Choosing and buying the right air conditioning (aircon) unit in Singapore can save you big money on your monthly utilities bills. With Singapore's hot and humid weather, some would argue that air conditioning at home is a necessity. These days, the cost of installing an aircon has decreased, but you can always get a better deal and save money on your monthly utility bills. Here's a quick guide on how to save money on aircon prices in Singapore: 1. COMPARE AIRCON PRICES FROM DIFFERENT BRANDS Home contractors often receive a commission from selling a particular brand. This is as true for some brands of furniture as it is for air-conditioning. This isn't always bad: just because they get a commission, it doesn't mean the contractor is just out for your money (their reputation is also at stake). Nonetheless, it pays to look around. Don't just take the contractor's recommendation at face value - visit different distributors, and see if there are cheaper options on aircon prices in … [Read more...] about How to save money on aircon prices in Singapore
Credit cards offering 0 interest on balance transfers
Interest rates are not just random information on your savings account. They determine how much you earn on the money you save and if you’re making the most out of your interest-bearing bank deposits. Rates vary from one bank to another, which means you could be earning less on your savings in one bank while reaping gains on another. According to a recent survey by the Bangko Sentral ng Pilipinas, 15.8 million Filipino adults own bank accounts, and most local banks currently offer less than 1% interest on savings accounts. This is not a far cry from the average yield of 0.08% to 0.09% in the United States, where some major banks even offer yields as low as 0.01%. Fortunately, Dutch financial institution ING Bank is offering a better savings alternative: the ING Savings Account. For a balance of up to P10 million, the ING Savings Account lets you earn 4.0% interest rate per annum — an increase from its 2.5% rate and over 10 times higher than the rates other local … [Read more...] about 5 reasons why you should be interest rate-savvy
WHEN YOU DON'T HAVE CASH TO PAY FOR BIG-TICKET ITEMS, WHAT OPTIONS DO YOU HAVE? Between replacing your worn-out aircon, switching out a broken-down fridge, repairing your car, and renewing your gym membership, there will be more than a few occasions when you'll need to pay for a big-ticket item. With an array of perks, credit cards are the preferred way to pay for large purchases. However, you should always pay back the amount spent within the statement cycle, lest you incur hefty interest charges. But what if you need to make an expensive purchase, but don't have the money available to pay it off at once? Or if the shop you are buying from a shop that doesn't accept plastic? Don't fret, there are still several alternative payment methods you can use, each with their own pros and cons. To help you make the right choice, here are 4 methods for paying off big-ticket items, ranked in order from best to worst. 1. CREDIT CARD 0 PER CENT INSTALMENT PLAN: RECOMMENDED FOR MOST PURCHASES … [Read more...] about What are the best ways to pay for big-ticket items in Singapore?
MANILA -- Whether you clock in 8 hours, or 10, 12, 14, even gasp, 16 hours every day, you deserve a break on May 1. And since most Filipinos have the day off as Labor Day is a national holiday, why not take the time to do 5 simple things to check on your financial health. Yes, this may sound like a damper on your holiday plans, but there is real urgency behind this. The unemployment rate is inching up and latest data shows its at 5.2 percent as of January 2019. Meanwhile, the population continues to rise and is targeted to go from the 104.92 million recorded in December 2017 to 120 million in 5 years or by 2024. The peso is still weak next to the US dollar, but inflation has finally fallen within government targets of no more than 4 percent range. However, if your money sits in a savings account and the bank pays you a 0.02 percent interest, you don’t need to be a Math genius to know you are losing out. And then there’s the public sentiment that it’s getting harder to … [Read more...] about News This Labor Day, Make Your Money Work Harder For You