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These are just some random cost saving tips I thought of so I shall write it here.

1. Save electricity on Air-conditioners

Use curtains or shares to block sunlight from entering the room directly through glass windows. Clean your air conditioners filters regularly as well. This reduces the workload of your air conditioners, and thus help save that bit of electricity.

2. Save electricity on refrigerators

Shift your fridge away from heat generating appliances (eg. Stove or cooker). Another common method is to close your fridge immediately once your open and grab your stuff. You don’t want to let too much cold air out, and hot air into the fridge.

3. Using your Local library to get more information before spending to learn.

This is a common tip I used to do, when I want to acquire new knowledge. There are simply tons of books in the library, and wealth of knowledge that we can read up on. There are always people who love to take out money before realizing that the knowledge they are paying for are available in the library.

Remember, these little tips can add up to lots of amount after a long time.

These are just some random cost saving tips, similar to those from the first post.

1. Buy used or second hand stuff

Look around your house, and you will realize some stuff lying around are simply… old but still useful. We don’t always need new stuff, so let’s make good use of old stuff. If you don’t mind, I hope there’s a second hand shop somewhere around your neighbor, with tons of stuff ready for a second life. Buy them and it could save you quite a bit. (eg. My 2nd hand Kawai upright grand piano cost $4,200, but the original price is tagged around $16,000).

2. Keep a list of items and their prices

Keeping in mind what’s the price of an item helps, if you are not sure of the “usual” price of an item. If you know them well, or keep a list, you can easily compare and contrast as to why an item is sold higher than other places, or lower. There maybe 10 products that serves the same function. It is therefore wiser to choose the cheapest, unless it differs with some extra functions you need.

3. Calculating the lifespan of a product

It is frustrating to buy a shoe that costs $50 and it lasts less than 2 years wearing out at the sole or breaking away. While a pair of shoes that cost $150, it could last for at least 6 years. I remember there’s a brand called “Caterpillar” which produces very high quality yet lightweight shoes. If you can “estimate” the lifespan of a product you are buying, I would rather you spend slightly more money to get one that lasts. (eg. IT gadgets, quality apparels)

Remember, these little tips can add up to lots of amount after a long time.

With the current bonus, I ended up with $1000 a thousand dollars to spare. So what I did was through the internet banking services provided by DBS, (with the dongle) I got access to the account number for POSB MySavings, hence I could transfer the savings easily through any POSB or DBS ATM machines.

To get the dongle, simply go to an ATM machine and request for a DBS ibanking service… and ask the outlet’s customer service for assistance.

To transfer money from your POSB Savings account to the POSB MySavings Accounts, go to any POSB or DBS ATM and do this.

Other services -> Fund transfer -> From savings account -> To another savings account.

Enter your My Savings Account number. You may check this through DBS ibanking or check this with the outlet’s customer service assistance. Next enter your Amount and that’s it. It works like a normal fund transfer facility.

Basically with the DBS iBanking, tracking transactions is much easier and faster.