Author: iMoney - Singapore

Here’s What You Can Do To Protect Yourself From Identity Theft

Reputation is important – especially in the financial world. Unfortunately, identity theft can compromise your financial reputation. Identity thieves use your personal information to obtain credit, loans or commit other kinds of fraud, ruining your credit score in the process. A credit score is displayed on your credit report. It is a number used by lenders as an indicator of how likely you are to repay your debts and the probability of you defaulting on your loans. This score is a snapshot of your credit condition at a particular point in your life. It varies from time to time,...

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Sentosa On A Budget: We Found A Ton Of Free Activities You Can Enjoy!

From roller coaster rides to bungee jumping, to exploring the world’s second-largest aquarium, Sentosa has an exhaustive list of things to do and see. These attractions can be quite pricey, however. If you’re on a budget, but still would like to experience Sentosa, don’t despair – read our guide on what you can do on the island without paying an admission fee. Free attractions in Sentosa Island Fort Siloso Source: Wikimedia Military history buffs will want to visit Fort Siloso, Singapore’s only preserved coastal fort. At Fort Siloso, you’ll find WWII memorabilia like cannons, bunkers, wax exhibits and more....

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VERS versus SERS

Tackling the issue of ageing HDB flats and depleting leases Earlier this year, semi-retired, part-time university lecturer Mrs Irene Tay sold her HDB double-storey terraced house on Jalan Bahagia for $685,000. She and her husband had purchased the 840 sq ft, three-room house for $420,000 in 1997 when their son was enrolled in St Andrew’s Junior School in nearby Potong Pasir. However, the HDB terraced house has a 99-year lease from 1972, which translates into a remaining lease of 53 years. Tay was concerned that if they did not sell the property, the pool of buyers would shrink further...

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How To Save Money When Buying New Tech In Singapore

Everybody loves new tech – unfortunately, the latest and greatest gadgets often come with premium prices. It needn’t be this way, however. There are a few things you can look out for to get better prices on your tech purchases. Follow these tips to get the best deals, discounts and savings: 1. Time your purchases If you don’t need a new device immediately, you may be able to get it at a discount if you hold off until a sale or an IT fair arrives. The key sales and IT fair dates to look out for in Singapore include:...

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Here Are Some Of The Best Value For Money Tech For Budget-Conscious Singaporeans In 2018

Being on a budget doesn’t necessarily mean you’ll have to go for the cheapest price tag; it can mean going for something that delivers great value at an affordable cost. We surveyed the latest gadgets to hit the market to shortlist a few smartphones, laptops and tablets that give you the most bang for your buck: Smartphones Source: Lazada The Xiaomi Pocophone F1 has just dropped on Mi Store Lazada on 30 August. With a Snapdragon 845 and 6GB of RAM, it offers unmatched performance for its price point. To compare, the OnePlus 6 offers the same processor, but...

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Here’s How Much It Will Cost You To Visit These Locations Featured In “Crazy Rich Asians”

For all its strengths (and faults), Crazy Rich Asians certainly amazes with its depictions of hedonistic luxury and excess. For mere mortals like us whose net worths don’t run into the billions, however, the lifestyles of the uber-rich can seem unattainable. Fortunately, the film features several locations in Singapore and Malaysia that – while not always budget-friendly – are in the realm of affordability. Here are a few of the Malaysian locations that were featured in the film, and how much it will cost you to visit. [block]Looking for ways to have a Crazy Rich Asian experience in Singapore? Check...

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4 Effective Habits Of People With Good Credit

  Having good credit is crucial. From credit cards, auto loans to mortgages, good credit will not only bring you convenience, but also help you achieve financial goals such as owning that dream house or car. What exactly does it mean to have good credit? A credit score is a number that indicates how likely an individual is to repay their debt. Banks and lenders use your credit score to determine if they would approve your credit or loan application. Having a good credit score makes it easier for you to obtain credit and qualify for loans. Contrary to...

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Here Are Some Surprising Insights About Singaporean Millennials

Source: Google Type “Millennials are…” into Google search, and you’ll bring up a host of popular stereotypes of the generation that everybody loves to hate. Millennials have been labelled lazy, entitled napkin-killers who are constantly tethered to their mobile devices; and more recently, as the oldest millennials reach their 37th year in 2018, they’ve even lost the satisfaction of being able to call themselves young. Millennials, who are largely categorized as those born between 1981 and 1996, have certainly received a lot of attention. Much of the focus has been on millennials in America, however. What about those who...

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Real Estate Investment Trust vs Physical Properties, Which Suits You?

Thinking about investing in real estate? Buying physical properties isn’t the only way to go about it these days. In recent years, real estate investment trusts (REITs) have emerged as a popular way to dip into the real estate market without directly buying a property. If you’ve been considering investing in REITs, here’s what you need to know about them, how they’re different from investing in physical properties. What is a REIT? A REIT is like a unit trust fund, in that it pools many people’s money to hold a group of investments. However, instead of investing in stocks...

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8 Nightlife Spots That Won’t Break The Bank At This Year’s Singapore Night Festival

The Singapore Night Festival returns once again to light up the Bras Basah-Bugis precinct during August 17 to 25. As with previous years, there will be spellbinding light installations to explore, as well as live performances by local and international artistes. This year promises a more immersive experience – visitors will be able to interact with particular acts, performers and art installations. You would be able to, for example, pedal a bike to ignite a shower of embers or light up graffiti walls by activating motion sensors. If you’re taking part in the festivities this year, there are plenty...

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When Should You Use A Credit Card To Fund A Small Business?

Funding a small business with a credit card goes against conventional wisdom. After all, credit cards are essentially short-term loans with very high interest rates, and – depending on the credit limit assigned to your business – may not even offer you a substantial loan amount. To a small business with little capital, turning to a credit card for funding might seem like a risky option, only to be considered when all other alternatives have been exhausted. Conventional wisdom is not always right, however. When wielded wisely, a credit card can actually be a sensible financing option. Here are...

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8 Excellent 4-Star And 5-Star Hotels You Can Get For S$100

Singaporeans are avid travellers. According to a 2017 survey, Singaporeans made an average of 5.2 trips in a year – that’s a holiday about every two months. Luckily, the strength of the Singaporean currency means that your dollar can stretch quite far in certain places. In fact, in certain areas of the world, you can score luxury lodgings without breaking the bank. Here are eight affordable 4-star or 5-star hotels you can get for just around S$100. [block type=”tips” title=”What exactly is a 4-star or 5-star hotel?”] Hotel rankings aren’t an exact science – there isn’t an international, standardised...

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Still Uninsured? Get The Coverage That Suits Your Lifestyle Today

Planning for your insurance needs can be frustrating. There are a ton of different insurance products out there, each laden with complex jargon. It’s enough to put someone off signing up for an insurance plan altogether. Not to worry, we’ve summarised the key types of insurance you may need to consider at different life stages: In your 20s Getting insurance probably isn’t the first thing on your to-do list upon stepping into the working world. You may be occupied with other financial obligations – such as your education loan – or otherwise be more interested in other aspects of...

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How To Fund Your Small Business In Singapore

Got a great idea that could change an industry, or simply looking to break free from the shackles of employment by being your own boss? Whether you have a startup or a regular small business in mind, you’ll need capital for launching and growing your business – or even just to tide you over rough patches. Here are a few ways you can fund your small business in Singapore. 1. Government grants and equity financing schemes Singapore places 12th globally in overall startup ecosystem rankings, in part thanks to the significant support provided by the government. Singaporean startups have...

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Here’s How Much You’ll Save By Buying Second-Hand

Depending on which consumer camp you belong to, the phrase “second-hand” usually evokes one of two sentiments: a great opportunity to save some money, or…mild disgust and scepticism at the prospect of using items that have been worn, handled, touched and groped by past owners. However, buying second-hand is better for the environment and, of course, can save you a ton of money. If you’re worried about the hygiene aspect of buying second-hand, or if used items won’t be as reliable as new ones, here’s good news: many items are easy to sanitise to remove unsatisfactory signs of past...

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