Valentine’s Day is regarded as a romantic but expensive occasion by most couples, and this is mostly due to retail companies jacking up their prices during the celebration. As soon as February starts, one can expect the costs of flowers, chocolate arrangements and dinner plan to be more expensive than usual. With that said, you do not need to burn a hole in your wallet to celebrate the occasion well. It is possible to have an enjoyable, budget friendly Valentine’s Day with these following tips. 1. Cook The Meal There’s nothing more attractive to a woman than a man who[…]

Let’s be honest. Chinese New Year is a time where more expenses incur for those who are celebrating. This is especially true for 2020, where Chinese New Year is just a short, one month from Christmas last year. It’s not surprising if some of us are still recovering from the damage done to our wallets. However, is it necessary to go all out with our expenses to have a joyous and prosperous celebration? Some people might agree – quoting that it’s a ‘once a year thing’, or it’s customary to do so. From new furniture, new clothes to even new[…]

It’s that time of the year, bring out the pen and paper for new year resolutions. If you are planning on making new year resolutions that are financially relevant in 2020, then stay on board and let’s look at the options. Thinking about improving your financial state and to have good financial health for 2020 is a great mindset to have for the new year. On your own, reflect on 2019. Are you happy with how it went? If you could do things differently about your finances and lifestyle in the previous year, what would they be? Now it’s a[…]

As parents, what are your biggest concerns? It’s not too far fetch to say that your children are one of your greatest priorities in life. We all want the best for our little ones – right from the very first time we hold them in our arms, to the time they can finally stand on their own feet. Everything about them matters to us. Whether they have enough to eat, to wear, a good school to go to and if they can get into a choice higher institution and carve a career for themselves. And as parents, that would mean[…]

If you find yourself to be short of cash every month, then most likely you have some spending leaks that you need to identify and put a plug to it. Having no money left can be very troublesome as you never know when a financial emergency might hit you. It is best to do a financial check-up every quarter to determine if you are living from paycheck to paycheck. This may help you to identify some common money mistakes and spending leaks. 1. Lifestyle choices Why are so many of us living life from one trend to another? I’ve personally[…]

I grew up in a middle-class income family. Money was certainly not something my mother would coin as easy. If there’s anything I remember about money as a child, it would be her favourite phrase – “You think money grow on trees ah??” in a typical Asian mum fashion. With two working parents, we had enough growing up. It wasn’t luxurious, but we weren’t entirely deprived either. There were enough to eat, we had a decent roof over our heads and the privilege of going to school. There were occasions where my parents gave in when I relentlessly wanted something,[…]

Overspending. Why do people still do it, if it’s so detrimental to our financial health? Could it be that temporary high, that euphoric moment and the rush of adrenaline? How many of us are familiar with these feelings whenever we purchase something? But oops, bummer. It all dies down the moment the parcel arrives. That 3rd bag goes into the closet – never seeing daylight again, and you convince yourself you’ll need it – “just in case”. Is this behaviour more common than we think? A study done in 2014 shows that we make 40-80% of our purchases on impulse,[…]

Are you thinking of getting a credit card? It’s an intimidating decision, especially if this is your first time getting one. But never let that scare you! Credit cards are a great way to kick-start a blank credit record while teaching you proper money management. Before that, however, it’s important you have a good understanding of credit cards as well as what to look for if you’re getting your first one! First and foremost, the credit card terms you NEED to be familiar with: Annual fee is how much you will be charged on a yearly basis Interest rate is[…]

How to help teenagers manage their money? When we talk about parental responsibilities, rarely do financial literacy comes into the conversation.  Teaching your kids, especially teenagers, about proper money management skills should always be a priority. We don’t want them to struggle with their finances once they reach adulthood, do we? Nor do we want them to be financially dependent on us forever. But where do you begin with such a daunting task? Start with Tracking If you were to misplace one of your belongings – your smartphone, for example – what would be the first thing you do? You[…]

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