The process of relocating to another country for work or business is costly. It can become worse when the standard of living is higher than what you are used to. For instance, after getting one of the Singapore visa types and getting ready to relocate, you will need some of these tips to help you in saving while in this country. This article will, therefore, highlight common and viable advice.
Plan the shopping
Impulse buying while in a grocery or a supermarket is one of the ways people overspend. It is very easy to pick up unwanted household items which people can live without, particularly in a time when there is a financial challenge. Planning the shopping is the ultimate way to save money while in a foreign country. It will help to choose the priority and dropping what is a luxury if the budget does not allow. Make it a habit to prepare a shopping list before going to the market.
Buy second-hand stuff
Many household stuff does not need to be brand new to function well. If you are in a foreign country, you can locate the second-hand market to buy some items. Kitchen pots, pans, serving spoons and some electric devices can be bought from a second-hand market at almost 50 percent lower than the original price. According to consumer review studies, almost every country has some shops which sell second-hand goods at pocket-friendly prices.
However, buyers need to be cautious when buying these second-hand items as some can add cost instead of saving. Electric devices like refrigerators, cookers and many others can develop faults within a short time, leading to repair costs or going back to the market.
Move with some items
If the cost of the items, insurance, and freight is substantially lower than buying replacements in your destination country, then it is worth it to move with them. The process may be long but worthy if it will save money for you. There are numerous moving companies which can help you move some of these items conveniently. If they will be shipped via sea transport, then you can have them moved prior to the departure date so that you will not have to wait for long after arrival.
Using a thermostat to save energy
Energy bills knock on the door every month and saving a dime from them is worth it. People need to use electric devices on a daily basis; like taking a hot shower, heating the kitchen water, heating the rooms during winter, ironing and many others. Using a programmable thermostat on devices that consume more power will lead to a significant energy bill saving.
Smart thermostat use has gained popularity as it can sense while the house is not in use and lower the power consumption. People who spend the whole day at work will save more money than anyone can imagine on energy bills every month.
Avoid the use of credit cards
Credit card use has the power to make you strain financially. Some researchers indicate that people who use credit cards spend over 15 percent more on monthly expenses. It’s an easy way to spend money, particularly when you have the advance. Further, there is the interest that people incur for credit services on a monthly basis. As much as debit cards encourage a lower expenditure, they are also more expensive than the use of cash. If it is convenient and safe, use cash to make most of the household purchases.
Walk or take a bike
Walking to a nearby shopping mall or cycling to work – if nearby – will significantly save on gas. Driving to every point from A to B will have an effect on your monthly gas bills. It also encourages an addition of weight gain and medical costs. While on the other hand, walking and cycling save on fuel costs and medical expenses, and at the same time, keeps you fit.
Author: Ethan Clark
