The first topic of sharing would be - saving your loose change! I feel very compelled to write on this first because I am a strong believer in it.
There are basically two ways people save money; either pay yourself first or save whatever that is left. I will discuss more on these two techniques in another blog post.
"Saving your loose change" could be seen as "save whatever that is left", but that may not be the case. The latter is usually saving at the end of the month, while in the case of the former, I see it as at the end of the day (or perhaps for some people, week).
Let us delve into the details of saving your loose change. You might argue that it doesn't make sense to save the change, thinking "how much can I save from all these pennies". But we must never forget there is this Chinese saying 积少成多, or the power of accumulation. After all, a penny saved is a penny earned.
I personally do not like to carry coins around - they are just unnecessary weights! So, at the end of each day, I will just keep at home whatever coins I am left with. Save them up, leave them alone, and you would be surprised how much they would accumulate to after months!
Go ahead and give it a try!
In the next part of this topic, I will be sharing with you a "loose change" banking feature offered by OCBC Bank which allows you to get free cash! Cool yea? Stay tuned!
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