get an agent

Buy with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Browse New Launch Condos

Find new units for sale

Browse Resale Listings

Connect with sellers through our app

RESOURCES

Calculate Buyer’s Stamp Duty

Find the amount payable when buying

Affordability Calculator

Find the amount payable when buying

How to Buy an HDB

A step-by-step guide to buying HDB

How to Buy a Private Property

A step-by-step guide to buying condo/landed

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Post a Listing for Free

Connect with buyers through our app

RESOURCES

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell my HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

HOME E-VALUATION

For tenants

Rent with an Agent

Dedicated experts at your service

RESOURCES

How to Rent an HDB

A step-by-step guide to renting HDB

How to Rent a Private Property

A step-by-step guide to selling condo/landed

For landlords

Lease with an Agent

Dedicated experts at your service

Lease Documentation

Leave the paperwork to us

RESOURCES

How to Lease an HDB

A step-by-step guide to renting HDB

How to Lease a Private Property

A step-by-step guide to selling condo/landed

Do it yourself

ARTICLE CATEGORIES

HDB

All things about public housing

Private Property

All things about private property

Home Improvement

Guides for must-know reno tips

Financing

All about mortgage solutions

Towns

Singapore townships in focus

Client Stories

Success stories from customers

Founders’ Message

From the desks of Rhonda & Race Wong

Share on facebook
Share on twitter
Share on email
Share on whatsapp

6 Tips on How To Save Money in 2021

Ohmyhome

Ohmyhome

Share on facebook
Share on email
Share on whatsapp

Now that Singapore has eased into Phase 3 of re-opening, more and more employees are going back to their offices for work. Though such progress should be celebrated, there’s no denying that it poses new challenges. And in the face of economic uncertainty, how do you develop better spending habits?

There’s no better time to consider these back-to-work money-saving tips to start the new year right.

1. Bring your own lunch

6-tips-how-save-money-2021

Eating out in Singapore can be costly. If you’re in the habit of cooking at home (Circuit Breaker chef anyone?), or constantly have leftovers, why not pack your own lunch to the office? This can result in cost savings, especially if you work at the CBD.

Plus, you get to skip the insane lunch queues and enjoy your food in the comfort of your air-conditioned office!

2. Switch to kopi instead of your usual cafe brew

It’s time to wake up and smell the coffee. Ever thought of how much your daily caffeine habit is costing you? If the thought of starting your day without coffee is anxiety-inducing, curb your spending habits by switching to kopi from your local coffee shop instead of that fancy cafe’s barista brew.

Here’s how much you can save by switching:

Type of Coffee Average Cost per Cup Cost per Month (30 Cups) Cost per Year (360 Cups)
Kopi from the coffee shop $1.50 $45 $540
Latte from a nearby coffee shop $5.50 $165 $1,980
Savings $4 $120 $1,440

In a year, you get to save a whopping $1,440 just by changing your cup of joe.

3. Follow Telegram channels for the best deals

Want the best deals but are too lazy to search for them? Subscribe to some Telegram channels, such as KiasuFoodies or SG Food Deals to stay abreast of dining promotions and deals across the island.

You can also get handy personal finance tips on Telegram by following Planner Bee!

4. Make use of e-wallets

6-tips-how-save-money-2021

Stay safe and reduce the risk of viral transmissions by handling cash, with cashless payments increasingly gaining adoption by restaurants and hawker stalls alike. Depending on your choice of e-wallet, you may even manage to snag some savings!

For instance, Google Pay allows you to pay merchants in-store and order ahead at your favourite restaurants, even offering cashback for a limited period. Other apps such as Fave offer good beauty, retail, dining deals and more – purchasing a deal often comes with rebates to your FavePay wallet, which you can then use for your next meal. Super handy!

5. Keep a lookout for one-for-one deals

Hone your bargain-hunting skills and be on the lookout for dining deals so you can indulge at a steal. Some credit cards, such as the HSBC Advance Credit Card lets you enjoy perks on top of your purchases. This one also comes with a complimentary Entertainer app with a myriad of dining, entertainment, leisure and wellness offers.

If you own a MasterCard, you can also trawl through the OneDinesFree site for the best 1-for-1 dining deals.

To stay in the loop for good deals, sign up for mailing lists from your favourite merchants so you never miss one.

6. Save on delivery services

Constantly ordering delivery? Try getting a colleague onboard your delivery subscription plan and share the costs! Paying a flat delivery fee makes saving a little easier, with options like Grab and Deliveroo Plus to choose from.

Other e-commerce platforms such as Shopee also offer discounted prices on foodpanda, Grabfood or Deliveroo in different denominations. For example, if you’re making an order of $10 on foodpanda, why not put in a little extra effort by purchasing a $10 foodpanda voucher on Shopee at $8.80? That would have saved you $1.20 – which you can use for your next kopi.

Fun fact: Did you know that all it takes is $27.40 in miscellaneous spending every day to blow $10,000 in a year? Every expenditure you make may seem insignificant, but amounts to a hefty sum.

Invest your savings in real estate

Looking for properties to invest in? Find the best new launches in Singapore! And let Ohmyhome Super Agents take care of the whole property transaction process for you.

This article was originally published on Planner Bee, your handy financial planning app! Learn more about managing your money, investments and insurance on Planner Bee’s blog.

Subscribe Now

Get a notification every time we upload a new blog post.

Featured Blogs

Highlighting unique property views for every Singaporean

get an agent

Buy with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

Do it yourself

Browse New Launch Condos

Find new units for sale

Browse Resale Properties

Download the app and speak directly to sellers

RESOURCES

Affordability Calculator

Calculate required tax for selling

Calculate Buyer’s Stamp Duty

Find the amount payable when buying

How to Buy an HDB

A step-by-step guide to buying HDB

How to Buy a Private Property

A step-by-step guide to buying condo/landed

bUY OVERSEAS

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Post a Listing for Free

Download the app and connect with buyers

RESOURCES

Free Home E-Valuation

Know the value of your property in seconds!

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell an HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

get an agent

Rent with an Agent

Dedicated experts at your service

do it yourself

Browse Rental Listings

Download the app and connect with landlords

RESOURCES

How to Rent an HDB

A step-by-step guide to renting HDB

How to Rent a Private Property

A step-by-step guide to renting condo/landed

get an agent

Lease with an Agent

Dedicated experts at your service

Lease Documentation

Leave the paperwork to us

do it yourself

Post a Listing for Free

Download the app and connect with tenants

RESOURCES

How to Lease my HDB

A step-by-step guide to renting out an HDB

How to Lease my Private Property

A step-by-step guide to renting out condo/landed

FEATURED ARTICLES

Ohmyhome Raises US$5M in Series A+ Funding

Ohmyhome, the leading Property 
One-Stop Shop Platform

ARTICLE CATEGORIES

HDB

All things about public housing

Private Property

All things about private property

Home Improvement

Guides for must-know reno tips

Financing

All about mortgage solutions

Towns

Singapore townships in focus

Client Stories

Success stories from customers

Founders’ Message

From the desks of Rhonda & Race Wong

Social media

Other