We are constantly faced with decisions on whether to spend or save: Buy a brown sugar milk tea from LiHO or settle for a teh bing (Iced Tea) from the coffeeshop? Shop online whenever we receive a new promo code or make time to review our budget? As time passes, these seemingly inconsequential decisions add up in ways that shape our financial health. It is not always easy to stay committed to our money goals, but the good news is there are simple but powerful things we can do when our willpower fails us.

Why monthly savings are important 

Your personal savings rate is one of the most important factors in achieving financial independence. After all, don’t you want the freedom to make choices in your life – jetting off for a holiday whenever you want to, starting your own business, or retiring early – without worrying about your paycheck?...