What other ways or things do you do to save money on a daily basis? - Seedly
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Anonymous

Asked on 21 Aug 2018

What other ways or things do you do to save money on a daily basis?

I read that you do meal prep often and also find interesting ways to save up!

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HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 9. God of Wisdom
Answered on 22 Aug 2018

I use a variety of ways to do cost control monthly to daily bracket. However, the best is do side gig to increase income stream.

Cost control:

1) Have a budget plan. Save first, next is rentals and then investment. Finally on expense. This is because expense is the most flexible components that some is not necessary and able to cut.

2) Expense : on all expense , mobile may cut via sim only plan or come corporate CIS plan with subscription discount from 20% to 50% and free caller ID. Rental or housing installment depends on your commitment. Next is transport , using only bus, mrt and walk. Finally food, besides meal prep planning, we can also limit breakfast to $2, lunch: $4 and dinner:$4 to make a total of $10 per day.

Hope the above helps. Cheers :)

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Ng Lip Hong Kyith
Ng Lip Hong Kyith
Level 5. Genius
Answered on 21 Aug 2018

Wow this can be wide ranging. I will try to see what i can come up with:

Fasting. This might not reduce your expenses since you need to take in enough calories. What it does is it controls your hunger over time, it also controls your relationship with food. Over time you might find you do not need to eat so much expensive dining

Having a project out of work. This can be learning to sew, learning about how to invest, or learning about philosophy. What happens is that acquiring knowledge and being immerse in it, this requires time. You do not get bored. And because you are not bored you do not have to fill the empty void, like what a lot of people need to do.

Find ways to earn. Some of my peers are crazy to to find how to game the Grabpay, Lazada, Shopee discounts or credit card stuff. This is a project by itself and it takes time. And there is a monetary reward to it. Less idle time and you are learning to save money.

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Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 7. Grand Master
Answered on 22 Aug 2018

1) use credit cards to get cashback/points/miles for spending on items that you want/need

2) find alternatives instead of spending more for branded products

3) take public transports instead of grab

4) eat proper food and drink water

5) eat first before meeting friends for meals at expensive restaurants

6) wash clothes only when it is efficient

7) use fan instead of aircon

8) watch less tv

9) use solar charger to charge phones

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  • wash your bum instead of using TP! Cleaner and cheaper :B

  • me n my wife when we eat fast food, instead of ordering two meals we order one meal n the other burger on ala carte whichever combo is cheaper. Don’t always need to have two packs of fries and dispensed coke is just sugar water and black

Lastly, don’t just because of good deals end up spending more. Buying 3 mops because it’s buy 2 get 1 free

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Gabriel
Gabriel
Level 8. Wizard
Answered on 22 Aug 2018

Prioritise needs over wants, utilise cards for cashback when making payment (if applicable), some online purchases can use shopback

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M
Mira
Level 3. Wonderkid
Answered on 27 Feb 2020

Here are a few things that i do

  1. always always carry around a huuuge water bottle. makes me less likely to impulse buy sweet drinks.

  2. if i do plan in advance to buy a drink, eg stop by for a coffee when out with friends, bring a reusable cup! feels good, and many places nowadays have a discount of 50 cents or so.

  3. stay on the lookout for good deals - for food, 1 for 1s via burpple or sg kiasu foodies. http://t.me/kiasufoodies & https://www.burpple.com/beyond.

for credit cards, singsaver, or just find by browsing seedly forum. there's one good one now actually https://singsaver.link/citi-cbplus

  1. donating old clothes is one way to pass them on, but if you happen to have new/good condition pieces that maybe just don't fit anymore, consider selling them to thrift stores or second hand online markets such as REFASH https://www.refash.sg/faq/selling, fashion pulpit https://www.thefashionpulpit.com/ OR instead of selling your old clothes, buy from these, you tend to find more unique pieces than mainstream retailers and at better prices.

  2. use cashback cards!! as mentioned above there can also be sickk welcome offers sometimes, which you can dump straight into your savings

  3. invest in good quality household stuff. from experience (aka my parents generation), opting for the slightly more expensive options will probably save you money in the long run if you plan your purchases right. the good stuff lasts forever!​​​

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Geraldo L.
Geraldo L.
Level 7. Grand Master
Answered on 27 Feb 2020

If you're eating out, look at food app like Chope / ShopbackGo / Eatigo for discounts. You might be able to get a decent % discount off your final bill or even get 1-for-1 deals.

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Pay yourself first. Everyday.

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Andy Sim
Andy Sim, HR Professional at a Financial Institution
Level 7. Grand Master
Answered on 27 Feb 2020

Make your own breakfast and lunch, reduce movie watching (netflix may be cheaper in the long run?), walk or take public transport, reduce bubbletea, do bodyweight exercises instead of gg to the gym

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MT2020
MT2020
Level 7. Grand Master
Answered on 27 Feb 2020

Bring plain water wherever you go to save money on buying sweet drinks.

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Isabella Jo
Isabella Jo
Level 5. Genius
Answered on 23 Aug 2018

For me, I will think through before I buy high cost item (above S$100). If after months and the desire to get it is still there, even after weighing pros and cons, I will then get it. I feel impulse buying makes you spend unnecessarily and doesn't give you chance to compare prices to get best deal for yourself.

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Dawn Fiona
Dawn Fiona
Level 7. Grand Master
Answered on 21 Aug 2018

Kyith, you gotta get on the cashback credit cards bandwagon!!!!

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