Author: iMoney - Singapore

Your Ultimate Budget To Celebrate Singapore’s National Day 2017

It’s Singapore’s 52nd birthday, and like every year before, we can expect nothing less of a grand celebration with plenty of family-friendly events. If you’re one of the lucky ones to have gotten tickets for the National Day Parade, you’re in a visual spectacle and overload of patriotism. If you haven’t, there are still lots that you can do to bask in the glory of ‘Singaporeanism’. What’s special about Singapore’s National Day 2017? This year’s team is #OneNationTogether and there are quite a few ‘firsts’.  Fans of aerial fly-past can look forward to a signature bomb burst manoeuvre at...

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How To Get The Most Out Of The Great Singapore Sale

Brace yourselves, last-minute shoppers! The Great Singapore Sale, also known as GSS, is one of the biggest events for bargain-hunting locals and tourists alike. And if you have not done your shopping yet, you still have time to stretch your dollar at the Great Singapore Sale 2017. GSS is ending in less than two weeks’ time; August 13, 2017 to be exact. This is crunch week for all procrastinators. The days and hours to the ending of the great sale are counting down, leaving little time to finish your shopping. Here are 4 tips to help get the best...

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The Importance Of Creating A Will

  Of late, Singaporeans have been absorbed into a very significant will of a very significant family. One cannot be blamed for thinking that creating a will hardly matters when you’re the one six feet under and your heirs don’t agree with one another. However, in most circumstances, ordinary families would find that having a will makes things easier and clearer when a loved one has departed. Creating a will used to be thought of as something that only wealthy or very old and ill people do. Fortunately, more young people are aware of how early will-creation can help...

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The Ultimate Guide To Dollar Cost Averaging

You might have come across the term ‘dollar cost averaging’ when reading investment guides or when listening to your friends talk about their forays into investment. Dollar cost averaging (DCA) is a well-known and rather common investment technique that helps mitigate risks and is often employed for long-term investments. What exactly is DCA? In dollar cost averaging, you buy a fixed dollar amount of an investment on a fixed regular schedule regardless of the price of the shares. When you use DCA, you set aside, say, S$500 every month to purchase shares of Company X. When the share prices...

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The Cost Of Infertility In Singapore

As young urban couples race ahead in their careers, the thought of setting up a family may take a backseat.  Yet, our ‘biological clocks’ don’t stop ticking just because we aren’t quite ready for the baby, and some couples may face the challenge of conceiving just when they have got everything prepared to welcome a new member into the family. Of course, age is not the only factor in fertility and there are other health conditions and lifestyle choices that can reduce fertility rates.  What, then, are the options for those who need that extra help in boosting their...

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Here’s How You Can Earn Up To S$13,000 In Side Income

Living in one of the most expensive cities in the world means that the race to scurry away money for savings or even just to make ends meet is a never-ending battle. Having a full-time job that pays well enough is a blessing, but for those who need that extra boost in income, having another job on the side can be really helpful. Not only that, even if the additional cash isn’t a matter of urgency, a side income job may help you explore an alternative career that’s on your mind. Here are jobs that you can take on...

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A Complete Guide To KrisFlyer Miles

Not everyone if lucky enough to win free tickets for a vacation. However, the next best thing is a ticket that you redeem for free with your air miles. You may have come across ‘travel-hack’ articles, where people boast about how they have managed to travel the world on frequent flyer miles redeemed from their amazing credit card spending. The trick to this is to sign up for a frequent flyer programme that allows you to earn miles easily, and also give you high value when it comes to redemption. For Singaporeans, the most obvious choice would be the...

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Top 3 International Schools In Singapore & How Much They Cost

One of the many things that keep parents up at night is the education of their children. Parents who are relocating to a foreign country may find the search for a good school to be a daunting affair. Fortunately, the dilemma in Singapore is a good one to have, as there are many international schools that offer the academic syllabi of various countries as well as differing education philosophies. To add to that dilemma is the fact that Singapore’s education system is one of the best in the world and it sits atop the PISA global ranking, beating the...

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SMRT Taxis May Be Up For Grab: What Does It Mean For Your Taxi-hailing Days?

SMRT is apparently in talks to sell its taxi business to Grab, and if all goes through, it won’t be long before the familiar SMRT taxis vanish from our roads. What’s the Deal? Why is SMRT selling its taxi business anyway?  Well, it seems that Temasek, its holding company, wants SMRT to get its act together and focus on the rail business to make the MRT and LRT lines reliable, just like they have been… many, many years ago. Not only that, Transport Minister Khaw Boon Wan has also set a new reliability target, which will be a 72%...

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5 Money Mistakes Young Singaporeans Do & Ways to Avoid It

Money management is one of the sexiest things to think about when you’re young and… living on planet Mars. Not many people get a kick out of managing their money, but think about it this way – if you don’t learn to manage it, it’ll turn round to manage you. Here are some of the most common mistakes made by young Singaporeans and what you can do to get a little more savvy with your pennies. 1. Not Having a Budget, or Not Keeping to It Not having a budget can be very liberating, and the initial burst of...

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How Much Is The Real Cost To Hire a Maid in Singapore?

Hiring domestic help in Singapore is a fairly common practice.  In many dual-income families where both parents work long hours, domestic help is often employed to cope with household chores and with taking care of the kids and old folks. If your life circumstances have changed and you’re considering hiring a domestic helper for your home, one of the first concerns you may have is the financial cost. The helper’s salary is only one aspect of it, so read on to find out how much it really costs to hire a live-in domestic helper. 1. Helper’s Salary The helper’s...

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It’s Not Impossible To Build An Emergency Fund

  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 store that rainy day stash? Why Should You Have an Emergency Fund? Some like to spend till the last dollar, some don’t like categorising their savings,...

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What Does Socially Responsible Investing Really Mean?

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 (SRI) runs along a similar vein, and investors consciously put their money in companies that create a positive impact in society. [block type=”content”]In the past, this meant something as simple as not investing in tobacco or firearms companies.  These days, it could mean investing...

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

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 S$60,000 to S$100,000+ on renewing the Certificate of Entitlement (COE) for another 10 years. And that’s not even counting the 10% increase in road tax...

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Iskandar Malaysia is Only Going One Way – Down

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 Walker, Valencia’s adopted son Peter Lim, and a host of other big players had invested huge sums of money in the region. Kuok had purchased RM198.72 million worth of land last year...

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