Don’t underestimate the power of a simple tip. It can help you get ahead or save you a significant amount of money over time.

No matter whether who you are, the lifestyle you lead and how much you make, the money tips we are giving you today are bound to help in ways big and small.

Here goes!

1. Be the early bird on the MRT

We all know the saying ‘The early bird catches the worm’. In Singapore, the early bird saves money by catching the train. Early commuters in Singapore get to enjoy free MRT rides if they tap out of 18 designated destinations before 7.45 am. Cannot make it by the cut-off time? Don’t worry, you can still enjoy a 50% discount on your MRT fare when you exit the station before 8 am.

Related: 6 Tips for Saving on Travel Costs in Singapore

2. Workout for cheap

Did you know that you could workout by paying a mere fee of S$2.50 in Singapore? It’s true! The entry fee to any of the ActiveSG gyms in Singapore comes at just S$2.50. After all, being fit depends on how you workout and not the gym. Ditch the fancy gym memberships this year and save money while getting the body that you want.

3. Save on groceries

We might not notice it, but we do spend a lot on groceries every month. A trip to the supermarket will definitely leave us with lighter pockets. While we strongly do not recommend starving yourself to save on groceries, we do suggest that you get a grocery credit card. There are quite a lot of grocery credit cards in Singapore that offers discounts, cashback, and other benefits when you shop at supermarkets. You do not have to starve to save!

Read also: 10 Best Cashback Credit Cards for Grocery Shopping in Singapore

4. Go crazy during GSS

Take advantage of the best things in life! We are talking about the Great Singapore Sale! Every year, Singaporeans witness one of the biggest sales in the country where brands offer discounts on their merchandise. If you are smart enough, you can save money by shopping at the Great Singapore Sale! Stock up your wardrobe and purchase gifts for your loved ones during GSS. The discounts and offers during the sale can save you quite a lot of money.

5. Don’t spend a bomb to have fun

It is the small things that bring us great joy in life. Most of us think that we can only have fun if we spend a bomb. How silly is that? Singapore offers plenty of opportunities to have fun without breaking the bank. Indulge in activities such as camping, cycling, kite flying and more at the East Coast park. Visit the Gardens by the Bay with your loved one for a fun day out! If you are an art lover, the numerous museums in Singapore will ensure you never get bored.

Related: 25 Free and Fun Things to Do in Singapore

6. Transfer your salary into a different account

Yes, you can actually make money by transferring your salary into a different savings account. There are many savings account in Singapore that will offer you a high rate of interest when you transfer your salary to that particular account. Want to know more?

Read more: Which of the ‘High Interest’ Savings Accounts is the Best?

7. Don’t be shy with your credit cards

No, we are not encouraging you to let that crazy shopaholic side of you take over the wheel, but we do suggest you indulge once in awhile. Shopping with your credit cards can actually save you money if you do it wisely. Use your credit cards to reap rewards or discounts and save money.

8. Don’t save your credit card information online

We are all guilty of this mistake. Unfortunately, this mistake might be costing us quite a bit without us being aware of it. Most of us save our credit card information online so that it’s easier to make payments when you shop the next time. What you do not know is this habit will not only make it easier for you to make payments but it also increases your impulse purchases. You are less likely to spend when you have to manually enter your credit card details. Stop saving your information and start saving money!

Related: 4-Step Guide to Protecting Your Credit Card Information Online

9. Use dining apps for discounts

Have you already heard of Sugar, Eatigo or The Entertainer App? If you haven’t, it’s time to find out. These apps offer you discounts, 1-for-1 deals, or up to 50% discounts when you dine during a restaurant’s off peak hours. It’s a smart and incredibly easy way to save a significant amount on your dining expenses.

Related: Best Apps for Amazing Dining Discounts in Singapore

10. Buy insurance

If you are wondering how spending money equates to a savings tip here’s how. Getting insurance ensures that you are protected against the uncertainties of life. Insurance ensures that you do not break your bank by paying up for the causality in case anything should happen to you or the insured object.

Do you agree with our list? Is there anything else that you have found to be really helpful when it comes to saving money? Let us know in the comments below!

The post 10 Money Tips You Need to Know to Get the Most out of Your Salary appeared first on BankBazaar.sg.

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