Posts Tagged ‘survival guide’

Survive the Recession Financially!

Friday, March 20th, 2009 has an interesting series called “Survive the Recession Financially“, with equally funky titles!

Check them out:

    1) Cash’s flying out of my bank account!
    2) Hide all your cash under your pillow
    3) Your Insurance is dead
    4) To save money, take another $300,000 loan
    5) Markets falling? No Problem, throw in more money
    6) Challenge your boss to fire you
    7) Consolidate your ridiculously high interest debt

How to save money

Monday, February 16th, 2009

Late last year, I received a free ‘Survival Guide‘ published by Central Singapore CDC. In it were money saving tips, where to find jobs, and where to go for financial assistance, written in 4 languages: English, Mandarin, Tamil and Malay.


Keep ’em off
– Switch off electrical appliances at the plug point when you are not using them.

Use a Flask (save up to $360/year)
– Switch on your electric airpot only when you need it.

Cool Temperature (Save at least $50/year)
– Set the thermostat of your air-conditioner at 25 degrees Celsius, deemed the optimal temperature by experts. Each degree you raise the temperature takes $25 off your bill a year.

Desktop Helper (Save at least $240/year)
– Don’t keep your computer running if you’re not using it.

Four Ticks is Best (Save up to $590/year)
– Buy only appliances, like refrigerators and air-conditioners, with energy efficient labels. The more ticks an appliance has, the less energy it uses. The difference in an electricity bill between a four-tick and a one-tick air-conditioner could be as high as $460 a year, and as much as $130 a year when it comes to refrigerators with four ticks.

Better Bulbs (Save at least $20/bulb/year)
– Use energy saving or compact fluorescent bulbs, and watch your bill drop by $20 a bulb a year.

[help]Did you know?
The appliances which consume the most electricity are: Air-conditioner, storage water heater, electric airpot, rice cooker, steam iron, oven, dishwasher and refrigerator.



Five-Minute Shower
– Keep your showers short. Turn off water while soaping.

Use a Thimble
– Attach one of these water-saving devices to your taps, especially the ones at the kitchen sink. Thimbles can be bought at kitchen equipment outlets, hardware shops and home improvement stores. To get a free thimble from PUB, National Water Agency, call 1800 284 6600, or send an email to Give them your mailing address and they will post a thimble to you.

Bottle Helper
– To reduce the amount of water you flush away, fill a 500ml bottle and put it in your cistern. Make sure the bottle touches the floor of the cistern. But don’t let it touch the cistern’s mechanism.

Re-use Water
– Don’t wash your vegetables under a running tap. Wash them in a basin of water. Then use that water to flush our toilet. Collect the water from your washing machine too, to flush the toilet.

[help]Did you know? You save water by using a glass of water to rinse your mouth when brushing your teeth instead of doing so with running water.[/help]



Frozen Option
– Opt for frozen meat rather than fresh cuts. It could reduce your bill by up to 50%. Frozen cuts are just as tasty as fresh ones, and as nutritious.

House Brand Advantage
– Buy supermarket house brands and items produced in Singapore and the region. They cost less.

Less Meat, More Veg
– You could substitute meat dishes in your diet with bean and tofu dishes. And eat more vegetables. These are cheaper and healthier.

Buy in Bulk
– Some essential items like rice can be much cheaper when bought in bulk. If the amount is too much for your household, ask the neighbours or your family members to share in the purchase.

[help]Did you know? If you go to the market or supermarket with a list of what you have to get, you are less likely to buy items you don’t need.[/help]


MONEY SAVERS managing your money

Pay yourself first
– Save at least 10% of your take home pay each month. You should have an emergency fund equivalent to 3 to 6 months of your take home pay.

Just say No
– The salesman is persistent and you are tempted. The best response is to say “No thanks” and walk away.

Track Expenses
– Jot down in a notebook what you spend your money on. This will allow you to track where the money goes and where you can cut down.

Work out a Budget
– Determine how much you have to spend each week. First subtract your savings from your salary, then your regular expenses, for example, school fees and utility bills. Divide the remainder by four.

[note]For example:
Take home pay: $600
Less 10% savings: $60
Less utilities and other bills: $300
Remainder: $240
That gives you $60 a week for food, etc.