Jurong West Licensed Moneylender

Are you currently living in Jurong West and in search of a licensed moneylender? Well, unfortunately, there is no licensed money lender in Jurong West now. But! There is a great money lender in Jurong East. Just exactly who is this awesome moneylender? That’s us! Quick Credit Pte Ltd.

We know we are the best because of all the feedback we have receiving from all our clients. And by how many people they are referring to us. We are not bragging but simply telling the truth 😉

Right now we are providing most of our clients a monthly repayment loan. We strongly encourage everyone to opt for a monthly payment scheme. Why is this so? Because you are only getting your salary once a month, how are you supposed to service a weekly or bi-weekly payment loan? This is a different case for people who are being paid weekly. If you are being paid weekly and are confident in making the necessary payments every week, go for it! By doing so, you are in a way ensuring that you make the necessary payment every week.

If you are not sure which type of loan scheme you should take, don’t be shy, call us +65 6899 6188. We will answer any question that you have with regard to loans and taking a loan from us. If you like to visit us, our address is 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601.

 

6 Reasons Why You Overspend

Are you one of those people who end up with an empty wallet and bank account before the month-end? If yes, did you try to figure out why do you face this issue? It may probably because you are overspending and splurging on not-so-important things. If you are wondering about the actual reason behind this habit, here are some of the emotions or triggers that lead to this issue.

1.    Mood Swings

The mood is often the biggest reason why people end up spending a lot. Excess happiness or stress triggers the mind, and the person can’t help but spend on everything they may or may not want. Boredom is another common trap that can lead to overspending. You may love meandering through shops on a weekend just to “kill time,” but the problem is that you usually end up spending money you’d hadn’t planned on spending. It’s easy to convince yourself that you need a dress for an upcoming event even though you have five perfectly fine ones at home when you are nervous or confused. At the moment, it’s not always easy to decipher between wants and needs. Sometimes, even if you go inside a store with a plan, the temptation is hard to resist, and it becomes easy to justify extra purchases. The same thing happens if you shop for groceries hungry, as you’ll likely buy snacks that you don’t need, but look appealing at the moment. All these emotions play a role and make you an impulsive buyer forced by your emotions and not your needs.

2.   Self Justification

A lot of people say or think “since it’s more expensive, I will use it more often!” If you are someone who likes to use this excuse, check with yourself before purchasing an expensive item. Would I still use it as many times if it wasn’t expensive? It is likely that your answer is no because you are forcing yourself to utilize what you bought, just to not feel guilty about splurging. Just think, how many times have you used the extra new functions on your upgraded phone? How often did you use your smartwatch too? The reasoning behind your past purchases will make you think twice before making expensive purchases.

3.   The Sale Buying

Well, who doesn’t like seeing the “Sale” tag on their favorite brand store? We all do, right. We all wait for sales, and that’s when we shop like there’s no tomorrow. Even if we enter a store with a set budget in mind, we end up buying extra when in the process. The slashed prices and offers can easily lure any buyer. And this applies to online shopping as well. Thanks to a host of daily-deal and flash-sale websites, you can buy everything from groceries to designer goods to weekend getaways all without leaving home. And once you do, those retailers will try to score repeat business by emailing you often about sales on items you weren’t even shopping for in the first place. When you get a good deal, you feel like you’ve won the game. Knowing that other people paid full price for something you could score for a fraction of the cost makes it hard to resist.

4.   Shopping Addiction Disorder

Shopping addiction is characterized as an impulse-control disorder. This disorder exists along a continuum. There are excessive shoppers, and there are compulsive shoppers. They buy things they do not need and often cannot afford, and place their work, their families, and their mental health in jeopardy. Some of those people who end up in bankruptcy are binge buyers, suffering from a disease similar to alcoholism. The most effective first step for treatment is to identify why and how your shopping initially became a problem. Experts suggest starting a journal to keep track of your triggers.

5.   The Vacation Mode

When you’re on a trip, you feel like you’re on holiday from real life, so you aren’t as practical about finances as usual. Add to that the fact that you’re surrounded by overpriced tourist traps, and you have the makings of the perfect, budget-sabotaging storm. Being on vacation gives you a license to relax – physically, mentally and financially. It’s easy to get carried away with that feeling. You should be able to indulge a bit more than usual on holidays while keeping some restraints in place.

6.   Low on Willpower

Willpower refers to effortful control that is exerted with the purpose of controlling our impulsive behavior. Willpower can be viewed as a resource. When resources are depleted, people tend to act on impulse and are more likely to be swayed by desires, urges, and cravings, although they may regret them in the long run. This insight suggests that shoppers who are distracted by music or displays will likely increase impulse purchases. In contrast, being deliberate allows one to see the overall context and be less concerned with sensation.

The best way to save money and control overspending is to take charge of your emotions and habits. Keep a check on yourself and your emotions whenever you feel like any unnecessary expenses. Indulge yourself in healthier activities like yoga, exercises, or some kind of art that will keep you occupied and help you divert your mind when you are emotionally overwhelmed. Lastly, keep track of your financial situation and keep going back to your bank balance so that you feel the pinch of losing money due to overspending.