Working from home allowed me to save alot of money!
Control yourself from buying unnecessary things from shopping portals and remember to apply the 4321 rule!
40% - Expenses
30% - Loans
20% - Savings
10% - Investment
After going back to being a broke student facing the new environment of 'Zoom University', I thought back on the positive sides.
One being the luxury to choose my own meals. In the past, I would opt for any food that piqued my interest but also leave a dent in my wallet. Now, I am left with a very real choice to eat healthier while just putting a bit more effort into planning what to cook and shopping for groceries.
With my new lifestyle, I stay home most days to enjoy the fruits of my labor while also getting healthier and more creative with my food options. I do believe that a good diet is a key investment for your own life, as with any other beneficial choices you make. Having an Ergotune chair counts as well to safeguard my back from any further distress!
I ponder so much about this and finally, I am able to share my favorite WFH money hack.
Being confined at home most of the time, I have more time to use my phone for social media. I realized that there's so many contests going on around social media that's not actually a scam.
I won quite a lot of vouchers (and even a staycation) which I used to buy my needs and wants. This is a money hack because I did not spend anything but I end up gaining some. Well, 30% of the time.
Joining contests can be shameful at times.. but rather than just browsing the internet for nothing-- I thought why not use my time and mind for something useful (winnings are tax-free, btw). That said, I only need to invest my time for thoughtful entries. To be honest, most of the contests I've won was because of my thoughtful responses and creativity, and that I always read terms and conditions thoroughly.
I love contests that are not based on pure luck, not those "randomly selected" kind of thing.
Used to spend at least $200/month on meals at work in the CBD!! Now that it's WFH, I follow my family out to buy groceries on weekends and home-cook my lunches instead. It's saved me at least $100 per month :)) preparing meals during the weekend, ahead of the work week, also prevents the temptation to Grab food, saving yet another $20-25 per WEEK! No more excuses for myself like "it's faster", or "it's more convenient"!
To qualify as a #WFH money hack, I feel it has to be one was possible as a result of wfh, so I commend and kudos to those who shared abt ur home cooking journeys and the associated savings w DIYing while I feel that money hacks cannot be at the expense of others like how some are suggesting, eg hawkers and f&b establishments who are surviving on thin margins, food deliver riders making an earning, when we think we save more by certain actions, these groups of people will earn less so consider again if what we are doing is a thoughtful money hack
As for my #WFH money hack, I have started to order tingkat catering for my family for fixed days of the week, it offers healthy options, free delivery to your doorstep, less food and transport wastage being orders are consolidated and prepared in a central location, and help my family save time and cost on travelling and reduce exposure for my elderly parents as they no longer need to leave the house as frequently to buy grocery or do takeways. Moreover, you can save even more if u opt for longer term subscriptions. Do look up Fresher Diners.
Wfh has also given me opportunities to support more home based businesses in the areas of food and fashion. There's a lot of variety and personalisation offered and also a chance for me to speak to them and learn abt their stories, and hear how some are supporting worthy causes. It is a money hack bcos I get to buy items at higher quality and last longer than mass produced items and food wise I know Im getting more quality and fresher ingredients as they are prepared when there is demand. I also see this as a way of supporting them in their #WFH money hack since they wld have pivoted to a Wfh setting - a win win scenario for all. Checkout Project Cookoh!
Finally, with wfh, I do my grocery shopping online and here are few tips:
- find out the min spend for free delivery (can choose 'eco-friendlier' time slots if u r always home) and consolidate or pooling your orders for your family and maybe your eldery neighbors
- look out for bundled deals on the site and certain brand, credit card or partner (Safra, Passion Card) promo codes, you can use app like Price Kaki to compare or get an idea of prices for individual items
- use services like Shopback to get a couple of % extra savings
- if no hurry, make your orders on sales dates like 8.8, 9.9, DBS has a 8.8 special for online spend and with certain online retailers
- look out for the banner and notification where they either give free samples or PwP items per order
Anyway, all the best, take care and stay safe everyone! Happy discovering new money hacks, and if possible think of them in a more thoughtful and holistic way, benefiting more than just yourself!
My go-to #WFH hack is to pool food delivery with neighbours. It helps save delivery fees (it almost becomes negligible) and helps qualify for minimum spending promotions!
We order meals together in one order and split the delivery costs while enjoying more promotions
Making my own drinks at home instead of buying from outside! Tbh reducing bbt spends is also healthier for my body #lesssugar
- My sister drips her own coffee at home now, instead of buying from kopitiams/Starbucks - $5-12 saved per week!
- I stock up on tea during sales which last me for at least a year! each drink is probably less than $1 vs $4-5 dollars outside
- Recently got a blender and I can make my own "boost" juice! fresh fruits with no added sugar is a much better choice~ ps it makes soya milk too so I love how it's multifunctional!
Since #WFH, I have started using 3 different money hacks (all which are somehow related to food) to help me save up on money!!
Use of Self-Pickup services on Foodpanda/Grab! Ordering in lunch/dinner seems so easy when you are working. But you get to save some money (and also exercise) when you walk out to dabao all your own food!
If you are visiting the hawker centre/food courts, bring your own containers and cups when you take away food and drinks. Save up on that 20cents when you bring your own container and save the earth!
Cook at home, and meal prep in the morning, before work, for your lunch! I'll use my POSB Everyday card to get that 5% cash rebates from Sheng Shiong store (or Redmart, when I'm really too lazy to travel out to buy my grocery!)
@sjh1993 You are legend lmao
#WFH money hack for me is to never order any food delivery. I always try to cook my own food or eat hawker centre food. Very fast and cheap if you get into the routine of doing it. You never realise just how much money you spend when you order in 3 times a day!
Working from home means travelling less! With the money saved from eating our and traveling fare, I have invested it using robo advisor! Another #WFH money saving tip is to order your food deliveries for everyone! Avoid ordering for yourself only, further more larger purchases are eligible for more discount codes! Lots of money saved that way!!!
WFH means we have to use our own aircon! And since Singapore is so hot, it's really tempting to turn it on everyday. A great alternative is to close the windows and curtains and drink a cup of ice-cold water, try it! It's seriously simple and good.
Using Foodpanda pick up or Grabfood pick up to get lunch for my family and myself when there is pickup promo code along with percentage discount for pick up. As it is even cheaper then dabao-ing direct from the hawker!! and can skip queue and no need pay extra for dabao container fee woohoo!! #WFH money hack #savetime #savemoney
I tend to shop online using Shopee, so I will add my items to cart and wait to checkout on Thursdays. I get $10 off as DBS/POSB is the bank of the day on Thursdays
Before I started working, I have a DBS multiplier account and have eligible transactions through PayLah to enjoy higher interest.
Now I started working, I deposit my salary into DBS Multiplier account, have my credit card and insurance transactions paid through my Multiplier account to enjoy even higher interest rates. I also have setup a monthly deposit to the SAYE account to enjoy an extra 2% p.a. interest. This setup maximise my interest income
My #WFH money hack is to use fitness apps like Lumi Health/ Healthy365 to earn points and redeem vouchers when i exercise from home. One of the perks of working from home is that I get more time for rest and exercise since I save time without needing to commute from home to the office.
I love to take brisk walks in the evening, sometimes to run errands. With more time to myself thanks to WFH, I have the time to walk long distances- about 5-10km+/ day. It would be great if I could win this ergonomic chair to improve my WFH set up as I will be working from home permanently even without the pandemic. I am still using my ‘studying’ set up from back when I was in primary school so my chair way is too short for me now.
#WFH money hack
Ever since I started working from home, leaving my house for social purposes has become a less and less frequent. Money starts to accumulate in my bank account and I find myself with extra time to spare too (due to zero travelling time). This spare time can be better used to be involved in DBS community online sharing about inexhaustible and several other insights. Besides that, what I did with the accumulated wealth in my bank was to invest using Robo-advisor. Their returns thus far from the start of the year have been great at around ~10%.
I also started a side hustle by doing food delivery using my bicycle. More money never hurts
My favourite #WFH money hack is to cook your own meals at home. Buying groceries are always much cheaper than ordering via delivery as these platforms do also increase their prices to profit from the transaction. Using breaks between work to do food preparation also ensures that I do not stay seated for too long in front of the screen.
My favourite #WFH money hack is drinking 2-in-1 coffee instead of buying expensive coffee. My favourite brand of coffee is Owl’s 2-in-1 Freeze Dried Coffee with Creamer, which costs $5.45 for 25 packets.
Each cup only costs $0.20 as opposed to coffee outside which costs at least $1, and can cost up to $6/$7.
My favourite #WFH money hack is to cook your meals rather than ordering delivery. Cooking is much cheaper than ordering takeout/delivery. You can also pre-plan meals so it saves time on cooking as well!
#WFH money hack: make your money work smarter and longer for you, not just with investments but also your daily needs. Like a proper chair that can last you years like ergotune instead of cheap brands that you have to change every year!