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Budgeting

Why You Can Save Some Money With Daily Deal Site Like Yipit

How many Daily Deal Sites are you currently signed up with? And if you are in the US, have you check out Yipit yet?

The Concept Behind Daily Deal Sites

For some of the Coupon Sites that I have came across and mentioned in this blog, Daily Deal sites like Yipit have quite a similar concept – offering deals/coupons that you cannot miss. A coupon site may list out all available discount coupons for online shopping sites whereas a Daily Deal site will list a Special Deal of the Day, enticing you with offers that may have up to 90% off the usual price.

All in all, these sites want your money and want you to engage in some shopping, forms of pampering and de-stressing in whatever ways you want to call it!

Daily Deal Site May Help You To Save Money

Personally I do feel that Daily Deal Sites can help one to save money while still allowing one to enjoy life. I have seen many of my female clients who enjoy a weekly session of spas, massage, manicure or pedicure and they are so willing to pay so much for each session or even to pay one lump sum for a certain package.

But with the existence of Daily Deal Sites, I do see some of my female clients having a change in their spending habits – they are always in the lookout for special deals like a huge discount in a manicure or massage session and they are also less likely to sign up for packages because they know they will have some good deals coming up from one of these sites that can still allow them to enjoy their life!

Financial Planning Point Of View

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The Factors To A Comfortable Retirement

Are you prepared for your Retirement?

Most people will say no, that’s no surprise, because to these people, Retirement Planning starts only at the last 5-10 years of their working life. Whatever they have by then will determine the kind of lifestyle they will live during their Retirement. And also a risk factor to consider is that a sudden high expenditure during Retirement will deplete this amount drastically, leaving the future really uncertain…

So should you be noticing this kind of situation, and you do not wish to be in it, then it’s time to take into considerations to a comfortable retirement.

The Factors To A Comfortable Retirement:

1. Time

2. The Interest Rate

3. The Lump Sum Amount

4. Budgeting

The First Factor – Time

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2010 – A New Year To Start And Improve Your Financial Plans

Happy 2010!

Phew! 2009 has been a rough year for many and there are many valuable lessons that one can learn from and apply to in 2010.

And some of these which I personally feel that it’s worthy to keep in mind at all times:

  1. It’s wise to be more knowledgeable in what you are investing – nothing is safe till you know the risks involved.
  2. It’s always good to diversify – not just your investment portfolios. Big companies with many years of history may just go bust overnight so do not put all your nest eggs into just one basket. In other words, it’s okay to have the same type of insurance plan with other companies. You need it too!
  3. Not everybody will tell the truth – learn to listen and ask good questions and to put the feedbacks or answers down in writing (do verify after the writing)
  4. What “goes down in March” will “come up in August” – this is an investment lesson or experience that I have personally went through. A unit trust that went real down in March 2009 (also the time when many people choose to sell off) climbed back up in August 2009 (and it was higher than the normal times). So do not follow what other average people do, learn to differentiate and understands from within.
  5. Not all are down during the recession – many stock prices are down but not all and it’s evident in the property market (especially in Singapore) and in the prices of Gold (have you seen how it climb at the last few months of 2009). What this mean to all of us is that we need to understand how the financial market really work – relationship between various investment options like Equities, Commodities, Properties and Cash.
  6. Take good care of your health. 2009 is the year that many people are concerned about their financial health but they are unable to get the insurance that they need. Common illnesses: Hypertension, High Cholesterol and Diabetes!

So will the new year in place, have you set aside some of your resolutions to start and improve on your financial planning?

If not, how about getting some pointers and guidelines from this blog?

For Newborns And Children Starting School (Kindergarten or Primary School)

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