January 12, 2024 – Lifejourney

Just earlier today. I wrote a piece about saving money and I was reminded of petrol prices. Stay tuned until the end for a nice freebie at the end which is in limited stock.

Sometimes saving money is about not spending it at all or cutting back on what we commonly call an austerity measure. Usually, that is quite drastic and meant to be a joke of some sort. However, some things have to be spent, necessities or even things that you have previously committed to paying for. It is akin to having a car and petrol prices are directly linked to costs.

For Example:

You purchased a home. You can’t stop the mortgage
You purchased a car. You can stop the financing payments (If any) and the petrol costs or the charging costs.
You purchased a subscription plan that has a contractual period. You can’t stop the payment. (Well, you can do an early termination if it makes economic sense)

I don’t wish to keep discussing the increase in GST. In a sense, this increase is necessary for economic gains and country-building. Additionally, business costs have increased, snowballing effect of the laggard inflation and upcoming soft landing is becoming apparent.

Petrol Prices

Discussing petrol prices has always been contentious with people around here. Regardless of any discussion, the price is as such. On the Price Kaki website, there’s a comparison of petrol grade 95, 98 and Premium.

In this year 2024, I wish to be able to bring joy to others as much as possible so in that aspect I have a good deal for anyone who drives a car and would like to get direct discounts from the petrol kiosk.

Don’t be confused and don’t be sceptical about it. It is a good deal and I have been using it for 9 months now so it is not a sham. I have a limited fleet card on hand at the moment and would like to offer to the first 5 pax who indicate their interest on google forms here: Fleet Card Interest Gathering and First 5 GIveaways.

One condition is to follow/subscribe to my blog and also to add my telegram channel here at Life Journey Telegram. Thank you!

The first lucky 5 gets it.

Rest assured, this information is for me to understand how to address you and share that information via email. I’m gathering some interest here so let me speak with the guys and see if we can release more slots for you.

Save on Petrol Prices – Pros

1. No age or salary restriction

This is not a credit card. Anyone who has a vehicle registered in Singapore has proof of address in Singapore and a credit card for recurring payment can apply for this. There’s no bank involved in this.

2. A physical card

It is a physical card at the moment and is only available to ESSO and SHELL kiosks in Singapore.

3. Fabulous Discount on petrol prices

Perks for this card are a direct 23% or 24% for SHELL and ESSO respectively.

4. No Complications. No minimum spend or Top Up

Away with the complications of minimum inclusive spending and potential discounts. To me, cold-hard discounts are the best since they are upfront discounts.

5. Ease of Payment on petrol

This fleet card works like a credit card and you need to set up a credit card payment to pay once a month.

6. Convenience

Once you have been registered by the company, you will get a pin and each time you visit the kiosk, just the card and you can skip the cashier queue. That’s really convenient.

7. Continue to earn credit card rewards/miles/cashback

Even more, discount via double dipping and still be rewarded with your credit card rewards.

Save on Petrol Prices – Cons

1. New to Many

I understand the scepticism but what have you got to lose other than savings for your petrol.

2. No accumulation of reward points on your petrol loyalty card

You don’t earn kiosk points or rewards that you have accumulated for some time. To me, there’s a cost to everything including reward points. Just finish up your points or claims and move on to something else. But you still earn reward points for your credit card (No exclusion for most cards – At least I still earn mine on my Premier Miles Card)

3. There will be a 1.8% fee for the credit card charges

I believe that they use Stripe as their provider so the B2B fees will be at 2.4% and they roll it to consumer at 1.8%, hence the discount will be All-in 21.2% or 22.2% which is still decent.

From what i understand, one can use the giro payment and it takes 4-8weeks to set it up. There’s no fee for that however if any one Giro payment fails, thats the $10 fee slapped on your bill for the GIRO return so think wisely. I think it is still good to go on credit card recurring payments.

If you like what you are seeing, do remember to check them out and do your diligence. There is no one-size-fits-all investment strategy and no one solution to life. Join my telegram group to find out more about deals and join the community to connect for ideas: Life Journey Telegram

I have a limited fleet card on hand at the moment and would like to offer to the first 5 pax who indicate their interest on google forms here: Fleet Card Interest Gathering and First 5 GIveaways.

If you like what I am sharing or if it resonates with you, do use my referral codes here at Referral Services

Saving money is an essential aspect of personal finance. Implementing some smart strategies can help you build your savings and achieve your financial goals. Here are a few tips on how to save money:

Create a Budget:

Start by reviewing your expenses and income. This will give you a clear picture of where your money is going and help you identify areas where you can cut back.

Track Your Expenses:

Keep a record of all your expenses, including small purchases. This will help you understand your spending patterns and identify areas where you can make adjustments.

The envelope theory involved stashing cash away in different envelopes. This helps with the first condition – budgeting. In this day and age, perhaps a better way is to use a digital app such as Dobin.

I’ve found the ultimate personal finance app: It helps to manage my money & save on everyday purchases.

Quote: Download the app here: https://www.dobin.io/download. You may use my referral code when you sign: ZUPUNWI

Cut Back on Non-Essential Expenses:

Review your expenses and identify items or services that you can live without. Consider making small lifestyle changes such as reducing dining out or entertainment expenses.

If you really still plan to have these expenses to eat out. Perhaps playing the miles game as you spend to double dip on rewards.

Kris+ is a lifestyle rewards app that gives you discounts and privileges at over 1,000 partner outlets islandwide! Earn rewards (KrisPay miles) for payments made on the app, and use them to offset future purchases!

Quote: Sign up now with my link below, and my referral code L329518 and we’ll each be rewarded with SGD 5 worth of KrisPay miles upon your first transaction on the Kris+ App

Don’t forget to check in daily every week to earn about 30 KrisPay Miles. Meanwhile, you can also utilize Google Pay to make payments via Krist+.

Quote: Use my code when you sign up and transact at least S$10 for the first time in Google the e Pay App or use my code t74cf8f

Meal Planning:

Plan your meals ahead of time and create a grocery list. This will help you avoid unnecessary trips to the store and impulse purchases. Look for sales and use coupons to save on groceries.

The CDC vouchers should do most household some good and defray some costs. More about that here if you have not claimed yours. Claiming your CDC Vouchers

Save on Utilities:

Make small changes in your daily habits to save on energy costs. Turn off lights when not in use, unplug electronics when not in use, and adjust the thermostat to optimize energy usage.

Perhaps switching to an Open Electricity Market retailer can save you 10-15% off your electricity bills.

Quote: Sign up for Senoko Energy with my referral code: “YM8SCA2D”. You will receive a S$20 rebate on your electricity bill. Browse their price plans and start saving today. T and Cs apply. Senoko is your electricity retailer

Compare Prices:

Before making a purchase, compare prices from different vendors or stores. This can help you find the best deals and save money.

For comparison’s sake, if you are exchanging a foreign currency for any purpose. You can try iChange for money exchange and remittance.

Quote: Their rates are very competitive. Sent $5 for you to try it out. Download the app here https://ichange.onelink.me/Px1i/iyv9ymrr and add paul38 to receive it.

Alternatively, if you want the convenience of using multi-currency cards, there are three options that you can consider. You get the idea.

You Trip Personal User: Get $5 when you sign up. Sign up with my referral link: Personal YouTrip (Valid until 4 Feb 2024)
The other option is to perhaps consider using a Revolut Card as an alternative and you can get $80 when you make three $10 transactions: My Revolut Referral Link
Quote 3: Use this Crypto.com App to sign up for Crypto.com and we both get USD 50. Code: im3py887ty

Automate Your Savings:

Set up automatic transfers from your checking account to a dedicated savings account. This way, you’ll save money consistently without having to think about it.

Other than a bank standing instruction, the alternative is to use Money Market Funds for either:

Using Tiger Brokers as a platform to sign up to make that regular saving.
The other option is to select another provider such as Moomoo Brokerage Invest App for a great welcome starter kit here at Moomoo Invest App
The third option is to select Webull and get your starter kit promotion. Click here to register at Webull Sign-up link

Avoid Impulse Buying:

Before making a purchase, give yourself a cooling-off period. This will help you evaluate if the purchase is necessary or if you’re buying on impulse. As the saying goes, delayed gratification. Any new tech is always appealing and after a while, it loses its appeal.

Cancel Unnecessary Subscriptions:

Review your subscriptions and cancel those you no longer use or need. This could include streaming services, gym memberships, or magazine subscriptions[1].

Prioritize Debt Repayment:

If you have outstanding debts, focus on paying them down. High-interest debts, such as credit card debts, should be prioritized and paid off as quickly as possible.

Remember, saving money is a gradual process, so be patient with yourself. Small changes can add up over time and lead to significant savings. By implementing these tips, you’ll be on your way to building a more secure financial future.

Disclaimer