Life in Singapore
Let's face it. Singapore is only 716.1 kilometres square. There
are only that many places to explore before you're sick of them.
You find yourself pinning for exotic holiday destinations or another
city getaway. You simply have to get out of here to experience something
new, interesting and relaxing. However, you're tight for money and
will require any help you can get to save money for your dream holiday.
Fret not, Money Lobang will provide you with the travel hacks to
ensure your trip remains within budget and yet enjoyable.
Tip number 1 : Book early and travel during non-peak periods
Booking your trips 3 to 6 months in advance is generally advisable
to get the best flight or hotel deals. In cases where you need to
travel to certain countries for popular events, it is best to book
your trip at least 1 year in advance to get cheaper prices. In addition,
subscribe to newsletters by the different airlines and hotel websites
as they will notify you via email when there are any promotional
prices. Lastly, avoid the traditional peak periods such as June
or December holidays as prices of hotels and airfares could differ
by at least 50% between peak and non-peak periods.
Tip number 2 : Free air tickets and hotel stay
Through using the right credit cards to maximize the air miles earned,
it is possible to redeem free air tickets (excluding taxes). This
can be done easily if you have large expenses to be footed such
as wedding expenses, renovation expenses, etc. (Read real life example
my Wedding Expenses Paid for Free SQ Flight to Maldives for Honeymoon)
You can receive a complimentary night stay at over 80 participating
Millennium Hotels and Resorts by signing up for the American
Express SIA KrisFlyer Ascend Credit Card. The complimentary
night stay can be worth as much as $400+ in some European Millennium
hotels and resorts.
Tip number 3 : Book your trip online
cards for online shopping which provide cash back can similarly
be used to book your hotels, air or train tickets, car rentals,
admission tickets or even entire travel packages. The Best
Credit Card for Online Shopping is the BOC
Family Card which gives 5% cash rebate for every dollar spent
online. A fast way to compare hotel prices across all hotel booking
websites is through using third party websites like Wego
It is possible to get good deals at deals websites like Groupon
but beware of the fine print stated. Always check with the hotel
and travel agent involved directly before booking to ensure the
deals are valid. Lastly, take advantage of coupon discounts (such
Discount Codes, Hotels.com
Singapore Discount Codes or Booking.com
Discount Codes) for bookings as it can lower the cost by as
much as 20%. It is a good idea to check out the promotional coupons
for the various international sites such as Hotels.com
Singapore Discount Codes or Hotels.com
US Canada Discount Codes as they have different promotional
activities and there could be exclusive coupons that offer great
savings that are only valid for a particular geographic area.
Tip number 4 : Free luggage bags
With everything booked, it's time to pack your luggage to get ready
for the trip. This is when you realized that you need a handy luggage
bag that is durable. There is nothing worse than to see your precious
shopping loot and personal belongings to be spewed all over the
luggage belt at the airport. A quality luggage bag from American
Tourister or Samsonite will set you back easily by hundreds. Luckily,
banks often offer free luggage bags (See Free
Luggage Bag Comparison) for signups as part of their credit
card promotions. You should always plan ahead and apply for the
cards early as it could take at least a month or more for you to
receive the signup gifts.
Tip number 5 : Getting the best exchange rate
Money changers generally provide the better exchange rate as compared
to banks. However, this rule does not apply for money changers located
at tourist attractions and Changi Airport. We recommend going to
Change Alley / Arcade at Raffles Place to seek competitive exchange
rates as there are many money changers there. The difference (spread)
between the actual exchange rate and the rate offered by money changers
can be as low as 0.7% to 1% for good rates.
Tip number 6 : Use only credit cards that provide benefits
Credit cards typically charge 2.2% to 3.3% for overseas transactions.
These fees are much higher than the spread offered by money changers
in Singapore. Hence, it makes sense to use cash when abroad. However,
it is impractical to go around carrying large amount of cash and
therefore we will inevitably use our credit cards.
As a general rule of the thumb, MasterCards have the lowest transaction
fees followed by Visa Cards and lastly, American Express Cards.
To reap the maximum benefits when you are on overseas travel, the
choice of using the right credit cards is important. The Best
Credit Card for Overseas Spending is the UOB
Visa Signature Card, which offers a 5% rebate for overseas purchases
and will more than offset any overseas transaction fees.
There you have it. Now, you are all ready to fly!