Asked by Anonymous
Asked on 23 Oct 2018
The kinds where you don't feel it at first, but over time can be a surprising amount
I don't buy drinks during meals!
1) breakfast bread or oat or hawker with budget within $2, change around so don't get bored.
2) Never order drinks during lunch, drink it after back to office. One day $1.3 to 1.6 x 20 = $36/month
3) Bring own water bottle save for outings , so cover weekend at least 2 meals water consumption, save at least $7 to $10 x 8 = $56 per month.
4) No grab / taxi just walk bus / mrt. Save at least $20 x 4 weekends x 2 days = $160 per month or more. Always go home before midnight save on Night owl/rider.
Even if you just do 2 and 3 water alone would have save $92 a month. Enough to pay Telco and broadband bill or top up $8 enough to do STI ETF DCA monthly investment !
My sis shared with the $5 Saving Challenge. Started since beginning of the year and I saved quite a few hundreds already.
Other habits can be:
Cut down on drinks outside. If I have have craving for sugar drinks, go to nearest convenient store/supermart to get drinks below $2 instead of bubble tea/drinks from foodcourt;
Bring water bottle to work/outside - in case on the way thirsty can drink plain water, before go home top up water from office water dispenser, plain water is healthier also.
Drink own atas instant coffee (50cents/stick) instead of buying it from store ($1.80/cup)
When come to food choice, usually I scanned all food $5 & below first, if don't have food I like then I will look at more expensive food.
My grandma cooks breakfast for me to bring to work! So if I eat that for lunch and go home for dinner I won't be spending any money on food at all :)
For family outings to places like the zoo or bore parks, bring your own water bottles instead of buying the sugared drinks there. If you like to drink flavored drinks, can always make your own drink at home to bring along. I like to being yuzu tea along to cool myself on a hot day. Also, consider to prepare food instead of eating at the restaurants inn the zoo. No queues and just treat it as a picnic. Kill two birds with one stone.:)
My brother who is studying at NUS stays in hall and I use his ezlink card to go to work so that I can get train concession at only $45/mth!
Drinks in single-use disposable cups. Definitely not spending on bubble tea/designer coffee/whatever other fancy drinks readily available in single-use plastic cups. For that reason, I always make sure to bring my water bottle wherever I go. It also helps me cut down on my use of single-use plastics, and also calories ;)
Intermittent Fasting. This is probably controversial, but I don't eat breakfast and haven't been doing so for 3 years now. It did not start off because I wanted to save on breakfast costs though. This is part of my Intermittent Fasting experiment which I have now evolved into my lifestyle - so I definitely save money not having breakfast! I do start my day with lots of warm water, and that's pretty much it!
Cab less, walk more. I am a huge walker. I'm more of a HIIT person than a clock 10k a day person, but I still easily clock 10k a day because I will take every opportunity to walk if I can! If it's walking from Orchard to Bugis and the weather looks good, I will definitely do that. Once again, the benefits are multi-fold: not only do I get some exercise, it's good for the mind and also I save some money! I probably take cabs less than ten times a year.
(1) Cut down on buying coffee outside, especially those that cost about $5/cup at least. Try to keep myself as caffienated as possible by buying my own coffee and making sure I have at least one cup before leaving the house.
(2) Walk, walk, walk. Instead of taking a train or bus for 1-2 stops, I take a walk if I'm not in the rush.
(3) Buying generic medications in the pharmacy. Sometimes they give you "branded" versions when the generic versions works just as well and a lot cheaper.
(4) This is bad but sometimes I intentionally combined breakfast+lunch so I can save on one meal.
As an NSF, eating cookhouse food for free instead of going for canteen break where I have to pay
Prepare my own breakfast and lunch at least three times a week so that I could ensure that I am eating healthy and at the same time, save some money.
Trying to lose weight so eat less and reduce desserts. Expenses are lower since im a student and most money spend on food
Use Cash. I saw my expenses drop by 30-40% just by that.
Here is a big one. Tested and proven.
set up. Standing Instructions (SI) to stash money away after you get your salary.
it becomes automated so you will totally forget about how much you are saving up overtime.