you need to go overseas for business, then you may rent the whole house to them and charge them more.
3. TRY ONLINE OUTSOURCING
Some online websites allow users to outsource their skills on a freelance basis. If you can do website development, clerical jobs, writing an essay, video editing, or any other skill…try signing up for Odesk to get decent extra income. Salary payment in Odesk is painless because Credit Cards, PayPal accounts, and Bank Accounts are accepted.
4. INVEST IN REAL ESTATE
There are a lot of methods for making money in real estate that do not require your full-time effort so you can focus more on your growing business. You can consider purchasing properties and resell them for profit (flipping houses) or real estate wholesaling. If this area is unknown to you, find your friends or people in your area with the expertise that you do not have and partner with them.
5. CREATE A NETWORKING EVENT
Image Credits: Image Credits: Cydcor Offices via Flickr
Organize networking events to help young professionals interact with the environment. You not only help others to make valuable connections but you also make money by charging the participants for the food or the registration fee.
