How to Live Like a Millionaire on a Small Budget

Do you dream of living a luxurious lifestyle like a millionaire, but feel like your bank account just won’t cut it? The good news is that you can still enjoy the finer things in life without having to break the bank.

By adopting a few straightforward lifestyle changes, you can indulge in luxury without worrying about overspending or debt. Here are some of the smart financial choices that you can begin with.

TRACK YOUR SPENDING

One of the first things you can do to live like a millionaire on a shoestring budget is to learn how to budget effectively. By examining your expenses and prioritizing your spending, you can ensure that your money is going towards things that matter most to you.

Do you value childcare over new gadgets? Do you prioritize training or travel? Assessing your spending habits will result in cutting back on unnecessary expenses and focusing on things that bring you joy.

ADOPT A MINIMALIST LIFESTYLE

When you’re trying to live like a millionaire on a budget, it’s crucial to invest in high-quality items. This doesn’t mean spending a fortune. Instead, you must choose items that are worth the investment and will last a long time.

For instance, you could invest in a classic white button-up shirt that costs S$100 and wear it to different work events, rather than buying a cheap shirt that you’ll only wear twice and dispose of due to its poor quality. While you’re at it, consider building a capsule wardrobe to simplify your life. By cutting out clutter, you can create a more luxurious and clean-living environment.

GO FOR FREE OR LOW-COST EXPERIENCES

Take advantage of free or low-cost experiences. Look for free events in your community by browsing social media groups or marketplaces. You can also join DIY or home improvement projects initiated by your community.

Indulge in some free group activities, such as visiting ArtScience Museum‘s “Future World: Where Art Meets Science” exhibit. Guests can enjoy complimentary entry for up to four children under 12 years old on Fridays, except during Singapore school periods or public holidays.

You can also go to the Singapore Heritage Fest, which highlights the country’s rich history through a series of exhibitions, talks, and performances. Many of the festival’s activities are free. By being resourceful and creative, you can have fun and feel fulfilled without spending a lot of money.

WATCH OUT FOR PROMOTIONS

Expand your collection of high-quality goods and services by seeking out deals and discounts. Many luxury brands offer clearance events or seasonal promotions, so keep an eye out for those.

INVEST IN YOURSELF

Knowledge is an investment that yields the highest returns, as it is something that no one can ever take away from you. Take classes and learn new things to add value to your personal and professional life. When you have more skills and knowledge, you can negotiate better deals and increase salary. Sign-up for some classes today at SkillsFuture Singapore (e.g., Introduction To Personal Investing for S$20).

TRAVEL SMART

True luxury is often found in experiences and not in material possessions. Travelling can be a great way to experience luxury as perceived by diverse cultures. Don’t forget to travel smart! Instead of staying in expensive hotels or resorts, consider renting an apartment or house. This will give you more space and privacy for less money.

When it comes to dining out, eat like the locals or choose restaurants that offer good value for your money. Read online reviews to be guided, especially when you are in a place you have not been before.

GO YACHTING

Have you been on a yacht before? Yachting may seem like an activity reserved only for the wealthy elite, but at The Yacht Club, you can enjoy the experience at an affordable price. With one of the largest fleets of yachts in Singapore, The Yacht Club offers a variety of options to fit your budget. The most economical choice starts at S$635 and provides an elegant, powered single-hull that can accommodate more than 10 passengers in its spacious lounge area. Check out their website for special rates.

TAKE ADVANTAGE OF REWARDS

Credit cards offer a variety of rebates and rewards, allowing you to purchase items on your wishlist for a fraction of the price. However, it’s important to use these cards with discipline and wisdom. You don’t want to end up in debt just to satisfy your lavish taste.

SPLURGE ON LUNCH OR BRUNCH

If you love eating out, opt for lunch instead of dinner. Many restaurants and cafes offer lunchtime promotions or set menus at lower prices than their dinner offerings. The food is just as delicious.

MAKE ARTISINAL COFFEE AT HOME

For a coffee enthusiast, savoring a delicious cup of coffee is a luxurious experience. Fortunately, many grocery stores offer a wide range of high-quality coffee beans to choose from. By purchasing whole beans and grinding them at home, you can save a significant amount of money on your daily latte. Whiff the aroma of freshly brewed coffee in the comfort of your own home while also being budget-friendly.

Image Credits: unsplash.com

Living like a millionaire on a tight budget is all about adopting a mindset of abundance and focusing on the things that truly matter. By simplifying your life, being resourceful, and budgeting effectively, you can create a life of comfort without draining your savings!

Sources: 1 & 2

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Extremely Drained from Work? Here are 5 Ways to Feel Less Tired

There’s something about working eight hours a day that leaves us feeling exhausted. Whether you constantly deal with difficult clients or completing an important project, a day at work can leave you unmotivated to do anything else. How are you supposed to meet up with your friends or to teach your child how to accomplish his homework?

Feeling depleted or burnout due to work demands can manifest in a variety of ways such as:

a. having negative, cynical, or pessimistic feelings about your job,
b. finding it difficult to be productive, and
c. feeling less confident about your work.

If you experience any of these symptoms, it may be time to start identifying the triggers that may contribute to your fatigue and consider making changes to achieve a healthy work-life balance.

WHAT IS STRESS-RELATED FATIGUE?

When you are heavily suffocated with stress in the workplace, you can experience stress-related fatigue. Feeling emotionally and physically down can be due to being sedentary at work, consuming too much sugar and caffeine, not taking enough breaks, and being in a stressful work environment. You may deal with this type of fatigue because of heavy workload, job insecurity, or other life and work stressors.

#1: SKIP ON CAFFEINE

We cannot deny the stimulating effects of caffeine, but if you do not want to spend the entire night scrambling around, drinking espresso after work is probably not a good idea. Try munching a banana instead.

You will be surprised by how a banana boosts your productivity! Bananas are a fantastic source of carbohydrates, natural sugar, and vitamins. All of these helps increase your energy levels.

#2: TAKE A POWER NAP

During your lunch break or after work, you can consider taking a power nap. If you can find a quiet space to rest, napping earlier in the day is better to avoid ruining your nighttime routine.

Even a 20-minute nap will help revitalize your body and make you feel fresh. However, be sure to set your alarm to prevent oversleeping. Otherwise, you’ll wake up feeling groggy.

#3: EXERCISE REGULARLY

After an exhausting day at work, you might feel that exercise is the last thing on your mind. Believe it or not, regular exercise will make you feel less tired in the long haul. Walking and physical activity can help manage stress and increase your energy levels.

Do this gradually. Build up your stamina over time until you reach the recommended goal of 150 minutes of moderate-intensity aerobic exercise (e.g., cycling, doubles tennis, or brisk walking) as well as strength exercises on 2 or more days a week that work all the major muscles (i.e., legs, hips, back, abdomen, chest, shoulders, and arms).

#4: DRINK MORE WATER

You’ll likely notice a change in your mood, ability to concentrate, and energy level when you are dehydrated. In fact, studies have shown that being just half a liter dehydrated can elevate your cortisol levels. So, keep fatigue at bay by drinking water sufficiently. Drinking enough water can help reduce the negative psychological and physiological impacts of stress.

Image Credits: pixabay.com

#5: CONSIDER TALK THERAPY

Research shows that talking therapies such as counselling or Cognitive Behavioral Therapy (CBT) might help fight fatigue or tiredness, caused by stress, low mood, or anxiety. Ask for support from your trusted social circles or seek professional help.

Sources: 1, 2, 3,  4, & 5

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6 Undeniable Reasons Why You Should Buy Luxury Makeup

Over the last decade, the beauty industry has exploded into a multi-billion-dollar industry. Dermatologists, beauty experts, and celebrities alike are launching their own high-end beauty brands. Not to mention, drugstore makeup widened their range of beauty products. You have probably once thought why do some makeup products, which all appear to be similar at first glance, carry different price tags?

Well, some products may seem like an investment, but the benefits are vast. If you are considering investing in luxury or high-end makeup, here are some reasons why it is beneficial to spend more on the products that you apply to your face.

#1: PRODUCTS ARE LONGER LASTING

You will keep reaping the rewards for much longer when you invest in luxury facial serum, body oil, or fragrances. Luxury brands offer richer, deeper, and more premium kind of beauty experience that comes with longer lasting results. When you invest in high-end beauty, you pay for ingredients that are meant to last.

#2: BETTER INGREDIENTS WERE USED

Drugstore beauty brands may have active ingredients such as retinol, hyaluronic acid, and glycerin. However, the amount can be negligible compared to luxury brands. Luxury brands offer pure, authentic ingredients, which may be harder to source. While both high-priced and low-priced products can have the same ingredients, the former tend to have more potent ingredients.

Karen Kagha, a Los Angeles-based board-certified dermatologist, shared that she “like for the ingredients and studies/results to inform my opinion about a product’s performance.” She highlighted that many luxury brand names have combined effective ingredients and great branding over the years.

#3: QUALIFIED CONSULTANTS ARE READY TO HELP

When purchasing luxury makeup, there is always somebody qualified to help you both before and after the sale. Whether you are in the physical store or purchasing online, you can chat or live chat with the beauty consultant to help you find a product that suits your skin best. Apart from the premium ingredients, you are investing in the expertise of these beauty consultants too.

Some of the typical queries of customers are finding the right color to purchase the right foundation and finding the correct style of lipstick to suit one’s lips. Brands that offer beauty products at a cheaper rate are generally self-serving and provide no aftercare if you need further help afterwards.

#4: PRODUCTS COME WITH QUALITY PACKAGING AND APPLICATORS

Luxury makeup looks more pleasing when you pull them out of your bag. Apart from its attractive exterior, it is unlikely that high-end makeup will come with a smashed palette, product faults, and broken mechanism. These products come with quality brushes or appropriate applicators instead of the standard widely produced sponges. These applicators make a dramatic difference in how your face will look and how well you apply the products.

#5: LUXURY CAN MAKE YOU FEEL GOOD

Strategic marketing is a big part of luxury brands. Luxury brands spend a chunk of their budget to entice customers all over the world. The packaging or how the product dispenses can make the consumer feel good about their makeup. The feeling of exclusivity and value should not be discounted as it can help boost someone’s overall confidence!

#6: WE ALL DESERVE A BIT OF LUXURY

Whether you have been saving up for a luxury makeup item or have extra money to spend, you deserve a bit of luxury. With the mask mandate slowly easing, our face is the first thing that people see when we meet them. Take care of your face by putting quality products that will last long. Do not be shy to walk inside the luxury beauty stores at The Shoppes Marina Bay Sands and simply enjoy the experience. If you have enough money saved up and you are not hurting your credit score, you can treat yourself to luxury beauty items every once in a while.

Image Credits: unsplash.com

Start and end your day feeling beautiful – because you are!

Sources: 1, 2, 3, & 4

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How to Overcome the Fear of Trying New Things (Again)

The new Year of the Rabbit is the perfect time to take the leap by learning or trying something new. You can take up ceramics, learn French, start a book club, plant a seed, go back to the dating scene, or try indoor rock-climbing. As for me, I have to learn how to drive again.

I started learning how to drive in 2016 and encountered several accidents in the first few years. As time passed, I became more fearful and started to avoid driving by myself. I do not want to quit just yet. I am slowly regaining the confidence I once had.

The thing that no one mentions about stretching yourself is that it really sucks sometimes. Yes, trying new things is exciting, but it can also be terrifying and embarrassing. Getting over the initial fear of trying new things and actually having fun is part of the journey.

On that note, here are four strategies you can apply to overcome the fear of trying new things.

#1: JUMP WITH THE RIGHT MINDSET

People tend to approach a new experience in two ways – wanting to learn a skill or wanting to master it. The former encourages the learner to make mistakes and figure out how to do the process while having an enjoyable time. While the latter finds delight in doing well, impressing others, and discovering their natural talent in something.

Learning a new skill and having the ability to laugh at your own mistakes takes off the pressure. Creating mishaps is part of the process. For instance, you want to finish a marathon. Running in under two hours can be your goal, but getting in shape and meeting new friends are worthy outcomes too.

#2: REMEMBER THAT IT’S OKAY TO NOT LOVE IT RIGHT AWAY

No matter what new skill you are trying to learn, it is more likely that you won’t have a blast at the beginning. Organizational behavior researcher Keith Rollag once highlighted: “From an evolutionary standpoint, trying new things, for much of human history, could have been dangerous. Your performance can have a big impact on your status.” Status affects our ability to get the resources we need to survive. The fear of trying new things was an issue of survival.

One of the challenges of starting new experiences, joining new groups, and meeting new people is the anxiety of being the newcomer. Not loving the process right away is not a sign that you have made a terrible mistake. Instead, it is part of being human.

#3: DON’T CONFUSE YOUR FEELINGS

Anxiety and excitement are two sides of the same coin. Ever notice that all these feelings manifest in the same way? Whether you are nervous or excited, you get butterflies in your stomach and sweaty palms. You pace back and forth. Notice a man in his first job interview and compare it with a man who is about to propose. Both men feel adrenaline coursing through their veins. The body interprets the high-stakes situation in the same way.

This just shows that the brain is creating the story we tell ourselves. Bringing awareness to this fact will help us to manage our feelings better.

#4: BREAK IT DOWN INTO SMALL PARTS

The best way to deal with your current situation is to break down a task into manageable steps. When Michael Phelps competed in the Beijing Olympics, he had to swim with visual challenges. His goggles began filling with water the moment he dove in the 200-meter butterfly race. He recalled the race in an interview with CBS News:

“They started filling up more and more and more. And about 75 meters left in the race, I could see nothing. I couldn’t see the black line. I couldn’t see the T. I couldn’t see anything. I was purely going by stroke count. And I couldn’t take my goggles off because they were underneath two swim caps.”

Image Credits: unsplash.com

Despite not being able to see where he was and where he was going, he counted the strokes. He bagged the gold medal in that race and broke the world record. Breaking down the task into several parts motivated him to finish the race. A person who is learning how to drive can start by learning the safety protocols and theoretical background of driving, before practicing in an actual driving course.

Learning takes time and your journey is uniquely yours.

Sources: 1 & 2

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How to Create a Strong Christmas Budget

Do you want to scale back on Christmas spending this 2022? Money might be tight this year or you just want to save more. Here is how you can enjoy the holiday season on a budget! Discover our top ways to save money with these money-saving ideas.

#1: CREATE A CHRISTMAS BUDGET

A Christmas budget will help dictate your spending habits. Start by listing your monthly income. All money your household brings in each month is income. This will include your side jobs. Then, write down your expenses.

Include all gifting expenses, saving goals, essentials, and non-essentials such as entertainment and restaurant budget. Lastly, you must subtract your expenses from your income to equal zero. Having zero as the end amount means that every dollar needs a job! There will be no room for accidental spending as every dollar will be put to effective use.

#2: SHOP EARLY

Do not wait for the best year-end promotions to start your Christmas shopping. Sales come all year long! Grab Christmas decorations on clearance in February. When you are mindful of your list throughout the year, you will be able to spread out you’re spending and stress.

If you missed the chance of shopping early this year, remember that January 2023 provides another opportunity!

#3: CHOOSE TIME OVER MONEY

As the old saying goes, “It’s the thought that counts.” The thought of spending time together is better than any physical gift. You can save money this year by being intentional and present in whatever way you can. Value experiences over gifts and clutter.

#4: GIVE FEWER GIFTS

Cut down your gift list! Trim down the list because you are obliged to give to everyone in your social circles. You have to be strategic when it comes to choosing whom to give your presents to. You cannot just pass gifts around at a family gathering and skip some people.

Image Credits: pixabay.com

#5: USE CASH

Instead of charging your Christmas gifts to a credit card, reduce your expenses by buying gift cards or by using cash. Having cash will ensure that you are mindful with your spending. Stick to your shopping list and your budget! This avoids credit card bill shock in January. You do not want to start the year by paying interest on your debts.

#6: BUY ONLINE WHEN YOU CAN

Buying online will ensure that you skip the transportation fee. You can even have the gift delivered directly to your recipient. If you are buying gifts online, look for flash sales and coupon codes. Often, you will be rewarded with a percentage off. Just make sure that you are buying from a reputable website.

#7: CRAFT HOMEMADE GIFTS

Consider making presents instead of buying them. It is best to stock up on craft items while they are on sale. If you plan to create handmade Christmas gifts, start earlier in the year. You can make gift baskets, soaps, bath salts, baking mixes, and succulents.

Image Credits: pixabay.com

Let your kids join your Christmas DIY activities to ignite their creativity and awaken the spirit of Christmas!

Sources: 1 & 2

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