Personal Finance
5 Ways to Be Better off Financially in 5 Years
By ValueChampion  •  March 19, 2019

According to a recent survey by Nielsen, approximately half of Singaporeans believe that they are better off financially in 2018 than they were 5 years ago. To help our readers achieve their own financial security in the coming years, we've listed some of the best ways to get to a better place financially by 2024.

Consider Refinancing Your Home Loan

For homeowners, your home loan may seem like a significant cost that is set in stone. However, this large financial burden may actually offer a great route for improving your finances over the next few years. In order to obtain your business, banks often offer competitive interest rates to encourage you to refinance your loan through their bank. This makes home loan refinancing quite popular in Singapore.

For example, refinancing a loan with 25 years remaining S$500,000 outstanding from a rate of 3.00% to 2.50% can save

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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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