We all want the best deals in life. After all, why should we have to pay through our noses when we can get the same for less?

And we don’t mean deals that come with tons of hidden terms and conditions, ‘cos:

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So let’s cut to the chase. What if there are ways to earn some cold, hard cash on things you are already paying for on a regular basis?

Like that $5 hipster cuppa you cannot resist on your way back from lunch every day.

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Or the mandatory Friday evening dinner with the partner at some posh restaurant.

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Or your growing child’s milk powder.

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How about your $2,000-a-month housing loan?

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Or your insurance / investment plan (in case emergency).

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Oh, not to forget pet food. Because pets are awesome and we all love animals.

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If like most Singaporeans you can relate to the above, it’s time to pay attention to something called cashback.

In fact, cashback is nothing new. Chances are you may have seen it being promoted somewhere in shopping malls and restaurants, and usually tagged to some sort of credit card deal.

Chances are also that many cashback programmes are designed to induce you to spend on things you don’t really need, just for the promise of a small percentage of rebate. Sounds familiar?

By things you don’t really need, I do mean items such as this elaborately handcrafted, technologically advanced, but utterly unnecessary box:

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Which, by the way, retails at $50 and sort of defeats the purpose, because: 1) it doesn’t do anything for you across the longer-term, and 2) you’re really just spending more money overall.

But with a new cashback bonus programme that POSB just introduced, it appears you can earn (and more importantly, grow your savings) just by doing the things you already need to do as part of your current lifestyle.

Essentially, all you need is a POSB/DBS account and to do at least 3 of the following:

1. Credit your monthly salary

2. Spend with your credit card

3. Pay your monthly home loan instalments

4. Pay your POSB/DBS insurance premiums

5. Invest through POSB/DBS

Source: POSB

If you do all 5, you could potentially earn up to $130 per month, just by nominating your POSB account for cashback bonus. That’s up to $1,560 per year - more than enough for a whole year’s supply of hipster coffee!

(Or pet food.)

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For those thinking this sounds eerily similar to other bank promotions out there, the major distinction is that you will be earning cashback directly from your transactions, without having the need to put additional deposits into your account.

Sounds too good to be true? Here are some hypothetical spending scenarios:

Scenario A: Early-Career Individual

Salary Credit: $3,000

Credit Card Spend: $1,000

Home Loan Instalments: $1,000

Insurance: $300

Investments: $300

Total Cashback: $9 + $3 + $30 + $9 + $9 = $60 / month = $720 / year

Scenario B: Mid-Career Individual

Salary Credit: $6,500

Credit Card Spend: $2,500

Home Loan Instalments: $1,000

Insurance: $500

Investments: $1,000

Total Cashback: $19.50 + $7.50 + $30 + $15 + $30 = $102 / month = $1,224 / year

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Not bad at all, considering you don’t have to do anything drastically different from what you probably were already doing before.

And since cashback is credited monthly, gone are the days when you had to wait a full year to receive your measly annual interest.

Who says money doesn’t fall from the sky? It could, every month… all you have to do is make minor adjustments to how you organise your transactions.

Click here to find out more.

Easy peasy.

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This sponsored post fuels Mothership.sg so our writers can get their salaries on time and earn Cashback at the same time!

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