Author: Seedly

An Easy To Understand Retirement Checklist SG 2017

One of our community members asked a question on retirement planning that got us thinking, “How do I know if I am ready to retire?”. We have pulled out some of the suggestions from other fellow community members and created a checklist to help get you started! 1. Decide Your Age Of Retirement Before you can even think about your plans for retirement and what you would like to do, identify the ideal and most realistic age for your retirement. Although the actual age of retirement is 62, most Singaporeans set retirement at the age of  65 because CPF...

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Here Are Some Hacks You Need To Know For Singapore Savings Bonds (SSB)

Singapore Savings Bonds (SSB) Singapore Savings Bonds are issued by the Singapore Government, to provide Singaporeans with a safe and flexible option for a long-term saving of up to 10 years. What happens if the interest rate that is declared is a better rate than what you invested at? Let us find out more below! Advantages: No penalty for individuals who wish to get their investment back early (the longer one holds on to the bond, he is then rewarded with a higher interest rate) One of the safest product rating in the market (backed by the Singapore Government) Start...

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7 Must Have Travel Apps for an Overseas Trip

If all our overseas trips worked like they do in movies, then we’d backpack through different countries in absolute luxury, with only the bare minimum of negative experiences like getting lost or getting a culture shock. Unfortunately, planning for a journey in real-life does not involve ten-second luggage packing and check-ins that take only a few seconds. Travelling is difficult. Apart from making sure you’ve packed correctly, you also have to make sure that each and every detail of your itinerary runs like clockwork, though you could choose to take it slowly and figure things out along the way...

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Why Growing Your Money Is Like Planting A Seed

The origins of Seedly If you may have noticed, our startup’s name is Seedly. Many people often confuse us with being an agricultural or green startup. However, we have a slightly more unique spin to the origins of this story. “Someone is sitting in the shade today because someone planted a tree a long time ago.” – Warren Buffett Over the weekend, I was traveling abroad in Indonesia and noticed something very interesting. There were large fields of agricultural farms which were either fully grown or completely empty, with seeds sown and little saplings growing. It dawned on me,...

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The Ultimate Cheatsheet: Cheapest Stock Brokerage In Singapore

Assuming you are all ready to kickass in your investing journey, there are a few things you need to consider to get started. Brokerage Account – Factors To Consider With your CDP account settled, one can go “shopping” for the best brokerage account. Very much like opening a savings account, there are a few factors one should look out for. 1. Brokerage Fees The brokerage fee is charged by the platform provider to conduct transactions between buyers and sellers. Most brokerage firms charge based on a percentage of the size of transactions and involve a minimum fee, whichever is...

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Answering Singaporean’s Question: Does It Make Sense To Be Getting A Degree?

Many tertiary students are facing yet another milestone. To get a degree or not? Poly students are stuck between wanting to work right after obtaining their diploma and getting a degree, but is it the better option? Degree vs Diploma In this article, we break down the cost of obtaining a degree and compare the salaries of fresh graduates from polytechnics and universities. Course Diploma Degree Business $2,000 $3,600 Engineering $2,200 $3,200 Science $2,350 $3,600 Design $2,200 $3,200 Information Systems $2,000 $3,300 Out of the number of students going into a degree, approximately 70% of those students are from...

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Types Of Savings Accounts You Should Be Having

We’ve all had moments in our lives where we are mindlessly saving or just aren’t sure what to save for. Following our article on the best savings accounts for working adults, we need to consider the type of saving accounts we should be opening and what to use them for!   Expenses Short term expenses When deciding on your expenses you would want to set aside one for your day-to-day spending. With money in your bank, you would be able to withdraw it as and when you want and not have to worry about leaving your cash at home. The...

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Cheap Flights For Leftover Leave During The Holidays

We’re two months away from the end of the year! Many of us are probably looking for flights that we can use to clear our left over leave. Without thousands of us Singaporeans usually failing to clear our leave, here are a few destinations you can go to with affordable tickets. One Week – London, Athens, Reykjavik For those of you who were saving up all your leave days for the end of the year, it’s time to use it now! Skyscanner’s data reveals that London is the cheapest long-haul trip of 2017 starting from $587. If London is...

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Answering Singaporeans’ Question: Should You Cancel Your Investment-Linked Policy (ILP)?

A typical Singaporean’s experience with an Investment-Linked Policy (ILP) I was sold an investment-linked policy. Equipped with minimum knowledge on insurance upon graduation, I went on to seek advice from an agent and were recommended one single plan that takes care of all my needs. It allows me to invest and save with only $100 each month. To top it off, there is an insurance element to it!   “I was sold, until years later, I cancelled my policy at a loss.” * Disclaimer: Seedly has a neutral standpoint when it comes to every insurance policy. We are not...

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What A GRAB Driver Taught Us About A Real Personal Finance Lesson

An insightful conversation In a recent FB LIVE with Christopher Tan, CEO of Providend and Eddy from DIYinsurance, we distilled some real personal finance lessons for many Singaporeans. Towards the end, we learned about an interesting conversation he had with the GRAB car driver he spoke with on his way to the show. You can read the full summary of it here below or you can watch the facebook live video here. It all begins with your Perspective of life A GRAB car driver picked Christopher up in a Lexus sedan, and he asked the obvious question which many...

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BTO: Here Are The Estates Launching in Nov ’17

With the upcoming BTO selection exercise starting in November, many of us are eagerly scrolling through the different estates and figuring out where would be the best place to settle down. Get started by checking the estates launching this coming November! Estates For Upcoming Sales Launch Sengkang Punggol Tampines Geylang The upcoming sales launch has 2 non-mature towns (Sengkang and Punggol) and 2 mature towns (Tampines and Geylang). Couples looking for an estate closer to town, you would be interested to check out Geylang and Tampines but with MRT services located all around Singapore, getting to town from Sengkang...

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How Poor Are Singaporeans: Monthly Household Income vs Household Expenditure

Do you know where you stand among fellow Singaporeans in terms of household income? Now, go on and sum up the income of all the income earners in your household, does it give you more than S$8,846 per month? If it does, congratulations, you are better off than 50% of Singaporean household! But, have you ever compared your income to Singapore’s cost of living? Key Takeaways: At least 20% of Singaporeans are earning less than their monthly expenditure 🙁 Singaporean’s households spend an average of S$4,839 per month. Two ways to do better for household finances: Pegging your expenses in...

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50% of Singaporeans Don’t Know About These 7 Money Hacks

Singapore is expensive Let’s face it, the cost of living here has been going up and income levels are stagnating. In the past few months as personal finance writers, we have been fortunate to be exposed to the different financial hacks that you might probably be missing out on. Community: Over 100 ways to save In fact, we asked a simple question recently in our community which brought in a huge array of ideas to make smarter financial decisions in our lives. Here are the TOP 7 ideas which we compiled and it’s definitely worth a share! #dontsaybojio. 1) Choosing...

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Cost Of A Baby In Singapore

We have given you tons of advice on weddings and housing, helping you prepare for a life together! You are at that point in your life where you have to make another big decision, to have a baby or not to have a baby? (Or you’re already expecting if that’s that case, CONGRATULATIONS!) As we all know, raising a kid is no easy feat especially in Singapore where you will find yourself spending thousands of dollars even before the baby is born! Cost Of Prenatal Checkups: $6000 – $29,500 Prenatal Check-Ups – $2000 The first trimester usually carries the...

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SG Peer-to-Peer (P2P) Lending Platform: Funding Societies vs MoolahSense vs Capital Match

Why a Peer-to-peer (P2P) lending Platform? One common challenge when running any business is funding. For young businesses especially, getting loans through the banks can be a challenging due to a few reasons: The lack of collateral (necessary for bank loans) Young credit history (which makes banks reluctant to loan) Imperfect financial record Long processing time With peer-to-peer lending platforms in place, small businesses now have a new avenue to turn to, when in need of funding. How P2P lending works? P2P lending platforms connect the public to businesses in need of funding. Public investors can lend money to...

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