Welcome to the latest edition of ST Headstart, bringing you the best of The Straits Times’ career, personal finance and lifestyle coverage every Tuesday noon. Sign up here to get weekly tips right into your inbox.
“Just eat cai fan to save money” is something we sometimes say when our bank account feels a little empty. I wanted to find out if doing so would actually help me cut down on my expenses, so I did a quick search on how best to test this hypothesis.
A recent DBS study found that bank apps, which also function as little digital financial planners, can help give insights on money management and saving for retirement. So I decided to use a bank app to track my spending, aiming to better understand patterns and explore ways to save and invest more effectively. Does cutting back on food expenses really move the needle? Find out in my latest column.
Tracking finances is even more vital now, with options like Buy Now, Pay Later making a comeback. In my colleague Teo Kai Xiang’s report, experts warn of risks such as spending beyond your means.
Besides budgeting, look out for other adulting topics like quiet cracking and rising singlehood in this edition of Headstart.
Stay hydrated!