After working for 2 years I decided it's time to save up. Frankly speaking I have an embarrassing amount of savings.
Tracked my expenditure for a year, majority of my expenditure was on clothes, transport and food. Apart from that I'll treat myself to something I like almost every month e.g. phone, camera, bag, jewellery etc
Recently, I learnt, hawker and home cooked food taste tons better than some restaurants'. A plate of char siew rice cost $2.50 plus a drink the max you pay is $5 but $5 was the GST for a meal then you factor in transport: $35 round trip. A day out, more than $100 was spent.
On top of that I have a habit of buying something before I head home - clothes or whatever. Anything.
When I thought I put too much focus on recording my expenses, I stopped. Obviously I didn't spend any lesser. If you'll spend lesser you'd done that long ago. I can't not take a cab coz my legs are not too far from breaking after I end work. Many think my job is very easy but hey, for as long as you sit, we stand. that's not the point here. So I decided to eat cheaper since expensive food doesn't necessarily taste better.
For the last 1 year I was using FRANK account. it does a breakdown on how I spend my money to the best of it's ability but ATM withdrawals are listed as "Miscellaneous". Tho' I can break it into other categories I sometimes find it a hassle to login ibanking just to do it so saver app is better but it's a lot of manual recording.
I've just started saving or at least I planned to. I was told about OCBC 360 Account.
If you fulfill all and have $10k in your account. You'll receive $305 a year.
read up a bit on the cards OCBC offers and decided on the 3:
365 card gives rebate on dining, petrol, groceries and online shopping etc which in my opinion is the best card for me but I got a Frank card coz it offers more rebate for online shopping.
the last one w/ Great Eastern is for paying my insurance w/ IPP.