Author: Seedly

Worried About Retirement? For Those Who Are Struggling, Here Are Some Help You Can Get.

If you’re following CPF Board’s social media accounts, you will realise the mantra “working hard for your golden years” being included in many visuals and social media postings. In Singapore, the Central Provident Fund (CPF) is a compulsory comprehensive savings plan for Singaporeans to fund their retirement. While it provides a safety net for Singaporeans to have a stream of income when they retire, it may not be enough to tide a person through retirement, especially with some elderly Singaporeans falling through the cracks. Source: CPF Board | Facebook A few months ago, I was sitting in a swanky...

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Want A Freehold Condo In Singapore? You’ll Need To Earn $7,100 A Month

In Singapore, it’s not about whether you can afford a home — but whether you can afford a freehold home. At least, that’s the dream. Or my dream. How attainable is it really, though? You might know the cheat: get a BTO, and hopefully sell it after five years to the tune of a tidy profit. If you’re determined to be purchase a freehold condo in Singapore’s (admittedly saturated) property market, this guide might steer you in the right direction. Freehold Condos In Singapore You may know by now that Singapore’s property market is split into three regions: Core...

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A Singaporean’s Ultimate Guide to HDB Lease Buyback Scheme

Are you planning your parents’ retirement income? Or are you worried that you won’t be able to hit your CPF Full Retirement Sum by the time you turn 55? I still am… You might have heard of the HDB Buyback Lease Scheme, but don’t know how it can complement the above scenarios? Well, we’re here to help! The HDB Lease Buyback Scheme allows flat owners to increase their retirement income by monetising their flat. Eligible flat owners who choose to take up the LBS are able to choose the length of the lease they wish to retain, based on...

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Destination Weddings: Cost of Holding a Wedding in Bali

I recently had the chance to speak to a (somewhat) celebrity who shared about her proposal AND wedding on a remote island of Fiji. As much as that immediately ticked the box of top-notch romantic (and VERY expensive) wedding location, our dreamy Singaporean destination wedding would usually sound more like that of Bali and Phuket, amidst cost considerations and whatnots. Source: Valentino Ruya While an “average” wedding in Singapore would set you back by a whopping $27,610, costs of holding a wedding in Bali has definitely gone up over the years, and might at times be even more expensive...

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Freelancer Guide: All You Need To Know About Your Income Taxes

Self-employed persons made up 8 to 10 percent of the resident workforce in Singapore. With graduates finding it increasingly hard to find a job in Singapore, many turned to short-term contract roles and freelance jobs to help sustain their lifestyles. While some may view freelance work as a hobby, there are others who decide to settle into it for the long haul. If you fall into any of the jobs below, this one’s for you! Source: Giphy Tutors Insurance Agents Property Agents Private Hire Drivers Photographers or Videographers Social Media Influencers Designers (This list is not exhaustive) TL;DR: Here’s...

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PSA: Your Kids Are NOT Your Retirement Plan

Regardless of the culture that we grew up in, many of us have been instilled with the responsibility of providing for our parents as they age. After all, they’ve spent so many years nurturing us into the awesome people we are today. Of course, it is our duty to take care of our parents’ physical and health needs, and spend time with them. Some of us may also worry about how we can take care of them financially, as the older generation may not be as well prepared as their retirement as we hope. There are some areas that...

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A Singaporean’s Guide To The Haze Subsidy Scheme

You’ve probably seen or smelled it. Yep. The haze is back. Source: Diane Leow | Mediacorp As of 15 September, 1am, our entire island is officially within the ‘Unhealthy‘ Pollutant Standards Index (PSI) range. Source: NEA If you’re wondering what that means… here’s a useful guide created by NEA which you can refer...

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Here Are 8 Secret CPF Hacks And Tips That All Singaporeans Need To Know

CPF: The Bedrock Of The Singapore Dream Source: Straits Times Most salaried employees in Singapore would have 37% of their income going to their CPF accounts. When broken down, that’s 20% contributed by yourself and 17% from your employer. As a quick recap, here’re the three main uses of CPF: Healthcare Housing Retirement They are all really big-ticket items so you’re probably wondering… are there any tips for me to maximise my CPF? There is! In fact, I recently covered this topic with Hariz Maloy, our Seedly Community’s Level 8 Top Contributor,  as part of our MONEY FM 89.3...

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Should You Get Wedding Insurance?

Wedding insurance is a thing? I hear you; it was only recently that I came to learn of it. While initially a preposterous thought – isn’t that kinda akin to getting a prenup? – it’s really not, and more about practicality. Source: tenor After all, the average wedding in Singapore comes in at almost...

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How To Save Money While Dining Out On Your First Date

Being the go-to Aunt Agony among my friends, I am privy to many of the scariest and some swoon-worthy first date anecdotes like: “He is hot, but looks younger than me leh. Also, I can’t date guys with calves slimmer than mine.”  “He is purrrfect for me, cute, sincere and generous, but I didn’t have my fill. The restaurant so atas till main dish also smaller serving than an appetiser. My god.”  “He will offer to cut my meat for me when he sees me struggling or shelling the prawn slowly. This means that he takes note of details.”  But...

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All You Need To Know About Insurance Nomination In 5 Minutes

Insurance nomination? What’s that? Excuse me, it’s not to nominate them for the ‘Best Insurance Award’, ya? Well, the morbid topic is back. Sorreh, not sorreh.  Remember how your money will be distributed by law and may go to the government when you pass on and have no valid will and no surviving relatives? Well, that doesn’t have to be the case if you’re well prepared for the day that will eventually come. Source: giphy Making an insurance nomination allows you to distribute your policy proceeds to your loved ones according to your wishes. I wish it was that simple though,...

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E-Commerce Courses Advertised On Youtube. Are They Worth Paying For?

” Hi, my name is X. This video is especially for those who wanna be able to start a business, and travel every month…” I know the first name that comes into your mind. Source: Must Share News No, that’s not him… How Legit Are Those Get-Rich-Quick Ads If there is anyone more famous than our local youtube celebrities, it will be the group of fellow internet marketers selling get-rich dreams or telling people how they can easily build a passive income through...

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(Potential) Income Alert: 4 Singapore Companies That Just Raised Dividends

Earlier last month, we looked at three companies that increased their interim dividends in their respective quarters. Here, let’s explore four more companies that have made investors cheer lately. Disclaimer: This is not a sponsored post. Opinions expressed in the article should not be taken as investment advice. Please do your own due diligence. Note: Share prices are correct as of time of writing (5 September 2019) AEM Holdings Ltd AEM Holdings Ltd (SGX: AWX) is involved in the designing and manufacturing of equipment and precision components for the semiconductor, solar and smart card industries. For its latest second quarter, AEM’s revenue increased by...

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Goodbye, Never-Ending Fire Sales!

Oreo’s… Potato chips… CHOCOLATES… “Fire sale! Everything must go!!!” Source: giphy Welp, I’m guilty of this when I walk past Valu$ or ABC Bargain Centre occasionally. I’ve caught myself wanting to buy things I didn’t need several times, just because it’s that cheap. It doesn’t help that the Fire Sale signs are all so prominent and in your face.  C’mon, I’m not alone...

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What Are The Damage Costs You Have To Pay If You Kena Sued For Defamation?

For those who’ve been keeping up with the news, you’d know that The Online Citizen’s (TOC) editor in chief, Terry Xu, is being sued by Prime Minister Lee Hsien Loong for defamation over an article published by TOC. If you haven’t heard or read about it, you can read the summary below. I was reading the case over the weekend, as well as Xu’s letter to PM Lee, where he refused to comply with PM Lee’s request with regard to the published article. In the letter, Xu asserts his belief that the contents in the article were not defamatory,...

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