Author: Early Retirement SG

How we lost $100 unnecessarily

Running our day to day operations to optimize all the benefits of credit cards, bank accounts, promos, etc, is technical and any mistakes result in real loss of money.  I’ve set up many of our transactions to be automatic and most of the time after I set it up, I don’t think too much about it. That’s the whole point of setting up the automatic transactions, so that operations can be smooth and you can get extra income by doing nothing more after the initial set up. Even after all this, recently, I messed up some transactions. Property tax is...

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Is Ignorance Bliss?

Ok, I don’t mean total ignorance. Rather, selected ignorance. I read a lot of news and all that and I think it’s necessary to know what’s happening around the world.  The ignorance I’m talking about is, the ignorance of the wealth, or material wealth of the people around you.Someone around me bought a Rolex sometime back. The friends were like, “Oh wow, wow, I’ve always wanted a Submariner, etc etc.”One of the friends asked me, “Hey do you know XYZ bought a Rolex, wow, don’t you feel like getting one too?”​No… not really. I don’t really desire one, I mean,...

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A Walking Hobby

On Saturdays, when we wake up, we usually ask, “What’s for breakfast?” And we think, sometimes we spend 1 hour just thinking of where to go. Our usual haunts are Vivocity, Suntec City, IMM, Liang Court, City Hall, Ion Orchard area. As mentioned in previous posts, we wake up quite early and we go out and eat breakfast, walk around a bit then have lunch then go back home around 2pm or so. That means we have to park somewhere for around 5-6 hours. Sometime back, I was really concerned about parking costs. I mean, we go somewhere on...

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Do you buy herbs?

There’s no other meaning to the title. Literally, if you cook, it is likely that you will buy herbs. Rosemary, basil, oregano, ground pepper, Somehow, in Singapore, herbs are super expensive, if you go to NTUC, or Cold Storage or most supermarts, the herbs you find are the McCormick ones. Those in the red cap above. The cost of each small bottle in the picture is usually around $5+/- I used to use them sparingly when I did my fish, or steak, etc. I mean, come on, it’s 5 bucks for a small bottle. Then I chanced upon the...

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Financially Naked

How open are you with your finances with your partner?  I know of couples who don’t know about each other’s bank account. Basically total darkness. They don’t know how much each other earns, how much they have saved, how much is insured, they don’t know anything. Maybe they just contribute a fixed amount to a joint account every month for household expenses. Or they may split the bill very cleanly and everything is tracked very stringently. Then there are also couples who share everything. They put all the money in the joint account regardless of who earns more. They...

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Guided by the Entertainer App

I never thought that this would happen. I’ve written about the Entertainer app. It gives 1 for 1 promotions for a number of stuff, like food, hotels, spas, etc. We basically only use the food e-vouchers. Recently, we somehow have been lead by the Entertainer App. As in, on weekends, we ponder of where to go cos we’re pretty bored of our usual hangouts and food places. So we just look at what’s available on the Entertainer App or the Fuzzie App to determine what we do and where to eat. This surprised me, cos usually, my belief is...

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It's not surprising many couples fight over this

Money… DuhzBut is it something else? Actually, people don’t really fight over money. They fight over the prioritization of money and spending. Between couples, if the guy has more or the girl has more, there’s not really much to fight. Usually each party doesn’t try to grab the other’s money.  Money is simple. You either have it, or don’t have it. The disagreements come about during the prioritization of money.Or in simple terms, when there is a limited amount of money, how to allocate it.  For example, the wife might want to save for the future, and for their kids...

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These stand alone credit cards are great for rebates

So after my previous post on a good CIMB credit card, more good credit cards for rebates came to mind. Once again, I can’t use these card efficiently cos of  my difficulty hitting my minimum spend on my 2 UOB credit cards. But they may be useful for you. These are good stand alone credit cards, meaning they don’t tie in with any bank accounts to give you better interest rates. (Except the BOC Family card but… more about this below) A top stand alone credit card would definitely be the Citibank Cashback card.ProsSavings of up to 20.88% at Esso, up...

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I can't use this CIMB card, but maybe you can

My wife applied for a couple of CIMB cards some months back during this promotion.We were supposed to spend $300 per month and we would get $25 cashback for each of the months we spent $300 for the first 6 months. We managed to spend $300 for 5 of the first 6 months. So our total that we were supposed to get was $125.I previously did an article and mentioned that … I recently had some issues getting some rebates from a credit card which I was using and had to call them. The issue lasted 2 months with the...

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You'll probably never believe how we handled our wedding

As I was thinking about examples for my previous post on Feng Shui, I thought about our wedding. Cos there are so many traditions and practices for a good marriage. I realized I haven’t written much about my wedding. I did a post previously on the costs of weddings vs my own… but never really mentioned anything about my own. Cos… we didn’t do anything. I mean… I didn’t think about writing anything cos we didn’t do anything. Like it’s easy to think about and write about stuff you did. But it entirely slipped my mind to write about wedding practices...

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Feng Shui, should you believe in it?

This topic is about Feng Shui. Feng Shui is a really interesting topic. Think about it. Something more that you can do that will affect your life. And it’s easy to do. Just move something around the house or buy something to place in the house and you will have a better life. What a great idea. It’s a great business too. Many of my neighbours have called Feng Shui Masters to their house during or before their reno to have a look to determine the layout of their homes. The charges range in the hundreds to the thousands. ...

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Can you downgrade your life after a lifetime of the high life?

A friend of mine is going to retire with her husband soon. Maybe in a year or so. She’s under 50. So it’s considered an early retirement. Based on my estimations, I reckon that she’s very well off financially and has saved up a substantial amount for her retirement. My guess is that there should be some properties, investments, endowments, etc etc. So it’s a cushy AUM. However, even though she has a high AUM, I also notice that she has very expensive tastes. Now, there’s absolutely nothing wrong with expensive tastes. Especially when she has a very high...

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Are you ashamed to be frugal?

It never really bothered me to be frugal. Cos since young, my dad has been pretty much teaching me about buying stuff that you need and saving the rest. Even when my mum offered to buy me a laptop for school, I declined it, whereas my sis gladly took up the offer. To me, I didn’t need the laptop so it was an unnecessary purchase, even though it was not my money. Read about my low material desire. In my old workplace, the folks were also pretty frugal, we called ourselves farmers. Most of the guys who were frugal...

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Doing things a little bit at a time

There are a lot of things which can be accomplished by just doing a little bit at a time. Many droplets make an ocean.ORA thousand mile journey begins with a single step. Have you watched Dr Strange the movie?​ There’s this scene where Dr. Stephen Strange is struggling the learn the mystic arts. Below is the transcript of the scene. The Ancient One: The language of the mystic arts is as old as civilization. The sorcerers of antiquity called the use of this language spells. But if that word offends your modern sensibilities you can call it a program, the...

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You're going to be using this machinery for the next 40 years

I used to run everyday. I’m sure many of you know it’s a great way to stay in shape and remain healthy. So I used to run around 5km everyday in the evenings with my neighbour. Even though I had a knee pain from my NS days, I continued to run. I mean, it’s just a light knee pain right? I’ve been used to it for the past 15 years or so, it only affects me when I land my feet wrongly or when I run more than 4km, so I didn’t bother too much about it. The specialist...

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