I first heard about no-spend challenge from an episode of the Stacking Benjamins podcast where Joe, OG, and the gang interviewed Jen Smith from Modern Frugality about how implementing No Spend Challenge helped her to compensate for budget flubs. What is a No Spend Challenge? When I googled about “No Spend Challenge”, I found that…
Explaining personal finance to kids can be very challenging, especially when it comes to the logic around compounding. Here’s a simple way to explain the power of compounding with your kids. Here’s how the conversation would be like between me and my imaginary son, Tom. Mickey: Tom, what would you rather have, $100,000 or a…
We’ve crossed the middle of the year again and if you’re as lucky as I am, you should have been informed of your salary increment for 2018. This year, I got a small increment of $195 in my monthly payroll so that’s an additional 195 one-dollar soldiers awaiting for deployment every month! I checked my…
Saving money can sometimes be tough. I mean, it often means doing something less convenient. Like cooking a meal at home instead of eating out, or waking up earlier taking the train instead of rushing out of your home and taking a taxi. To make money saving activities more interesting, I decided to add a…
I started my journey 2 years ago with a simple goal of improving my financial lifestyle and the aim of retiring by the age of 50. I can’t say the journey was easy as I had to make many lifestyle changes and be wiser about how I spend my money. In some cases, it can be…
Last week I wrote about a new personal finance app called Seedly that I’ve started using to track my expenses. It’s one of a kind in Singapore in the sense that it is able to extract transaction information from your bank accounts in the 5 major banks in Singapore and allocate them into expense and…
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