Don’t Break The Bank: Post-Covid Spending

A new normal will soon emerge with the phased reopenings of cities everywhere. Business as usual is going to look vastly different, and you should adapt accordingly. We’ve compiled some tips to help you do just that, without spending a fortune.

Just Because You Can, Doesn’t Mean You Should

As more and more businesses open up, you might be tempted to rush to the mall or splurge on a nice dinner. You should resist the urge to indulge yourself too much. You’ve been cooped up at home and your “treat yourself” attitude is likely at an all time high. That could be a risky outlook. You could end up spending way more than you need to because you’ve been denied social interaction for so long. 

This can be dangerous for your bank account, and your health. Exposing yourself to all of the luxuries you’ve been missing can also expose you to the virus. So remember, just because you’re allowed to go out a little bit more doesn’t mean you have to! 

Pro Tip: Try and ease your way back into normal life so you don’t end up going crazy right away.

Take Advantage Of Deals

Businesses are eager to get more customers through the door and many are offering up incentives. You can find lots of 1 for 1 promotions and other food deals on Made In Singapore Lah. Try and take advantage of these great discounts to help businesses get back on their feet, and help yourself save a little money in the process.

Don’t forget about any gift cards you bought or dine-in incentives you received during the quarantine. 

Pro Tip: If you bought a gift card to help support a business, remember to use it instead of letting it sit in your junk drawer!

Make Smart(er) Plans

If you’ve learned anything from this outbreak, let it be how quickly things can change. Try and take this with you throughout this new norm. As you make plans, remember that anything can happen and try and plan accordingly. This includes little things like getting trip insurance, or maybe putting off that big trip entirely. This also applies to long-term decisions, like where you live and how you invest your money. 

The repercussions from the Covid-19 pandemic will be vast and lasting. Industries will change and some things may cease to exist as you know them. 

Pro Tip: Do research before you make a big financial plan or investment. Being a little bit smarter could help you save big in the long-run.

Written by

Annie Echols

Last updated on

June 2nd 2020, 11:15 am

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