Every dollar saved is a dollar earned, so stop these habitual, money-draining purchases ASAP.
Multi-vitamins are said to bring about an entire spectrum of benefits, but to what extent? As it turns out, you can’t “megaboost” the vitamins in your body by taking pills – once your body has enough of a particular vitamin, it’ll naturally reject any more, no matter how many pills you take.
NEXT: Cable channel packages →
Singaporeans tend to buy bundled cable TV channels out of sheer convenience, but they’re also paying for all the channels in the bundle that they aren’t watching. Better off with Netflix or other such subscription services. In fact, are all your favourite shows are on the Internet? You might not even need the TV.
NEXT: Unnecessarily high interest rates →
For instance, if you have a $5,000 credit card debt growing at 26 per cent per annum, you could simply look for a cheap personal instalment loan at six per cent per annum, borrow money to pay off your card debt, and reduce your interest by a whole 20 per cent.
NEXT: Credit card fees →
Many banks will give you fee waivers for your credit card, if you just call and request for it. Credit card annual fees range from around $200 to several hundreds per year, but if you repay your card reliably, and actively make use of it, many banks may not mind processing a waiver.
NEXT: Last-minute travel insurance →
Signing for an annual plan, especially if you’re a frequent flyer, not only works out to be more cost-saving, but protects you in more situations as well. For instance, when you buy travel insurance exactly as you’re leaving, you pay for protection you don’t use, like the part of your premium meant to cover you in the event of a cancelled trip.
NEXT: Single-serve consumables →
Do you use a lot of jam? How about peanut butter? Buy in bulk instead of popping into the store multiple times to get them in small quantities. The prices of smaller or single-serve packs can be up to 50 per cent higher. Not forgetting the increased waste your household will be generating!
NEXT: Multi-vitamin supplements →
By Ryan Ong, SingSaver, January 2018
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