Author: Seedly

5 Dirty Things Shops Do: Pricing Tactics

At Seedly, we love to share ways to help you make smarter personal finance choices. Here in this article, we will be sharing with you 5 dirty pricing tactics that shops do with that we unknowingly (sometimes also willingly) fall for. This article should make you more aware of such pricing tactics to prevent you from falling into their trap. These are actually psychological pricing tactics. What is Psychological Pricing? It is a tactic commonly used targeting consumers who react to prices with emotions than logically. Basically, using your heart to think instead of using your brain. This aims to make...

Read More

The World Of Luxury Banking

For the crazy rich, all that glitters is gold. “Private banking” brands the elite and nothing screams affluence more than having an account with UBS. Why do we need to know all of this? I guess we don’t, but sometimes we can’t help but to be a bit kaypoh. Plus you never know, you may strike 4D one day. The Singaporean median household income is $8,846. 12.4% of these are households who earn $20,000 and above a month. That’s a sizeable percentage considering our 5.61 Million large population today. To qualify for private priority banking and not just priority banking, it takes at...

Read More

Trump-Kim Summit: Singaporeans’ Voice on The S$20 Million Cost And A Brief History Timeline

Unless you live in a shell, you would have heard news about the historic summit between US President Donald Trump and North Korean Kim Jong Un being held in Singapore. This historic moment will be held at Capella Hotel on Sentosa. The Trump-Kim summit costs roughly S$20 million to host Here are some pointers to note: Singapore was asked to host the meeting, we did not really volunteer for it. Singapore spent close to S$20 million on this submit, with half of which going into security. The rest of the cost will be on the summit’s logistics which includes...

Read More

20 Things Only Singaporeans Do: Personal Finance Edition

We may call ourselves a little red dot but I believe we are more of a little oddball. We have plenty of practices only Singaporeans do that differs from the rest of the world but its the very crux of what drives our economy. It is really these things that what makes us, us. *cues National Day song* So here are some things that only Singaporeans do: 1. We refuse to pay for distilled water at restaurants but we are okay with consuming free tap water. 2. We buy a Certificate of Entitlement (COE) that can cost up to...

Read More

Come Learn With Seedly: Kopi Meets Investing

< BACK TO MAIN BLOG 10th June 2018 Turning finance into boba-sized pieces. One iced milk boba tea, please! You can contribute your thoughts like Cherie here. If you haven’t already known, we have an upcoming Seedly event this July and we would love you to be a part of this!   You have played a YUUGE (huge) part of our Community and we would like to extend a helping hand by gathering experts in the respective investment field to share some knowledge, for us to learn together as a community. We will not be able to record/ Facebook Live...

Read More

Is It Fair For Coffee Shops To Charge Us More For Iced Coffee/Tea?

For most Singaporeans, the level of productivity for a normal workday depend heavily on that first cup of caffeine that we grab near our workplace. This is very much the same for the Seedly team, except that I am a big fan of iced coffee while they are all very ok with a hot cup of coffee. This means what I usually end up $0.10 to $0.30 more for my daily dose of caffeine. I usually go on to have one more cup of iced coffee in the noon. This means that I will go on to spend: An...

Read More

Breaking News: Obike Users Are To Check Their Deposits Now!

First things first, If you are an Obike user who has made a deposit with them in the past If you have not been active on the Obike app You might have fallen victim to what we are going to bring up in this article. Obike converting deposits in idle accounts into 1,000 days SVIP subscriptions, WITHOUT users’ consent We came across a reddit thread that talks about a method which Obike might be using to lock in deposits of users and prevent them from drawing out their deposit. So here’s what is going on: Idle Obike accounts are secretly...

Read More

5 Questions to Ask When Getting an Insurance Plan

According to a 2016 survey by Prudential, 70% of Singaporeans are underinsured. Many do not know the required amount of insurance needed and have an insufficient amount of coverage. Or, some may be purchasing overlapping plans, thinking that more is better. To take charge of your personal financial security, here are 5 questions for your financial advisor when you are considering to take up an insurance plan: 1. How Well Am I Currently Covered? This is a question that may be missed by some, either because they believe that their current insurance is sufficient, or because they...

Read More

Best Dining Rewards Credit Card

< BACK TO MAIN BLOG 7th June 2018 Most of my expenditure is on sustenance. Yes, I meant food. You can contribute your thoughts like Junel here. Food, the heartbeat of all Singaporeans. The ideal situation is that you can reap all the benefits like rewards and cash back by paying with your credit card.   Credit card terms and categories can be quite confusing. You may want to look at this guide to MCC Codes for credit cards as a reference while going down the list of credit cards. Best Dining Credit Card Rewards: TLDR; Credit Card Dining Perks Max....

Read More

All MCC Codes In Singapore For Credit Card Spenders in 2018 (Online, Shopping, F&B, Groceries and more)

< BACK TO MAIN BLOG 7th June 2018 Passionate about helping people make smarter financial decisions. You can contribute your thoughts like Kenneth here. I was looking frantically online for a list of updated MCC (Merchant Category Codes) so when I spend on my Credit Card, I know that I am spending in the right categories. This sheet was designed and crowd-sourced via the online web and various different bank MCC sheets. If there are edits that need to be done, please comment below or simply reach out to us at mcc@seedly.sg! This list can only keep getting better and...

Read More

Tuition Fee Loan for Local Universities in 5 minutes

Whether you are planning to embark on your own tertiary education, or you are planning for your children’s future education. Do give yourself a pat on your back, it’s quite a feat. You deserve that! In Singapore, university tuition fee averages around S$30,000. That’s quite a hefty amount for a typical student to bear. There are a few ways that you can fund your tertiary education: Read More: Student Loans: Should You Take Up The MOE Tuition Loan From Banks Or Use Your Parents’ CPF? At Seedly, we provide unbiased opinions for you to tap on for you to embark...

Read More

Millennials Are Singapore’s New Sandwiched Generation: The Financial Burden

Inspired by a financial question asked on our Personal Finance Community, we decided to revisit the topic of Singapore’s sandwiched generation, and how millennials have quickly entered this phase. This was the worry, and a very real one for those in their twenties today: What Is “The Sandwich Generation” For those who haven’t heard about this, the term “sandwiched generation’’ is widely used and generally understood to be the group of people who are caregivers for both their children and parents at...

Read More

The Ultimate Food Delivery Services Comparison: Deliveroo vs FoodPanda vs honestbee vs GrabFood. Which Is The Cheapest?

If you are a couch potato like myself, binging Brooklyn Nine-Nine all day, food delivery evolved from a want to a need. I vaguely remember the time when all we had was only Pizza and McDelivery. This makes my constant crave for local delicacies such as Bak Chor Mee and Nasi Lemak a pain in the arse, having to get out of the house for food. This problem is solved with the convenience of food delivery. In this article, we compare all the 4 major food delivery service in Singapore to find out which is the cheapest. Editor’s note:...

Read More

6 Things Singaporean Needs To Know About Temasek Holdings First Retail Private Equity Bond, Astrea IV

< BACK TO MAIN BLOG 5th June 2018 Turns caffeine into digestible finance content. You can contribute your thoughts like Ming Feng here. Investors like you and myself can invest in Temasek’s first retail bond. With big words like retail bond and Temasek involved, most Singaporeans would have shunned this topic as a whole. Editor’s note: I would have totally skipped this topic, if not for my job at Seedly. Allow us the honour to try to make this topic as casual as possible. Invest in Temasek’s first retail bond to boost retirement income – Ho Ching Here are...

Read More

5 Things You Should Know After Being Burnt by Your Investment

We have faced a few almost-unexpected downturns recently, The collapse of Lehman Brothers. Slumps in oil prices in 2016. If you are invested in the market, these downturns would have pinched you or caused you to change your lifestyle entirely. All these are almost-unexpected, so how should we brace ourselves if we encounter times like these? First, here is an analogy on how the stock market work was shared on Seedly Community, you can read the long version here. How does the Stock Market Work? 3 groups of people involved: A man – businessman The villagers An assistant – the...

Read More

Like us on Facebook

Follow us on Twitter