As we gear up for the Lunar New Year, financial stress is a common concern amidst the joyous celebrations. But worry not, as the latest episode of Money Hacks, a podcast by The Business Times, is here to help. Tune in to episode 203, where host Howie Lim and experts Dhanesh Sharma and Seth Wee share invaluable tips on keeping your wallet intact during this festive season.
Expert financial advice
The podcast features Dhanesh Sharma, financial services manager at PhillipCapital, and Seth Wee, content creator and financial influencer from sethisfy.com. Their combined insights can help listeners navigate the financial challenges posed by the festive season. From setting a budget to using cashback effectively.
Budgeting strategies
Setting a budget is always easier said than done. This episode goes beyond the basics, offering detailed advice on how to allocate your spending across short-term, medium-term, and long-term goals. Whether it’s buying gifts or planning a holiday, the strategies discussed will help you stay on track.
Smart spending tips
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One major theme in this episode is smart spending. The experts share tips on how to take advantage of discounts, compare prices, and utilize cashback or reward programs to make your money go further. Avoid falling into the common pitfall of overspending through impulsive purchases or relying heavily on credit cards.
Emotional spending cultural customs like giving red envelopes are often driven by the desire to ‘save face’. Both experts advise planning ahead and understanding your financial limits to avoid unnecessary debt. They also discuss the psychological traps set by retailers during festive seasons.
Setting a budget
Allocating smart spending across your financial goals can help you take advantage of discounts and cashback offers. Limit credit card usage and plan for repayments.
Plan meaningful gifts without falling into debt. Avoid last-minute panic and start planning early.
Listen to this episode of Money Hacks now and be armed with actionable tips to ensure that your financial health remains robust while still enjoying the festivities.
For those keen on acquiring more financial tips and insights, subscribe to the Money Hacks podcast and stay updated with the latest episodes. We welcome your feedback or episode ideas to btpodcasts@sph.com.sg. More episodes here bt.sg/moneyhacks.
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Written and hosted by: Howie Lim (howielim@sph.com.sg)
With Seth Wee, content creator and finfluencer from sethisfy.com and Dhanesh Sharma, financial services manager at PhillipCapital
Edited by: Howie Lim & Claressa Monteiro
Produced by: Howie Lim
Engineered by: Chai Pei Chieh
A podcast by BT Podcasts, The Business Times, SPH Media
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Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.
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