Round 3 results 

$100 Prize:
The fresh grad guide to kick start your financial planning
Soh Shimei Jacquelyn (ARTIC,TIE)

This entry is left unpublished.


$100 Prize:
Being Money Sensible
Koh Chern Chern (LIB)

Being money sensible means spending within your means. And this takes self-control. It’s all so easy to become addicted to something, be it smoking, drinking, branded goods, cars, etc.

As the saying goes, ‘比上不足,比下有余,’ if you compare with those who have more, you will feel that you don’t have enough, and if you compare with those who have less, you will that that you have extra. We often tend to ‘covet’ perhaps unnecessary things that others have and we don’t. This could fuel the craving of always wanting more. Over time, we could lose control over our ‘cravings’ and this becomes an addiction.

Being addicted means that you no longer have control over the ‘addiction’ – it controls you instead, AND your money.

To prevent this, it’s really important to be able to prioritise our needs and wants. Allocate more money to things we need, and on things that can build ourselves and our loved ones up. Allocate less to our wants and indulgences (we can’t do without some of these too sometimes, to balance our lives!). Allocate, preferably, none, to things that could be harmful, e.g. smoking, etc. It takes self-awareness, planning and discipline, but it should be beneficial in the long run, and we could gain more than we lose.

It’s all in our mind-sets and attitude. Let’s try to be free of addictions and be in full control of where our money goes to!


$100 Prize:
How I saved $20,000 in 3 years?
Dexter Choo Wei Cheong (Diploma in Business Administration)

Just like any other teenager, I started working after my O levels ended. A hefty sum of $1500 was received from my part time jobs. $1500 to a 16 year old kid at that time was a huge sum.

However, poor money management led to all the money being spent just 1 month before my polytechnic term started.

Looking back, I was glad I made that mistake. Since then, I promise to instill the right money habits. I have religiously abided to these rules which allowed me to save $20,000 at the end of my 3 years here.


Right from the start, I analysed my spending patterns, variable expenses and fixed expenses.

Fixed expenses remain the same every month (e.g. Hand Phone Plan, School Fees). Variable expenses include food, entertainment, clothing, and other expenses that may change every month or year. I cut down on my variable expenses till I hit my monthly target.


Recording all my expenses, it helped me plan my budget wisely. I categorize my expenses to sections such as Groceries, Entertainment, Savings, Loan, Travel, etc.

For example, if you are a currently polytechnic student who works during holidays, allocate your money with the fixed expenses first.


I used a marker to assign each category on every envelope. Using small envelopes, it enables me to put them into my wallet. Following my budget plan, I allocated my money accurately. For each designated envelope, I will only spend what is in it.

This practice of discipline will help you save a great deal of money. So what are you waiting for? There is no better time than now to implement this simple 3 step process!


Merit Prize Winners for Round 3

$50 Prizes:
Shanker s/o Maniam (School of Electrical & Electronic Engineering)
Rowell Quek Hui Qi (Diploma in Business Administration)
Tay Jin Ying (Diploma in Computer Engineering)
Tay Wei Fan (Diploma in Optometry)
Chia Kylie (Library)
Muhammad Fairuz bin Jaafar and Teo Tze Hurn (Diploma in Infocomm Security Management)