Author: Seedly

How To Score Quality (Including Designer) Clothes For $85 And Below

Shopping for high-quality clothes in Singapore is expensive. In Singapore, a pair of quality heels can cost over $250, a nice dress over $300, and a quality handbag over $500. As a young professional in my mid-20s, I sometimes feel sandwiched between the desire to wear such well-made, high-quality clothing to exude that additional air of professionalism, and my inability to justify such purchases that would take up a good portion of my monthly income. Thankfully, I managed to find ways to score these items on the cheap. TL;DR: Where To Get The Best Deals For Your Clothes Shopping...

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How To Read A Fund Factsheet?

Introduction to mutual fund investing For busy Singaporeans who spend most of their time at work, unit trust, also known as mutual fund provides a very hands-off approach to investing. Here are some quick pointers on what a mutual fund is: It pools money from a large number of investors to invest The money is managed by a paid Fund Manager, which determines the day to day investment decisions and operations of it. The fund is then used to invest in various investment instruments such as stocks, bonds or other assets. By investing in a mutual fund, an investor...

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Step-by-step Guide: How To Open A Stock Trading/ Brokerage Account In Singapore?

Assuming you have read through the basics of investing and are now ready for the real deal. This article should bring you a step closer to investing in your first stocks. Before investing in your first stock, one will need to open a brokerage account. Below is the step-by-step guide to doing so. Open A Central Depository Account (CDP) Direct Securities Account Let us not be alarmed by the scary looking string of terminology. The Central Depository Account, or commonly known as CDP, is an account to safe keep all the shares you bought through the open market. 1. Have...

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2018 Travel Deals: When to Book & When To Fly

Happy New Year, Seedly community! It has only been 2 weeks since we’ve returned to the daily grind, but I’m sure that most of us still can’t get enough of our year-end vacations from 2017. Well, things are going to change in 2018 because you can now travel the world without breaking the bank. A simple infographic Presenting to you – Seedly’s best travel deals of 2018 (so far). Not only did we curate the best deals for air ticket discounts, we’ve created a simple infographic, so you know when to book your tickets and when to fly off....

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This Week On Seedly: Relationship Problems, Insights on Endowment Plan, Ways To Save $100 Per Month

This week on Seedly, we have quite a number of pretty interesting topics going on. Given that we are on a record-breaking week in terms of engagement on our Community, we have decided to do a quick summary of the top posts last week. You are welcome! What went down on Seedly’s Personal Finance Community (8th – 15th January 2018) Balancing religious donations with debts and savings Understanding you Endowment Plan What are some of the ways to save $100 per month? Balancing religious donations with debts and savings The context of the question: #SeedlyQnA: “My GF and I...

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Scoot’s Take-off Tuesday Sale: 2-to-go Air Tickets from $35

Terms & Conditions 1. Select your desired destination2. Enter your travel dates and ensure they are within the Scoot promotion’s travel period3. Select travellers in pairs with a minimum of 2 travellers (e.g. 2 adults, 4 adults etc) and return trip4. Look out for the ‘SALE’ icon on the applicable airline fares * To qualify for the air ticket promotions, booking must be made on Scoot’s website or via Scoot’s mobile application* Only valid on 16 Jan 2018, Tuesday* No promo code / discount code is required Related...

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7 Simple Steps You Can Take To Lower Your Bills In 2018

The new year has arrived and with that comes the possibility of an increased cost of living. In an article focusing on a similar topic, we shared three possible areas which will experience a hike in prices such as water, COE prices and a possible 2% increase in GST. Here are seven tips that we have compiled that could help you lower the cost of your bills and help you possibly save some money! 1. Reduce Your Shower Time As we all know, as of this year, the second phase of the increase in water prices has been implemented....

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Working Adult: Investment Products That Requires Less Than S$1,000 To Invest

It is official. A possible large number of Singaporeans are trading cryptocurrencies even before investing their first stock. While it seems cool to be riding the hype of this new “investment” product, let us not forget that it is our hard-earned savings that we are putting all the investment risk on. Should you have S$1,000 or lesser to kick off your investment journey, below are some products which can help you “dip your toe in the water”. P.S. At the moment, we will count cryptocurrencies out, much like how we will exclude our TOTO and 4D bets.  TL;DR –...

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Working Adults: 5 Money-Saving Hacks On Your Beauty and Skincare Spending

Seedly: How much should you spend on beauty and skincare? How much is too much? We believe in paying yourself first when you receive your monthly pay cheque. Given that beauty and skincare is considered a need, a general rule of thumb should you choose to adopt the above budgeting model of the 50/30/20 rule will be that all your expenses on needs (including beauty and skincare products) should not exceed 50% of your salary. We recommend paying all your bills first before deciding on the products to get. It’s always easy to overspend on beauty and skin products....

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Answering Singaporeans’ Question On: EC vs BTO

First House Problem Fingers crossed, couples praying to get their HDB choice unit from the Build-To-Order (BTO) exercise this month – this sounds all too familiar. It feels almost like a tradition from our parents that BTO should always be our first home. After all, this was how many of them made their first pot of gold. It is indeed true that housing may be the easy way for us to gain wealth because it becomes our asset when we sell our property at a gain. By making a few right decisions in housing, you may be able to...

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Scholarships You Should Know About Before Applying For University

With the beginning of the year, comes the buzzing amongst JC and final year Polytechnic students discussing which universities they plan on applying to and which course they are interested in. Read more: Student Loans: Should You Take Up The MOE Tuition Loan From Banks Or Use Your Parents’ CPF? Embarking on a new chapter in life is very exciting but there will always be a tinge of worry in relation to finance. For potential university students or parents of students out there, here are the available scholarships for the relevant public universities that you can consider signing up...

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Working Adults: The Ultimate Guide To Understanding Your Endowment Plan

Insurance Savings Plan (Endowment Plan) Commonly marketed as Insurance Savings Plan, getting an Endowment Plan are commonly being marketed to help Singaporeans save. A total number of 239,487 Endowment Insurance policies were sold during the year ended 31st December 2016. Endowment accounts for 48.8% of annual premiums in the industry for non-linked policies. This is despite non-linked Endowment policies only accounting for 16.2% of the number of policies sold in the year 2016. For linked Endowment policies, it accounts for 22.6% of linked policies sold and account for 11.4% of annual premiums. TL;DR: Get an Endowment only after you have...

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This Week On Seedly: Great Eastern Family3, Personal Finance Checklist, Retirement with $100,000

Here’s an interesting statistic for Seedly’s Personal Finance Community. With the crazy number of discussions going on in a week, we will be providing a summary of what went down on the Seedly Personal Finance Community for the week. What went down on Seedly’s Personal Finance Community (1st – 7th January 2018) Advice and review of Great Eastern’s Endowment Plan (Family3 Whole Life Savings Plan) Personal Finance Checklist for 2018 Options for retirement planning with $100,000. Best interest and fuss-free deposits/investments for sum between $300,000 to $400,000. Great Eastern Endowment Plan (Family3 Whole Life Savings Plan) A quick context...

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