Author: Seedly

4 Costly Grocery Shopping Habits That You Can Stop Today

Groceries represent one of the biggest buckets of spending for Singaporeans. According to ValuePenguin, the average Singaporean family spends about S$1,334 on food and beverages each month. Even if you were to avoid dining out and cook at home most of the times, feeding a family of 3 can easily cost S$1,000 on a monthly basis. While there are plenty of tips online on how you can cut your grocery bills by shopping with a list, making fewer shopping trips or clipping coupons, one of the most effective ways is actually to get rid of your bad grocery shopping habits. For...

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FB LIVE: Could This Be The Future Of Money?

It can be pretty difficult to ignore the surge of cryptocurrencies and bitcoin taking over social media and traditional media alike. Many have been describing it as the modern day gold, in the tech-infused world of today. With any good revolution, it is often split right down the middle, some claiming it to be tulip mania while others believing in its innate worth. Here are some famous supporters and critics of the digital currency, in this graphic by TechInAsia Andre Gunawan. A scam or an inevitable future? Even within our Seedly personal finance community, we have been having solid...

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The Best Credit Cards To Use Overseas In 2017

Over the past few years, the idea of going cashless has become more prominent across different countries. We find ourselves relying on our credit or debit cards to pay for almost everything. In our community, we also encounter questions such as which credit cards are the best for certain types of expenses. Recently a question popped up on credit card usage overseas and if expenses should be charged in foreign currency or home currency. Advantages: Safety Let’s face it, carrying cash around a foreign country can be pretty daunting especially when we’re unfamiliar with the currency of the country....

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Working Adults: What Are The Key Insurance Policies You Should Get in Singapore?

Insurance is your life’s GOALKEEPER – your last line of defence. If all else fails, you will need to count on your insurance to be there especially for financial woes. 3 Worst Case Scenarios: You die, your dependents (e.g family, kids) inherit your debts, loans and lose a source of income Came down with a terminal illness (commonly Cancer, and get hospitalized often with expensive treatment sessions) You get into an accident (you don’t die but face expensive hospital bills and follow up treatment) A Complicated Product? Let’s Make It Simple! A lot of people believe that insurance is like...

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How Much You Can Save By Bringing A Bottle Out For Meals

$134 Million Spent On Water Bringing a bottle from home may seem like a burden especially with a bottle taking up space and adding additional weight. You would rather not bring that bottle and buy a drink from your local convenience store. Data from research firm, Euromonitor international shows that Singaporeans spent $134 million on bottled water in 2015 which is 24% more than 2010. It may not seem like much but by bringing a bottle of water with you to lunch, you won’t have the spend that $1.70 on a drink every day but by doing so, you will be able...

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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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