Author: Finance Smiths

Top up function available for DBS DigiPortfolio

We got an email from DBS today about the top-up function being available for the DBS DigiPortfolio. The last time I wrote about my wife setting up her Asia and Global Portfolios, I expressed my disappointment at how she was unable to increase her investment in them by making contributions. Instead, she would have to...

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2nd retirement of my mother-in-law

My wife went out to have lunch with her mum and they are out shopping together now. It’s been a while since they spent some time by themselves. And both of them need it. Because my mother-in-law dropped some major news on us yesterday during the family dinner. She’s seriously thinking of retiring for real this time. It was a bad week for my mother-in-law. We could tell something was up when she was holding on to the baby for so long. Even after the baby fell asleep and could have been left in the car seat and stroller...

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Update from Smartly and holding our asset allocation

Both our parents visited us and the baby today so it was a whirlwind of activity until now. Got some time to rest and relax before we head out for dinner later tonight. Anyway, the last update I provided on Smartly was that they were going through a major platform upgrade and had to temporarily stop new deposits and sign ups. I checked in with Smartly recently and found out they are slated to resume their services after CNY 2020. So probably around end Jan 2020. This is good news for us and I’m looking forward to reviewing what...

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Having an after work routine

It’s the end of the week! I’m usually tapped out by Fri afternoon so I kind of just zone out, do some light reading and prepare for the next week of work. No point starting anything heavy since it just stresses me out over the weekend, which I want to relax and enjoy. Only possible...

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Extending leave and CPF Newborn Medisave Grant of $4,000

Everyone is sleeping now – my wife, baby and nanny. But I’m up squeezing in some time to blog before I go to sleep. It’s time for another work week and I should get some rest before starting it. Having a purpose is important in ensuring you don’t dread Mondays. If anything, my wife having our baby sharpened my focus and objective at my job. It’s time for me to step up in these 2 years and gun for my promotion and pay raise. Got to know when to go into the next gear and make things happen. And...

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Financial goal of $1 million net worth and liquid assets

It’s my 1st full week of work in a month and it was tough getting back into the swing of things. Pacing is important when you have a full-time job in the office i.e. 5 working days out of 7 days in a week. Do it wrong and you run out of energy by the end of the week too exhausted to do anything fun over the weekend. Do it well and you get to maintain your energy levels over the weekend to go out and have fun. It doesn’t help that the after-work routine on a weekday wears...

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Digital banks impact on our jobs

I originally wanted to write about how the DBS Multiplier revision of terms with effect from 1 Feb 2020 will affect my wife. Then I saw a number of financial bloggers have written and analysed this in detail so I didn’t see a point in doing so anymore. But I might just summarise the impact on her DBS Multiplier bank account here. My wife’s salary crediting will qualify under the Income category. Her POSB Everyday credit card spending still qualifies under the Credit Card Spending category. Her new POSB Invest-Saver into Nikko AM REIT ETF (SGX:CFA) back in Nov...

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CPF SA Cash Top Up and Last Day of 2019

Last night, my wife and I topped up our CPF SA with S$1,000 of cash each. Both of us should have no problems with getting the CPF Cash Top-up Tax Relief. With the birth of our child this year 2019, my wife can qualify for the Working Mother’s Child Relief (WMCR) at 15% of her...

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My health insurance policy lapse

I’m annoyed with myself as I write this. I have previously mentioned on my blog that insurance is not my strong suit. It’s probably the weakest part of our personal finances. Reason being I don’t review our policies and plans often enough because they don’t get used often. Other than the monthly or yearly insurance premiums to be paid, I don’t usually take a closer look at the coverage or even review it until something happens. Which is a stupid way to approach insurance. Because the likely outcome is that I probably won’t have the necessary coverage until I...

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Higher net worth growth rate

It’s mid-week and a pocket of time has opened up tonight for me to blog. I have department lunch, division event, early releases from work, catch-up lunches and dinners all scheduled in the next 2 weeks. Have to say that end Dec continues to be my favourite time to work as I wind up the year with celebrations and fun times. It’s also a popular time for self-reflection but I’m not inclined to write a post about the things I have achieved, did not achieve, grateful for, can improve on, etc. Maybe in bits and pieces when the topic...

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Big pay day for my wife

I knew something was up when my wife told me on Fri morning that she checked her payslip and the salary credit amount in her bank account. She doesn’t usually get this excited about her monthly pay. I guess she’s become more appreciative of her salary that continues to be paid even though she’s at home with the baby on maternity leave. But I have to admit this time is different for my wife. It includes her bonus, back pay and maternity cash benefit on top of her increased monthly salary from the bank. A decent haul and timely...

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Using CDA for polyclinic vaccination

It’s been a tough day at work. I was trying to do the right thing and got hung out to dry by my ex bosses for it. While my current bosses are more understanding, it’s not a nice feeling to have to defend yourself. I was glad when the work day was over and I could get home to see my wife and baby boy. I’m hoping things get better in the next 2 days. Anyway, the CDA dollar-for-dollar matching of $3,000 has been credited last week. The next thing to look forward to is the Cash Gift disbursement...

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Our problems with the DBS DigiPortfolio

We got swamped with work, personal and baby stuff. But we are still here and surviving. So that has to count for something. Anyway, this post is a rant about our love/hate relationship with DBS. While we use DBS banking products extensively, they continue to annoy us with the little things. Like signing up for the DBS BYOB Promotion and SAYE Account back in Aug 2017. It gave us the highest interest we have ever earned on any bank account. But the number of hoops we had to jump through to get it was ridiculous. Another thing was my...

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Our net take home pay per hour

I was going to write about possibly starting a DBS DigiPortfolio for my wife. Mostly because I saw how a few financial bloggers have written about it at the same time. Might be a collaboration exercise with DBS to promote this financial product using sponsored posts. Which is fine with me since I can see...

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Supplement with formula and CDA First Step

Operation sleep through the night for my wife lasted only a few days. As the baby’s milk consumption picked up, my wife’s milk production could not keep up. With no excess milk stored in the fridge, my wife was back to waking up a few times overnight to feed the baby. Last night, it came...

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