Author: Seedly

Top 5 Tips For Planning Your Dream Wedding Without Compromising Your Budget

It’s no secret that weddings are becoming rapidly more expensive by the day in Singapore. However, there’s no easy way of cutting down on your costs without compromising on the ceremony of your dreams. Sure, it might be cheaper to book your ceremony not on a Saturday, but that can really sacrifice the availability of your honored guests. Luckily, there are financial tools and tips that can help you save a meaningful amount of money while still holding up the quality of your wedding. Here, we discuss some of the best recommendations compiled by our team at ValuePenguin. Use Credit Cards...

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Financial Blogs That Singaporeans Should Be Reading

“Nobody reads the newspaper anymore.” There is a mind-boggling amount of information made available online, where we spend most of our time obtaining information from. Being constantly fed with “propaganda filled” advertisements which may not be acting in our best interests Singaporeans turn to financial blogs to get an alternative (and hopefully unbiased) view. source: Cartoon Stock Seedly team shares our favourite past time reads which we believe Singaporeans should be reading and things to look out for when getting your personal finance content online. TL;DR – Different blogs for different interest Financial blog for the ladies SG Budget...

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3 Tips For Kiasu Singaporeans To Get Cheap Flights

With the holiday season fast approaching, it’s that time again to start looking for cheap airline tickets. In fact, in our Seedly personal finance community, many fellow Singaporeans were discussing what were the best times and days to book the tickets. For the kiasu travelers out there, this article is for you! Cheapest days – Tuesday, Thursday and Friday Airlines such as Jetstar, Scoot and Tiger Airways may be cheaper than their non-budget counterparts but did you know there are days that their already cheap tickets get even cheaper? Airline Day Scoot Tuesday Tiger Airways Thursday Jetstar Friday The reason for...

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Working Adults: What Are The Best Ways To Pay Bills In Singapore?

A typical working adult scenario – Paying bills In our Seedly personal finance community, we asked our members which were the best way to pay their bills in our #SavingsSaturdays discussion. Here’s what we uncovered: Nearly 100 respondents chose to pay via credit cards. We found out more strategies which we will share below.   This seems to be a recurring topic most working adults consider on a monthly basis. Especially since we take on the responsibility of paying our bills such as Utilities, Telco, TV, Entertainment, Spotify, Netflix etc. TL;DR: It’s best to Pay Bills using card to earn...

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Which Regular Savings Plan Is The Cheapest?

Here’s one of the greatest misconception amongst Singaporeans. ” I need to save up a huge amount to be able to start investing.” It is true that in the past one will require quite a substantial amount of capital before making his first investment. However, with the Regular Savings Plan (RSP), that argument is no longer valid. With as little as $100 month, average Singaporeans with little knowledge of investing can park a portion of their income with some of the safer options. What Is Regular Savings Plan? A Regular Savings Plan is one of the recommended options for...

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Save Money On Your Wedding Banquet: Credit Cards You Should be Using!

Prices of weddings in Singapore could range between $30,000 and $60,000 and that is if you keep it simple. A few articles back, a guest writer gave a breakdown on how much an average wedding in Singapore costs and an average of $30,000 alone is spent on the wedding banquet.   With the banquet taking up more than half of the wedding expenses, all the more reason we should find ways to save money when we can! Here are some credit cards that you can benefit from: TLDR; – Best Credit Cards For Different Rewards Earning Miles: Citi Premier...

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Uber vs Grab vs Taxi: Which is the Better Hailing App in Singapore?

Everyone has heard of Uber and Grab. These two apps both rank as the top 5 most downloaded app in the Apple app store, and has huge following in every community ranging from its users, media pundits and investors. But which is really the best app for consumers in Singapore for to use? We’ve collected data on pricing on both apps for major locations in Singapore, and have also experimented with different traffic conditions to get you close to an answer. Editor’s note: At the end, we share 2 very useful tools – ShopBack app and TaxiBot which helps you compare at a...

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Three Simple Steps To Start Your Investment Journey

So, you want to start investing but have no idea where or how to start. We have tons of articles that will help you get into investing! However, sometimes we just need a basic and easy introduction into investment to get us started. So, here are some simple steps that will help get you started! Step 1: Save Up! This is the most important step, savings is the root of your financial planning. Get this right and you should be good to go! Some banks such as FRANK by OCBC provide low volatility investments allows you to start investing...

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Working Adults: Should I Invest A Small Sum Regularly Or A Big Sum At One Go

“The best time to plant a tree was 20 years ago. The second best time is now”. Be it S$100 or a million, it is always good to start early. TL;DR- 3 key takeaways STI ETF: From past year data, lump-sum investors benefit if they invested before February 2017. Other than that, a regular monthly investor wins. For beginners: the dollar-cost averaging method such as a Regular Savings Plan can help beat advanced investors. For advanced individuals: knowledge can definitely help cut the cost of his investment and gives him an advantage in his investment positions. What is dollar-cost averaging?...

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Cheapest Gym Memberships For The Everyday Singaporean

With the cost of living constantly increasing in Singapore, we tend to look for new ways to save money as well take care of our financial well-being. As Singaporeans start taking up measures to live a healthier and active lifestyle, we find ourselves struggling when it comes to finding an affordable gym. 1. MyActiveGym (ActiveSG) — $300/Year source: Our Tampines Hub  Our friendly neighborhood family gym, providing basic facilities and equipment makes this gym suitable for anyone who would like low rates. Although they do not have personal trainers, MyActiveGYM has affordable yearly membership rates going at $300 for adults and $180 for...

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3 Major Investing Lessons We Learnt From Some Of Singapore’s Top Investment Bloggers

Instead of the eavesdropping for stock tips at the coffee shop, we tried this Assuming you started your brokerage account, there are usually two immediate options to help you kick-start your journey in building the “perfect” investment portfolio. One can either: Read up lots of investment-related content before deciding on what to invest in Or simply, head over to a nearby coffee shop and eavesdrop on the latest stock tips from some uncle having his afternoon beer (Not kidding! Personal experience!) I choose the first option anytime. This explains why some of the investment bloggers in Singapore received a...

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Founder Of StocksCafe, Dr Evan Koh, Shares His Portfolio And Advice For Investors

StocksCafe For seasoned investors, you should have come across StocksCafe as a platform to help one discover interesting stocks, understand a company and manage one’s portfolio. StocksCafe started off as a personal project for PhD holder Evan Koh to help himself better investment decisions. This project grew into a platform which investors can embark on, for their portfolio. Very much in line with the interest of the founder himself, StocksCafe analyzes data to help accomplish three main tasks: Discover stocks using algorithms – The recommendation algorithm is based on Modern Portfolio Theory (which will be explained later) and other information. Understanding...

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Working Adults: Should You Transfer Your CPF From OA To SA?

A common working adult dilemma In our Seedly personal finance community discussion recently, we found that one of our avid members posted an article on his/her own experience behind hitting the magical number of $40k in the CPF SA (special account). We soon found out also that in the discussion, this seems to be a recurring topic most working adults consider on a daily basis as seen in the CZM blog. Even CPF often advocates topping up of SA balances to plan for retirement early. Hence, this article serves to bring you the hard facts and share with you...

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Here’s How Much You Need Each Month To Save $100K In Singapore

Why is your first $100K so important? Nothing beats the feeling of having a six-figure sum in your bank account for a start (you can work towards a seven-figure one from there). Here are 3 good reasons: Practical: This is around 1/4 of what you need for any Singaporean financial life of around $422k (HDB, Marriage, Renovation, First Kid etc.) This also gives you your emergency funds buffer Motivational: This gives you a target to work towards thus more motivation to move beyond $100K Habitual: Your lifestyle and habits would have been tilted towards a more financially savvy one. This includes higher...

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Owning a Car vs Ride-Hailing Apps: Which Costs More In Singapore?

Singapore is notorious for having expensive cars. With the average cost of cars hovering around S$106,000 in 2017, cars in Singapore are 4-5x more expensive than cars in the US or Korea. In fact, Singapore’s car price is the highest in the world. This poses an interesting question: is using ride-hailing services like Uber and Grab actually cheaper than owning a car in Singapore? According to the analysis conducted by our team at ValuePenguin, the cost of using Uber every day is quite comparable to owning and driving a car. Owning a Car = Riding on Grab or Uber = S$15,000 to S$16,000...

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