What is your secret to saving money? - Seedly
Seedly logo
Seedly logo
 

Savings

General

Anonymous

Asked on 21 Sep 2018

What is your secret to saving money?

0 comments

14 answers

Answer Now

Answers (14)

Sort By

Junus Eu
Junus Eu
Level 9. God of Wisdom
Answered on 25 Nov 2019

For extreme saving, cut out everything except for bare essentials. Even for food, sometimes seeing the deals on Fave (or current Shopback 1 for 1) could get your food at similar prices to food courts!

IMO, food courts aren't really that cheap these days.

0 comments

👍 1
LK
Lee Kong Heng, Biotechnologist at RSTO Pte Ltd
Level 4. Prodigy
Answered on 24 Nov 2019

The fun version...

  1. Semi-hikikomori... No need to catch, but get me out if you can.

  2. Semi... Scrooge McDuck, and no YOLO.

  3. Single.

  4. No children... but my parent.

  5. Too many encouragement by married male friends to remain single... WTH!?!

  6. No BTO/Condo... but i got a REIT!

  7. No car... but BUS and MRT that works - FTW!

Earnest version:

Passion for saving, investing money and living within ones means. Simple and uncomplicated lifestyle.

0 comments

👍 0
Cassandra
Cassandra
Level 4. Prodigy
Answered on 24 Nov 2019
  1. differentiate things you want to buy as a NEED or a WANT. Buy those that you need.

  2. track your expenses by reading your bank statements

  3. limit the use of cash, having cash in your pocket will make you want to spend them

  4. leverage on cash back apps

0 comments

👍 0

I can tell you to note down your expenses; pay yourself first blah blah but honestly for me it doesn't always works. Like I can tell you frankly right now I'm supposed to note my daily expenses into my mondly app but I didn't.. yet I still manage to save money based on my plan.

Because I keep scaring the shit outta myself.

By scaring myself into thinking "shit, I wouldn't have enough to pay for xxx" and thinking of the unthinkable.. it makes me rethink of my buys. I still indulges but for bigger items.. I think long and hard. Example: I thought of purchasing a $120 backpack for myself few months back. After thinking through for 3 months; I still wanted to get it. In the end I scared myself and googled for something on taobao; managed to get it at 1/3 the price and happy with the purchases now.

Find the intrinsic value that drives you to your goal first; then the tiny steps of actionable items to get there.

0 comments

👍 0
Jay Liu
Jay Liu, Sleepyhead at Land of Dreams
Level 7. Grand Master
Updated on 07 Jun 2019

Adopt a '3 day rule' habit to avoid impulse buying. Give yourself 3 days to think whether to purchase the product. Normally for me, the 2nd day I'll forget about it and remembered it weeks after. Then I give myself a 3 day rule again. And if it's determined as I really need it, I'll get it.

2 comments

👍 0
Question Poster

27 Sep 2018

Ahhh but sometimes it's hard because it could be on sales! And the sales could be just 1 day haha
Jay Liu
Jay Liu

28 Sep 2018

Yea.. That we can't control.
Ablah Kethu
Ablah Kethu
Level 3. Wonderkid
Answered on 24 Sep 2018

If i have to answer this question then i definitely say that i got with empty pocket because there are experiences to me that filling pocket empties it so factly which i don't want to experience further this is why i start travelling with cards and because of that a sort of hold on usage kelp for sometimes but as you know the recent times started keeping the card's usage everywhere and the online apps which again got back my status of spendings back but i really don't bother about much as i know there is no other way on saving from taking out but yes, the places where i have to save i definitely do. If i purchase or i order & book, i make sure that i make use of the possible coupons that can get the biggest discount on bookings for to help the best on everytime orders or usage of anything that i get. In this whole process, i found those coupon websites like Rezeem.com helped me a lot.

0 comments

👍 0

Get people to spend on you. =P

It can be done.

If you can't, then you need to harness good habit

1) dun smoke

2) dun drink beer or wine unless is free

3) automate ur salary to be saved in a saving account with the save first then spend mentality

4) increase ur income from side job and save that income

5) make your money work hard for u by generating yield that can cover ur expenses with interest or Dividend per annum.

6) Spend only when there are value and discount tt gives u benefits like cash rebate or shopback.

Hope my reply helps.

If you feel this reply have Quality, please upvote and check other Quality Reply.

https://seedly.sg/profile/a-kenichi-xi

Thank you.

0 comments

👍 0
Jason Sin
Jason Sin
Level 8. Wizard
Answered on 23 Sep 2018

Pay yourself first. Spend only on needs, not wants.

0 comments

👍 0
HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 9. God of Wisdom
Answered on 23 Sep 2018

Besides the usual of :

1) Do a budget and

2) Pay youself first (savings)

Go find a side gig to do, an extra incomes booths a whole lot more than having to work with limited income and budget. TIll then, savings will be greaterl increase.

0 comments

👍 0
Choon Yuan Chan
Choon Yuan Chan
Level 9. God of Wisdom
Answered on 23 Sep 2018

Remembering that for every dollar i spent, it could have been used to invest for a compounded returns of 5% annually. It makes me very careful with what i spend

0 comments

👍 0
Nicholas Chan
Nicholas Chan
Level 6. Master
Answered on 22 Sep 2018

Don't browse online shopping sites. But when u have an item u know u need, look for the best offer online.

0 comments

👍 0
Yong Kah Hwee
Yong Kah Hwee
Level 8. Wizard
Answered on 21 Sep 2018
  1. Not buying drinks during mealtimes. You save money and you save your health (from sugar).

  2. Key in your expenses in an expense tracker. At the end of the month, do a review and see where you can cut your expenses.

  3. Suggest cheaper places when meeting friends.

  4. set a budget for each day.

upvote if i helped! :)

0 comments

👍 0
Gabriel
Gabriel
Level 8. Wizard
Answered on 21 Sep 2018

POSB SAYE makes me save money, online shopping with the use of Shopback (if applicable) helps me to save money

0 comments

👍 0
Adrian Goh Jun Wei
Adrian Goh Jun Wei, Product at Nodeflair
Level 5. Genius
Answered on 21 Sep 2018

I carry less cash with me so that I can trick myself into thinking I don't have money!

Some what inconvenient sometimes + it is becoming less effective with the implementation of cashless payment :(

Online wise, I will always use Shopback as much as possible (yes, I once used it to earn $0.07 cashback for a Lazada purchase...)

0 comments

👍 0