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Are Self Employed Allowed to Apply For Personal Loan From Licensed Moneylender?

If you decide to take a personal loan, but do not know where to go to get it, always choose a licensed moneylender in Singapore. By choosing a legal money lender, you can avoid harassment, which often happens with credit sharks or unlicensed moneylenders. Often people have this misconception about licensed money lenders thinking that they are affiliated with those illegal lenders also known as Loan Sharks. Licensed money lenders in Singapore are authorised by the government and they adhere to strict laws or be subject to significant fines or terminate their licenses. (Read up on: Are there still Reliable Money Lenders in Singapore?)

Licensed moneylenders have restrictions imposed on them when charging interest on personal loans. This means that you can be sure that you are not being deceived to pay ridiculously high-interest rates, and your loan will be more manageable for repayment. A personal loan is also called an unsecured loan. These loans are often used by borrowers for small purchases or unforeseen expenses that help borrowers with their financing. The moneylenders do not allow you to advertise or even send
you any text messages of any kind to advertise or try to take a personal loan unlike loan sharks. These loan sharks do not have a physical office that is why they are doing all these by sending text messages. If these illegal moneylenders violate the personal act of DNC and you can and must report them. These actions are in place to protect the general public from being lured into a personal loan when roaming chatter carrots if necessary.

Unexpected happens all the time, and you can urgently need cash, whether it’s a business loans with cash or when you need to urgently buy a purchase. The instant personal loan is a quick way to help you overcome. It is advisable to get an instant personal loan from money lenders who have hold authorised license.

Advantages of an instant personal loan?

This is easy. No complicated and lengthy procedures are required. All you need is a few simple steps and almost no problems. This is also almost immediately, as the name implies. This is in most cases safe, as long as the licensee issuing your loan gets a
license. If earlier you had bad credit, do not worry. Until you meet the requirements of a usurer to receive a personal loan, you can still borrow the amount of money subject to approval.

If you are using a personal loan for the first time, you should know the advantages of using it in other ways of meeting your financial needs. The licensed moneylender has a license to open a business, provides a minimum interest rate, and the entire application process is impossible. The documentation process is quick, and only original documents are required. The
payment is well planned with an expert considering the possibility of repaying the customer. Thus, when there are so many advantages associated with a professional personal loan.

 

 

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Money Misapprehension Singaporeans Have

There is absolutely nothing wrong about putting value on money. In fact, it is only practical that you start thinking more about your finances since this can help you achieve a more comfortable life and a secure future. By setting up your financial goals, you can begin working towards achieving it, which can give you a better shot at experiencing financial freedom earlier in life. But just because you have a particular financial objective, this does not mean not spending on anything. Of course, there are basic necessities in life that come with a price tag, and you will have to allot some money for these. At the same time, it all depends on your choices of where to source out your basic needs or some luxuries you want to reward yourself with.

The following misconceptions that Singaporeans have about money can be tough to deal with, and they can even impact your decisions in your day to day life. By debunking these myths, you can throw away those preconceived and rather faulty ideas about money, so you can attain your financial goals.

1. In Singapore, every shopping mall is so expensive

There is this concept that several people have about shopping malls in Singapore and how expensive these are. Thus, they fear the possibility of getting into serious debts because of shopping. But is this really true?

Quite honestly, it is true that shopping too frequently is never a smart and practical hobby. If you are a big spender and enjoy buying items even if you are aware of how unnecessary these are to your life, then there is no doubt that you may end up being in debt too often. Yet, if you need to buy essential items, there is no problem with doing so since there are various places in Singapore to get the best deals suitable to your budget.

There are endless opportunities for shopping aficionados that are widely available in Singapore. Various stores feature an array of good quality products at different price ranges. In fact, there are places that offer contemporary and traditional items, as well as local and foreign products. In Singapore, it is impossible not to find what you need – and it is all about searching for the place that can give you the most reasonable deals. Some people assume that shopping in this part of the world means going beyond their budget because of their choice of mall or store. If you go to Orchard Road for shopping, then it is likely for you to max out on your credit card bill. This is the place to go where you can find luxury and branded items that are in the 6-figure range at times, which is beyond the purchasing capability of the average working adult in the country.

So, the next time you need to go buy something at the store, and you feel uncertain whether you should head out or not because of your misconception about Singapore malls, then you know where to go. Flea markets and discount shops are perfect for every budget-conscious individual who just wants to save on their expenses while giving in to their desire to shop for quality products.

2. A significant amount for your emergency fund is a must

We all need to have an emergency fund – this is not even a big surprise to anyone. But some people are afraid of failing at it maybe because they aspired too high and wanted to start with a huge amount for the fund. Now that is where the problem starts since they may have high expectations when it comes to the amount of money they need to save and put into their emergency savings. Just because you have this fear, this should not stop you from wanting to set up your emergency fund. You can never tell how the future may turn out, and there are always some surprises that life throws out at us. These personal dilemmas that can significantly impact your finances include theft, illness, and unemployment. Just imagine how difficult it would be if suddenly you find yourself jobless, yet there are massive bills to pay. How can you possibly get through this problem in life?

This is why it is important to build a reasonable emergency fund that is good for a few months. Experts suggest that a reasonable amount would be 6 months worth of your income. If you have this amount saved, then you will be able to ease your worries in case unexpected situations arise in life. If you are unable to save in time, then what can you do? Alternatively, you can approach licensed money lenders in Singapore who are fully authorised by the MLAW. They offer the best payday loan that you can ever find in Singapore.

 

3. Your retirement is already well taken care of by your CPF savings

Sadly, there are some individuals who feel that they can rely on what the welfare system offers for their retirement. The CPF savings aim to help you get by in life, as long as it is within the minimum standard. But the thing is, are you really satisfied with this, or do you want to live more comfortably during your retirement years?

Unfortunately, the CPF savings will not suffice when it comes to sustaining your ideal lifestyle once you are in your retirement stage. This is merely a safety net – a basic one – that can be your cushion for supplying your essential needs such as food and shelter. But if your goal is to travel more, enjoy dining at fancy restaurants, or living in a nicer place during your old age, then you should not even consider your CPF savings as your retirement fund. This will never be sufficient for your high hopes for the future.

What you should do is to come up with a more realistic emergency fund, along with your retirement account. You have been working all your life, and the last thing you want is to maintain a status as an employee even when you are old and gray. As early as now, make better choices with your finances and consider debunking all of these misconceptions about money. Aim to be more well-informed about these things, so you can create a more favorable and more comfortable future for yourself and your loved ones.

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Smart and Swift Ways To Save Money Now

Everyone knows it necessary to spend less than we earn. And it is also important for us to save money. However, the truth is that a lot of people will spend more than the amount they can make. As a result, these people will be in debt especially your credit card bills. If you ever need some quick loans such as personal loan or payday loan, you can always approach licensed money lender in Singapore as your temporary means to solve your problems.  Even if you are now in debt, you should try to spend less if you are unable to save some money every month.

Of course, you may wonder how you can save more money. And here are some tips for you!

Cut Down On All The Unnecessary

You may consider cutting down your household expenses. One of the things you can consider is to reduce your electricity bill. You should make sure that you only use appliances which are energy efficient. Besides, you should not switch on the air conditioner when it is not needed. In fact, turning on a fan will be good enough in most cases. You will find that you can save a lot if you do not always switch the air conditioner on.

When you need to save money and don’t have much, to begin with, there are some unique shortcuts you can take to have the cash to set aside. People think that saving money is so daunting a prospect, but if you think outside the box and pay close attention to your goals, you can end up being able to save up for something big or just have more money every month. Invest in a good buzzer if you’re a guy, or you have children, and do it yourself. Get rid of cable TV. Watch movies, read or play games. There are cheap movie rentals out there and even subscriptions to get movies delivered to your door. Once you go without it for a few weeks, you shouldn’t miss it much. Consider buying less meat and getting your proteins from other sources.

Health Is Important

Along the same health lines, don’t pay for a gym membership that you aren’t even using. If you don’t have the motivation to do it at home and don’t have the motivation to get to the gym, why pay for it? Then, when you dedicate yourself to working out, you can save money by doing it at home. Decide what flicks are the best to catch on the big screen, and limit the number of movies you go to. As mentioned before, $1 movie rentals do exist.

Quit smoking! Now there’s a goal with multiple benefits. Not only are you saving money on the packs you are not buying, but you are also healthier and will save money in insurance costs. And since we are on that soapbox, cut down on your drinking of alcohol. It can get very pricey over time. If you always have something on hand, experiment with different brands to see if you can switch to a cheaper one. Have nights in. If you don’t make it habit to go out to restaurants, the theatre, or to clubs, then you can save quite a bit of money. If you stay as good as you can by eating better, getting more exercise and dropping bad habits, you will save money in health costs. Reduce your shopping trips. When you spend a day shopping, you are subject to impulse purchases and even usually buy food while you are out. You can save money by shopping with a list of the specific items you need to purchase instead of meandering the sales. If you have the type of family that can get by on one vehicle, then do so for awhile. That can save you a couple hundred per month!

Bring your lunch to work whenever you can. Say no to your magazine subscriptions; read what you can online instead.
Travel less. If you don’t travel very much anyway, plan your outings, so you get everything done in one or two trips a week instead.
Set down the latte! Have a treat now and then but most times, make your coffee. If you like the dessert kinds of coffee, buy some supplies and experiment yourself. None of this is to say that you can’t budget for a night out at the movies or a weekend vacation.

Learning to let go of things you know you can live without and cut back on the things you don’t want to live without, can save you more money than you might realize.Good luck, and get anyone you know on board with you that you can. Tell them your goal and get them on your side for support.

7 Beautiful Countries to Explore in Asia

Holidays are arriving in just two more months time and you must be thinking where should go. You wish to travel far but your saving says otherwise. There are many countries you can explore and they won’t burn a huge hole in your pocket! If you are lacking in some money and no one is there to lend some to you, fret not. You can always approach local licensed moneylender in Singapore as they offer personal loan and even payday loan that help you to get through your monthly bills. The region of South-East Asia encompasses several amazing travel destinations. Home to sophisticated cities and backpacker haunts, beautiful beaches and a rich and varied culture, the region is a treasure trove of remarkable sights and unforgettable experiences. Here are some of the 7 Unexpectedly Inexpensive Places to Travel (Asia Edition) that you can visit.

1. Bali, Indonesia

This Indonesian island of Bali is a popular hotspot for both party goers and those who are looking for a little calm and relaxation. Boasting sandy white beaches and clear blue water, Bali beaches are an ideal spot for swimming, diving, exploring and relaxing. Once you have finished exploring the seaside, you may like to embark on a hike up to Mount Batur to enjoy a stunning view. As night time approaches, Bali comes to life with bustling bars and cheap drinks. Or if you are after a quiet and calm night, have dinner at one of the many amazing restaurants in Bali and head back to your hotel for the night.

2. Siem Reap, Cambodia

If you love culture and temples, then Siem Reap in Cambodia has it all for you! With monumental temples, good street food and vibrant nightlife, Siem Reap has something for everyone. You may like to start your journey by spending a day exploring the temples in Angkor Wat. Then you may like to visit the Angkor National Museum to be educated about the findings and treasures at the temple sites. Once you have finished exploring, it’ll be time to party on pub street, with neon lights making the city shine bright. Or you may prefer to shop at the night market and pick up some detailed artwork, handicrafts, and local street food.

3. Phuket, Thailand

Phuket is an island in Thailand filled with hidden gems and picturesque beaches. Perfect for those who enjoy the sun, sand, exploring and relaxation. There are many outlooks on both the east and west coast of Phuket, offering up panoramic views of the beaches and land, even stretching all the way out to Phi Phi Island. If seeing Phi Phi Island from a distance isn’t enough, you may even like to take a day trip out there. Here you will be treated to fine sandy beaches, spectacular scenery and crystal clear water. Phuket is the ideal relaxing holiday destination.

4. Hoi An, Vietnam

Hoi An is delighted with grand architecture and waterside landscape. The town is rich with Japanese and Chinese legacy, with incredible Japanese merchant houses and Chinese temples. Becoming such a popular travel destination, Hoi An is now also home to lounge bars, hotels, travel agents, and shops. And if you want to travel a little further out of the city, you will find great bicycle and motorbike tracks to explore and enjoy the scenery.

5. Kyoto, Japan

Take a step away from the city life and succumb to the beauty of Kyoto, Japan. It won’t be hard to be mesmerized by the atmospheric streets and a strong sense of traditional Japanese culture. Kyoto encompasses everything from calm to romance and is one of the most popular places to visit in Japan. Famous for its temples, gardens, palaces and breathtaking natural landscape, Kyoto encompasses a rich Japanese culture with stunning sights and great food.

6. Petronas Towers, Malaysia

Malaysia is a wonderful country in South-East Asia that is known for its ethnic diversity. It offers visitors a wondrous fusion of Chinese, Indian and Malay cultures. This diversity is reflected in every element from the festivals to the food. No wonder then, that it Malaysia is called ‘Truly Asia.’ Kuala Lampur, the capital of the country, is one of the most visited destinations in the country. Some of the scenic attractions in the city include the famous Petronas Towers and the Kuala Lampur Bird Park. Other points of interest in the country that you can visit through your Malaysia tour package are Bukit Bintang, the Batu Caves, and the Gunung Mulu National Park.

7. Singapore

The city-state of Singapore is an amazing tourist destination. In fact, tourism is one of the main industries in the country. There are a number of fabulous attractions that you can visit here. Spend some time on the beach of the famous Sentosa Island or dine at the heritage Raffles hotel. Get a bird’s eye view of the city on the Singapore Flyer or visit the incredible Singapore game park, known for being one of the top three zoos in the world. There are also a number of fascinating museums you can visit the National Museum of Singapore, Asian Civilisations Museum, ArtScience Museum, Peranakan Museum, Mint Museum of Toys and the Red Dot Design Museum.

All In All

travel out while you are still young! Explore other countries and you may realise that you can learn so much experiences that you will never get to do so in your own country. You can always earn back your money, but you can never earn back your previous time. Head out and take a breather, then come back and continue to work harder.

Valuable Money Pet Care Tips You Should Know

From home remedies to cleaning products and visits to a veterinarian, these measures for the care of pets are added up. Even pet food costs can add to a bunch of costs. That’s why it is important to reduce the costs of caring for pets, without jeopardizing the health of your pet. Spend less with these savvy pet care saving tips to save your favorite animals. Sometimes you wish to give your animals more, more love, more goodies but you have your own liabilities. You may wish to approach licensed money lender to lighten your temporary loads and be show more appreciation for your animals.

1. SALE FOOD TICKET

Some owners overfeed their pets, which leads to a condition called obesity. But feeding less can improve your pet’s health and save you money. Check with your veterinarian for how much food you need. To save more, you can buy pet food wholesale.

2. STOMATOLOGICAL ASSISTANCE IS LESS

Gingivitis can damage your pet’s kidney and your finances, as it requires expensive treatment and professional cleaning. To prevent this, regularly take dental care at home. Wrap a significant amount of gauze on your finger and draw your pet’s teeth.

3. EXPANSION OF EXPENDITURES OF DRUGS

The best way to reduce the cost of medicines is to prevent disease. Consult your veterinarian about the vaccination that your pet needs, for example against the Feline Panleukopenia virus. Vaccination is really cheaper than treating your pet’s illness. If your pet is already sick, ask the professional if the general brand of medicines works, as well as the brand one. Generic brands are cheaper than branded brands, but they can also give the same effect. And if your pet needs a drug that we take, for example, antibiotics, compare several pharmacies to get the best price.

4. PREVENTION OF ACCIDENTS

Keep poisonous, sharp and dangerous objects out of your pet’s reach. For example, acetaminophen, household cleaners and liquid potpourri can cause accidents. Yarn can get stuck inside the intestines of the pussy and cost you more than a thousand dollars for the operation. Keeping the life of a pet affected by a car or poisoned is expensive – and these tragedies can often be prevented. Keeping cats indoors will prevent injuries and protect them from diseases; Strong fence and using a leash will do the same for dogs. Medicines – both over-the-counter and prescription – are the main risks of poisoning; Keep them behind the doors of the cupboard and make sure that the guests at home are doing the same.

5. Work with your veterinarian

Take your pet at least once a year, ideally twice, for exams: these “well-loved” visits can often reveal problems before they become more expensive to treat. When it comes to recipes, ask your veterinarian to compare prices or take a script at a local or reputable online pharmacy, including veterinarians. You can also save by asking for higher doses and getting a splitter for the pill. Finally, do not forget to ask about discounts or promotions: many veterinarians offer a special break for the elderly.

6. Keep your pet healthy

Most dogs and cats are overweight, and extra pounds increase the likelihood of serious health problems, such as arthritis, diabetes and cancer. If your pet is a normal weight – you should feel the ribs – to measure food, keeping the methods of treatment to a minimum and regularly exercising, keep it that way. Keep your pet in a bath and brush, and your house clean to prevent allergies, which sends many pets to the veterinarian.

7. Consider the insurance

A good policy can protect you from having to decide whether to put your pet when you can not afford to care. Since pet insurance plans vary widely – some of them cover preventative routine care, others have lower premiums due to a high franchise – conduct your research and read the small print to make sure that your pet’s most likely health problems are covered.

8. The store is smarter

Shopping is fun, but your dog does not really need this designer collar. When it comes to toys, cut them back, but not chewing toys saved a lot of shoes. You can save by buying the biggest bags of food or garbage or get discounts on the banks. Divide the purchases of dry foods with your family or friend and keep your portion in an airtight container. Keep information about the product, such as the batch number from the bag, in case of questions or problems.

9. Do it yourself

Handle the main care at home, from bathing to nails. If nothing else, you can stretch the time between professional grooming for pets with high-volume coats, such as poodles. Look online for guidance on care and look at YouTube.com for actual demonstrations. Another strategy of self-accumulation is to clean the teeth of your pet. This will extend the time between cleansings from your veterinarian, while preserving the health of your pet.

10. Share services

Trade services or barter for goods and services. Remember that barter can be flexible: you can save as much money if you can provide one type of service (for example, tax preparation) for another (for example, sitting on a pet or dog).
With these simple strategies your pet will never want for better care – and you can take it to the bank along with your savings.

Inexcusable Reasons Why You Keep Breaking Your Budget

As much as most of us want to believe that money isn’t everything, we need money to pay for almost everything we need in life. The rent, electricity, water, food and almost everything a person or a family needs to survive, all depend on the amount of money they can earn. And budgeting around your income your lifestyle isn’t as easy as it sounds. Doing the simple calculation on paper; summing up the cost of bills and expenses, and subtracting this from the monthly income we earn, is easy. It’s the simplest way of knowing how much you have to spare to spend. But actually committing to this simple calculation is the difficult part. With the ease of using debit and credit cards as an alternative to cash, it has made keeping track of the money we spend extremely difficult. And with the continuously growing consumer culture in the country, there’s no surprise that a lot of people are finding themselves struggling to stick to a budget. However, we got to admit that at times we might blow out of our budget and need some fast cash to pay for our credit card bills. Applying with online licensed moneylender Singapore made things fast and hassle free to solve your temporary problem. The truth of the matter is, there are so many shameful reasons why you keep breaking your budget. It’s always best to avoid all the common mistakes we make that may be hindering our chances to earn and save money for our future.

1. Lack of planning

The most common mistakes people make is failing to produce a financial plan. To be able to stick to a budget, you need to first confirm what you spend every month. You need to break down the bills you need to pay for. This includes the amount of money you spend on groceries and utilities. By confirming both what you are paying for and when you need to pay for this, you can already make a simple plan that will compare when you receive your salary, and what money you will spend to sustain everyday life. With the proper planning, you can determine the average amount you need to spend, to guarantee that you do not spend beyond this.

2. Spending more than you can afford

The availability of using credit cards and debit cards to pay for everything makes spending so much easier. You do not have a physical representation of the amount of money you spend, therefore it’s easy to lose track when you are spending too much. Just because you have money in your savings, and credit to spare, doesn’t mean you can actually afford what you buy. It’s important to limit yourself to spending only what you can afford. Making a plan can solve this, and knowing how much money you have to spare each month. If you really want to buy or spend on something that is more expensive than your spare cash, it’s always a good idea to plan ahead and save a certain amount of money every time you get your salary, that will eventually add up to the amount you want to spend. It’s hard to determine when you are overspending, so it’s important to just avoid the entire situation by planning ahead.

3. You are unaware of your obligations

Another big mistake people make that dims their chances of sticking to their budget, is by being oblivious to the obligations they have to pay for. Again this all boils down to financial planning. You have to know what you need to pay for when you need to pay for it, to guarantee that you have the right amount of cash at the time it is due. Being aware of the obligations you have to pay for will help you keep track of your budget every month.

4. You do not pay attention to the economy in your country

The economy of your entire country may not seem like something that severely affects you, but it definitely does. In fact, it affects every person that is living, working, and even just visiting the country. The changes in the economy affect the prices of different consumer products. A small increase in food prices, electricity and water prices, taxes, rent, transportation costs and everything else that you have to pay for, may not seem too big of a change on each individual receipt, but the overall sum of money you need to spend changes significantly. Knowing when there are changes in the economy will help you prepare to either spend more or if you’re lucky when you’ll be spending less. This can help you stick to your budget.

Don’t fall victim to the many shameful reasons why you keep breaking your budget. It’s always better to be smart and organized with your money, then finding yourself in a pit of debt every month, surprised that you actually spent more than you could afford.

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4 Useful and Money-Saving Travel Tips for Adventures

There are so many people who love to travel. But then due to the busy schedules that most of us have, planning a proper trip has become a rare event. Planning a trip means exploring the place, deciding on the budget, number of days required for the same, the places that are to be covered, the activities that need to be done etc. So in a nutshell a lot of homework plus a lot of calculations too. People also have difficulty prioritizing about what to spend on and where to save money. Here are 4 useful and money-saving travel trips for memorable adventures.

1) Be Mindful Of The Expenses And Prioritize Them Carefully

When we travel to a particular place, it is mostly because something about the place attracts us. For example some places are known for sky diving, while others are known for scuba diving. These are activities that would etch a mark in one’s life, if it can be experienced. So instead of spending a good amount of money on the accommodation, one should spend on such activities. By doing a little bit of research online and with some travel agents, one can get a proper idea about the rates of guest houses or hotels and then accordingly book one (definitely the location needs to be kept in mind). Nowadays, there are rented homes available in many tourist places that are offered by people out there. Staying at one of these homes would give a localite feeling and one can actually visit places that a traveler would never have as a part of their best packages too!

2) Blending With The Local Culture

One should try and become a part of the local culture of the place. This would help to make way for a lot of interesting conversations, which in turn would help to gather a bunch of interesting knowledge about the place, the main form of their livelihood, the history of the place, the local cuisine etc. Trying the local cuisine, the street foods is key too! Some of them might be really tasty, you never know; while there might be some that are not so good. Nevertheless, it all becomes a part of the memorable experience and adventure. However, one should also beware of having a not-an-upset-stomach, as otherwise it would affect adversely.

3) Use Local Transport

Most people prefer to have there own private vehicle even when they are on a trip. Or others prefer to travel from one place to another in a taxi. Definitely these are comfortable modes of conveyance, however they are pretty expensive too. Instead using the local transport is a much better idea. There are places that might have there own special mode of public transport, that isn’t available in any other part of the world. Some places have excellent local train service, while others are well connected through a bus or a toy train. Making the most of these transport facilities is key as it not only saves money, but also helps the people to have a proper look around the place. There would be many small tourist attractions that are generally not mentioned while one travels using a guide. But using the local transport would actually help in exploring the place better.

4) Talk To The Travelers

Talk to the travelers around. Lets say firstly you are taking a flight to a place, talk to the people at the airport or at the airplane and find out if there is someone who has the same plan as you. This might end up into a new friendship or may be just information about the place or people that you are travelling to. Talking to the localites is key. Then while on the go, let’s say you are in a bus, start off a conversation with a passenger. Or may be you are in a long queue to enter a museum, talk to the people around. Not only would you come across so many different kind of personalities, but also a lot more information about the place and other important attractions that you never knew existed.

Everyone Deserves A Break

Everyone wishes to go travelling, who doesn’t? At times many are financial bounded and do not have too much cash in hand. If you ever need a temporary help, you can always approach licensed money lender to get opt for personal loans. Get out of the country to recharge and work harder when you get back! Everyone needs to reward themselves.

Also, if these hints and tips can be diligently followed, I am pretty confident one would have a perfect pocket friendly memorable and an adventurous trip! Have a safe one!

8 Earth Friendly Ways To Save Money On Utility Bill

Your current state of financial health and security depends on how much you have regarding savings. So, how to save money better? Are you one of those people who had only a fixed monthly income? No savings? Then you probably are at risk of running into emergencies where you would need instant cash! Sometimes, it may not be in the form of an emergency, but an investment. If your friend wants to start a business with you, do you think you can go without share capital? Or if there is a nice apartment for sale which is something you had always wanted; Alas, most probably you would have to let it slip away through your fingertips. Everyone needs a good reserve in the bank to live comfortably and make smart choices whenever the need shall arise. Timing is critical, and with plenty of healthy reserves, you do not lose out on the excellent opportunity. So how are we going to handle our money better? One short, simple answer, always choose better options and make the right decisions.

Make better decisions, and you are on your way to success. See, it is not about self-prohibition at buying stuff that you like. It is about being smart and making better-informed decisions. Gain some awareness of what others are offering. Think before you buy! Do not just act on impulse.The decision depends on how you are going to value the purchase and of course your personal preference. But indeed the key is to make better choices and consider first quality against quantity. This way, you could save up more when you spend in a smarter more efficient manner.

If you are not controlling your expenses the way you control your diet, then you might have to consider a way to start. Make a shortlist and write down the list of things that you must get by the first in the upcoming month. Place all your wants on the next list and then simply do a little calculation to balance off your real needs against your debit account. Lucky you if you do not run short, now go to your list of wants and start checking one or two that you think are most desirable. What you do next is to decide upon the sum that you ought to put away as savings against acquiring the several most important wants. Practice some self-control or tell yourself more often than you do not need more than you already have. Use a frugal mindset.

Here are 8 Earth Friendly Ways To Save Money On Utility Bills

1. Unplug 
You needn’t bother with a Ph.D. to realize that unplugging your links and hardware when not being used can enable you to spare vitality and diminish your bills. Regardless of the possibility that you kill the switches, machines will keep on using energy if they are connected to.

2. Keep it cool 
Icy running water utilizes a lower measure of vitality than warmed ones. In this way, use cold water when washing your garments and dishes or while doing different undertakings.

3. Pick Wisely
If you are purchasing another apparatus, ensure that it is a vitality productive model. Littler machines enable you to spare more on space as well as. Settle on a little microwave than a stove and little lights than the overhead lights.

4. Refrain yourself from opening the fridge unnecessarily  
Guarantee that you comprehend what you should get before opening the icebox’s entryway/s. Over and again opening and shutting the entryway/s will just motivation frosty air to escape and for the apparatus to work more than it should.

5. Pull down the blinds 
Amid summer and hot days, put down the blinds to keep additional warmth from coming in and keep your aeration and cooling system from running more on vitality. Do the inverse amid the icy climate to keep your home usually warm.

6. Paint the roof in white 
In Color Psychology, white symbolizes fresh starts while in Business, it symbolizes proficiency. By only painting your rooftop white, discoveries recommend that it can cause a 40% drop in the vitality utilization. It likewise chills off the entire house.

7. Cover up the pots 
Cover your pots when bubbling because on the off chance that you abandon it open, the bubbling time frame might be longer and in this way requires more vitality.

8. Always double your bills
Twofold check your charging add up to guarantee that you are paying precisely. Do this by reviewing the full bill utilization and contrasting it with your meter.

All in all, every one should play a part in saving the Earth and you get to save money in return! We need to start saving up for “rainy days’ and if you are in need of cash loan, you can always consider taking up instant personal loan from moneylender to get through this short period.

Signs of Debt Crisis

There is a moment – as the full realization of debt out of control hits – when, at least metaphorically, the knees buckle, the head swims, and the urge for flight swells to an almost irresistible force.

This is the ‘Moment of Panic.’ More exactly this is the start of a very long moment of panic. And for quite a while it will return in short bursts. And there is every reason to have such a Moment and such moments. For you have no idea what lies before you, and no idea what mess you are in. You have, after all, never been there before, and probably don’t know anyone else who has either.

I say the Moment! Savor it, milk it, stroke yourself with it! Soon enough you are going to come to your full shaken senses. Then you will have to handle matters coolly, calmly and thoughtfully.

While in The Moment:

  1. Make no decisions
  2. Sign no papers; and
  3. Don’t try to make reason of anything.

To do any of certain, you must be as bright and as objective as you can manage. During your Moment you are not going to be that.

The panic is fed, of the route, the reason of the whole world falling on your head, of fingers pointing at you in the street and of being cast from your home to ramble the streets begging crusts from strangers.

Or maybe even of being thrown in prison and breaking rocks in some cold and hostile place.

Well in England and Wales at least this last is not going to happen. There are only two situations involving debt that can lead to prison here. One is where rates are involved, and unless you are withholding rates on principle, it is unlikely that this will happen since there are probably other problems that can be addressed.

The other is where you have committed fraud, and if you have done that you are not going to be reading this article. Having bad luck, being silly or being ill is not fraud. Losing your job is not fraud, suffering the effects of inflation is not fraud. Being old is not fraud. And having a mental disorder is not fraud.

You are not in a debt crisis because you chose to be. Something has happened since you took on the loan, and – in England and Wales at least – your creditor is expected to take that into account and negotiate a solution.

There is a structure of priorities which places those things you need to live as priorities and most loans as non-priority. But there are some difficulties where you own assets, especially a house, which requires a lot of thought about how to go forward.

Since it is a priority to have accommodation and mortgage or rent are priority debts, it makes no sense for mortgage lenders to repossess in many circumstances, and that is very much so in a weakening house market. For, unfortunately, while you possess the house, the mortgage is a separate debt secured on the house. Repossession of the house does not clear the debt, and the money received from selling the house may be far less than the mortgage figure.

If the lender places you in a position of having less money available he is cutting off his nose to spite his face. For you to stay in that property paying rent and looking after the property makes more sense, especially if it is by reviving the mortgage when things pick up again. An idea worth exploring at least, if it is needed.

BP bonds have now fallen in cost significantly following the leak in the Gulf of Mexico. The downturn is giving a sign that BP will soon default on its debts according to many analysts. Although shares are beginning to show signs of recovery the bonds are still falling steadily.

Rating agencies are now threatening to cut BP’s credit rating and even threatening more downgrades as they wait to see what the full extent of the spill in the Gulf of Mexico will mean for the company.

Many of BP’s investors are restricted from owning lower grade bonds and therefore if BP suffers any more cuts the investors could be forced to sell their shares.

BP revealed last week that it had cut a faulty pipe from the leaking source which will hopefully make a big difference to the spill.

Even though recent happenings have shown a lot of negativity surrounding BP, it is clear that the company still has a good investment grade credit rating. The current AA rating was described as being ‘a very strong rating,’ by BP spokesman Mark Salt this week.

BP owes £14bn in total debts, whereas stock markets currently value the company at £84bn which means its debt levels are very low currently.

Investors in the shares such as many UK pension funds now fear that BP will cut their dividend as a result. The next dividend meeting is set for July 27th, which means a wait for many.

Lots of room for negotiation – once you are over The Moment of Panic. Similarly with other debts whether secured or unsecured. In all cases what makes sense can usually be agreed.

Though sometimes you have to argue your corner pretty strenuously. And if all these possibilities are at the back of your mind in Your ‘Moment of Panic’ you will be less likely to rush to decision or signature. For that period keep out of the water, there were many sharks.

How to Manage Your Emergency Funds

How much should I have in my Piggy Bank?

Human life is full of unexpected events. You never know when your car can just break down, water heater replacement, roof repair or an injury come on your way. In those occasions you are in look out of ready cash to cover you up. That’s why we all want to save for that rainy day and recently it has been seen that many Singaporeans have developed this practice of saving.

With more options and individual commitments there is a lot to explore the concept of emergency fund. It is usually defined as three to six months of income which is left untouched and should be kept at easy reach to access in emergencies.

Most of the time emergency fund is kept in simple savings account, as a fixed deposit will not let you liquidate the cash before a certain time line. Though its always best to consult your financial advisor.

How do I get started ?

Planning your emergency fund requires lot of attention, discipline and analysis. Set goals or targets that are achievable and be genuine as there isn’t going to be any reward unlike other financial goals like making a down payment for your car.

But the best part about the emergency fund is – once you reach the goal, you don’t have to invest or set aside more money into it unless there are life changing events which account for additional members to be accounted such as new born.

Savings for beginners can be done with following guidelines:

1. Priority to savings just after monthly expenses and debt payments

If you are already loaded with debt that’s your priority and your day to day expenses like food, transport, loan payments, education fees are all to be paid before you take the chunk out for savings. You can either set aside all the money left after covering all your expenses or set a percentage every month. There isn’t an exact answer or figure to quote for savings. Bottom line your emergency fund should be an amount that makes you feel secured.

2. Automate the Saving Process

Setting up an automated process such as GIRO or ACH (automatic withdrawal) will help fund x% to your savings account regularly. This covers you for any lack of discipline. If you are one of those who is unlikely to save regularly then setting up the automated deposit feature should help.

3. Direct bonuses towards Emergency fund

If saving is difficult from your monthly income, then set aside all your bonuses into the emergency fund instead spending it. Its difficult but remember once you have achieved the target, you can blow your future bonuses towards luxury expenditures.

4. Use Blitz Approach

If you can really handle a year living without partying, you can build your emergency fund in no time. Opting a blitz life style – which means living on just lesser (approx. 50%) of your income can actually get you to the target and then you are relaxed with your saving goals.

5. Limit unnecessary expenses – Less you spend, you save more. Some of your expenses could be unavoidable such as uber taxi rides, too many party or get together, unnecessary shopping. Go for smaller getaways, as moment you reach your goal you can spend as you like.

6. Consider using Singapore Saving Bonds

You can consider Singaporean saving bonds which can help you save and also earn interest of 2.6 per annum. Although this is not a very lucrative rate but at least your money will not stagnate and can grow over a period. SSB is comparably better than fixed interest deposit as you can redeem your bonds anytime without any penalty for exiting before maturity. This bond works with a flexibility of easy cash at disposal should there be any emergency.

7. Save in Dollars

Open a multi currency account which enables you to save different denominations ( RM 5000, USD$700 etc. ) and Citibank International Personal bank has one of those options. With money being in different currency, you cannot just walk up to an ATM and splurge on new pair of jeans. You can also be benefited occasonallly from exchange rates when Singaporean dollar value reduces compared to US dollar.

Start saving , its never too late. Initial days could be daunting but its financially wise to plan for the worst. You may not know what emergency situation could crop up but building emergency fund will make those circumstances less stressful. However, should such scenerio arise, speak with us at Credithub and see how we can help you.