INFOGRAPHIC: 9 Ways to Go Broke on the Way to Work

When it comes to losing money, you never see it coming. Here are the small disasters that can happen on the way to work, how much they'll cost, and how you can prevent them.

There are many ways you can lose money on the way to work. And when these unexpected events happen, you're going to look at your bank account in despair.

Besides being more careful, you'll do well to put more money into your rainy day fund - or start one, if you haven't already.

Damaged Smartphone

Costs: S$80 to S$250 in repair bill, or around S$1,000 if it breaks completely

Tip: Phone insurance can cover the whole cost. It's just 18 cents a day!

Forgetting Your Laptop

Costs: Around S$2,000. Logged into your accounts? Then cost could be over four times your monthly income (identity theft).

Tip: Don't stay logged in to your accounts, EVER. Don't load credit card details into your computer!

Cheap, Dubious Breakfast

Costs: S$3, or S$50 to S$5,000 if you fall really ill

Tip: In good health? Don't assume you won't need insurance anytime soon. Huge medical costs can happen at ANY time.

One Cigarette Pack a Day

Costs: S$3,445 per annum, or approx. S$120,000 per annum if you get cancer

Tip: The smokers' social circle isn't worth that much.

Italian Leather Dress Shoes

Costs: S$300 to S$500

Tip: Wait until you get to the office before slipping into the expensive shoes.

Replacement Spectacles

Costs: S$120 to S$200

Tip: Sometimes the frames have warranties. Don't be too quick to chuck all the little receipts in the bin.

Wasted Potential Savings from Claims

Costs: Around $20 worth of vouchers per month

Tip: Buying something for the company? Put it on your personal credit card, then claim the amount in cash. Maximise your points or cashback.

Professional Dry Cleaning of Suit and Pants

Costs: $30. Dry cleaning of jacket = $40 to $60.

Tip: Dry cleaning jackets are more expensive. Always remove it before dining.

Signing Up for Free Seminars / Programmes

Costs: $0. Cost of identity theft = Two to four times your monthly income.

Tip: Be super wary if asked to fill in credit card or bank details along with your date of birth and NRIC.

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5 Reasons to Save Money (Besides Buying Expensive Stuff)

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