Ways to save and invest for the kid’s future

The following are some excellent money-saving tips for families. Purchasing new clothing and shoes for children at thrift stores is a waste of money.
Concentrating on food costs and figuring out ways to save money while raising a family can appear difficult, even more so when food prices continue to rise. However, if you have a single child or a growing brood, it’s worthwhile to consider ways to save money on family expenses. This family has some simple money-saving tips for families, from shopping at consignment shops, thrift stores, and yard sales to hosting clothing swaps.
It is critical for you and your family to be resilient, which is why you should consider these money-saving tips. Learn how to budget your resources and gain access to a variety of money-saving tips. Two strategies for reducing family expenses are to structure your family’s eating habits and to meal plan.

If you’ve been looking for ways to save money and reduce your monthly expenses, now is the time to dig a little deeper. Let’s explore a few practical ways to save money and get more done with a positive attitude and a practical approach.

Once you’ve begun saving, place your funds in a high-yield savings account or cash deposit. These savings are easily convertible to assets and can be used to supplement an emergency fund.

You accumulate income over time and allocate it to the various income categories. Essentially, you allocate funds in your household to savings and debt repayment.

Once you’ve determined how long it will take to fund your emergency fund, create a mini-emergency fund of one month’s expenses. You can prioritize paying off high-interest debt in the short term to free up additional cash flow and reserving the remainder of your emergency fund.

One way to deposit money into your emergency fund is to use your internet banking account at the beginning of each month when you receive your paycheck. Maintain this to ensure that the money in your emergency account is not used for everyday expenses.

We recommend that self-employed individuals with variable incomes save at least 12 months’ worth of living expenses, as it’s difficult to forecast monthly income and unexpected expenses. If you are an entry-level worker or currently employed, saving three months’ worth of “expenses” is a good place to start. Mr Tan was supported for six months by an emergency fund of $1,820 and 6% by a fund of $10,920.

We recommend starting with a minimum of $500 in an emergency fund, sufficient to cover and accumulate small expenses such as repairs. You’ll be in a good position if you’ve built up an emergency fund, disposed of legacy items, and contributed at least 15% to a retirement fund. There is some wiggle room if you are short on funds and wish to save for personal expenses but not for an emergency fund or pension.

If you are in legal trouble, debt collectors are knocking at your door, or you are facing bankruptcy, you have permission to set aside money for an emergency. If the situation is not life-threatening, you can wait a few months. If you default on a loan, use the emergency fund to avoid spiraling into debt.

There is no limit to the amount you can set aside, but having too much of a good thing is a bad thing, and your emergency fund can be used for some beneficial purposes. You may use it for any emergency or unplanned purpose, which means you will not have time to save it.

The cost of a sizable emergency fund is the interest earned on bonds, trusts, or stocks. If you are an average Singaporean who relies solely on savings, achieving this goal will be difficult. Monthly savings should be invested 70% in a single investment.

“I enjoy earning money and being able to purchase the things I want and travel to the places I dream of; I’m less concerned about losing my job or falling into debt; we live with extended family, so travel costs are a consideration.

To save money, we limit our travel and take advantage of travel cards to earn free hotel stays and plane tickets. Luxury in Singapore is expensive, but if you’re smart, you can follow these strategies to save money in Singapore. We eat out less and spend the same amount on food, but eating out costs more and our budget and waistline swell.

The first thing you need to understand about money is that saving money is how you begin to improve. Keep in mind that saving money begins with your attitude, so avoid making it a negative feeling, my friends. We are all money minded, and thinking and saving money does not have to come from negative feelings; it can be beneficial if done with a positive attitude and is practical.

You can use free resources like MoneySense to get a detailed guide to money-saving tips on how to manage your money. Here are some essential money-saving tips to help you build financial resilience and cushion the blow of the unexpected.

Additionally, there are numerous ways in which we can invest our savings.

One way is to purchase properties. In Singapore, we all know that purchasing a condo is a good investment, but sometimes we don’t know how to find the best condo. This requires additional reading and learning from market gurus.

While saving money and paying off debt are both critical financial goals, it can be difficult for people on limited incomes to prioritize. While an emergency fund can help make difficult times a little bit better, there are two types of people who do not use their savings. The first category includes those who are experiencing economic hardship and choose to live off their savings or do not have access to them.

The Singapore Savings Letter is a low-risk investment that outperforms inflation, developed by the Singapore government. It is government-backed and offers a risk-free rate of return that is higher than your CPF.

A Safe Environment For Your New Born Starts From Home: Tips To Baby Proof Your Home

When you bring a baby back home, it’s important to remember one thing: children grow up. Over time, babies go from the crib to the house to learn and explore new things. 

For these reasons, sealing the house is so vital for new or expectant parents. Waterproofing the house is a matter of home safety for your baby now and in the future as he or she grows. While many parts and places in a home may seem innocuous, it’s essential to look at things from a non-adults perspective. 

As an expectant parent, it can be overwhelming to look around your home and see all the small changes that must be made to keep the baby safe. Add an online search for the best baby safety products, and parents can get lost in an endless list of items. If you’re like most new parents, you probably think of the most important baby-proofing list as soon as you bring your new born baby home. 

When it’s time to bring your newborn home, you want to be sure the house is set up to welcome them, and the best time to baby-proof your home is long before the baby arrives. You may already have everything set up and dozens of outlets fitted with baby gates. Still, if you live in an apartment or rental house, there are some exceptional circumstances to consider when it comes to protecting your baby. Here are some very important considerations to keep in mind when buying a rental property. 

Landlords and parents must be willing to work together to find a compromise to protect children from harm and property damage. For families with young children, it is reasonable to ask that babies be secured as much as possible without damage. It is recommended that baby-proofing arrangements begin three months before the due date, but this can take some time. 

For example, I would suggest that tenants use pressure doors in hallways and doors that are difficult to install. Although most safety items for toddlers and babies are alternatives that do not require hard installation, keep in mind that pressure doors will not prevent a toddler from falling down the stairs. Another requirement would be that tenants use a lock on cabinet doors that sticks to the handle and does not screw. 

To protect the little ones in your home, put a baby gate at the top of the stairs and not at the bottom, especially if you are trying to prevent them from going up or down. Make sure the gate is secured with a solid lock that cannot be opened by a toddler. If parental control is required in the stairwells, allow your tenants with young children to install baby gates at the top of the stairwells at their own expense. 

Once your new guest is in your home, pay close attention to your cleaning supplies. Keep all drawers and cabinets in your kitchen locked and secured with special baby-proof locks. While you’re cleaning or cooking, put together your baby areas like a pack-and-play or baby swing. 

Baby-proof locks are a great tool for low cabinets that hold cleaning supplies like dishwashing detergent. Keep a watchful eye on your baby, as they may learn to open them if there is anything else in the house besides cleaning supplies. Alex Lund from SafeKids says the preferred type of lock they install is the “catch-on-the-hook” style, and they are available on the market. 

If your lease says you can’t screw the baby gate to the wall, it’s time to talk to your landlord. To avoid a tragedy, you need to ask permission to screw the gate on and secure it. 

Remember that there are two types of baby gates that prevent baby access to hallways, rooms, stairs, and pet areas. When looking at gate options, think about other areas you don’t want your baby crawling into, such as pet areas, kitchen, laundry room, and utility room, and ask permission for each area. Baby gates allow you to block stairs, create a restricted area, partition off entire rooms, or lock your baby in a safe space. Use your multi-panel or hinged baby gate to create an enclosed play area, open it up, or expand it for an extra-wide entrance. You can pick the right baby gate based on the size of your home and your child’s needs and abilities. 

When I purchased my house over a year ago, a baby was a hopeful thought for my husband, but not a reality. The silver lining in a stressful year was that my husband and I could plan our new home with baby safety as our top priority. From kitchen cabinets to outlet covers, learn how to baby-proof the essential rooms in your home to make them protected for babies and toddlers. 

To make the best baby-proofing choices for my growing family, I turned to home design and safety experts to help me with my plans. I worked with a designer from Modsy, a virtual interior design company, who helped me design my open living and dining room. In addition to the renovation decisions, we also had to think about how safe our home would be for a curious baby and toddler who will surely try to find their way into closets and cabinets. 

I spoke to the team at Poison Control to learn about some of the most significant health and safety risks in homes. Our checklist tells you what to do and how to make your home safer for your baby or toddler. The Consumer Product Safety Commission tells today’s parents that 90% of children drown in Singapore homes each year. This makes everything more important to lock bathroom doors, cover toilets, and secure them with childproof locks. 

There will be a day when your toddler discovers to open doors with doorknobs. The National Safety Council recommends using a doorknob cover to prevent problems before they start. We all have those bizarre doorknobs and baby-proof surfaces that seem to fit, but they don’t stay locked when you flip them over. 

The ideal solution would be to reinstate the current window treatment, but cordless blinds are a quick and temporary fix because they keep the cord out of reach.

Factors To Prevent For A Favourable Pregnancy

Pregnancy is a transitional time with important mental and emotional changes. Even in uncomplicated situations, these changes can affect the quality of life of pregnant women, affecting maternal and fetal health. This study aimed to describe QOL during uncomplicated pregnancy and assess the associated sociodemographic, physical, and psychological factors in developed countries.

Methods

A systematic review was conducted in accorded PRISMA guidelines. Searches were born in the public health database, EMBASE, BDSP and WHO. Two independent reviewers extracted the data. The level of the articles was assessed using the criteria of STROBE.

Results

A total of thirty-seven articles were included. While the physical component of quality of life decreased during pregnancy, the psychological element was stable and even showed improvement during pregnancy. The main factors associated with better quality of life were:

  • Maternal mean age.
  • Primiparity.
  • Early gestational age.
  • Lack of social and economic problems.
  • Having family and friends.
  • Being physically active.
  • Feeling happy.
  • Being pregnant.
  • Being optimistic.

Main factors associated with quality of life were medically poor living environment, complications before or during pregnancy, obesity, nausea and vomiting, epigastralgia, back pain, smoking in the months before conception, a history of alcohol dependence, sleep disorders, stress, anxiety, depression during pregnancy, and sexual or domestic violence.

Unfavourable pregnancy outcomes due to environmental factors may include congenital anomalies, increased risk of miscarriage, preterm birth, intrauterine growth restriction, and stillbirth. Apart from adverse pregnancy outcomes, there may also be effects on other reproductive functions such as menstrual irregularities and infertility. Environmental factors associated with adverse pregnancy outcomes include smoking, video screens, anaesthetic gasses, antineoplastic drugs, and exposure to lead, selenium, and inorganic mercury. Among these, cigarette smoking during pregnancy is the number one environmental factor for adverse pregnancy outcome—smoking when pregnancy continues to be a significant public health problem. Mothers who smoke during pregnancy are twice as likely to give birth to low birth weight (2500 g) baby. Air pollution, pesticides and stress are also associated with low birth weight and preterm birth. This review provides an overview of the importance of environmental factors in adverse pregnancy outcomes.

Conclusions

Health-related quality of life refers to patients’ subjective assessment of physical and mental well-being. Improving the status of pregnant women’s group requires better recognization of their difficulties and counselling that provides support whenever possible.

Background

As reported by the World Health Organization, someone’s quality of life (QOL) is defined by her position in life with value systems in which she lives and concerning his or her goals, expectations, standards, and concerns. It is a very broad concept that can be influenced in the complex, comprehensive physical health of the subject, his psychological state and degree of independence, his social relationships and his relationship with the essential elements of his environment” [1]. Therefore, it is based on several objective factors (related to the quality of the environment and living conditions) and subjective factors (associated with the personal sphere and measurable terms of satisfaction and well-being). A health indicator is an essential component of quality of life is called health-related quality of life.

In Singapore, 87% of Pregnant Mummies believe that living conditions include the place they stay in as it affects social relationships with neighbours, smoking habits of people staying in the same estate and drugs user that might influence their safety. 

Things You Need To Know About Prenatal Care

Pregnancy in Singapore is not just a matter of waiting for birth. It can be a joyful and fulfilling time for some women, both as individuals and as members of society. But it can also be an occasion of misery and suffering if the pregnancy is unwanted or comes at the wrong time, or if complications or adverse circumstances endanger the pregnancy, leading to illness or even death. Pregnancy may be common, but that doesn’t signify that it is trouble-free. Rarely is pregnancy greeted with indifference. 

When pregnancy occurs, women, partners, and families usually experience a mixture of joy, worry. They hope that the result will be the best of everything: a healthy family and a healthy child. All societies strive to make sure that giving birth is indeed a joyful ocassion. They do this by providing adequate prenatal care during pregnancy to promote health and manage problems by taking steps to prevent unwanted pregnancies and ensuring that pregnancies occur in socially and environmentally favourable conditions. 

Women around the world face many injustices during pregnancy. During this crucial time, women rely on the care and assistance of health services and household and community support systems. Exclusion, marginalisation and discrimination can severely affect the health of mothers and their babies.

Essential Components Of Prenatal Care

See your doctor on time and regularly.

If you think you are pregnant or think you might be, the first thing you should do is make an appointment with your doctor. He or she will be able to detect health problems in the mother and baby. He or she will be able to treat health complications during pregnancy.

Begin taking folic acid daily.

Ideally, women should start taking 500 to 800 mg of folic acid three months before becoming pregnant. By doing so, you will reduce the risk of birth defects of the back and leg. A folic acid vitamin is the best and most efficient way to ensure you are getting enough in your diet.

Get any medical conditions under control

Health conditions like asthma, diabetes, high blood pressure, depression and many more should be under control before you try to get pregnant. Talk to your doctor about how to control these conditions and what to expect during pregnancy.

Make sure your vaccine are up to date

When you go to your doctor to prepare your body for pregnancy, ask about any vaccinations that need to be refreshed within the next year. These should be completed before you try to get pregnant.

Stop drug and drinking alcohol

Alcohol and nicotine can be very harmful to your child. Give yourself enough rest to stop smoking and regain a healthy body before you try to get pregnant. Talk to your doctor if you need help quitting and find out about useful resources.

What Is Prenatal Care?

Prenatal care is the health care you receive during pregnancy. It includes a combination of doctor visits, screening and diagnostic tests, ultrasounds, counselling, education, emotional and social support, and foetal monitoring (i.e., monitoring foetal growth, heart rate, maternal blood pressure, and screening for signs of preterm labour).

What to expect during your visits

Here is an overview of everything you can expect during your doctors appointments:

6-12 weeks:  prenatal care begins with an office visit with your OB/GYN or midwife. A detailed test is taken, including a family history of genetic disorders with possible conculsion that include: Ultrasound, pelvic examination, blood count, blood pressure, weight and urine screening for protein and sugar.

12-16 weeks: The second appointment is usually one month after the first appointment. This appointment will most likely include blood pressure cheques, urine screenings, weight recording, and other tests if needed.

18-22 Weeks: If an ultrasound has already been done, then fundal height (FH) will be measured and foetal heart tones (FHT) will be documented. FH is the distance in distance from the pubic bone to the top of the uterus. FHTs are listening to and measuring the foetal heart rate with a handheld device called Foetal birth

22-26 weeks: This appointment is similar to the last one, with a diabetes screen, which can be done starting at 26 weeks. Your doctor may also cheque your hands and leg for swelling.

26-30 Weeks: This appointment is very similar to the last, screening for diabetes if not already done.

28-32 Weeks: Your visits may become more frequent now as you approach delivery. From here until 34 weeks, FH and FHT will be performed at each visit to cheque on the baby.

32-36 Weeks: Cervical exams begin at 36 weeks to cheque the baby’s position in the womb (crown, breech, occiput, etc.)

36-40 weeks: Your appointments become more frequent, and you will be seen every week until about 41 weeks gestation. The visits are routine examinations to cheque the baby’s health, growth, and position, with few additional tests.

One particular factor that affects prenatal care is the living area. Firstly find a location in Singapore that is near hospital or clinics

Secondly make sure that the area you are living in is conducive for pregnancy. You will not want a place where you have to worry going home late at night everyday, or is so noisy that you cannot have proper rest.

We will be talking about how living in a proper residential place can help with pregnancy and prenatal care.