Author: ValueChampion

What Does Mindful Living Have to Do with Saving Money?

Mindfulness has been a buzzword for quite some time now, and it has also become a multibillion dollar industry. The practice focuses on developing awareness through a regular practice of being in the present, which can lead to calmness and mental clarity. Meditation and other mindfulness practices have positive health impacts, but can being more mindful also help you to save money? Benefits of Applying the Mindfulness Concept to Our Daily Life The absence of mindful decision making can impact all facets of your life. For example, research suggests that we make 200 decisions about our food intake everyday,...

Read More

Comfort on a Shoestring: Cost of 5 Underrated Destinations

With only 14 days of annual leave, Singapore is the sixth most vacation-starved countries in the world according to Expedia’s 2018 Vacation Deprivation Study. Unsurprisingly, staycations and short getaways remain popular with Singaporeans. For instance, Skyscanner’s 2018 Year In Review trend report revealed that nine out of the top 10 destinations for Singaporeans were Asian cities. Fortunately, with public holidays and long weekends, longer vacations to cheap, far-flung destinations are possible if we plan well. Here are 5 lesser-known cities where you can enjoy guilt-free luxuries. Sun, Sand and Sea – Phu Quoc Phu Quoc is a fast developing...

Read More

Budgeting for Altruism: Tipping Expectations Worldwide

How many times have you looked at your credit card bill and were shocked to find you spent way more on your trip than what you anticipated? As you look through the charges, you notice that the small charges for a souvenir here or a cafe visit added up quickly. To add insult to injury, you also realise your dream trip to New York City actually cost several hundred dollars more than you anticipated thanks to the tips you had to give out for every bar drink, restaurant meal and cab ride. While some whimsical travel expenses are hard...

Read More

Here’s How Much it Could Cost You to Catch the Northern Lights

For many Singaporeans, catching a glimpse of the mystical and elusive Northern Lights, also known as the Aurora Borealis, is an item on the bucket-list. While it’s only possible to see these lights in the northern hemisphere, Singaporeans can enjoy the phenomenon by taking a vacation up north. Aurora season is currently taking place–ranging from late August to early April–so now is the perfect time for a trip. We’ve looked into 3 popular cities for viewing the Northern Lights, finding approximate costs for travelling to each and offering ways to save. Tromsø, Norway: Northern Hub of the Arctic Circle...

Read More

How Much Can You Actually Save by Moving From a Condo to an HDB Flat?

In the past few decades, we have seen a dynamic Singapore property market. The ever-changing property regulations, fluctuations in mortgage interest rates and uncertainty of the economic future have led some to take a pragmatic approach of “downgrading” to affordable housing as opposed to over-leveraging financial facilities for acquiring a property that puts them in greater debt. The truth is, buying and selling property takes a lot of careful calculations, and any misguided move can lead to major financial mishap that can impact one’s financial stability for a long time. According to a survey released in October, local property...

Read More

Picking Up a New Sport? Here's How Much It Could Set You Back

Get the Best Credit Cards in Singapore {“applyCallToAction”:”Learn More”,”defaultSelectedItem”:””,”description”:””,”formType”:”credit-cards”,”title”:”Get the Best Credit Cards in Singapore”,”options”:[{“label”:”Rewards”,”url”:”https://www.valuechampion.sg/best-rewards-credit-cards”,”value”:”rewards”},{“label”:”Cashback”,”url”:”https://www.valuechampion.sg/best-cashback-credit-cards”,”value”:”cashback”},{“label”:”Miles”,”url”:”https://www.valuechampion.sg/best-travel-credit-cards”,”value”:”miles”},{“label”:”Promotions”,”url”:”https://www.valuechampion.sg/best-credit-cards-promotion-and-bonus”,”value”:”promotions”},{“label”:”No Annual Fee”,”url”:”https://www.valuechampion.sg/best-no-fee-credit-cards”,”value”:”no-annual-fee”},{“label”:”Petrol”,”url”:”https://www.valuechampion.sg/best-petrol-credit-cards”,”value”:”petrol”},{“label”:”Overseas Spending”,”url”:”https://www.valuechampion.sg/best-credit-cards-overseas-spending”,”value”:”overseas-spending”},{“label”:”Grab Rides”,”url”:”https://www.valuechampion.sg/best-credit-cards-grab-rides”,”value”:”grab-rides”},{“label”:”Shopping”,”url”:”https://www.valuechampion.sg/best-shopping-credit-cards”,”value”:”shopping”},{“label”:”EZ-Link”,”url”:”https://www.valuechampion.sg/best-ez-reload-credit-cards”,”value”:”ez-link”},{“label”:”Student”,”url”:”https://www.valuechampion.sg/best-student-credit-cards”,”value”:”student”}]} Following the same fitness routine for extended periods can easily get boring. Thankfully, there’s a straightforward way to freshen up your routine: pick up a new sport. To help you to properly budget, we’ve broken down key associated costs and how to save on them. Chances Are, You’ll Need to Pay Just to Get in the Door While jogging or outdoor yoga can easily be picked up for free, the same doesn’t apply for many other sports. Unfortunately, you can’t...

Read More

What the Trade War Means for the Everyday Investor

The economic expansion that began in the US in June 2009 has continued, uninterrupted, for more than 10 years, and is now the longest expansion in history, breaking the record of 120 months of economic growth from March 1991 to March 2001. The equity bull market is also ageing along with the economic cycle, meaning investors not only have to contend with rising economic uncertainties but also a late cycle investment environment. Even without the trade war we still have a slowing economic cycle to contend with, and strong US dollar wreaking havoc on global growth, which will be...

Read More

Can PropTech Save You Money?

Across the entire economy, every company is trying to leverage technology in some way to expand their business. Therefore, technology has become an important factor in promoting efficiency and economic growth. In addition to the emergence of e-commerce and fintech companies in Singapore, there has been a recent emergence of proptech (or real estate technology) firms. One such technology-based platform, Ohmyhome, was launched to provide one-stop, do-it-yourself property services directed at buyers and sellers of HDB and private properties. Established in 2016, the platform has been offering free online property services that bypass the traditional approach of engaging property...

Read More

Prevent Costly Dental Visits By Adopting These 4 Dental Hygiene Behaviors

According to a recent survey by the Singapore Dental Association, 89% of Singaporeans are concerned about dental costs. They’re not wrong to be concerned, as common but necessary procedures like dental implants can cost several thousand dollars. Luckily, most dental conditions are preventable, which means you can reduce your risk of facing high dental fees simply by taking better care of your teeth. Below, we sum up 4 cheap, preventive behaviors you can do to save money on your dental costs over the long run. If You Are Prone to Cavities, Ask Your Dentist for Fissure Sealants While there...

Read More

3 Maid Insurance Conditions You Must Know to Save on Your FDW’s Medical Costs

Your domestic worker plays an important role in supporting your household. That’s why when she falls ill, it can be a scramble to get her prompt medical attention, pay for her treatment and find a temporary replacement while she recovers. Luckily, this is when your FDW insurance comes in and helps you deal with costly medical bills. However, there are limitations and coverage gaps in maid insurance that can result in surprise out-of-pocket costs for unsuspecting employers. To help FDW employers manage their domestic worker’s healthcare costs, we discuss 3 conditions surrounding your domestic worker’s healthcare coverage and provide...

Read More

ValueChampion Student Interview Series: Lim Yee Xien, SMU

ValueChampion’s student interview series aims to share the experiences of top university students in order to help prospective students better understand what obtaining a degree really entails. Lim Yee Xien is an Economics & Finance student pursuing her bachelor’s degree at the Singapore Management University (SMU). In the future, Ms. Lim would be interested in pursuing a career with a positive impact. Not only that, she hopes to continue her successful career in shooting for the Singapore National Team. What influenced you to pursue your degree? What excites you intellectually? I studied H2 Economics in junior college for my...

Read More

Splurging on Seclusion: Cost of 5 Remote Honeymoon Destinations

After a hectic wedding, the first thing you want to do is get away from everyone and get some peace and quiet. Luckily, a few resorts cater to just that—a haven that is completely separated from the world and even other guests. Below, we take a look at some of the most secluded resorts that can be perfect for your next honeymoon. For the Ultimate Private Island Experience: Laucala Resort (Fiji) Is your definition of privacy your own private island? If so, Laucala Resort will not disappoint. It sits on its own private island and offers an 18-hole golf...

Read More

Make Learning Fun: 4 Affordable & Educational Trips for the Whole Family

Sometimes, some of the best educational experiences occur outside of the classroom. One of the best ways to put this into practice is to travel. This is why holidays with your children can double as both a time for relaxation and a time for learning. Not only will your kids get a chance to experience new cultures, but they can see the things they learned about in person and get an opportunity to learn more about their interests. Thus, to help families budget appropriately, we analyse the costs of 4 types of educational trips that will be fun for...

Read More

Amazon's Launch in Singapore: Where Should You Shop Online Now?

Amazon’s new launch of its first Singapore website is making headlines, stirring a new sense of excitement among consumers and perhaps concern among local e-commerce companies. Amazon has been expanding its dominating presence around the world by leveraging dirt cheap prices, wide selections and excellent customer service. But with so many local competitors that have been operating in the region for so long, will it live up to this expectation in Singapore? We’ve crunched the numbers to find out. Amazon Is Indeed Cheaper Than Other E-commerce Platforms After scraping prices of different products on Amazon, Lazada, Shopee and Qoo10,...

Read More

Rising Mortgage Defaults in Singapore: Should You Be Worried?

Widely circulated data from Singapore’s Credit Bureau suggest that there has been a rise in home loan defaults in the past few years. For example, the number of mortgage defaults in 2018 (156) was up 39% from 2017 (112), and was more than double the number from 2015 (65). Similarly, the number of mortgagee listings (home listing by lenders, usually following defaults) have increased more than two fold since 2015. Should consumers be concerned about a downturn in the housing market? Why Are Mortgage Defaults on the Rise? There are a number of reasons that mortgage defaults may have...

Read More