Author: JYKL Saving and Investment Blog

POSB Cashback Bonus

Hi Everyone, I believe most of you have heard about POSB Cashback Bonus program introduce by POSB (obviously). After reading the requirements online, I find that this might be a good way for me to earn some cashback if I buy my property next year and get a loan from POSB. If I manage to do that I think this will be an additional passive income for me! The requirement as shown in the picture below So if I were to get it, I will be aiming for these three requirements, 1) Credit Card, 2) Home Loan Installment (condo...

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Personal Passive Income and Expenses Monthly Report – September 2016

Hi Everyone, This post might not contain much information regarding my expenses because I was too busy this month with my wedding preparation that I did not keep track of my expenses. On top of that, I guess I over spend too much this month as well which is due to wedding expenses. For my personal target, I have cleared my passive income of $1,500 in the year of 2016! Another target down. Hopefully I can hit $2,000 worth of passive income by the end of this year. (Probably should add that in!) And this is the result of...

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Personal Passive Income and Expenses Monthly Report – August 2016

Hi Everyone! This post might come a bit early but just two days won’t make any much difference. I just got my recent salary increment, which is around $200, feel very happy because an increment is an increment, and I have hit my targeted salary, making $4,000 per month! One target achieved, 4 more to go! Secondly, I just received $64 worth of dividends from Singtel, which is a good thing and this raise my passive income in 2016 to $1,405.65! Well, it might be little, but my actual investment journey starts mid of next year (after I purchase...

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Personal Passive Income and Expenses Monthly Report – July 2016

Hi Everyone, Finally, it is the end of July 2016 (in fact today is the first day of August), as this is a monthly personal financial report, I will be doing a summary of my passive income, expenses and savings in this blog post. With this blog post, I will be able to note down my progress every month. Investment and Passive Income – July 2016 My investment still remains the same as compared to June 2016 as I did not make any move into purchasing or selling any shares. Currently the market is pretty unstable (sometimes bull and...

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Pokemon Go! Potential Expenses For Most Players

Hi Everyone! Today’s topic is about the potential expenses for most players when playing the game, Pokemon Go! I truly understand the hype of Pokemon Go, because I am one of the player who is waiting for the game to be available in Singapore. So let me share some of the potential expenses that might incurred in some of the players. 1) In App Purchase Pokemon Go as well as other free games like Clash Royal, have in game purchases which would will or boost the player’s ability to gain higher level or become stronger. In Pokemon Go, you...

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5 Things Learnt When Dealing With Cost Management for Wedding

Hi Everyone! As I am in the process of preparing for my wedding, which is at the end of this year, and also I have come across a few blog post about wedding budget, with that I shall share my humble opinion on the topic of Cost Management for Wedding Budget. As many people have mention, wedding is a once in a lifetime event so some couple will spend quite a sum of money to have a grand wedding with hundreds of guests attending the ceremony. Of course, this is not wrong, who wouldn’t want a memorable wedding that...

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What To Do If You Are Too Lazy To Keep Track Of Your Expenses?

Hi Everyone! In order to build your own passive income, it is always important to save more money while you are working so that you can invest those savings into different instruments for good returns. So in order to build your own portfolio, you will need more money in order to generate decent amount of passive income to support your monthly expenses, in order word, achieving financial independence. So most of the people would suggest to start monitoring your own expenses in order to achieve your monthly saving goals. At the start, you might be able to diligently keeping...

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[Saving Quest] Increase Your Saving By 2% Every Month

Hi Everyone Previously, I have mention about the 26 Weeks Money Challenge. The 26 Weeks Money Challenge is the first basic, if you are confident enough to clear the 26 Weeks Money Challenge with ease, go this this level of challenge. This level of saving quest is to increase your monthly savings by 2% every month until you hit your desire target like save 60% of your annual income with the current saving level of just 40%. This will gives you more steady improvement in the long run rather than straight away jump to your target which might affect your...

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What Is A Good Investment Plan (Part Two – Goals)

Hi Everyone, This post is the continuation of the “What Is a Good Investment Plan” – Part One – Financial Needs. Question on what Is A Good Investment Plan? Recently (After I posted the part one on what is a good investment plan), I have received emails on asking that why a good investment plan requires us to know the financial needs, goals, liability and etc. rather than finding a high returns in both capital and dividends, isn’t that the most important thing? Of course, high capital gain and dividends will certainly be welcome by me (who wouldn’t want to...

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Saving Challenge – 26 Weeks Money Challenge

Hi Everyone! Last year, I have posted a challenge for all the readers to see who can actually complete the quest of 52 weeks Money Challenge! (http://jyklmoneyblog.blogspot.sg/2015/01/saving-challenge-52-weeks-money.html) My result is that, I didn’t follow it when it is halfway through because I totally forgot about this challenge since I have switch to wordpress for a couple of months before jumping back to this blog. However, I have do a rough counting on the remaining weeks before the end of the year and found out that there is exactly 26 weeks before the end of 2016. (which means that we...

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How to Start a Blog That Makes $124,074 Per Month [Infographic]

When people think of bloggers, they primarily think one of two things: Either a young teenage girl with too many emotions who is maniacally typing away at her computer and reveling at the unfairness of the world, or a middle aged woman with too much time on her hands who wants to make a few friends. Well, while those bloggers are certainly out there somewhere, the face of blogging has changed. It’s no longer a hobby used to quell loneliness and discuss feelings, but rather a lucrative business venture that can help turn self made individuals into extremely successful...

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What Is A Good Investment Plan (Part One – Financial Needs)

Hi Everyone, Before we move into this topic, it is essential for the readers to know that I am not a certified financial consultant or adviser, just a normal financial blogger who is sharing my own experience when it comes to financial savings and planning. So do not 100% follow my view on this matter and it is always better to do your own research. Okay, now let’s come to my view on what is a good investment plan. Before we dwell into this topic lets first understand what is an investment plan Definition on Investment Plan:  The placing...

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Personal Passive Income and Expenses Monthly Report – June 2016

Hi Everyone, Finally, it is the end of June 2016, as mention in the previous monthly report post, I will be doing a summary of my passive income, expenses and savings in this blog post. With this blog post, I will be able to note down my progress every month. So below is my report for June 2016: Investment and Passive Income – June 2016 My investment still remains the same as compared to May 2016 as I did not make any move into purchasing or selling any shares. Understand that Brexit event would have been a good opportunity...

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Understand Yourself Before Starting Saving/Investment Journey

Hi Everyone! Today’s topic is about understanding yourself before you start your investment/saving journey. This is important because it can greatly affect your portfolio and the returns that you can generate. These are some of the questions that you can asked yourself or make sure that you know about yourself before getting started. Is Your Determination Strong Enough To Complete Every Task? This question is important because financial saving/investment requires determination before you can reach that financial goal of yours. The reason is because in order to reach the financial goal via saving/investment, you would need to give up...

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HOW TO ESCAPE LIVING PAYCHEQUE TO PAYCHEQUE IN SINGAPORE

Hi Everyone! For most salary-man (employee), there are certain date that we are certainly happy about, which is the date where we receive our salary! That’s because we will have money to do whatever we want. However, as a financial blogger, there are some things that we certainly have to look out for when we receive our paycheck. One of the thing is living paycheck to paycheck. Although most people might view this as quite common and perceive as not as harmful as they will still get their paycheck next month, but the consequences will surface when one loses...

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