It started right from the first piggy bank you were given as a kid – finance management. You learn to save your pocket money so you can pay for a new wardrobe for Barbie, or get your own Tamagotchi. There is no second thought to it -finance management is one of the most important skills that we need to have in life.

The harsh truth is – saving money is not easy. Our lives come with numerous unwanted challenges, so here are some pointers on how you can manage your finances in a more efficient manner.

Make Extra Money #1: Create A Budget

It’s very important that you always have a budget. People tend to forget that their entire income is not available for spending; we need to pay rent or other obligatory expenses. Try to calculate the monthly expenses, then see how much you actually have to spend. Track the expenses you normally have in one month, and then assess what you actually spent.

It is important to write down the actual budget. Try to create a projected budget that is as close to your actual budget as it can be.

Tracking your expenses is crucial, so try to be certain that you track all the expenses that appear. This is the only successful method of losing the unwanted expenses when you see that you’re closing in to the target budget.

Make Extra Money #2: Spend Money With Success

You need to be making wise purchasing decisions. What you’re going to use once or twice should be borrowed or rented, so you can focus on a good investment like a down payment or a mortgage of a home because we all need a roof over our heads. On top of that, you keep an eye on your credit score, as this is very important if you want to get any credit as time passes.

Make Extra Money #3: Investing

Make the most out of your moolah by making smart investments. You’d need a ton of research but it will help you determine which investment opportunities are the best. Each field of work comes with various types of investments that might be either good or bad, so make sure that you make the right decision in this regard. On top of that, you need to think about getting a retirement plan as well as insurances, such as life insurance, house insurance, health insurance, and disaster insurance, because these are very important.

Make Extra Money #4: Saving Money

You need to make sure that you make saving money a priority. Between On Pedder warehouse sales and wanderlusting habits, it can be hard to save money sometimes. Keep in mind that you don’t know what the future holds, so saving money can keep you prepared at all times. Try to get an emergency fund going, because someday you may be glad you have it!


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Founder @ The New Savvy
Anna Haotanto is the Advisor (former CEO) of The New Savvy. She is currently the COO of ABZD Capital and the CMO of Gourmet Food Holdings, an investment firm focusing on opportunities in the global F&B industry. She is part of the founding committee of the Singapore FinTech Association and heads the Women In FinTech and Partnership Committee. Anna is the President of the Singapore Management University Women Alumni. Anna invests and sits on the board of a few startups. Anna is also part of the Singapore Chinese Chamber of Commerce & Industry Career Women’s Group executive committee. Anna’s story is featured on Millionaire Minds on Channel NewsAsia. She hosts TV shows and events, namely for Channel NewsAsia’s “The Millennial Investor” and “Challenge Tomorrow”, a FinTech documentary. Anna was awarded “Her Times Youth Award” at the Rising50 Women Empowerment Gala, organised by the Indonesian Embassy of Singapore. The award was presented by His Excellency Ngurah Swajaya. She was also awarded Founder of the Year for ASEAN Rice Bowl Startup Awards. She was also awarded the Women Empowerment Award by the Asian Business & Social Forum. Anna has been awarded LinkedIn Power Profiles for founders (2018, 2017), Tatler Gen T, The Peak’s Trailblazers under 40 and a nominee for the Women of The Future award by Aviva



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