The most important point is actually at the end of the video. Such efforts to "earn as you spend" is only truly worth it when you are directing your *existing spending patterns* to using the best means to earn benefits. If you have to spend way more than usual on things you do not even really need, then this entire "saving" exercise is pretty redundant.
I don't like this concept. They think they are saving money when in fact it makes them wanna spend more with these sales. $5600 on lazada, 1 month $400+ on online shopping. I can't see how is that savings when the items they buy may not be really a necessity. Memberships are nice for frequent buyers but do also note those with membership normally their items cost more. Like ya Kun coffee is triple the price u buy from local downstairs kopitiam
Ya. I wonder without these 'motivations' would she be spending this much? At the end of the day, perhaps it might just be the corporate strategies messing with yo mind and spending pattern
Good, informative video. I hope we get more such videos. However, I feel the second part about bargains and vouchers might give a very misleading and overly naive picture of online shopping. Half the time I actually find better deals during non-sale periods from the same store. Many stores are known to increase their prices during big sale events to offset the larger voucher discounts. About miles, round trip SIN-DPS-SIN generally only earns you about 1,000+ miles if you buy non-flexi economy tickets, not 2,600 as mentioned in the video.
finger print safes are kinda worthless security wise, first and mainly it will have an override key slot incase you ever lose power to the thumbprint. Pretty much all safes have this so you're just paying for the cute feature, that probably has some good work arounds
Excellent exploration of how loyalty programs create win-win scenarios for both businesses and consumers! 🌟 It's worth noting that these programs not only drive sales but also foster customer loyalty by providing a sense of appreciation and exclusivity, which can be incredibly powerful in retaining a customer base.
lol! the businesses are making you spend more on them thru their so call loyalty programme. The irony is, you think you are saving more, but the truth is, they are making you spending more.. A good saving would be having her kopi and toast in a coffeshop and hawker instead of at Ya Kun - an immediate saving of at least 2 cups of kopi per purchase (compared to Ya kun) - thats real savings!. Bargain hunters usually spend more due to the terms of purchase by loyalty programmes
On the Starbucks coffee reward: If you get a Nespresso machine for $1.00. Yes it’s ONE dollar and subscribe to a $38 monthly delivery of Nespresso capsules at Usual price - which can be as low as 0.75 cents per capsule, you can save even more money. The subscription lasts for a year. After the 1 year, you can terminate the subscription or REDUCE the amount of your subscription and Nespresso will also give you a discount. We hardly go to Starbucks anymore. We have a coffee and home and if we want coffee to go, I bring it in my flask I return the used capsules to Nespresso which have promised to recycle them It’s cheaper and environmentally more friendly I think.
I got my Dolce Gusto machine for free via a promotion. I buy the pods as and when I want (and Dolce Gusto pods are cheaper and have more variety) instead of being tied down and stressed out by a subscription. I buy my pods at supermarkets, thus earning both supermarket and mall points. For coffee which are only available for the Nespresso machine, I can still buy them, because there is a Nespresso machine in the office. Again, no need to waste money buying any machine, and I get to consume practically any pod available. ;)
I used to hold 5 credit cards but I have given up all my credit cards. To get $1,000 from the credit card company, you need to spend $100,000! I remember an incident where I have to spend $200 on my credit card to get 1 hour free parking. How much did I save on my parking? A miserable $3. I guess I am not very smart with money. And using a credit card is spending future money that does not belong to you. I have been using a debit card for the last 5 years and I have zero credit card debts.
These rewards are for people who spent a lot. Spend more=save more. If u aren't as aggressive, just go for the Cashback cards that is eligible for ur daily necessity. Cards are good for all, but having multiple cards are only for big earner and spenders. We small spenders only 1-2cards
@@jonachan2865 I have about 8 cards, and I am not a big spender. There are strategies in the way you use (or don't use) cards. Some of my cards are not even used for spending at all, but I keep them because they have other benefits (eg: My SAFRA membership card is a DBS Credit card. No need to pay annual fees, and I use it to enter the pool).
@@watchtherapy1068 He no longer travels since he retired, and he recently discovered he has miles to redeem. When his friend informed him about the miles, I mentioned that I wanted an iPad.
This video failed to include the psychological side of spending, and if these reward programs are actually making you spend more than you otherwise would just to get the reward. If it wasn't lucrative to the businesses, these reward programs wouldn't exist.
Wow! S'poreans are spending more because they're very rich indeed. Many thanks to the PAP govt for bringing them wealth by means of high-paying jobs. Awesome PAP!❤❤
Not all of them, I'm poor despite being a Singaporean. Monthly spend with my husband is $400-600(transport and food) . We don't have house on top of that. I don't know how I'm gonna survive when my bto comes
Heavy consumerism, not so much scamming. So minimalists may not like it. essentially money circulation still needs to take place to ensure the economy goes
