Author: Seedly

Guide for Expats in Singapore: How Much Is Enough To Live In Singapore?

Singapore’s Demographic Singapore has a total population of 5,612,300. Of which, Singapore citizens make up 61% of the population with 3,438,200. The remaining is made up of 526,600 permanent residents and a good population of 2,121,500 expats. Singapore will continue to attract foreign talents, having topped the ranking for the most liveable city for Asian expats. Factors that allow Singapore to score such ranking are mainly Excellent facilities and infrastructure Low crime rates Quality education Quality healthcare facilities Low levels of pollution TL;DR – How much a salary do I need to live in Singapore? For foreign expats who wish...

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The True Cost Of Healthcare In Singapore That Every Singaporean Should Be Aware Of

It is cheaper to DIE than to fall sick in Singapore The above is a phrase all so familiar amongst us Singaporeans.  According to a study by AON, the gross medical inflation rate of Singapore stood at a high 10% in the year 2016 and 10% in the year 2017. Both numbers exceeded the global rate, where annual gross medical inflation rate is at 8.4%. source: AON Most of us Singaporeans grew up knowing that healthcare is expensive, yet, little of us can really put an exact number on those costs and better plan for these unfortunate circumstances. How...

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Cheat Sheet: Best Travel Insurance Guide in Singapore 2018

“I’m travelling soon, which Travel Insurance best suits me?” This article was written for the typical traveller from Singapore who is considering getting some basic form of coverage for overseas travel. In this article, we compare and review the main basic travel plans in the market. Read till the end as we share about this unbiased community reviews site we launched recently and stand a chance to win a $100 Scoot Voucher if you leave a travel insurance review by 27th March 2018. A Typical Traveller Scenario Travelling out from Singapore to another country as a single or with...

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Tourist in Sri Lanka Needs Medical Treatment After She “KENA” A Coconut On Her Head. Can She Claim Travel Insurance?

Singaporeans are amongst the most-traveled in the world with close to 9.5 million overseas trips reported. 1 out of 3 Singaporeans traveler, however, is putting themselves at risk by traveling without travel insurance for short trips or to nearby countries. Before we go on a nagging spree on insurance being an important protection from some form of financial loss, here’s a funny questionnaire for you. Did they manage to claim their travel insurance successfully? A bride’s dream Caribbean wedding was ruined. Her dress caught fire on the barbecue. The groom picked her up and threw her into the ocean to...

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How much do I need to spend to be Grab’s Platinum member, and tips to maximise it!

Using Grab as your mode of transport Not so long ago we did a little comparison between all the ride-sharing apps to find out which makes the most economical sense (yes! we mean cheap!) to commute. BlueSG Grab Uber Taxi Base Fare S$0.00 S$2.50 S$3.00 S$3.20 Cost per minute S$0.50 S$0.16 S$0.22 S$0.30 Cost per Kilometer (km) S$0.00 S$0.50 S$0.47 S$0.55 Turns out, either Grab or Uber makes the most sense to commute when traffic condition is bad. How much are you spending on your Grab rides? I decide to man up a little after ignoring the elephant in...

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Taking A Stroll With A Cleaner Auntie: “If My Hands Stop, My Mouth Stops Too”

Surely some of us have come across impressionable cleaner aunties and uncles in our lives. Mine would be the Cleaner Auntie who had recently retired from her job at my University’s hostel. She is now 71 and has been working there for 27 years. Saddened by her sudden departure, I asked Auntie out to chat with me at her void deck one evening. At 6pm, she came down the stairs of HDB in her usual hurried footsteps, fondly calling out to me “Ah Girl!”, with a huge grin on her face. Exactly like how she would back in school. The...

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Splitting Costs With Your Partner: From First Dates To Living Together

Beyond the love and affection, is the tricky issue of money. Finance clearly isn’t the most romantic topic to talk about. At every point of a relationship, from the first date to buying shared items or eventually, household expenses, the discussion about money is ultimately unavoidable. If you’re starting to feel that splitting the bill in your relationship is a problem, read on. Problem: Difficult To Bring Up The Topic Of Money As A Couple 1. Taking sharing for granted Being comfortable with each other and so immensely in love, couples tend to look past the nitty-gritty issues to...

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ZHUN BO? Insurers Want Patients To Pay Part Of Hospital Bills

TL;DR- Insurers want patients to pay part of hospital bills A recent Straits Times article has been circulating online, and it is going to have a great impact on Singaporeans’ lives. Editor’s Note: This is a summary of the Straits Times article since they made it a “Premium” article. Six companies selling MediShield Life-linked health insurance have appealed to the Ministry of Health (MOH) to make it compulsory for existing and new policyholders to foot a portion of their hospital bills This is even if they buy riders that now cover the entire amount. It is said that patients...

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Step-by-step Guide: Opening A CDP And Stock Trading/ Brokerage Account In Singapore?

Assuming you have read through the basics of investing and are now ready for the real deal. This article should bring you a step closer to investing in your first stocks. Before investing in your first stock, one will need to open a brokerage account. Below is the step-by-step guide to doing so.  Open A Central Depository Account (CDP) Direct Securities Account Let us not be alarmed by the scary looking string of terminology. The Central Depository Account, or commonly known as CDP, is an account to safe keep all the shares you bought through the open market. 1. Have...

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We have a review platform for your worst “Tinder date”

Everyone remembers their worst Tinder date experience I had my own share experiences, with one involving doing a survey over dinner with a sales hungry insurance agent (in disguise as a potential soulmate) to getting put-down so bad after revealing that I write for a living (I kid you not! Thought writing was this cool thing! No?). With horror stories of online dating freckling all over the internet, here are some really interesting examples we got from the net for our readers to destress a little: Friend Sabo Me “Sorry, I wasn’t the one who swipe right. My friend...

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Cheat Sheet: Personal Income Tax In Singapore 2018

If you are working in Singapore, you probably need to pay tax. It is now being avidly discussed in our community where most people are scrambling to get things together. Fret not! We designed this to be a really simple and essential guide for you to know what is most important for you. TL;DR: The basics of personal income tax in Singapore Why: As you contribute to the economy, these are the ways to help fund the Government spending on common resources (e.g. Police, Defence, Social security etc) Who: This is mandatory for all residents here in Singapore to file...

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Millennials Need No Sugarcoating. The Starting Pay For Fresh Uni Grads Only Looks Good In Number.

Fresh university graduates are earning more in the year 2017 according to Straits Times, or so they say. If you have yet to read the article, here are some quick pointers: Fresh university graduates earned a higher starting pay last year. Take home median monthly salary stands at $3,400, higher than $3,300 in the year 2016. Fresh graduates with degrees in business, economics, and computing saw the highest pay increment The survey accounts for 11,628 fresh graduates who graduated from National University of Singapore (NUS), Nanyang Technological University (NTU) and Singapore Management University (SMU) source: The Straits Times MOE Graduate...

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What Will You Do If You Won The $12 Million TOTO

Sudden Windfall TOTO does not discriminate. TOTO doesn’t care if you’re white or black, 21 or 98 and dying, or if you’re cool enough to enter that party. TOTO picks unconditionally. As my lottery-fanatic friend loves to say, buying the lottery is to: 买个希望 (Translation: Buy yourself some hope) According to our previous article, the odds of winning 1st prize for the $12 Million Hong Bao Draw today is 1  in 13,983,816. But clearly, these low chances haven’t stopped Singaporeans from putting some money on that bet. If you already bought your lottery ticket for today’s $12 million draw,...

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Does A High P/E Ratio Mean That The Stock Market Is Overvalued?

Price/Earnings Ratio (PE ratio) What does a high PE ratio really mean? What is the significance of a high PE ratio and does it necessarily means a good chance to short a certain stock and make money? The PE ratio we commonly use is trailing P/E: It is obtained by taking the current price divided by the previous annual earnings. For the S&P 500, we take the price divided by the trailing earnings per share. In short, Market Price ÷ Earnings Per Share It gives us an idea of how much (in terms of multiples) are you paying for...

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What Are Singaporean Youths Spending So Much On?

“Eggs and toast you pay $18, siao ah!” Echoes the distant cries of a mother to her 16-year-old daughter, with reference to the plate of Eggs Benedict she bought at a fancy cafe during lunch with her friends. Why do kids these days spend so much? You can almost hear the endless nagging of most Singaporean parents. Much is indeed, subjective. But, by the looks of how many youths hold $1000 iPhones and don $300 Limited Edition Adidas sneakers, it is hard to deny that youths all around are spending more than they technically have. We asked 10 Singaporean Youths...

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