How to Save Money Post-Pandemic
During the pandemic, many of us had altered our lifestyle, our spending and our saving habit.
Here are ways you can save money post-pandemic
1. Refrain from Returning to Bad Habits
During the pandemic, many of us had started awful spending habits such as getting excessive amounts of groceries, ordering take out and buying unnecessary stuff online. To ensure that we are saving, the habits we developed during the pandemic need to alter and transformed for the better.
To do so, we need to start by creating new spending habits. such as tracking our groceries purchases, limiting online orders and changing to a cheaper dining alternative
2. Click-and-Buy Less
As mentioned in point (1), due to the bad spending habits we developed during the pandemic, many of us have a habit of buying unnecessary stuff online. Temptation can be a killer when it comes to saving up, so we can put more thought into the buying process.
- Reconsider the need for the item
- save it in the cart and come back again later
- look for a cheap alternative
- set an online purchasing budget
3. Spend on bettering Yourself
Instead of spending on possessions, you may not need, we can spend it on enrichment classes that help personal growth and better oneself.
- Pick up a new hobby or skills
- Take enrichment classes
4. Balance Fitness Spending
During the pandemic, many were unable to go to the gym or the pool, so they purchased a home gym or even built swimming pools. If you did this, you need to remember to drop your gym or pool membership. It may take several years of cutting back to pay off significant expenses.
5. Save for Emergencies
Many overlook the little things in life especially when it comes to saving money. We often forget to save for our well-being and focus on the wants and needs in life.
It’s important we save for emergencies, make sure to have at least saved up 6 months worth of income before loosening up spending habits.
About GEM COMM
We are an International Investor Relations firm (IR) based in Singapore. We specialise in Investor Relations, Public Relations, marketing, branding and messaging strategies for clients that include organisations of all sizes across Asia, Oceania and US.
GEM COMM advice and solves stakeholders’ issues, drive growth, reposition your business, improve your marketing and Public Relations (PR) or engage with investment community in your leadership or strategy story. We have a track record of helping clients reach these goals. We create and implement PR & media content, mitigate crisis and issues, establish and improve thought leadership & content marketing.
GEM COMM Engagement types include:
- IR/PR retainer program
- Crisis and issues projects;
- Content marketing (from research to lead generation) inclusive of Press Release drafting, Media Pitch, Website content, etc.