Money issues are always a sensitive topic for every international student. It seems simple but turns out to be a difficult problem that makes you feel stressed. Although Singapore is not the most expensive city in the world, learning money-saving tips in Singapore will never stop being a hot topic. Below, Phuong Nam Education would like to suggest 5 practical ways to help you save money while studying and living in this beautiful island nation.
Learn about budget tracking and management apps
You want to save money when study abroad in Singapore? The most effective way is to determine where you spend the most money and learn about apps that track and manage your budget. The biggest monthly expenses international students spend are the habits of drinking coffee, milk tea, snacks at 3pm, booking taxis or large grocery bills. Therefore, you need a budget optimization management application that will highlight these expenses for you.
With the “Asset Value” and Cash Flow tracking tools in the DBS/POSB NAV Planner app, it’s easy to Save money for international students in Singapore. The DBS NAV Planner expense tracking app shows you how much you’ve spent. From there, with the support of powerful tools, it can help you save money effectively when studying abroad in Singapore.
Famous financial management application in Singapore
Make smart use of discount codes
It’s not always possible for international students to buy cheap groceries in Singapore, especially if you have a preference for certain brands. Be a wise consumer and Make smart use of discount codes that you can collect. You should do a little math to figure out how much you will use in a year and buy your everyday items in bulk to stock up. Thanks to a small job, it can save money for international students in Singapore.
Save even more money on groceries by using a card that gives you rewards. In Singapore rewards offer great cash back value at the locations you shop.
If you’re shy about cooking and like to eat out, hunt for deals on sites like Burpple, Chope and Fave. Use DBS PayLah on mobile to check transactions near you. You’ll find dining deals to save money on food delivery. Great choice for those days when you want to enjoy your favorite dishes without leaving home. After all, this is the ultimate everyday app that lets you book trips, order meals, buy tickets and more! There’s nothing better than enjoying delicious food while saving money for international students in Singapore.
Huge discount vouchers via Burpple app
Money saving tips for international students in Singapore: Always carry your student card
Whether in Singapore or any other country, students are always a priority. Here, when participating in the amusement park in a restaurant or shopping center, you can present your student card to enjoy the discount program. In Singapore, international students Always carry your student card with you with you to comfortably enjoy the services in this beautiful island nation at attractive prices. Therefore, don’t forget to bring this “talisman” with you!
Privileges for students in Singapore
Many people think entertainment means spending a lot of money on movies, parties, shopping or other local attractions. However, there is a lot of free entertainment available – it just takes a little patience and effort to find it!
Check out the internet and start with sites like timeout.com where you can find anything for free. Phuong Nam Education sincerely advises you: Always ask if there is a student discount before you pay for anything. For example when buying a laptop, make sure you are getting it at the student policy price.
Because you enjoy the privileges given to you international students in Singapore, you can get a series of discounts. More attractive, even at restaurants and stores outside the school’s campus.
Students can also get discounted movie tickets on weekdays before 6pm at all major cinema chains such as Cathay Cineplexes, Golden Village and Shaw Theatres. All of the above tips help save money for international students in Singapore extremely effectively.
Timeout – Singapore’s trusted website
Investing smart money increases interest rates in Singapore
You should start learning how to invest right now. Young investors have a huge advantage in terms of time.
Saving money isn’t just about tightening your budget, it also helps you make money, even when you’re not actively doing anything. Investing smart money to increase interest rates in Singapore may seem quite strange to new international students. Follow this article, for more information on how Invest smart money in Singapore When i was student.
DBS Multiplier application
The first step to having a high interest savings account is to have the DBS Multiplier app. Get up to 3% interest per annum on your savings (up to S$100,000), with no minimum amount required on transactions across your DBS / POSB products. Best of all, anyone can get started – especially students who want to increase their income.
Additionally, the RSS plan helps increase your earnings by investing in a financial instrument such as an Exchange Traded Fund (ETF) that tracks, for example, the Straits Times Index (STI). This means you are effectively investing in the top 30 companies in the Singapore market without having to pick individual stocks to buy.
Buy used items or learn how to trade with friends
Buying used or learning to trade with friends is a great way to save money as a student. Phuong Nam Education would like to introduce you to Carousell. Because the price is much lower than new items. You might be surprised at the treasures you find – high-quality clothes, used textbooks, household items if you’re living in a dorm – all at lower prices.
If you track your monthly expenses you will be surprised that you are spending hundreds of dollars each semester on textbooks! Instead of buying new textbooks, buy old textbooks on Carousell or on sharing forums that other students post on. You can easily save 50% – 80% compared to the original price. And if you’re lucky, most old textbooks are almost new and haven’t been used much.
Carousel application
Above are money saving tips for international students in Singapore. It is quite useful and can help you control your wallet in this beautiful island nation. Hope you can successfully apply the seemingly simple but extremely useful tips that Phuong Nam Education has shared! We hope that all of the above valuable sharing will help your study abroad journey be more successful.
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