Get Down With Heavy Duty Shopping Without Getting Ripped Off

shoppingWith great money, comes greater billing responsibility. Although adulthood brings you the privilege of making your own shopping decisions and shaping your lifestyle, it’s not much of a respite to Singaporeans who happen to live in the world’s most expensive city.

Living in a city where even the pricing of living essentials like housing is far from affordable, one can only imagine how much of a challenge it is to indulge in some big ticket item shopping every once in a while.

While mindless consumerism never serves anyone well, no one should ever feel constantly financially handicapped to go out and shop for that awesome new iPhone they’ve been waiting for, or that beautiful Persian rug you noticed in an ad recently.

You have the right to shop for whatever you want as long as you have the capacity to buy it without being bled dry by bills. Fortunately, a little financial savvy can help a lot in preserving your hard-earned cash when you do decide to go shop for items on the expensive side. Let us give you a few essential tips and tricks to make your shopping experience worth every dollar you spend:

1.   Dig Deep for Company Privileges

Working class Singaporeans often make the mistake of assuming their company privileges are limited to basic insurance and coffee breaks. The fact is that many companies treat their employees as assets and involve themselves in a wholesome development of their life that isn’t just restricted to signing off their paychecks.

Companies sign multiple deals with several leading retailers and wholesalers in Singapore, which can be taken advantage of by their employees when they go out shopping. You might be surprised to find yourself entitled to hefty rebates on big ticket items.

2.   Know the Right Places to Shop At

Singaporean malls are notorious for being ridiculously expensive and are only treated as window shopping retreats for most Singaporeans. The price of an item also directly dependent on the market it is located in. Tourist-heavy locations and malls are not the most competitively priced shopping hotspots for Singaporeans to visit.

Apart from the famous Orchard Road and Marina Bay area, Singaporeans can also discover a treasure trove of unique textiles, furniture, jewelry, etc. at places like Little India, China Town and Kampong Glam.

Haji Lane, Ann Siang Hill and Tiong Bahru are another three attractive hotspots for Singaporeans that host a number of great independent boutiques.

3.    Hold Out for Trade Fairs

To a retailer, a fair or expo is the biggest opportunity to test the market waters for their product before dipping into it and get a fair idea of its demand. It helps them accurately manufacture their products to meet the demand and estimate their future retail pricing. To a shopper however, it is the best chance to get heavily discounted items and capitalize on numerous special promotions offered by them.

Trade fair like Comex are ideal for tech enthusiasts to check out the best gadgets that are set to storm the market and purchase them at bargain prices. For Singaporeans seeking new furniture to fill their home with, the IFFS is a great event to buy these products and make solid savings rather than holding out for an official retail launch.

4.   Pick the Credit Cards That Complement Shopaholics

Credit is the lifeline of any capitalism-driven economy and banks are its guardians who ensure the consumerism train never runs off track. This is why you can see a plethora of credit cards offered by them that are targeted towards shoppers. Every major bank has its own arsenal of shopping credit cards with a mind-boggling number of rebates and cashback schemes that cater specifically to the unique interests of shopping enthusiasts.

Premium purchases like TVs, laptops, gym memberships, furniture, etc. can give your credit card reward points a major boost so that you can get some hefty rebates on your future shopping trips. For example – the Citibank Rewards is an excellent shopper-friendly credit card that grants 10 points for every S$1 spent.

A credit card that does not restrict interest-free installments also helps in paying off the bill for a costly item without heavily denting your savings and subjecting the remainder to a weak 2% growth rate that will only churn weaker returns for you in the future.

For more financial tips and tricks to optimize your financial lifestyle, visit and learn all the best moves to make with your money



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