6 Ways to Save Money as a Yoga Teacher

Various people have an impression that Yoga is expensive or that Yoga is only for the elites.

Compared to a monthly gym membership, perhaps Yoga can be considered expensive. Clothes, mats, and other props can be costly. But, if you prioritize the practice of awareness rather than flaunting for fashion then you may find yourself saving a lot more.

As Yoga teachers, you get to immerse yourself deeper in the practice and its doctrines. You become less interested in wastefulness and more interested in conservation. With that in mind, here are 6 Simple Ways to Save Money as a Yoga Teacher

Image Credits: The Cosmopolitan of Las Vegas via Flickr

Image Credits: The Cosmopolitan of Las Vegas via Flickr

1. SAVE ON YOGA TOPS

Jessica Matthews, writer on “American Council on Exercise”, suggests that you can wear a simple tank top a fitted and stretchy t-shirt, or a sportswear top, whether or not they were designed specifically for Yoga. An inexpensive top or shirt can be just as comfortable as the designer ones.

2. MANAGE YOUR INCOME AND EXPENSES

In order for you to decide on how much you shall save, first you must be aware of how much you are spending. The typical things you will track as an expense are costs on training, travel, clothing, and books. The challenge now is for you to choose on which expenses you can reduce.

3. MAKE YOUR OWN YOGA PROPS

Abby Lentz, founder of the “HeavyWeight Yoga classes”, shared some Do-It-Yourself Yoga Props.

a. Yoga Blocks

It is possible to make a handcrafted Yoga Block if you have bulky, unused or old books, yellow pages, phone books, and dictionaries. Just slip a pace of hard cardboard halfway between the pages of the book to make it sturdy and tightly tape the entire areas close.

b. Yoga Straps

You can make your own Yoga strap by knotting two neckties together. You may also use a second-hand bathrobe sash from the thrift shop as branded Yoga straps are just made with cotton straps with buckles.

Image Credits: Roy Blumenthal via Flickr

Image Credits: Roy Blumenthal via Flickr

4. PRACTICE AT HOME

Doing Yoga at home along with a video or audio companion is definitely more cost-effective than attending classes. The Internet has an abundant index of Free Yoga videos, health information, and Yoga poses catalog that you may use.

If your studio benefits include free classes, then take advantage of it. Aside from exercising, you will get a chance to study how different teachers conduct their classes.

5. INVEST IN THE BASICS

Two dollars for a mat and a dollar for bottled water may not seem like a lot, but it will quickly add up over time. Instead of buying or renting cheap Yoga mats, invest on a sturdy one that you can use for a couple of years.

Instead of buying mineral water on the studios you practice, buy a cheap water bottle and refill your own water at home. Through these steps, you will not only be able to save money but you will also be able to reduce waste.

6. Aside from saving money on Yoga, you can also save money through Yoga!

Sources: Yogaanonymous and About.com

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Goodbye 2014, Hello 13th Month Bonus?

13th Month Bonus

Phew! After a year of hard work, it’s time to bid 2014 farewell. It may had been a good year for many but a mediocre year for some – whichever the case, it’s time to move on and hope that 2015 will be better year.

It is also the time where everyone starts to set their New Year resolutions.

Improve self? Checked.
Improve fortunes? Checked.
Make new friends? Checked.
Improve career? Checked.
Travel to new places? Checked.

Before you start checking the entire list, wouldn’t it be good to have a fat bonus to accomplish all your resolutions?

It’s good to find out what you will received on top of your monthly salary, or what we call the Variable Wage Components which consists of the Annual Wage Supplement (AWS), Bonus and Variable Payment.

13th Month Bonus or AWS
The Annual Wage Supplement is also known as the 13th month bonus which you will receive in addition of your December’s salary. It is a single annual payment to employees that supplements the total amount of annual wage earned. If you have already received your bonus in December, lucky you!

But wait, is that a bonus or a supplement? While some would argue that it a mandatory compensation for a ’52 weeks in a year/4 weeks’, the Ministry of Manpower (MOM) defined it as:

Payment of AWS depends on the contractual agreement between the employer and the employee i.e. whether it is provided for in the employment contract or collective agreement.

What if it is not stated in the contract?

If it is not stipulated in the employment contract, AWS payment is subject to negotiation and mutual agreement between the employer and employee, or the trade union representing the employee.

Unlike countries like the Philippines and Latin America, it is not mandatory although it has been customarily provided for by companies in Singapore.

The AWS was first introduced back in July 1972 by the National Wage Council (NWC) to minimise the gap in the public and public sector and to promote a fair and equitable system of bonus payment. It has since set the precedent on how companies give out bonuses.

The point to note is that it is more of a privilege rather than a right, unless provided for in collective or individual agreements.

Bonus
Bonus, on the other hand, is paid out once to reward you for the efforts and contributions you made to the company. Like the AWS, it is not compulsory unless it is a contractual obligation and if it is provided for in the contract.

There are many different types of bonus such as Performance Bonus, Variable Bonus and Dividend Bonus.

Variable Payment
Variable payment is paid out as an incentive to increase the employee’s productivity or as a reward for your contributions. Take for example – commissions, overtime, variable allowance, incentives and gratuity. Variable payments are also not compulsory unless provided for in your contract.

As civil servants rejoiced at their 1.8 month bonus, which of you has received even more generous bonus? And how are you going to spend them? Discuss them in the forum here: http://moneydigest.sg/forums/index.php?threads/how-much-bonus-did-you-get-for-2014.248/

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10 Hottest Jobs for 2015

10 Hottest Jobs for 2015

If you are a fresh High School graduate venturing off to College, at some point you may be unaware of which course you will take. As you weigh your options, you may look at what are the in-demand jobs of the year.

To answer your itching curiosity, Economic Modeling Specialists Intl. (EMSI) and CareerBuilder Company got together to gather a new list of 10 Hottest Jobs for 2015. These data are based on the workforce’s supply and demand.

EMSI turns labor market data into useful information to aid organizations in understanding the economy, employees, and work while CareerBuilder is a “classified ads” website that posts jobs for people who are seeking for them.

On that note, here are a number of jobs that are most in-demand for 2015

1. MARKETING EXECUTIVE

Gap between job postings and hires: 22,996

Job growth (2010 – 2014): +10%

Mari Smith via Flickr

Image Credits: Mari Smith via Flickr

2. SOFTWARE DEVELOPER

Gap between job postings and hires: 21,084

Job growth (2010 – 2014): +15%

Official GDC via Flickr

Image Credits: Official GDC via Flickr

3. REGISTERED NURSE

Gap between job postings and hires: 21,084

Job growth (2010 – 2014): +15%

4. INDUSTRIAL ENGINEER

Gap between job postings and hires: 18,151

Job growth (2010 – 2014): +9%

5. NETWORK AND COMPUTER SYSTEM ADMINISTRATOR

Gap between job postings and hires: 17,054

Job growth (2010 – 2014): +7%

6. WEB DEVELOPER

Gap between job postings and hires: 15,492

Job growth (2010 – 2014): +17%

Image Credits: Campaign Monitor via Flickr

Image Credits: Campaign Monitor via Flickr

7. MEDICAL AND HEALTH SERVICES MANAGER

Gap between job postings and hires: 15,070

Job growth (2010 – 2014): +6%

8. PHYSICAL THERAPIST

Gap between job postings and hires: 13,545

Job growth (2010 – 2014): +10%

Image Credits: Official U.S. Navy Page via Flickr

Image Credits: Official U.S. Navy Page via Flickr

9. SPEECH-LANGUAGE PATHOLOGIST

Gap between job postings and hires: 8,001

Job growth (2010 – 2014): +5%

10. SALES MANAGER

Gap between job postings and hires: 6,309

Job growth (2010 – 2014): +8%

Image Credits: Ken Teegardin via Flickr

Image Credits: Ken Teegardin via Flickr

Source: MSN

These 10 jobs are the professions for which companies post each month significantly that outnumbers the amount of people they actually hire. Thus, it shows what talents are the companies most hungry for. 

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25 Highly Paid Jobs in Singapore

25 Highly Paid Jobs in Singapore

When you are in school, you have always heard that doctors and lawyers are highly paid. You buried yourself under the books for years hoping to achieve the grades that let you enter either the Medical or Law School.

Have you wondered how much they earned? Are there any jobs that are also bringing in the big bucks?

We list down the top 25 best paid jobs across all industries in Singapore.

1. Specialist Medical Practitioner (Medical) $21,595
2. Specialist Medical Practitioner (Medical) $20,348
3. Managing Director/Chief Executive Officer $18,000
4. Trade Broker $14,781
5. Chief Operating Officer/General Manager $12,000
6. General Practitioner/Physician $11,384
7. University Lecturer $11,371
8. Commodities Derivatives Broker $11,240
9. Company Director $10,899
10. Ship Broker $10,660
11. Foreign Exchange Dealer/Broker $10,000
12. Software and Application Manager $9,900
13. Legal Officer $8,573
14. Lawyer (Excluding Advocate and Solicitor) $8,500
15. Chief Information Officer/Chief Technology Officer $8,300
16. Financial/Insurance Services Manager $7,929
17. Risk Analyst (Financial) $7,708
18. Treasury Manager $7,558
19. Network and Communication Manager $7,435
20. Research and Development Manager $7,391
21. Policy and Planning Manager $7,105
22. Technical/Engineering Services Manager $7,023
23. Marine Superintendent Engineer $7,000
24. Budgeting and Financial Accounting Manager (Including Financial Controller) $7,000
25. Managers $7,000

Is your dream occupation in the list?

(This list is compiled based on median income listed on MOM’s Occupational Wage Table, 2012)

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