Author: SimplyJesMe

Should I buy insurance policies to 99 years old?

I am very happy to receive mails from my readers because it means you are trying to change things after reading my posts. It is heartening to read about people taking charge of their own financial situations and insurance policies. I am no guru but I am most willing to help and contribute with my personal thoughts. You can contact me through my feedback form or just send me a message through SimplyJesMe’s facebook messenger. Anyway, I have received a few queries over this and would like to address this once and for all. For a start, you need to ask yourself...

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Invest Fair 2017 – Differences of investing in 20s, 30s and 40s

Last Sunday, I had a chance to speak at the Invest Fair, together with Brian (ForeverFinancialFreedom), Alison (Heartlandboy) and Kenny (MyStocksInvesting).Thank you everyone who came as I was surprised to see the place fully packed even though there was not many people at the fair that early in the morning. I actually asked Mark (Editor at MoneySmart), our interviewer why people would listen to us since we are not millionaires or have any proven track record. He mentioned that that’s precisely why people would want to hear from bloggers, it’s because we are more relatable. We are just another normal person...

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HDB loan vs Bank loan – Why I will still continue with my HDB loan

There has been many articles on this discussion and I have been researching on it time after time. Each time I wanted to be convinced to change but I was not. So I spent some time organising my thought process and would like to share them with you here. Why I went with HDB loan in the first place? Lesser cash upfront For the purchase of HDB flat, 20% of the amount is needed as the down payment. If you have sufficient CPF funds and with HDB loan, you can pay this 20% fully with your CPF-OA account. For...

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Invest Fair 2017

I don’t talk much about investing of stocks because I know I am no guru. Particularly because I am no guru, this might just appeal to the 90% of the population who are looking to invest. The organisers said I was the first they invited. I know why, it’s likely because I am a female. It’s not easy to find a woman blogger to talk about investing, I am a good example. I rather talk about finances, travel, insurance, food. Particularly food, it’s easier to blog about it and there are so much food out there to blog about,...

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Formula vs cow milk for babies

After the comparison of the price for different brands of formula milk, I started asking why toddlers have to continue drinking formula milk. I understand that for babies below 1 year old, they cannot digest cow milk due to the high amount of proteins. Formula milk is designed to have similar proteins as breast milk, high irons and AA/DHA which is more suitable for infant development and easy digestion. The myth is that formula contains more nutrients than cow milk. Cow milk actually has higher proteins and calcium than formula milk. Formula also contains more sugar than cow milk. However, cow milk...

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Cost of raising a child in Singapore

Time really passes fast, my baby is now 15 months old! It seems just yesterday I was writing about my first trimester. With mounting family expenses. I am keen to find out how much I have spent for my pregnancy and all related expenses. Besides my prenatal and delivery cost, there are also other expenses. Let’s find out the approximate first year cost of raising a baby in Singapore. Previously, I have wrote about the 20 things you need to buy before baby’s arrival. The expenses is less than $1,200 for me. What about the daily expenses? These are the 5 main areas that is the...

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Best business account for Start-Ups and SMEs

I am on an investigative mood nowadays. After comparing the prices of diapers, milk powder, Integrated Shield Plans and kids’ savings accounts, I am now trying to find out the best business account for my own business, SnackFirst Why do we need a business acount? This is the top question especially for companies with only 1 person, aka One Man Show. The obvious reason is because we need to separate our personal and business finances. This is to ensure accountability and tracking of your finances. Business account for Start Ups Most of us thought we would definitely have to pay to maintain a business account,...

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Tian Wei confinement meal review – Excellent variety!

I have a few gripes about confinement meals during my confinement month last year. 1) Only payment by cash/bank transfer Top of the list is that I have to pay cash during the start of the delivery meals. I don’t normally keep more than $200 cash in my purse so it’s definitely very inconvenient for me. Bank transfer is also not that convenient either, especially just when I just got discharged from the hospital after delivery. 2) How fresh is the food? This is also the most common concerns I have heard in the market. Confinement services usually deliver...

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Critical illness policy and early stage vs ILP hospitalisation plan

My insurance agent sends me a newsletter every month to talk about insurance coverage and the events they held. This was done privately by them and not by the insurance company. I was pleasantly surprised this time when I found a very honest yet important piece on critical illness. Many people have been asking if they need critical illness plan. Isn’t it similar to hospitalisation plan? No, of course it is different. Can die but cannot be sick? It doesn’t have to be this way. Let’s zoom in on hospitalisation plan first.  There is MediShield Life for everyone, and...

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9 financial tips you must know during the 9 months pregnancy

Congratulations on the expansion of your family! After the initial excitement, most of you will start to have a panic attack because the responsibilities on your shoulder have just gotten heavier. Taking care of another family member is going to put a dent on your finances but don’t get so stressed that you start taking on a part-time job or borrow money. You have 9 months to prepare and manage your financial health before you welcome this bundle of joy! Here are 9 tips on how I managed my finances, which I think could help all new parents embark...

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You need to be rich to date my daughter

A single mother brought her 3 daughters up single handedly. Now all she wishes is for her children to live happily and healthily. No, that is not the only wish. She wants them to all live in abundance and preferably in wealth. The wealth criteria she based it on 3 things: 1) Earning more than $5k 2) Able to afford a condo 3) Drives a car This wealth criteria is easily fulfilled by her 2 son-in-laws. One is a doctor, another is an accountant. So naturally, she would also want the same conditions imposed to the third potential son-in-law....

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How to Stretch Your Dollar on Groceries with Your Credit Card

Being a parent of a 1-year-old baby is tough financially and it has made me more eager to stretch every dollar. Here I am going to compare some credit cards to see which will give me the most rewards or rebates. As a family, my main expenses are usually spent on these things: 1) Groceries – Household items, wet wipes, snacks, fresh ingredients to cook at home. 2) Online shopping for groceries – Bulk quantity is cheaper especially for milk powder and diapers, and I can easily get free shipping too! Dining rewards are not especially important because we rarely...

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The ultimate price comparison of Integrated Shield Plans (IP / Riders)

Health is wealth. Without health, you cannot enjoy anything, even with all the money in the world. However, we occasionally take health for granted. As I aged, I start to see more illnesses happening around me which are constant reminders that I should put in more efforts to maintain good health. However, I can only do so much to prevent illnesses from happening. So, it’s due time I do a post on hospitalisation plans aka Integrated Shield Plans or Riders. I kept delaying this even though I get many queries on this. Reason being, it is complicated and a...

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The ultimate price review on diapers in Singapore

After the price comparison for milk powder, I have to look at the other big expense for a baby, which is the diapers. Most parents would have close encounters with poop or urine within the first year. If you have not been through an explosive diarrhea episode, you are lucky! For families who use cloth nappy and wash them, I salute you! You totally deserve the savings because I would rather spend the money than wash all the poop from the nappy every day. Diapers are truly the sanity life savers to working mothers! Picture by ParentingPatch Manufacturers like...

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Comparison of Kids’ Savings Accounts

Most of us have a POSB bank account when we were young as it was the only bank for children those days. Nowadays, seems like all the banks have kids’ savings accounts and they come up with many different ways to attract the kids’ angbao money. After the comparison on the bank accounts for adults, I intend to compare the banks accounts for kids too. I think having a kid’s account is a good way for your child to understand the concept of money and savings and even compound interest. However, I don’t encourage parents to allow them the...

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