Author: Heartland Boy

How I Grow My Kid’s Ang Bao Money

2019 was a special Chinese New Year (CNY) for Heartland Boy as he celebrated it with the addition of a new family member. After 3 straight years of giving out red packets during Chinese New Year, he was blessed enough to once again find himself on the receiving end of such a lovely traditional custom. As a parent to a 3-month old, he finds himself entrusted with the responsibility of safe-keeping the hong bao monies that Olympia has received during CNY. He vividly remembers those times when his mother brought him to the friendly neighbourhood bank to deposit his...

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Why Disability Income Insurance Should Not Be Overlooked

Heartland Boy could still vividly the evening when Heartland Girl came hopping into their bedroom showing two lines across the pregnancy test kit. Of course, Heartland Boy leapt with joy at the thoughts of becoming crowned a dad. As unromantic as it sounds, the impending reality that Heartland Boy would soon have a dependent sank in very quickly. A nicer way of putting it is that Heartland Boy has strong innate paternal instincts. He soon rang up his insurance agent to request for a holistic review of the family’s insurance policies. The aim is to ringfence risks so that...

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Heartland Boy 2018 Stock Performance Review

2018 is behind us and it is time for an annual review of Heartland Boy’s stock portfolio. The metric used to measure the stock performance would be Internal Rate of Return (“IRR”) and the relevant benchmark is the Singapore Straits Times Index (STI Exchange Traded Fund). Having a benchmark is important as it allows Heartland Boy to track and compare his active investment strategy. Heartland Boy will also be including his cash component when calculating his stock performance. Returns will include both realised and unrealised transactions. Without further ado, let’s get straight down to business. Historical Stock Performance Of...

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Are You On Team Cashback This CNY?

This Chinese New Year, SingSaver is launching its BIGGEST credit card promotion campaign ever. It is a campaign that truly divides loyalties as the battle lines have clearly been drawn. SingSaver is pitching Cashback credit cards against Air Miles credit cards. The rewards for this unique campaign are massive, so make sure you pick the correct side. And that means you ought to be on #teamcashback this Chinese New Year. For SingSaver’s 2019 Chinese New Year (‘CNY’) campaign, they have asked the financial bloggers to pick a side. Readers would know that Heartland Boy frequents cashback, discount and comparison...

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How I Grow My CPF Today For My Future Retirement

The start of the year always gets Heartland Boy in a pensive mood. It gets even more poignant now that he has a kid in tow. This has fuelled his belief that securing his own retirement could be one of the best gifts for his daughter in the future. That has inevitably become one of his new year resolutions. In order to do that, he employs a multi-pronged approach. The core pillars that support his retirement cashflow will be: (1) dividend income from his investment portfolio, (2) withdrawals from Supplementary Retirement Scheme and, (3) CPF LIFE payouts. There is...

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Earn Even More Cashback Offline With ShopBack GO

What is ShopBack GO? Christmas definitely came early in 2018 because ShopBack has added the awesome ShopBack GO to its suite of products not too long ago. ShopBack GO is a brick-and-mortar (offline) cashback feature which makes it fundamentally different from ShopBack’s usual mode of allowing users to earn Cashback online. Specifically, it gives users in-store Cashback for dining in at restaurants that are participating merchants. In this review of ShopBack GO, Heartland Boy shall blog about how to enjoy and optimise the in-store Cashback on offer and how your dining experience is never going to be the same...

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Stop Searching For Online Coupons And Start Saving With RateX Now!

During his 2-week paternity leave, Heartland Boy relied heavily on online grocers and food delivery companies to save time (and his sanity). He became a “coupon man” as he shamelessly googled for promo codes to reduce his expenses. In what was a very time-consuming process, he had to manually key in every promo code to check its validity. Therefore, when Rate introduced him to RateX, his first reaction was, “gosh, why didn’t we meet a month earlier?” What is RateX? RateX is an internet browser extension offered by Rate, a Singapore-based fintech company. (Yay, support local start-ups!) RateX helps...

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Olympia’s Baby Shower Full Month Celebration

On 1 December 2018, the Heartland Family celebrated Liew Yan Olympia’s baby shower at the Resident’s Lounge of Ascott Orchard Singapore. It was truly a joyous occasion which quickly put to bed painful memories such as her recent hospitalisation for fever. To better manage the crowd, Heartland Boy decided to split the full month celebration into 2 sessions. Lunch session was attended by immediate family members while dinner session was for friends and colleagues. This gave the nervous first-time parents more time to interact with guests. This also meant that almost every guest enjoyed some form of personal moments...

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Critical Changes To The Citibank MaxiGain Savings Account You Must Know

Citibank MaxiGain Savings Account has often been touted on forums as a high-yielding bank account in Singapore that does not require account holders to do anything to achieve a very high interest rate. However, there is a famous saying that all good things must come to an end. That is exactly what’s going to happen to the best savings account in Singapore come 2 January 2019. Let’s not waste time and get straight into the critical changes to the Citibank MaxiGain Savings Account that you must know. 1. Base Interest Rate Is Now Pegged At 70% of 1M-SIBOR When...

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The Importance of Integrated Shield Plan For Your Child – My Painful $4,200 Lesson

Family and friends would probably be aware that Baby Olympia was hospitalised on Day 9 of her relatively short existence in this world. The good news is that she has since been discharged from hospital with no known medical conditions. The bad news is that this 4-day hospitalisation cost a total of $4,200. This was a painful financial lesson for Heartland Boy and reiterated his belief on the importance of Integrated Shield Plan for his child. What Happens When A Child Less Than 3 Months Old Has Fever? On Day 9, Baby Olympia recorded fever of 38.1 degrees. 3...

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What is the cost of giving birth in Singapore hospitals?

Heartland Boy recently had the privilege of witnessing the delivery of his child at KKH hospital delivery suite. Seeing Olympia slowly emerged into the world was truly an out-of-this-world experience. The birth of Olympia also signalled the end of Heartland Girl’s thoroughly enjoyable pregnancy. Now that the dust has settled, it is time to keep count of the bills incurred for her pregnancy. This article shall illustrate Heartland Girl’s cost of giving birth in a Singapore Hospital (KKH) and review the various government policies designed to help keep the cash cost of delivery down. With the benefit of hindsight, this article...

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Instant savings when you switch out of Singapore Power

If your postal code starts with 58 to 78, thank your lucky stars as the Singapore Government has bestowed you an opportunity to redeem an early Christmas gift for your household. Household with these postal codes will be eligible to participate in the Open Electricity Market after the successful trial in Jurong earlier this year. In short, you no longer have to purchase your electricity plan from SP Services only. Instead, you can choose from several electricity retailers just like how choose mobile phone plans from various telcos. You would be able to score instant savings on your electricity...

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Far East Hospitality Trust: Initiation Report

Business Model of Far East Hospitality Trust Far East Hospitality Trust is a Singapore-focused hotel and service residence hospitality trust listed on the SGX. It IPO-ed on 27 August 2012 at 0.93 cents with ticker code of (Q5T.SI). As at 30 October 2018, it has a market capitalisation of SGD$1,132 million. Far East Hospitality Trust is a stapled Trust that consists of both a REIT and a Business Trust. Heartland Boy knows that REIT has a unique set of framework. As REITs are mandated to hold stable assets, Hospitality REITs have to devise creative ways to overcome this regulatory...

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Hi World, Meet Olympia Liew

Greetings from your Dad, aka Heartland Boy. Congratulations on your safe arrival. We have all been eagerly anticipating this day to arrive. Your mum and I made the decision to enter parenthood despite not knowing how well we will be at it. We will inevitably fumble and struggle as we find ourselves having to grasp the new-found responsibilities thrown at us. To help us become better at parenting, we decided to make 10 promises that will serve as a moral compass throughout this new journey. You will be loved. Mum and I believe that you are born to parents...

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How I Use Comparison Websites To Get The Lowest Price

Comparison websites have been around for a long time but not many in Singapore are actually aware about them. Heartland Boy personally thinks that a comparison website allows him to evaluate costs and benefits, help him check out alternatives and ultimately snag the best deal out there. In this article, Heartland Boy will show you how he uses comparison websites to get the lowest price possible. Air Tickets This was probably Heartland Boy’s first brush with comparison websites. When he was still a young undergraduate on an overseas exchange programme, he was regularly searching for cheap budget airlines. His...

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