Curb Overspending in Singapore | How to Stop Overspending Your Money

Budgeting

You are not alone if you identify as an overspender. Every month, you meticulously create an excel spreadsheet and record every cent that leaves your pocket. You may be fully aware of your spending habits, but you always seem to be living paycheck to paycheck. Perhaps your budgeting method isn’t appropriate for your lifestyle, or you’re simply overspending. In this blog, we tell you how to curb overspending in Singapore. 

Curb Overspending in Singapore

Simple money-saving hacks to help you stop overspending

Purchases should be postponed

If you see something online that you think is an absolute must-have, put it off for a few days. This will allow you to recover from the excitement and consider whether you truly require it. And if you forget what’s in your shopping cart, it’s likely you don’t like/want/need it as much as you think. Also, don’t buy something thinking you’ll return it if you don’t like it because chances are you won’t.

Only use cash

We strongly advise making cash payments if you truly want to reduce your spending and save more money. Why? Because credit cards allow you to make impulse purchases by simply tapping your card on a payment terminal and walking away. If you only carry enough cash to run errands and do pre-planned shopping, you won’t be tempted to buy anything else because you won’t have enough cash.

Stay away from temptations

When you go to the mall to get groceries, for example, be objective to save time. Don’t stop at every store on your way to the supermarket, because we all know how difficult it is to leave a store with “FIRE SALE” written all over the walls. We overspend primarily due to impulse purchases, so simply walk away. Consider the logistics of purchasing the item as well. What are you going to do with it? When will you put it to use?

Curb Overspending in Singapore

Check out for discount 

If you truly believe you require that spa treatment or cup of bubble tea, there is always a way to save more and avoid overspending. Consider the following locations:

Favorite massage/spa (Warning: Favorite vouchers are not for the faint of heart.)
Eatigo, Burpple, and Chope
Hotel: Examine every travel website (Klook, Agoda, Trip.com, and so on), and don’t forget the hotel’s website. If you find a better deal on another website, you can always call the hotel and haggle. Remember to combine promotional codes whenever possible.

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