Author: Seedly

Singaporean’s Ultimate Guide: Supermarket’s Grocery Price Comparison

We have four major supermarkets in Singapore (and maybe one really popular atas supermarket), selling everything the average Singaporeans need. We know that these supermarkets do defer to what they sell but HOW MUCH difference is there in the prices of their products. In order to compare the prices between the different supermarkets, we will be looking at specific categories and product ranges to identify the price. Also, since some supermarkets do sell different products we will compare the price range as well as the variety. So, before you figure out which supermarket you need to go to, here...

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Singapore Lifting Car Warranty Restrictions: A Game Changer for Car Owners?

On 11 Dec 2017, the Competition Commission of Singapore (CCS) announced that it will soon be lifting warranty restrictions that require car owners to get their cars serviced only at predesignated workshops. By freeing drivers to service their cars at any workshops of their choice without worrying about losing the warranty on their cars, this measure is meant to make car maintenance more affordable. But is this really a game changer for most car owners in Singapore? Here is ValuePenguin’s assessment of potential impact of this policy on driver in Singapore. At least 30% of car owners could benefit from this...

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The 6 Key Differences Between Trading and Investing You Need To Know About

It is now 2017 nearing 2018 where majority with an electronic device can easily gain access to the securities market without stepping out of their house. With investing and trading made easy with advancement of technology, this article breaks down the key differences between the two whilst keeping terminologies as simple as possible. TL;DR – Key differences between Investing and Trading   Investing Trading How it works Buy and Hold then Sell Buy then Sell Sell then Buy (Shorting) Strategies Buy and Hold Scalping (Intra-day) Day trade (Daily) Swing Trade (Weekly) Seasonal (Monthly) Duration Usually Long-term Usually Short-term Direction...

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3 Things That Your REIT Might Be Hiding From You

What are REITs? REITs stands for Real Estate Investment Trusts. Investors invest in REITs directly or indirectly through mutual funds. REITs are very popular amongst investors looking to kick start their “dividend investing journey” due to the high levels of distributable income. Read also: Working Adults: Guide to REITs Investing in Singapore Simply put, a REIT is a trust that invests in commercial properties (hotels, offices, retail spaces etc), which are then rented to tenants. Rental collected will then become cash flow to the REIT. A sizeable amount of that cash flow will then be distributed to the REIT’s unitholders....

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Chinese Astrology: 2018 Personal Finance Advice For The Individual Zodiac

The year 2017 will be coming to an end. As we usher in the year 2018, we look upon what some of the predictions might be for various Zodiac in the year of the dog. Realising that most of this predictions do not provide practical solutions, we decide to offer our humble content which will help you have a smooth 2018 ahead! For better accuracy of the prediction, we combined the predictions by Fengshui consultant Joey Yap and Feng Shui Beginner. The rest is strictly the 2-cents of Seedly. Dog Career There will be many obstacles and difficulties at your workplace...

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9 Highlights on Basics of Passive Investing At Seedly Year End Party

9 Key Takeaways From Seedly’s Year-End Party To end the year 2017 on a high, Seedly Personal Finance Community had our year-end party over at SGX Academy. The topic of Passive Investing was picked by our community members through a Facebook poll.  Given that the Community’s wish is our command, we went on to get in touch with experienced speakers who are well-versed in the topic. We managed to invite James Yeo from SmallCapAsia and Alvin Chow from DrWealth to share their knowledge with our community and below are the highlights of it. 1) Common misconceptions Insurance = Financial Planning Insurance...

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Travel Hacks: Should I buy overseas SIM card or data locally when travelling?

Staying connected through internet connection becomes as important as the food we eat and the air we breathe. This is especially so when travelling, with the need to update our social media feeds or to do a quick Google search on the most recommended place to dine or places to visit. Stories of travellers being slapped with huge phone bills after forgetting to turn off their data roaming are no strangers to Singaporeans. Spending a huge chunk of your fortune just for data access is definitely not a smart way to end a getaway. There are definitely ways to...

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Weekend Plans On A Budget: $20, $40 and $60

Majority of Singaporeans who have lived in Singapore would have realised that the things we want to try for fun are extremely expensive. That should not stop us from enjoying ourselves over the weekend. Here are some ideas to explore during the weekend on a budget! Weekend Plans On A Budget   Low Budget: $20 Hikes/Bike Rentals $20 is very little money especially when you plan on going out during the weekends. However, no money should not mean no fun! Go out and get active by going for hikes which are totally free or rent a bike using the Obike...

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A Couple Can Save An Extra $120K By Just Following A Simple Budgeting Rule

Budgeting as a couple has its many pros and cons. Individually, we have to move on from the mindset of caring only for our own financial needs to balancing your budget with the needs of your other half. Once a couple is able to move past this mindset, they become teammates in this long and tough journey of saving up for the future. Seedly wrote an article on how one can allocate his monthly salary using the 50/30/20 formula. The Formula To Budgeting – 50/30/20 If you are new to budgeting, figuring out where to allocate your pay cheque can be...

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30 Best Christmas Gift Ideas Below S$20 for Secret Santa (Singaporean’s 2017 Guide)

Finding the perfect gift for your Secret Santa gift exchange can be a CHORE at times. In fact, I find it more taxing than coming out with dining options for a really indecisive date (just saying). ” Headache la sial!” The main difficulty of choosing the perfect gift is mainly due to a few factors: The budget is usually small to get anything legit or luxurious. The gift is usually revealed in front of a group of people, which means anything too shady becomes an instant judgement of your character. At times, we do not even have any idea of...

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Holiday Destinations for under S$600 during Christmas and New Year Holiday 2017

We recently wrote about long weekend destinations for the long weekends in the year 2018. However, if you are too impatient to wait for any of the long weekend destinations for the year 2018, how about looking at the most immediately holidays to clear your annual leave? Our content partner at Value Penguin takes a look at some of these places without breaking your bank. They also did a really useful comparison on using of miles for your getaway! The end of the year is a popular time for travelling with Christmas and New Year just around the corner....

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Which Should You Choose for 2018: Cashback or Miles?

The smarter options to pay If you were already going to spend on a monthly basis, why not get rewarded for it as well? Most of you who are reading this would most likely be planning your 2018 strategy and reviewing your current cards to see if they are up-to-date. This is the article to help you simplify this decision-making process! A word of warning: We do not recommend you to get credit cards if you are unable to pay your bills in full, or have the tendency to overspend. Consider a DEBIT card instead! Credit card fees are...

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Community Giveaway: Learn About Passive Incomes And The Power Of It

Is investing really better than saving? Before diving straight into the importance of investing (which many financial blogs have already written about), Seedly would like to take a step back and provide our opinion on which is more important. If we were to be politically correct, BOTH are as important. But to ensure that you are on the right track, we would like to request that you spend some time understanding your current situation in life. Here are the pros and cons of both savings and investing:   Savings Investing Goals – Short Term– Cash funds for unplanned or planned...

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5 Convenient Ways To Earn Money On The Side

Wishing you had more money? For many working adults out there despite earning a regular income, you may find yourself hoping you had some spare cash. This does not only affect working adults but students as well, how do you earn extra money if you already have a part-time job? GrabHitch, Airfrov, Carousell, Focus Groups, Online Survey   Not to worry! Here are 5 convenient side jobs you can do to earn money without any commitments! GrabHitch If you already own a car and use it to drive to and from work or school, being a GrabHitch driver is...

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Hacks To Clear Your Debts Fast And Effectively

We read many reports on the rising household debts of Singaporeans and how it is one of the highest in the region. It does not matter whether household debt is a good indication of our debt problem, there is one thing we know for sure. The average household debt of Singaporean is at S$55,112 per capita. The household debt is defined as the amount of money that all adults in the household owe financial institutions. It includes consumer debt and mortgage loans. This means that by a certain age, Singaporeans will find themselves knees deep in debt, be it from their mortgage loan,...

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