Do not let BDW anywhere near this thread.
Honestly for me the best money saving tip from my 12 years in Hong Kong, do not waste your money on renting in the most expensive city in the world, instead you should buy in the most expensive city in the world and experience the biggest profits you could ever dream of that is simply not possible anywhere else in the world! I bought a place for $6m in 2009, now worth $14m. An $8m increase in 10 years. At the same time, I was paying interest rates on mortgage around 1% up to 2.4% during the last 12 years which means I was paying around $5k in monthly interest expense to Standard Chartered, for a 1200sqf 3 bed apartment in Olympic area. Only $5k per month interest vs around $30k to rent the same bloody place. Now I am looking to rent my place out for around $30k now to anyone that doesnt want to follow my advice and prefers to throw money away on rent. I'll take your $30k please PM me
I personally think now is a fantastic time to buy, the protests have suppressed the economy and created a lot of negative feeling and made people worry. But that's the time to jump in and there is a buying opportunity staring you in the face right now, you can take it or leave it.
As for tips for savings... I have none. We calculate we spend something like $30-40k/month and we are simply baffled at this, as we don't have a very lavish lifestyle at all. We only go out for dinner maybe once every one or two weeks, and then it's with Eatigo or Super Mondays (and no drinks). We don't give in to Fusion's insane full prices, like $50-70, for things that would be â‚¬1-2. We buy food discounted or in bulk (see online thread). We don't take taxis very often. Rent is a comfortably low percentage of our income.
Paying for some house help does take a large portion, but why all our other expenses add up to so much is beyond me... good luck.