Embarking on a PGCE journey in Singapore can be an exciting yet financially challenging endeavour. With the high cost of living in this vibrant city-state, it’s crucial to find ways to save money without compromising on the quality of life. In this guide, we’ll share ten practical money-saving hacks for PGCE teachers in Singapore.
1. Plan Your Meals
Food expenses can quickly add up, especially when you’re living in a food paradise like Singapore. Planning your meals ahead of time can help you save a significant amount of money. Instead of eating out every day, consider preparing your meals at home. Not only is this a healthier option, but it’s also a great way to cut down on your expenses.
Start by creating a weekly meal plan and shopping list. This will help you avoid impulse purchases and ensure you only buy what you need. Additionally, consider batch cooking and freezing meals. This can save you time and money in the long run.
2. Use Public Transport
Singapore has an efficient and affordable public transportation system. Instead of using taxis or ride-sharing services, consider using buses or the MRT (Mass Rapid Transit). These options are not only cheaper but also offer a great way to explore the city.
Additionally, consider getting an EZ-Link card. This contactless card can be used on buses, MRT, and LRT (Light Rail Transit) trains, and it offers cheaper fares compared to cash payments. You can also use it in some retail and food establishments.
3. Shop at Local Markets
While supermarkets are convenient, local markets often offer fresher produce at lower prices. Singapore has numerous wet markets where you can buy a wide variety of fruits, vegetables, meat, and seafood. Some popular ones include the Tiong Bahru Market, Tekka Market, and Chinatown Complex Market.
Shopping at these markets not only helps you save money but also gives you a chance to experience local culture. Plus, you can often negotiate prices, especially if you’re buying in bulk.
4. Take Advantage of Free Activities
Singapore offers a plethora of free activities that can keep you entertained without breaking the bank. From exploring the beautiful Gardens by the Bay to hiking in the Bukit Timah Nature Reserve, there’s something for everyone.
Additionally, many museums in Singapore offer free admission on certain days or times. The National Museum of Singapore, for instance, offers free entry to all galleries every Friday from 6 pm to 9 pm. This is a great way to immerse yourself in the local culture and history without spending a dime.
5. Use Cashback Apps
Cashback apps like ShopBack and Fave can help you save money on your everyday purchases. These apps offer cashback on a wide range of categories, including groceries, dining, travel, and online shopping. All you need to do is download the app, browse through the offers, and make a purchase through the app to earn cashback.
These apps also often run promotions and offer additional discounts, so it’s worth keeping an eye on them. Over time, the savings can add up and make a significant difference to your budget.
6. Buy Second-Hand
Whether you need furniture for your apartment or a bicycle for your weekend rides, consider buying second-hand. Websites like Carousell and Gumtree have a wide range of used items at a fraction of the cost of new ones. You can also find second-hand books, clothes, and electronics.
Buying second-hand not only saves you money but also helps reduce waste and promote a more sustainable lifestyle. Just make sure to check the condition of the item before making a purchase.
7. Save on Utilities
Utilities can be a significant expense, especially in Singapore’s tropical climate. However, there are several ways to save on utilities. For instance, consider using energy-efficient appliances and light bulbs. These may cost more upfront, but they can save you money in the long run by reducing your energy consumption.
Additionally, consider using a fan instead of air conditioning whenever possible. This can significantly reduce your electricity bill. Also, remember to turn off lights and unplug appliances when not in use.
8. Get a Local SIM Card
International roaming charges can be exorbitant. To save on communication costs, consider getting a local SIM card. There are several providers in Singapore, including Singtel, StarHub, and M1, offering a variety of plans to suit different needs.
Most providers offer prepaid plans with data, calls, and SMS. This allows you to control your spending and avoid unexpected charges. Plus, you can easily top up your credit online or at convenience stores.
9. Use a Budgeting App
Keeping track of your expenses can help you identify areas where you can cut back and save money. Budgeting apps like You Need A Budget (YNAB) and Mint can help you manage your finances effectively. These apps allow you to set budgets, track expenses, and get insights into your spending habits.
Using a budgeting app can also help you set financial goals and monitor your progress. This can motivate you to save more and make better financial decisions.
10. Stay Healthy
Last but not least, staying healthy can save you a lot of money in the long run. Medical expenses can be high in Singapore, so it’s important to take care of your health. This includes eating a balanced diet, exercising regularly, getting enough sleep, and going for regular health check-ups.
Additionally, consider getting health insurance to cover potential medical expenses. While this may seem like an additional expense, it can save you from hefty medical bills in case of illness or injury.
Living in Singapore as a PGCE teacher can be a rewarding experience. With these money-saving hacks, you can enjoy your time in this vibrant city without worrying about your finances. Remember, every little bit counts, and over time, these savings can make a significant difference to your budget.
Elevate Your Teaching Career with The IQTS at UWE
As you implement these money-saving strategies, why not also invest in your professional growth? The International Qualified Teacher Status (iQTS) programme at UWE is designed to help you overcome the challenges of stringent qualification requirements, limited career progression, professional isolation, and the need for a deeper understanding of global education systems. With the iQTS, you’re not just saving money; you’re also paving the way for a 45% increase in promotion rates and a 30% salary boost. Don’t let isolation hold you backâjoin a community that expands your professional connections by 300%. Make Your Next Step towards a fulfilling international teaching career with the iQTS programme.