{"id":259447,"date":"2022-09-12T17:38:19","date_gmt":"2022-09-12T09:38:19","guid":{"rendered":"https:\/\/thehoneycombers.com\/singapore\/?p=259447"},"modified":"2022-09-12T17:38:19","modified_gmt":"2022-09-12T09:38:19","slug":"managing-money-singapore","status":"publish","type":"post","link":"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/","title":{"rendered":"Know your financial blind spots: Hazards and challenges to look out for when managing money"},"content":{"rendered":"<p>It isn\u2019t easy to be a working adult in the 21st century. Not only do you have to put food on the table, but you also have to save for a home, a <a href=\"https:\/\/thehoneycombers.com\/singapore\/guide-to-buying-a-car-in-singapore\/\">car<\/a>, and potentially a <a href=\"https:\/\/thehoneycombers.com\/singapore\/wedding-planners-in-singapore\/\">wedding<\/a> and children as well. We know the struggles, and we\u2019re here to help you succeed by pointing out common financial blind spots you might miss when managing money.<\/p>\n<p>These life events can sabotage your money-saving efforts \u2013 leaving you with little or no change to spare. Whether you\u2019ve just gotten your first paycheck, or are well on your way to saving your first <a href=\"https:\/\/thehoneycombers.com\/singapore\/how-to-save-100k-by-30\/\">$100k by the time you\u2019re 30<\/a>, this is what you should be looking out for.<\/p>\n<h2>Financial blind spots to know when managing money<\/h2>\n<h3>1. When life is a series of unfortunate events<\/h3>\n<figure id=\"attachment_259455\" aria-describedby=\"caption-attachment-259455\" style=\"width: 900px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-medium wp-image-259455 lazyload\" data-src=\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Jonnica-Hill-via-Unsplash-900x643.jpg\" alt=\"managing money\" width=\"900\" height=\"643\" data-srcset=\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Jonnica-Hill-via-Unsplash-900x643.jpg 900w, https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Jonnica-Hill-via-Unsplash-768x548.jpg 768w, https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Jonnica-Hill-via-Unsplash.jpg 1396w\" data-sizes=\"(max-width: 900px) 100vw, 900px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 900px; --smush-placeholder-aspect-ratio: 900\/643;\" \/><figcaption id=\"caption-attachment-259455\" class=\"wp-caption-text\">Photography: Jonnica Hill via Unsplash<\/figcaption><\/figure>\n<p>In childhood, we\u2019re fed pretty wholesome tales about how we all live to a hundred. But the truth is, life is unpredictable and can be cut short anytime. We\u2019re all vulnerable \u2013 whether we\u2019re at the tender age of 25 or on the cusp of 70.<\/p>\n<p>A bad accident can affect your ability to work, and hospital bills can pile up when you\u2019re struck with a critical illness. Did you know that cancer and heart disease are the top causes of death among Singaporean adults between the ages of 15 to 59? Even if death isn&#8217;t on the cards, it can cost you anywhere from a few hundred to a thousand per night to be hospitalised. Ouch.<\/p>\n<p>That\u2019s why, aside from managing money well, you\u2019ve gotta make sure all your <a href=\"https:\/\/thehoneycombers.com\/singapore\/insurance-policies-singapore\/\">must-have insurance policies<\/a> are in place. This can help you cover costs, plus give you peace of mind that your family will have some money to tide them through if anything happens to you.<\/p>\n<h3>2. Tiring of the retirement chat<\/h3>\n<figure id=\"attachment_259456\" aria-describedby=\"caption-attachment-259456\" style=\"width: 900px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-medium wp-image-259456 lazyload\" data-src=\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Sven-Mieke-via-Unsplash-900x643.jpg\" alt=\"managing money\" width=\"900\" height=\"643\" data-srcset=\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Sven-Mieke-via-Unsplash-900x643.jpg 900w, https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Sven-Mieke-via-Unsplash.jpg 1400w, https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Sven-Mieke-via-Unsplash-768x549.jpg 768w, https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Sven-Mieke-via-Unsplash-1536x1097.jpg 1536w\" data-sizes=\"(max-width: 900px) 100vw, 900px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 900px; --smush-placeholder-aspect-ratio: 900\/643;\" \/><figcaption id=\"caption-attachment-259456\" class=\"wp-caption-text\">Photography: Sven Mieke via Unsplash<\/figcaption><\/figure>\n<p>The current retirement age in Singapore is 62 or 63. But that feels so far away when you\u2019re only in your early twenties. It can be tough to fathom why this is a financial blind spot you\u2019ve gotta plan for. Especially when you\u2019re only starting to grapple with things like <a href=\"https:\/\/thehoneycombers.com\/singapore\/rent-or-buy-house-property-singapore\/\">getting your first HDB flat<\/a> or buying your first car.<\/p>\n<p>But, it\u2019s important to remember that costs won\u2019t just include your daily living expenses and rent. At the age of 60, you may have additional healthcare costs and expenses to upkeep. That&#8217;s why we recommend starting to <a href=\"https:\/\/thehoneycombers.com\/singapore\/how-to-save-money-tips-singapore\/\">save right now<\/a> if you want to have a relaxing retirement. You may want to speak to your financial planner to discuss your retirement plan and look into some safe investments to help you beat inflation.<\/p>\n<h3>3. Having nowhere to run on a rainy day<\/h3>\n<figure id=\"attachment_259457\" aria-describedby=\"caption-attachment-259457\" style=\"width: 900px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-medium wp-image-259457 lazyload\" data-src=\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Josh-Appel-via-Unsplash-900x643.jpg\" alt=\"managing money\" width=\"900\" height=\"643\" data-srcset=\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Josh-Appel-via-Unsplash-900x643.jpg 900w, https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Josh-Appel-via-Unsplash.jpg 1400w, https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Josh-Appel-via-Unsplash-768x549.jpg 768w, https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Josh-Appel-via-Unsplash-1536x1097.jpg 1536w\" data-sizes=\"(max-width: 900px) 100vw, 900px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 900px; --smush-placeholder-aspect-ratio: 900\/643;\" \/><figcaption id=\"caption-attachment-259457\" class=\"wp-caption-text\">Photography: Josh Appel via Unsplash<\/figcaption><\/figure>\n<p>It\u2019s not uncommon for most people to consider a <a href=\"https:\/\/thehoneycombers.com\/singapore\/career-change\/\">mid-career switch<\/a> or start a business of their own these days. We stan someone who\u2019s brave enough to take charge of their destiny and be their own boss. But don\u2019t make the big boo-boo of making risky decisions before ensuring you\u2019ve got enough savings to fall back on.<\/p>\n<p>The rule of thumb? You\u2019ve gotta have six months\u2019 worth of living expenses set aside for a rainy day. Otherwise, your exciting new venture could result in a huge financial crash if things don\u2019t go as you anticipate.<\/p>\n<h3>4. Forgetting it\u2019s not all about you<\/h3>\n<figure id=\"attachment_259459\" aria-describedby=\"caption-attachment-259459\" style=\"width: 900px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-medium wp-image-259459 lazyload\" data-src=\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Danie-Franco-via-Unsplash-900x643.jpg\" alt=\"managing money\" width=\"900\" height=\"643\" data-srcset=\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Danie-Franco-via-Unsplash-900x643.jpg 900w, https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Danie-Franco-via-Unsplash.jpg 1400w, https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Danie-Franco-via-Unsplash-768x549.jpg 768w, https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Danie-Franco-via-Unsplash-1536x1097.jpg 1536w\" data-sizes=\"(max-width: 900px) 100vw, 900px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 900px; --smush-placeholder-aspect-ratio: 900\/643;\" \/><figcaption id=\"caption-attachment-259459\" class=\"wp-caption-text\">Photography: Danie Franco via Unsplash<\/figcaption><\/figure>\n<p>When we plan for the future, we usually focus on ourselves. But we\u2019ve gotta remember that we may have other dependents to care for. Example numero uno \u2013 ageing parents. When managing money, be sure to take into account any additional expenses that might come with caring for the elderly.<\/p>\n<p>Sure, your parents might have their own retirement fund in the future. But that may not prepare them well enough for things that old age can bring, such as dementia or disability. You may need to consider nursing homes, caregivers and more. That can take a huge chunk out of your savings (approximately $1,000 to $3,000 a month), especially if you don\u2019t qualify for any subsidies. Look into this early or discuss an action plan with your parents to help everyone prepare.<\/p>\n<h3>5. Letting inflation whoop you in the butt<\/h3>\n<figure id=\"attachment_259460\" aria-describedby=\"caption-attachment-259460\" style=\"width: 900px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-medium wp-image-259460 lazyload\" data-src=\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Towfiqu-Barbhuiya-via-Unsplash-900x643.jpg\" alt=\"managing money \" width=\"900\" height=\"643\" data-srcset=\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Towfiqu-Barbhuiya-via-Unsplash-900x643.jpg 900w, https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Towfiqu-Barbhuiya-via-Unsplash-1400x1000.jpg 1400w, https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Towfiqu-Barbhuiya-via-Unsplash-768x548.jpg 768w, https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-financial-blindspots-Towfiqu-Barbhuiya-via-Unsplash.jpg 1501w\" data-sizes=\"(max-width: 900px) 100vw, 900px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 900px; --smush-placeholder-aspect-ratio: 900\/643;\" \/><figcaption id=\"caption-attachment-259460\" class=\"wp-caption-text\">Photography: Towfiqu Barbhuiya via Unsplash<\/figcaption><\/figure>\n<p>The biggest mistake you can make in any financial planning process is not investing your moolah. When you leave money resting in your bank account with low interest rates, it begins to depreciate because of inflation. Just think about how our parents used to be able to buy a bowl of noodles for 10 cents, whereas we fork out $3 to $4 now. That $5,000 in your bank account today won\u2019t have the same value in 10 years.<\/p>\n<p>You don\u2019t want to slog your life away only to realise your efforts were for nought. If you\u2019re worried about where and how to start investing, speak to your financial planner or advisor. They can tailor a plan for you depending on your appetite for low or high-risk investments. This keeps you ahead of the curve so you won\u2019t get blindsided by inflation.<\/p>\n<p>Remember: when you&#8217;re looking into the best ways to manage your money, don\u2019t let these financial blind spots catch you off guard.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It isn\u2019t easy to be a working adult in the 21st century. Not only do you have to put food on the table, but you also have to save for a home, a car, and potentially a wedding and children as well. We know the struggles, and we\u2019re here to help you succeed by pointing [&hellip;]<\/p>\n","protected":false},"author":107571,"featured_media":259454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false},"categories":[137317],"tags":[145606,145607],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v23.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Managing money: Don\u2019t make these 5 mistakes | Honeycombers<\/title>\n<meta name=\"description\" content=\"From unexpected critical illnesses to big career risks, we share what you don\u2019t want to be surprised by when managing money.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Know your financial blind spots: Hazards and challenges to look out for when managing money\" \/>\n<meta property=\"og:description\" content=\"It isn\u2019t easy to be a working adult in the 21st century. Not only do you have to put food on the table, but you also have to save for a home, a car, and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/\" \/>\n<meta property=\"og:site_name\" content=\"Honeycombers Singapore\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/thehoneycombers\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-12T09:38:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-Karolina-Grabowska-via-Pexels.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1568\" \/>\n\t<meta property=\"og:image:height\" content=\"1120\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samantha Yeo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@honeycombers\" \/>\n<meta name=\"twitter:site\" content=\"@honeycombers\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samantha Yeo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/\"},\"author\":{\"name\":\"Samantha Yeo\",\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/#\/schema\/person\/f81f5911d363289544d3147b8972f689\"},\"headline\":\"Know your financial blind spots: Hazards and challenges to look out for when managing money\",\"datePublished\":\"2022-09-12T09:38:19+00:00\",\"dateModified\":\"2022-09-12T09:38:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/\"},\"wordCount\":931,\"publisher\":{\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/#organization\"},\"image\":{\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-Karolina-Grabowska-via-Pexels.jpg\",\"keywords\":[\"financial planning\",\"money management\"],\"articleSection\":[\"Work &amp; Money\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/\",\"url\":\"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/\",\"name\":\"Managing money: Don\u2019t make these 5 mistakes | Honeycombers\",\"isPartOf\":{\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-Karolina-Grabowska-via-Pexels.jpg\",\"datePublished\":\"2022-09-12T09:38:19+00:00\",\"dateModified\":\"2022-09-12T09:38:19+00:00\",\"description\":\"From unexpected critical illnesses to big career risks, we share what you don\u2019t want to be surprised by when managing money.\",\"breadcrumb\":{\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/#primaryimage\",\"url\":\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-Karolina-Grabowska-via-Pexels.jpg\",\"contentUrl\":\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-Karolina-Grabowska-via-Pexels.jpg\",\"width\":1568,\"height\":1120,\"caption\":\"Photography: Karolina Grabowska via Pexels\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thehoneycombers.com\/singapore\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Know your financial blind spots: Hazards and challenges to look out for when managing money\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/#website\",\"url\":\"https:\/\/thehoneycombers.com\/singapore\/\",\"name\":\"Honeycombers\",\"description\":\"Restaurants, Bars, Fashion, Style and Things to Do in Singapore\",\"publisher\":{\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thehoneycombers.com\/singapore\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/#organization\",\"name\":\"Honeycombers\",\"url\":\"https:\/\/thehoneycombers.com\/singapore\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/03\/honeycombers-hex-logo.png\",\"contentUrl\":\"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/03\/honeycombers-hex-logo.png\",\"width\":1000,\"height\":1000,\"caption\":\"Honeycombers\"},\"image\":{\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/thehoneycombers\/\",\"https:\/\/x.com\/honeycombers\",\"https:\/\/www.instagram.com\/honeycombers\/\",\"https:\/\/www.linkedin.com\/company\/honeycombers\",\"https:\/\/www.tiktok.com\/@thehoneycombers\"],\"email\":\"hello@thehoneycombers.com\",\"legalName\":\"Honeycombers Pte. Ltd.\",\"vatID\":\"201317004K\",\"taxID\":\"201317004K\",\"publishingPrinciples\":\"https:\/\/thehoneycombers.com\/singapore\/about-us\/\",\"ethicsPolicy\":\"https:\/\/thehoneycombers.com\/singapore\/about-us\/\",\"diversityPolicy\":\"https:\/\/thehoneycombers.com\/singapore\/about-us\/\",\"diversityStaffingReport\":\"https:\/\/thehoneycombers.com\/singapore\/about-us\/\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/#\/schema\/person\/f81f5911d363289544d3147b8972f689\",\"name\":\"Samantha Yeo\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/thehoneycombers.com\/singapore\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d9eafcc8e8481f3e021022636ae4fa77?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d9eafcc8e8481f3e021022636ae4fa77?s=96&d=mm&r=g\",\"caption\":\"Samantha Yeo\"},\"description\":\"Samantha likes her lattes iced and her puns intended. A huge foodie and animal lover; coffee and dogs fuel her exponentially ageing soul.\",\"url\":\"https:\/\/thehoneycombers.com\/singapore\/author\/samanthayeo\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Managing money: Don\u2019t make these 5 mistakes | Honeycombers","description":"From unexpected critical illnesses to big career risks, we share what you don\u2019t want to be surprised by when managing money.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/","og_locale":"en_GB","og_type":"article","og_title":"Know your financial blind spots: Hazards and challenges to look out for when managing money","og_description":"It isn\u2019t easy to be a working adult in the 21st century. Not only do you have to put food on the table, but you also have to save for a home, a car, and","og_url":"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/","og_site_name":"Honeycombers Singapore","article_publisher":"https:\/\/www.facebook.com\/thehoneycombers\/","article_published_time":"2022-09-12T09:38:19+00:00","og_image":[{"width":1568,"height":1120,"url":"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-Karolina-Grabowska-via-Pexels.jpg","type":"image\/jpeg"}],"author":"Samantha Yeo","twitter_card":"summary_large_image","twitter_creator":"@honeycombers","twitter_site":"@honeycombers","twitter_misc":{"Written by":"Samantha Yeo","Estimated reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/#article","isPartOf":{"@id":"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/"},"author":{"name":"Samantha Yeo","@id":"https:\/\/thehoneycombers.com\/singapore\/#\/schema\/person\/f81f5911d363289544d3147b8972f689"},"headline":"Know your financial blind spots: Hazards and challenges to look out for when managing money","datePublished":"2022-09-12T09:38:19+00:00","dateModified":"2022-09-12T09:38:19+00:00","mainEntityOfPage":{"@id":"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/"},"wordCount":931,"publisher":{"@id":"https:\/\/thehoneycombers.com\/singapore\/#organization"},"image":{"@id":"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/#primaryimage"},"thumbnailUrl":"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-Karolina-Grabowska-via-Pexels.jpg","keywords":["financial planning","money management"],"articleSection":["Work &amp; Money"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/","url":"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/","name":"Managing money: Don\u2019t make these 5 mistakes | Honeycombers","isPartOf":{"@id":"https:\/\/thehoneycombers.com\/singapore\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/#primaryimage"},"image":{"@id":"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/#primaryimage"},"thumbnailUrl":"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-Karolina-Grabowska-via-Pexels.jpg","datePublished":"2022-09-12T09:38:19+00:00","dateModified":"2022-09-12T09:38:19+00:00","description":"From unexpected critical illnesses to big career risks, we share what you don\u2019t want to be surprised by when managing money.","breadcrumb":{"@id":"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/#primaryimage","url":"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-Karolina-Grabowska-via-Pexels.jpg","contentUrl":"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/09\/managing-money-Karolina-Grabowska-via-Pexels.jpg","width":1568,"height":1120,"caption":"Photography: Karolina Grabowska via Pexels"},{"@type":"BreadcrumbList","@id":"https:\/\/thehoneycombers.com\/singapore\/managing-money-singapore\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thehoneycombers.com\/singapore\/"},{"@type":"ListItem","position":2,"name":"Know your financial blind spots: Hazards and challenges to look out for when managing money"}]},{"@type":"WebSite","@id":"https:\/\/thehoneycombers.com\/singapore\/#website","url":"https:\/\/thehoneycombers.com\/singapore\/","name":"Honeycombers","description":"Restaurants, Bars, Fashion, Style and Things to Do in Singapore","publisher":{"@id":"https:\/\/thehoneycombers.com\/singapore\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thehoneycombers.com\/singapore\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/thehoneycombers.com\/singapore\/#organization","name":"Honeycombers","url":"https:\/\/thehoneycombers.com\/singapore\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/thehoneycombers.com\/singapore\/#\/schema\/logo\/image\/","url":"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/03\/honeycombers-hex-logo.png","contentUrl":"https:\/\/static.thehoneycombers.com\/wp-content\/uploads\/sites\/2\/2022\/03\/honeycombers-hex-logo.png","width":1000,"height":1000,"caption":"Honeycombers"},"image":{"@id":"https:\/\/thehoneycombers.com\/singapore\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/thehoneycombers\/","https:\/\/x.com\/honeycombers","https:\/\/www.instagram.com\/honeycombers\/","https:\/\/www.linkedin.com\/company\/honeycombers","https:\/\/www.tiktok.com\/@thehoneycombers"],"email":"hello@thehoneycombers.com","legalName":"Honeycombers Pte. Ltd.","vatID":"201317004K","taxID":"201317004K","publishingPrinciples":"https:\/\/thehoneycombers.com\/singapore\/about-us\/","ethicsPolicy":"https:\/\/thehoneycombers.com\/singapore\/about-us\/","diversityPolicy":"https:\/\/thehoneycombers.com\/singapore\/about-us\/","diversityStaffingReport":"https:\/\/thehoneycombers.com\/singapore\/about-us\/"},{"@type":"Person","@id":"https:\/\/thehoneycombers.com\/singapore\/#\/schema\/person\/f81f5911d363289544d3147b8972f689","name":"Samantha Yeo","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/thehoneycombers.com\/singapore\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d9eafcc8e8481f3e021022636ae4fa77?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d9eafcc8e8481f3e021022636ae4fa77?s=96&d=mm&r=g","caption":"Samantha Yeo"},"description":"Samantha likes her lattes iced and her puns intended. A huge foodie and animal lover; coffee and dogs fuel her exponentially ageing soul.","url":"https:\/\/thehoneycombers.com\/singapore\/author\/samanthayeo\/"}]}},"_links":{"self":[{"href":"https:\/\/thehoneycombers.com\/singapore\/wp-json\/wp\/v2\/posts\/259447"}],"collection":[{"href":"https:\/\/thehoneycombers.com\/singapore\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thehoneycombers.com\/singapore\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thehoneycombers.com\/singapore\/wp-json\/wp\/v2\/users\/107571"}],"replies":[{"embeddable":true,"href":"https:\/\/thehoneycombers.com\/singapore\/wp-json\/wp\/v2\/comments?post=259447"}],"version-history":[{"count":3,"href":"https:\/\/thehoneycombers.com\/singapore\/wp-json\/wp\/v2\/posts\/259447\/revisions"}],"predecessor-version":[{"id":259465,"href":"https:\/\/thehoneycombers.com\/singapore\/wp-json\/wp\/v2\/posts\/259447\/revisions\/259465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thehoneycombers.com\/singapore\/wp-json\/wp\/v2\/media\/259454"}],"wp:attachment":[{"href":"https:\/\/thehoneycombers.com\/singapore\/wp-json\/wp\/v2\/media?parent=259447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thehoneycombers.com\/singapore\/wp-json\/wp\/v2\/categories?post=259447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thehoneycombers.com\/singapore\/wp-json\/wp\/v2\/tags?post=259447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}