It’s Not Impossible To Build An Emergency Fund

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  We all know that we need to save for that rainy day, and many Singaporeans have had cultivated some form of practice of saving money starting from their very first piggy bank. However, as more life options and commitments enter the picture, the concept of the emergency fund can start to get a little muddled. Just how much should we save, how do we go about it, and where can we best … [Read more...]

What Does Socially Responsible Investing Really Mean?

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Fair trade products and ethically responsible consumption are probably not strange terms to you.  Many heavyweight companies are increasingly making sure that they engage in socially responsible and fair business practices, including paying producers and their workers a fair and just amount or purchasing raw materials that are obtained from sustainable sources. Socially Responsible Investing … [Read more...]

What’s the True Cost of Car Ownership in Singapore? You Don’t Want to Know

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Let it be said that buying a car in Singapore is about the worst possible investment decision you can make. Not only does it depreciate in value 10% each year, but also at the end of those 10 years, you have no choice but to take the Preferential Additional Registration Fee (PARF) rebate and register a new car – or scrap it! That’s unless you really love your car and want to spend another … [Read more...]

Iskandar Malaysia is Only Going One Way – Down

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Just like the California Gold Rush of 1849, investors, both local and foreign have been flocking in droves in the past three years to the region of Iskandar Malaysia to purchase property. Now, the party is over and the fat lady is clearing her throat. In the past three years, it seemed like nothing could stop the Iskandar train. Malaysia’s richest man Robert Kuok, Australian billionaire Lang … [Read more...]

7 Proven Ways to Reduce Your Petrol Costs in 2015

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According to the Land Transport Authority (LTA), the average Singaporean drives almost 19,000km a year. If the average car holds 60 litres of petrol and has a fuel economy of 15km per liter – petrol will end up costing about S$2,400 to S$3,000 a year, depending on the fuel grade (S$1.90 to S$2.30 per liter). Yes, petrol is an expensive operating cost for car owners. Fortunately, there are ways … [Read more...]

Credit Cards With Awesome Sign-up Gifts & Bonuses You Shouldn’t Miss

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What was the last sign-up gift or bonus you received when applying for  credit cards? If the only thing you got out of signing up for a new credit card was a stuffed animal, a cheap corporate gift (read: keychain and power bank) a S$20 voucher or nothing at all – you’ll definitely want keep to reading. Today, credit card issuers offer more than just cheap trinkets to entice you to sign up. Now, … [Read more...]

How to Win the Social Battles You Face Living Frugally

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There are two ways to live: how the society expects you to live and how you actually want to live. If you are fortunate, your idea of living will match that of the society. Unfortunately there are not a lot of people whose ideals match up with the ideals of the society. We have our own priorities and wants and needs, which include being frugal, but since we do not live in isolation; we end up … [Read more...]

Credit Cards Every Singaporean Needs for Serious Dining Out

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According to MasterCard’s latest survey on consumer dining habits, Singaporeans are the top spenders in the Asia-Pacific region when it comes to dining out – with spending of nearly S$250 a month at hawker centers, food courts and restaurants. Then again, who can blame you for wanting to spend that much every month? After all, Singapore has some of the best tasting food in the world. But … [Read more...]

Purchases You Should Never Make With Your Credit Card

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Credit cards can be a financial lifesaver. They can help you build up your credit score faster, earn membership rewards/discounts and provide you with an emergency source of cash when you need it. Of course, credit cards can also land you in financial hell if you make the mistake of abusing them. And if there’s one credit card rule you should follow, it’s this – avoid purchasing big ticket … [Read more...]

What to Do When Your Spouse Wants to Retire Before You

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There are a larger number of couples who have an age gap between them than the ones who are more or less of the same age. Even if a couple is of the same age, it is not necessary that they would retire at the same time, depending on the field of work that they are in. Age gap or no age gap, one can either plan to retire together or choose to retire whenever they think is right, individually and … [Read more...]

FHR vs SIBOR – Game-Changing Showdown Or Overrated Spectacle?

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Every Singaporean knows that home ownership and debt independence are each other’s conceptual nemesis. Unless you have a multi-million dollar trust fund to bank on, you will be confronted with the justifiably intimidating challenge of buying a home and an unforgiving noose of debt around your neck you must fight out of before the bankers play hangman with you. Luckily, banks are also committed … [Read more...]

Dangerous Credit Card Mistakes That Are Guaranteed To Land You in Debt

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Nothing boosts your spending power faster than having a few credit cards. It’s a matter of simple arithmetic – each credit card you possess right now has a credit limit that’s easily 3X to 4X your monthly income. And then there are credit cards like the American Express Platinum Credit Card that have no established spending limit. That’s a pretty scary realisation – to know that you have all of … [Read more...]

Uber – Does It Deliver the Taxi Service Revolution It Promises?

Owning and maintaining a vehicle in Singapore is not just a casual choice of expenditure the average citizen can afford to make. In fact, even cab fares can sometimes be a pain to deal with financially when one has to contend with the living costs in one of the most expensive cities in the world. However, Singapore still maintains one of the most active taxi riderships in the world with over one … [Read more...]

Financial Infidelity – Is Your Partner Telling the Truth?

As if being cheated on by your spouse was not enough, being financially cheated by them is both mentally and financially taxing. It is also one of the major reasons for a divorce. And this unpleasant phenomenon is called financial infidelity. Even though one rarely knows about it until one gets married (not anymore though, now that you are reading this), financial infidelity is quite common among … [Read more...]

Top 10 Financial Milestones Every Singaporean Should Look Forward To

In a recent study conducted by Nielsen, it was reported that nearly two-thirds of Singaporeans share the optimistic belief of achieving their financial goals in the future. However, we all know life would be a whole lot simpler if survey optimism was an indicator of our financial destiny. The financial expectations and needs of Singaporeans at each stage of their life are variable, and a … [Read more...]

Top 10 Financial Milestones Every Singaporean Should Look Forward To

In a recent study conducted by Nielsen, it was reported that nearly two-thirds of Singaporeans share the optimistic belief of achieving their financial goals in the future. However, we all know life would be a whole lot simpler if survey optimism was an indicator of our financial destiny. The financial expectations and needs of Singaporeans at each stage of their life are variable, and a … [Read more...]

Forex Fever – To Trade or Not To Trade

Like everything else in this world, foreign exchange or FOREX trading comes with its own set of pros and cons. Yes, it does seem like peaches and plums with a hint of exciting and bitter dark cocoa syrup, but it could prove to be bitterer than you would have imagined. What attracts more number of people towards Forex trading is the promise of fast cash, a 24 hour market and easy access. With … [Read more...]

9 Apps That Will Make Your Family Holiday Trips A Lot More Pleasurable

When your sole yearly vacation with family or friends is around the corner, the last thing you want to do is get stuck with petty obligations and complications to hold your trip hostage and exacerbate your jetlag. Whether you plan to fly across Paris, New York, Amsterdam, China, Bangladesh and Hawaii in the span of a couple of weeks, your trip can be as comfortable as you make it with a little … [Read more...]

6 Smart Investments to Make Instead of Buying the iPhone 6

With the launch of iPhone 6, the Apple fever is at its peak once again. Some of the more fanatical lot of Apple fans even camped outside the Apple store several hours before its official launch. Of course no one cares about the amount being spent on it or the fact that it is ridiculously expensive considering what all that iPhone 6 has to offer. The brand is the gold that glitters in the eyes of … [Read more...]

What’s Your True Financial Personality?

The handling of one’s money is not as simple as spending a part of what you earn and saving the rest. It will not come as any surprise that everyone has their own way of handling their money but what might come as a surprise to you is that each person’s handling of money depends a lot on their personality. An individual’s financial portfolio is more reflective of their emotions than anything … [Read more...]