Saving & Spending
How many bank accounts should you have?
By Agedashi23cents  •  October 20, 2016
Local banks in Singapore have been doing a lot in recent years to attract customers by increasing their interest rates, giving freebies and many after sales services in an attempt to 'psycho' to open a savings account with them. We are in actual fact spoilt for choice, there is the OCBC 360 savings account, UOB One savings account, DBS Multiplier, Standard Chartered Bonus $aver account and others in the market that are almost as good as one another. There are many review websites comparing the benefits of each bank and it is up to the individual to decide. But the topic here is, how many bank accounts should you have? Is 3 accounts considered too many or if i have just 1 account considered too few? How many should I have? In my case, I save money like a hamster who store food in many places and a little bit of food in each ......
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By Agedashi23cents
In my line of work as an accounts and audit person, it was said that "Not documented means no work done!' Therefore this blog was created to document the mistakes and learning in my journey towards the path of financial freedom through aggressive savings and investments in forex and equities. Being a complete novice in these areas, any criticism or guidance is most welcomed. One of the best ways to keep yourself accountable is to announce to others what you plan to do -- so publicly announcing that i am going to do these challenges is a great first step.
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