Art of SAVINGS
These days one of hack of life needed is instead of focusing on gain, we can also try to reduce the expense, or save some of our spending.
While it may seem trivial but there are lots of discounts around you can actually use to reduce your regular spending from 4-10% which actually larger than what you get from bank interests, and to some extent, could be similar to what you gain from light stock trading.
Food: As main grocery, the price usually quite fixed, so it's better to buy from ecommerce with free delivery, use credit card, and additional discounts if available
Rice: 5kg ~53k (minor discount on 10kg or more)
Sugar: 1kg ~12k (no discount buying in bulk)
Cooking Oil: 2l of palm oil ~28k (pouch cheaper), option for better oil, same price but for 1l: soy oil or coconut oil
Eggs: 1kg ~20k (fluctuates)
Cleaning: most of the multinational company (MNC) always has their discount period, either monthly or quarterly, stock up if possible.
Textile cleaning: 5l liquid detergent ~60k
Body wash and Shampoo: 1l ~80k
PLN: our home use postpaid PLN and I usually able to get 3-5% discount from ecommerce sites.
Home Internet: I use high speed fiber optics internet, it costs 450k+, not the cheapest around but the only option in my area. Unfortunately mine has no discounts as it uses VA.
Pulsa: in remote/WFH situation you likely won't need big data plans. Personally I only use 2GB data and voice plan monthly, and costs only 25k.
BPJS: discounts around 3-5%
PAM: unfortunately since I'm not using PAM anymore I can't describe it much but discounts are around from 3-5%
Credit Card: since I use BCA, I don't see any option for additional discount, but other banks or institution allows you to pay from ecommerce sites and similar discount, 3-5% also applies.
STNK: there's up to 10% discount if you pay few months before your period, can be checked from the official app
PBB: is another spending you need to consider, in my area, there's a discount up to 15% if you pay in certain month
On certain events, it's possible to get 10% discount on above items, so it is a good idea to be prepared and spend early when you can rather than when you really need it)
Currently Seabank has very generous offer of 7% interests p.a. which means you will get roughly 0.07/365*0.8 daily interest or ~15k for every 100m daily. This offer applies until end of December 2021.
The app is pretty basic but works, no frills such as fingerprint, but has complete e-wallet option and transfer still free (including OVO). You also don't need to internally move your money unlike other digital bank to gain full interests. Activation is also quite fast, video call to take your picture with your KTP, while it says wait for 24 hours mine only took 3 minutes.
Minimum transfer is 10k and daily limit transaction is 10m, which might be an issue if you suddenly decide to drain your account later on.