HOW NOT TO OVERSPEND ON WEEKEND?
I’ve been asked many times of what I do for a living on a daily basis. Did you know in the U.S., this question is actually offensive? It sounds like you’re making a judgement of other person’s earning and what she does for a living. In Singapore for some reasons, this is a common question of most locals. I believe, they are interested of what others are really doing for a living when they’re in Singapore(?).
What I do for a living is quite simple – I work on weekdays and I chill on weekend. I believe that I do not have to make things look difficult for others to be inspired or to prove how I am able to pay my bills. 😊
Why I always chill on weekend that as if I’m not really doing anything? I pay attention to my energy and I take care of it. I work long hours on weekdays and so on weekend I try to make it less complicated — I go out on a date with friends, I work out at the gym, I have a fun photoshoot [for free], and I read a book or two by the pool. I used to over work myself back in 2010 because I bought a penthouse apartment in the CBD of Manila and I was stressed in monthly mortgage. As result, I was really crabby and didn’t have healthy relationship with people. I was calculative of my time when I meet someone and I attempted to work on multiple projects in order to pay the bills. It did not work out well and I was unhappy in the end.
I learnt that some business can give you a fortune but if you work extremely hard without balancing everything you will be snobby, crabby and unreasonable. And what’s the point of it? To be hated by many and to have unhealthy relationship? Nah. I’ve rather live happy and be kind to myself. There are a lot of things that money cannot still buy – good energy.
How to chill on weekend without overspending?
Whilst my Instagram looks fancy (thanks to #VSCO for all the cool filters) but the truth is I try to simplify my lifestyle. Here are my practical tips how to enjoy your weekend without getting broke.
1.Don’t shop when you’re bored.
If you’re single and has a money but bored on weekend, don’t shop unnecessarily to the point that you will have to pay massive credit card debts by the end of the month. If you will browse my Instagram (tip: scroll down until the end, lol) you’ll see that most of my clothes are mix and match. I do not shop unnecessarily and most of my wardrobe including shoes last for a year or two. I believe that I don’t have to impress people in my outfit. They can either like me or leave me alone. 🙂
2. Don’t always buy the latest smart phone.
Smartphones are a huge part of everyday life. I don’t know anyone who doesn’t have it! Well, except to my 83 years old grandma. In order, to save money don’t always buy the latest smart phone for self-indulgence and/or to impress other people. In my case, I only buy a new phone whenever SingTel will give me a mail notification that I am entitled for a free upgrade. Yay! My monthly phone bill is also less than $150/month. I don’t call/sms people if it is not important. I lessen the paid communication.
3. Get rid of your credit cards.
My father always told me that if you can’t afford it don’t buy it. To use a credit card is bad debt because of its high interest rates and low minimum payments. In fact, I only carry two cards – one is a credit card that has limited amount to be used on a monthly basis and one is a debit card that I use for groceries, Grab and other online transactions.
4. Don’t go on a staycation that you cannot afford.
Singapore is a place for the best staycations as hotels and resorts have competitive offers but no matter how attractive the offer it is still expensive. A hotel room of SGD 300-500/night can buy a lot of groceries, clothes, phone bills and such.
5. Don’t make friends to people you cannot afford their lifestyle.
I always make a joke that I only take downstairs and never up them because the only climbing I do is social. LOL Whilst it is somehow true but I choose the circle of friends that I can afford their lifestyle and if I can’t, I am honest to them about my financial capacity. I usually decline travel group invitation to Europe because I am responsible for my finances and I believe Europe can wait once I have more money to travel.
Peer pressure can be a bad influence for spending unnecessarily. So, either choose your friends that you can afford their lifestyle or be honest to them about your financial limitations.
6. Learn to have a low-key weekend party at home.
To host a party at home is still the most economical way to celebrate. You can set your budget for meals, entertainment and allocating funds to each category based on what you need.
7. Don’t be too generous to the point you will overspend.
I made a clear announcement last month that I will not buy any Christmas presents to family and friends because I am responsible to manage the business finances. I am not sure if they are happy when they read my announcement on social media but I either do not buy gifts to people or I narrow my gift giving list. I decide who I need to buy for and what I can realistically afford to spend. If the occasion is important, I set a budget for it.
8. Do not overspend the holiday meals.
Last Christmas and NYE 2018 I cooked simple meals at home. The 3 meals are good enough to celebrate the season as I do not have a lot of guests. I am not into overspending for one occasion then throwing away the leftovers the next day. My family and friends rely on traditions during holiday times but I also believe it shouldn’t be traditions of debt. What’s my style? If a guest offers to bring her “famous” dish, I welcome her contribution and I also ask a few others to bring the meals. #strategy lol
Here’s my fun and low-key weekend at my condo. 🙂
I make simple meals that I can enjoy on weekend. If I have discount coupons, I also use it on Redmart, Amazon and groceries. 🙂 A 10%-15% off is a lot.
“To have a productive life and work, I believe it is more effective to manage your energy, not just your time. Energy comes from balancing your lifestyle, organizing your schedule and choosing the right friends/partner in life.”Kathleen, startup-nomad.com
A post shared by Kathleen G. (@startup_nomad) on Jan 5, 2019 at 3:51am PST