Author: iMoney - Singapore

A Guide To Selling Digital Products Online For Income

If you’re looking for a source of side income, or even for a career change, selling digital products can net you a lot of cash. With digital products, you won’t have to deal with the high start-up costs of a brick and mortar shop. You can start creating and selling to the masses with fairly little capital, right from your living room. Plus, you won’t have to deal with the production and shipping of physical products. Here’s a guide to some of the best-selling digital products on the web: E-books Although e-book sales have dipped in the last two...

Read More

5 Principles For Getting The Most Out Of Your Spending

New to the personal finance game? Perhaps you’ve already started cutting down on spending, or even taken steps to increase your disposable income. Here’s something else – did you know that you can change the way you spend the money you already have to save money and even influence how happy you feel? Here are five spending principles to help you save more and even possibly hack your way into happiness: 1. Buy experiences “Buy experiences, not things” is the kind of glib caption you would expect to find on social media, alongside a photo of some twenty-something looking...

Read More

Which Jobs Earn The Highest Salaries In Singapore?

Despite the best money-saving practices, sometimes the most practical way to keep up with the costs of living is to increase your income. For some Singaporeans, that could mean creating a side income stream. For those of us who prefer not to pick up a side gig, it could mean having to rely on a high-paying job. If you’re looking for your first job, or thinking of making a career switch, you’ll want to know what the most lucrative job positions and industries in Singapore are. Recruitment firm Adecco has released a salary guide for the following job functions...

Read More

Spend And Save With These Chinese New Year 2018 Credit Card Promos

Chinese New Year is just around the corner. Despite being a joyous occasion, its mere mention can invoke anxiety in some Singaporeans, who dread forking out for big festive season expenses. Last year, 500 Singaporeans said as part of a survey that they expected to spend S$2,503 each during Chinese New Year. Of course, if you’re giving away ang pows or hosting guests this year, your costs could be much higher. If you’re trying to keep tabs on your CNY budget this year but don’t want to skimp on the festivities, here are some of the best credit card...

Read More

10 Things To Spend On In Johor Bahru (That Are Cheaper Than In Singapore)

  Due to the strength of the Singaporean dollar against the Malaysian Ringgit (SGD 1: RM 2.99), your money can stretch a lot further if spent in Malaysia. Luckily, Johor Bahru is just a car or bus ride away, and spending your money there could result in savings up to 50% compared to prices in Singapore. Here are ten things worth spending on in Johor Bahru: 1. Groceries Groceries in Johor Bahru cost a lot less (about 25% less, according to a cost of living comparison site), even in big supermarkets like Cold Storage, Tesco and Giant. Here’s how...

Read More

How Much Do You Need To Earn To Afford A Private Property In Singapore?

Buying your first home is a major decision that should not be taken lightly, as it requires a lot of research and financial planning before committing to an initial down payment. For Singaporeans, this decision is made even more difficult due to the fact that Singapore is one of the priciest places in the world to purchase a property. Your costs will further skyrocket if you’re considering buying a private property in Singapore. Not only are they more expensive than public housing, their prices have risen by 1% in 2017 for the first time in four years, and they’re...

Read More

3 Ways To Save More Without Spending Less

Singapore is an expensive city – the most expensive city in world, in fact, according to the Economist Intelligence Unit. In a 2015 survey, 87% of 2,000 Singaporean participants reported that they have had to make financial compromises due to the rising cost of living. If you’ve been cutting on spending but still feeling the pinch, you’ll want to make use of cashback and money-saving tools that will allow you to save more without spending less. In order to get the most out of your spending, it’s best to make use of tools that require little effort and can...

Read More

How Credit Card Rewards Can Power Up Your Vacation

Frequent flyer programmes are a must-have for those of us who travel often – be it for a business trip or a quick holiday getaway. Paired with the right travel credit card and a bit of planning, you can rack up benefits to power up your travels and save a ton of money. Here are a few ways a travel credit card can help you: 1. Collect air miles to redeem or upgrade flights The most popular perk of a travel credit card is the air miles you can earn from your spending, which can then be redeemed for...

Read More

How Scam-Savvy Are You? Take The Quiz And Find Out!

Online crime has risen significantly in Singapore. Between January and June this year, there were 349 cases of internet love scams, compared to 277 cases in the first half of last year. These scams cost their victims a total of S$22.1 million, with the largest amount cheated in a single case close to S$6 million. E-mail impersonation scams, on the other hand, rose 29% to 160 cases in the first half of the year, compared to 124 in the same period last year. These scams cost their victims a total of S$21.9 million. While e-commerce crimes are down by 10.5%, the...

Read More

Which Taxes Could You Be Paying More For In 2018?

You may be paying more in taxes soon, as Prime Minister Lee Hsien Loong announced on November 19 that an increase in taxes is inevitable. Singaporeans can expect taxes to go up in the next few years, with tax hikes introduced as soon as Budget 2018. Among the taxes that may be increased are the Goods and Services Tax (GST), sin tax, environmental tax, personal income tax, property tax and luxury goods tax. An e-commerce tax for goods and services purchased online (which are currently exempt from GST, if totalling less than S$400) may also be introduced. However, many...

Read More

The Battle Of The Broadband Packages In Singapore

Choosing the right broadband package for your home should be an easy and hassle-free experience. However, with the amount of providers, packages and options to choose from, it’s easy to get frustrated and lost among the multitude of choices currently available. With the addition of telecommunications provider MyRepublic, recently in the news after raising a massive S$70 million round to accelerate their consumer offerings, the race to win the broadband market in Singapore is as intense as ever. With new players facing existing incumbents, consumers have cause to be excited as prices drop and broadband quotas increase. In this...

Read More

5 Year-end Holiday Destinations & How Much They Cost

  With year-end approaching, avid travelers are already on the lookout for their holiday getaway to end 2017 with a blast in fancy hotels, tours, and five-star meals. Every traveller wants to travel longer, see and do more yet they plan a short vacation or see fewer places because they think it would be too expensive to travel longer and to go to all must-see places. Various travelling resources, such as travel credit cards, if you use them right, travel can be done cheaply without sacrificing comfort. Travel credit cards are crucial to reducing your travel costs and making...

Read More

How Much Does A Car Cost in Singapore vs Malaysia?

The cost of owning a car goes for as long as you own the vehicle. The upfront payment of a car is just the beginning of your expenses. Apart from that you have to factor in loan financing, road tax, motor insurance, fuel consumption, maintenance costs, and depreciation as some of the hidden costs such as repairing a car. Last year, the total number of vehicles ownership in Singapore, led by cars, has dropped for third consecutive year. According to statistics released by the Land Transport Authority, the private car population fell by 4% to 552,427 – the lowest...

Read More

3 Things You May Not Know About Your Insurance Agent

You might already have noticed this, that the term ‘insurance agent’ has long been replaced by fancier versions such as ‘life planner’ or ‘financial advisor’.  It’s not hard to imagine why they need an image overhaul. Insurance agents have, for the longest time, evoked some sort of a mixed love-hate response. Some people want to avoid them unless absolutely necessary, and some have truly built a good relationship with their agents and trust them to dispense sound financial advice and suitable product recommendations. Before you go shopping for an insurance policy, there are things that you need to watch...

Read More

Here’s Why You NEED to Have Good Credit Score

Credit score is an integral part of our everyday lives now. From credit cards, auto loans to mortgages, credit has not only brought us convenience, but also helped us in achieving many financial goals such as owning that dream house or car. It is important for you to build and keep a good credit score in your financial life. A credit score is a number that indicates how likely an individual is to repay his debt. It is a major consideration used by banks and lenders to determine if they would approve your credit or loan application. Having a...

Read More

Like us on Facebook

Follow us on Twitter