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I bet payment by NETS sounds familiar to you if you live in Singapore.

NETS Is Most Common Mode Of Cashless Payment

Not all shops accept credit cards but almost all shops in Singapore accept NETS as a form of cashless payment.

You can even make bills payment at SAM and AXS machines using NETS.

I rarely make cash payments nowadays unless there isn’t a choice for me to do so.

Since so much money is paid out using NETS, why not find a way to have cashback since the money is meant to be spent anyway.

XtraSaver Account Debit Card

I found out that XtraSaver Account Debit Card offers 0.5% CashBack on all NETS transactions.

This means that I can save 0.5% off anything by using XtraSaver Account Debit Card to pay off the bill through NETS.

0.5% Cashback on S$100 is S$0.50!

S$0.50 is nothing?

These few months, my Singtel UOB Credit Card bill comes up to about S$550 due to some installments payments. I paid off the bill through SAM machines using XtraSaver Account Debit Card and I was able to get about S$2.75 back in Cashback!

Save Money

I had saved S$2.75 off the S$550 bill payment!

It is important to save every cents possible, every cents saved is cents earned!

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After I sold my car a few years back to save money, my main mode of transport is by public transport such as bus and MRT.

It  really is about 10 times cheaper taking public transport, from S$1000 reduced to about S$100 per month. Imagine the amount of money saved just by taking public transport.

However, the transport fare is getting more and more expensive. Recently, Public Transport Council had approved a 1 per cent public transport fare hike which was effective last month on 8th October.

On Friday morning, the PTC announced that from Oct 8, adult card fares for buses and trains will increase by 2 cents per journey.

Senior citizen concessionary fares will increase by 1 cent per journey. There will be no change to child and student concessionary card fares.

On average, the PTC said the fare hike works out to about a rise of 15 cents per week for 85 per cent of commuters.

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My solution to save money on public transport is by using POSB Everyday Card to pay for transport fare.

It is a credit card as well as and ez-link card, by using the EZ-Reload feature which will auto top-up when the fund runs low, you can get 2% back in rebate.

I do not need to worry about the need to top-up the fund when funds run low and get 2% rebate at the same time :)

POSB Everyday Card will remain to be my main way of paying for transport fare until i can find better rebate elsewhere.

Cheers!

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Is it not exciting to know that you can save money on everything that you spend money on?

There are actually multiple ways to do so, however I only stick to one that I am most confortable with.

I can save 2% on all that things that I spend money on by using Standard Chartered XtraSaver Debit Card with comes with their XtraSaver Account.

You might think that 2% is nothing, or an amount too small to bother about it.

But hey, its your money!

Money that you worked your ass off to earn it!

Money Saved Is Money Earned.

The actual amount of money earned is actually the money you are able to save at the month’s end. It is important to realise this fact.

For S$1000 paid using XtraSaver Debit Card, you get back S$20 cash back at the end of the month.

Compare this with S$1000 saved in a POSB savings account, which offers only 0.05% p.a. interest, you get S$0.04 per month!

Nowadays, all my expenses are concentrated on this card as it gives me 2% cashback automatically, it beats all other cards because I don’t need to get headaches about what things to redeem.

Save money, Be happy.

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