The Search for the Right Credit Card

Availing a credit card is considered to be a good financial option to take. It helps you shop around more conveniently, not to mention you do not need to carry around with you hefty amounts of cash.

In availing a card, however, always make sure to conduct a personal research of your own. Compare features, costs, incentives, and possible drawbacks from one bank to another before you settle on a single credit card. Keep in mind that the search for the ‘right’ card requires time and effort on your part.

Here are some of the things you must look out for when picking a credit card for the first time:

Annual fee – A number of credit cards in Singapore often charge an annual fee of around 190 SGD, while others don’t. This fee is often waived during the first year but later on charged to you after a year or so of using the card. There are also cases where banks waive annual fees (for example, if you’ve charged or hit a certain amount for the year) so for clarification purposes, it is encouraged to ask your bank about it.

Interest rate – The interest rate is generally the percentage of the interest you’ve charged on the balance on your card. This also includes cash advances, so it is usually two different rates. It can be either fixed or variable/floating. Fixed is sometimes higher, but it allows you to know what to expect for the year. Variable rate is often lower, as it is based on an interest rate that may swing up or down.

Introductory rate – In order to attract more card users, banks often offer a low introductory rate that may later grow into a higher fixed or variable rate. Before you sign up for one particular card, make sure that you are aware of how long the introductory rate is (this is usually around three to nine months). If you happen to send a late payment, your card’s introductory rate is often cancelled.

Finance charge – This is the actual amount you have to pay when carrying a current balance. This charge often includes interest costs and other various transaction fees. If you want to be financially aware, you might as well learn how the number is calculated. There are several methods to do so you can find on the internet, the average daily balance method being the most common.

Grace period – This is a time period for you to pay off all your current balance minus the finance charge. Most cards typically offer this period, which is usually around 25 to 30 days. This period starts from the date which is printed on bill, not the date you made the purchase.

Simplest Ways Couples Can Save More

 

We hear divorce and separations here and Singapore and it is alarming knowing that it has increased over the years. There are many factors and reasons for divorce and probably they ended it because of money matters. There is no hiding that couples sometimes argue because of money problems. Knowing this, we have to be careful.

Couple Saving Money

Whether we are just planning to build a family or planning a wedding, it is crucial that we know some ways to save more. Before money problems destroy our relationship, it is better to avoid such arguments and discussions in the future. We have to talk about money problems now before it takes a toll in our relationship. The best time to save is now.

Here are some modest ways on how we can save more:

  • Eat out less. It is not wrong to go out and indulge ourselves once in a while but if it becomes a habit, we have to be warned. Dating here in Singapore is costly from fancy restaurants to exclusive membership clubs. Even hawker foods become expensive eventually if we eat out more often.
  • Eat at home more often. It was mentioned earlier that dating here is costly. If we are serious about saving more, the best solution is cooking at home more often. We do not have to be master chefs. As long as our food is edible (a bonus if it is healthy), it is better than going out. Cooking is fun if it is done together.

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  • Use group discounts. We do not want to deprive ourselves of watching movies. If we really want to watch a movie, we have to look for group discounts. Sometimes it is good to involve other people when going out. Let us take advantage of group discounts like in Golden Village. If we book 4 tickets via Visa credit card, we only pay for 3.
  • Know each other’s spending weaknesses: Now we are careful about our money but we all have our spending weakness. It is beneficial if we know each other’s weakness so we will know how to avoid it and if it cannot be avoided, we will know how to limit it because of our partners.

If we talk about saving now, it will definitely be a habit with persistence. Setting aside money as a couple is less stressful and there will be fewer arguments. With this, it will surely strengthen our bond by meeting our financial goal.

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5 Cost-Efficient Ways to Cutback Energy Costs This Summer

  During the summer months, electricity bills and water bills can get pretty high. However, there are some easy ways to trim down your celebrex and alcohol cooling costs without suffering sweaty days and uncomfortable nights. As long as you start preparing early for the coming heat lipitor wave, you can save a few hundred dollars from utility bills, as well as do our environment a great favour. stream_img

  1. Cover Up Holes

The cool air from your air conditioning unit must be treated like precious vapour that must not escape. If you use window-unit air conditioners, make sure that it fits tightly so the flagyl side effects air can’t escape around the unit. Shutting the windows and doors of the room also helps to lighten the load of your aircon unit.

  1. Heavy Curtains on Windows

Curtains are more than just home accessories. They can also help in keeping your house cool by blocking out the sunlight. By preventing the sunlight from streaming in and warming up your house, your aircon won’t have to work as hard. If buying heavy drapes for every window is expensive, only hang them in areas that get the most sunlight. Heavy-Blackout-Polka-Dot-and-Striped-Curtains-in-Champagne-Two-Panels-C1080

  1. Operate Thermostat Efficiently

If you’re out most of the day, it’s okay to let your home warm up by setting your thermostat. Programmable thermostat, which allows the temperature to rise during the day when there’s no one home, can save you up to 30% annually. Even though most air conditioning systems have built-in programmable thermostats, only a few makes use of them, which means may systems work harder than necessary.

  1. Take Cold Baths

While you need to use the water heater during colder months, cooler baths during the hot season greatly helps in lowering your body temperature, making you feel more comfortable and much cooler amidst the heat. By taking cold baths, you would require less cooling from your air conditioning unit, saving more from your electricity bill.

  1. Stay Away From the Oven

Using the oven also heats up the rest of the house, which forces your aircon to work harder. If you must cook, consider a toaster oven, an outdoor grill, or the stove top, which gives off lesser heat than the oven. If you have always suffered paying costly bills during the summer months, it’s surely because of the overused air conditioning systems you have at home. This time, be an informed consumer by educating yourself of the ways to be cost-efficient. Consider these tips and be surprised of how much you can save from your energy costs this summer. Happy Housewife

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