Financial Management for NS Men

Posted by admin
on October 21, 2014

For most Singaporean men, National Service(NS) is mandatory and there will come a time in your life when you will have to undergo basic military training (BMT) and go through many months of serving in the army. For many, NS is also where you earn your first allowance. While it may not be a huge sum, it can be quite exciting to finally earn your own keep.

When you receive your first earnings, many thoughts would be running through your mind. You will wonder how you should spend the money, maybe splurge it all at once since you do not really need it, being in camp most of the time.

Before spending it all because you think you have no need for it since you are taken care of in camp, perhaps you would like to consider saving most of it up for the same reason. Since you have no need for it, using it would mean you will be spending it on unnecessary items and wasting most of it. While it may not be a lot, saving it bit by bit can amount to quite a good sum by the time you complete your national service! Of course, a reward once in a while is good for you and you should not scrimp on that.

Here are some tips that can help you save money or get even more money to save:

  • You will be issued an NSF EZ-Link card which gives you concession when you travel via public buses or MRT trains. This really helps to save you a substantial amount of money. Try as much as possible to make use of your concession rates and not rely on cabbing everywhere you go.
  • Since you are already heavily training your fitness in camp, maintain it and surpass it. This helps you do well for you IPPT and it means that you get monetary incentives when you take your IPPT every year! This is quite a bonus and can come easily if your fitness is being maintained.
  • Weekends are precious because you get to book out of camp. Consider spending time with your family and loved ones at home rather than going out. This definitely saves you lots of money.
  • Always work around your budget and spend within your means.


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