Heading into the month of July, many of you will be completing the ‘last leg’ of your education journey (let’s not forget the government’s push for lifelong learning though). For some of you, it might be the first time you are managing your personal finances. You might find yourself clueless about the DOs and DON’Ts.
Thus, we compiled a list of four personal finance tips and tricks that every fresh graduate should know to help you manage your personal finance.
1. Settle Your Tuition Fee Loan Quick (If Possible)
If you have just graduated from one of the local universities in Singapore, chances are that you would have taken the government funded education loan administered by DBS, UOB or OCBC. As a government funded loan, the loan is interest free during your course of study. However, upon your graduation, interest will kick in at the average prime rate …