“The smallest act of kindness is worth more than the grandest intention.”
~ Oscar Wilde
As expats living and working in Singapore, many of us would be happy to give up our time and expertise to help those in need, but rarely find the time to find such opportunities. While it is incredibly emotionally rewarding to give back to the community, it can also make a significant improvement to your personal finances.
1. Improve your Resume and Professional Skill Set
Volunteering can allow you to not only utilise your existing skills, but learn new ones without costing you a fortune. It also looks great on your CV to demonstrate that you utilise your free time to give back to others. This can lead to promotions, career progression and new opportunities becoming available to you.
2. Meet New People Without the Expense
There are many opportunities to meet new expats in Singapore, whether it’s at a networking function or social event. Unfortunately, the costs of such activities can quickly add up. Many volunteering opportunities are inexpensive and allow you to meet a range of new people in a fun and fulfilling environment.
3. Explore the World on a Shoestring Budget
There are many overseas volunteering opportunities that typically won’t cost you an ‘arm and a leg’. This can be a great way for you to visit new places, and create new travel memories without the exorbitant expense. This could be building schools in Cambodia, diving in Belize or teaching kids to play Rugby in one of many schools throughout South-East Asia.
4. Reduce your Health Expenses
The Corporation for National & Community Service has revealed that volunteering reduces mortality rates and reduces depression later in life. It also has significant health benefits for older individuals by keeping them active and focused on making a difference in the community. This can make a significant difference to your savings on health expenses.
5. Save on Gym Membership Fees
Physical volunteering opportunities can be a great regular workout and an enjoyable chance to get fit. This can save on those costly gym membership fees and improve your regular savings ability. This could be as simple as community gardening or teaching kids to play sport.
These are just some of the benefits from volunteering in your community. So how can you get started in making a difference in our community and improving your personal finances at the same time..? Here are some great resources to get you started:
To Your Financial Success!
Jarrad Brown is an Australian-trained and qualified Fee-Based Financial Adviser with Australian Expatriate Group of Global Financial Consultants Pte Ltd providing specialist financial advice and portfolio management services to international and local professionals in Singapore.
Book a complimentary consultation here.