Author: Seedly

20 Price Differences In Singapore Between 1990s vs 2010s

Any 80s and 90s kid can relate to these price changes Let’s face it, any Singaporean who grew up in the 80s and 90s would have embraced the good old days of cheaper affordable food and drinks. However, inflation was not the only phenomenon that occurred. Let us take a look at some of the price hikes and dips in the last two centuries here on this little red dot! 10 Prices that went UP A cup of Kopi (drink) A traditional drink found at any Kopitiam which a working adult would buy before starting the day’s work A...

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Why The Singapore Personal Finance Community Is Important

Since 2015, Seedly’s mission has always been about helping our community make smarter financial decisions. We work on relevant articles and stories together with an aggregator app to serve this big mission. Personal finance is a mindset We used to think that personal finance was a complicated and confounding mess… but soon we start to realize that it was designed this way to make the common man on the street believe that it was impossible to do this on his/her own. Thus it soon became a biased over-sold industry. We are here to lift the veil and make it simple for everyone...

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How Much Singaporeans Need To Save Now To Retire At 55 Or 62 Years Old

The official retirement age in Singapore is 62, and the re-employment age, at 67. This means that your employers cannot ask you to retire before that 62 and re-employment must be offered should you wish to continue working up to the age of 67 within the company. Do note that re-employment is subjected to eligibility. 5 Key Takeaways – The Truth About Retirement Taking the average life expectancy of Singaporeans as a bench mark, most Singaporeans will live till the age of 82.9 years old. On average Singaporeans will have their good health until the age of 73. According to the...

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PSA: Best Year End Online Shopping Deal Dates You Should Know in 2017

Oh, what an online world we live in~! Holla to all you smart deal hunters out there! To be honest, the names that these companies have created for themselves to encourage spending will probably make you cringe. But that being said, it’s a waste if you don’t look for the best deals on these 5 dates. Here are the best tips and some of the recommended purchases and strategies to get you the best hunts on those days! We’ll update this list as we proceed on. (updated 5 Sept 2017) P.S: If you were wondering if this is a...

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The Ultimate Money Interest Cheat Sheet In Singapore

Money & Interest: The Oil of the Economy It is very important to understand the role of money in today’s world. Financial institutions and banks exist solely to facilitate the economy, our day to day lives. In any growing economy, there is bound to be inflation. This is where the general level of prices of goods and services increases over time. In Singapore, core inflation is at 1.9% (average for the past 10 years). Let us now take a look at some common financial products in the market today and 5 key learning lessons on beating inflation. Common Financial Products...

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Investment Blogger Shares His Best Financial Advice And Investment Portfolio – Turtle Investor

The definition of investing varies according to different individuals. While some try to aim for the stars, in search of the get-rich-fast formula, there are some who believe in the slow and steady way to financial freedom. The latter is the way of life for Turtle Investor and here’s an insight on how he allocates his assets and his input on how Singaporeans can invest. A Quick Recap: Guideline Of Investing If you are not sure about how to get started, we have a general step-by-step guideline here for you. Setting up your CDP and brokerage account Learning to...

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Investment Blogger Shares His Best Financial Advice And Investment Portfolio – STE’s Stocks Investing

We assume you had enough nagging from financial blogs regarding the importance of investing. For most people, their investing journey ends after they applied for a Central Depositary Account (CDP), and embark on a regular savings plan. Good effort, but there should be a lot more to getting closer to your financial goals. Guideline Of Investing If you are not sure about how to get started, we have a general step-by-step guideline here for you. Setting up your CDP and brokerage account Learning to use the brokerage account to trade (at least know how to sell and buy shares)...

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Working Adults: This Is How Your Finances Should Look Like In Your 20s

The start of your working life In your 20s, very often it is the stage whereby you transition from school to work life. You start to increase and build up earning power and your human capital (energy, connections). Your actual money capital may not be the highest as you are just starting out with little to no savings and potentially some form of student debt. Pros: High human capital (energy and health) and earning potential Low commitments (eg family, home, car loans etc) Cons: Low money capital More active social life and monetary distractions This article looks to share...

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Which Job Do You Need to Afford Both a Home And a Car in Singapore?

Everyone dreams about one day owning a car and a home. However, this is not an easily achievable wish for most people: homes can cost hundreds of thousands of dollars, while Singapore is notorious for having extremely expensive car prices starting from S$100,000. Then, how much salary do you need to make this dream come true? As it turns out, quite a lot. In fact, 60% of the top 100 jobs in Singapore don’t pay enough for a person to be able to afford both a home and a car. How Much You Need to Make to Buy a Home and...

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How Will Some Of Singapore’s Top Financial Bloggers Invest Their First $10K

What do you do if you have managed to save an extra S$10,000 in your bank account? One way is to do nothing and let inflation of 2% eat into your savings, or spend it all on an exotic holiday like what most YOLO Millennials will do. The Smarter Way – Invest Long Term If you are more forward looking and would like to make this sum of money work for you, you have chanced upon the right article. We were as curious and decided to ask some of the top financial bloggers in Singapore for their advice on what they would do...

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Which Singapore Telco Plan Is Best For You: Data vs Price

TL;DR: You Should Definitely Switch To SIM ONLY Telco Plan (Updated 30 August 2017 to reflect the New SIM ONLY plans launched by Starhub and M1) It may be convenient to extend our telco plan every time it becomes available for a re-contract, but this simple hack can help save you money and gives you the freedom of choice for the next 2 years. Most Singaporeans might be on a wrong mobile plan costing them hundreds every year. We found this out when we were debating on our Personal Finance facebook group where everyday Singaporeans just like us, shared...

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3 Common Investment Methods: DIY vs Active (Unit Trusts) vs Passive Funds (ETF)

Investing in the economic market is basically the act of putting money into a vehicle and hoping that it drives returns over a period of time. There are largely 3 ways for you to invest in the economic market and we are here to discuss which is the best solution for you to adopt. Each of the approaches has their pros and cons and we are here to discuss more on each of them especially now that online platforms are a big part of these services. Beat or Match the Index? You may be thinking… what is an Index...

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8 Highlights At The Seedly Personal Finance SG Meetup

Last week, we had our first Seedly meetup at the Shopback office. We invited SGBudgetBabe together with myself Kenneth, from the Seedly blog to share on the basics of Personal Finance 101 for working adults. Towards the end, we had a panel discussion with Tai Zhi from AutoWealth and Rachel from StashAway who shared more on their take on Robo Advisors in Singapore. Here is a wrap up on the top 8 highlights the speakers shared during the event, be sure to attend the next one and stay informed in our Seedly Personal Finance Community! 8 Meetup Highlights 1)...

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Travelling On A Budget 2017: Penang, Hanoi and Yogyakarta

With the end of the year fast approaching many of us would like to look outside of Singapore to spend our holidays but where can we go to make the most out of our budget? Here are 3 curated destinations which are off the beaten track, featuring both city life and also a glimpse of the culture, which many Singaporeans can appreciate! We segmented them into getaways from 3, 4 and 5-day trips! If you need more inspiration and tips, find out how to get the best deal on your airfare and top travel influencers and their tips on travelling...

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What 12 Years Of Investing Taught Me About Local And Overseas Brokers

So you want to start investing? A lot of my friends have asked me on how should they begin investing, which explains this article to share my own journey. Apart from reading up investment news, the very first step to buying shares, stocks, trading, etc will be to setup a brokerage account. What Is A Brokerage Account? It is an arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor’s behalf. The investor owns...

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