Author: Seedly

BTO: Here Are The Estates Launching in Nov ’17

With the upcoming BTO selection exercise starting in November, many of us are eagerly scrolling through the different estates and figuring out where would be the best place to settle down. Get started by checking the estates launching this coming November! Estates For Upcoming Sales Launch Sengkang Punggol Tampines Geylang The upcoming sales launch has 2 non-mature towns (Sengkang and Punggol) and 2 mature towns (Tampines and Geylang). Couples looking for an estate closer to town, you would be interested to check out Geylang and Tampines but with MRT services located all around Singapore, getting to town from Sengkang...

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How Poor Are Singaporeans: Monthly Household Income vs Household Expenditure

Do you know where you stand among fellow Singaporeans in terms of household income? Now, go on and sum up the income of all the income earners in your household, does it give you more than S$8,846 per month? If it does, congratulations, you are better off than 50% of Singaporean household! But, have you ever compared your income to Singapore’s cost of living? Key Takeaways: At least 20% of Singaporeans are earning less than their monthly expenditure ???? Singaporean’s households spend an average of S$4,839 per month. Two ways to do better for household finances: Pegging your expenses in...

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50% of Singaporeans Don’t Know About These 7 Money Hacks

Singapore is expensive Let’s face it, the cost of living here has been going up and income levels are stagnating. In the past few months as personal finance writers, we have been fortunate to be exposed to the different financial hacks that you might probably be missing out on. Community: Over 100 ways to save In fact, we asked a simple question recently in our community which brought in a huge array of ideas to make smarter financial decisions in our lives. Here are the TOP 7 ideas which we compiled and it’s definitely worth a share! #dontsaybojio. 1) Choosing...

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Cost Of A Baby In Singapore

We have given you tons of advice on weddings and housing, helping you prepare for a life together! You are at that point in your life where you have to make another big decision, to have a baby or not to have a baby? (Or you’re already expecting if that’s that case, CONGRATULATIONS!) As we all know, raising a kid is no easy feat especially in Singapore where you will find yourself spending thousands of dollars even before the baby is born! Cost Of Prenatal Checkups: $6000 – $29,500 Prenatal Check-Ups – $2000 The first trimester usually carries the...

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SG Peer-to-Peer (P2P) Lending Platform: Funding Societies vs MoolahSense vs Capital Match

Why a Peer-to-peer (P2P) lending Platform? One common challenge when running any business is funding. For young businesses especially, getting loans through the banks can be a challenging due to a few reasons: The lack of collateral (necessary for bank loans) Young credit history (which makes banks reluctant to loan) Imperfect financial record Long processing time With peer-to-peer lending platforms in place, small businesses now have a new avenue to turn to, when in need of funding. How P2P lending works? P2P lending platforms connect the public to businesses in need of funding. Public investors can lend money to...

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A Singaporean’s guide to buying stocks

Ok. I lied. This post is not going to be just about buying stocks. Rather what I will try to cover will be how to make purchases of the various asset classes. By the end of this article, you would have an overview of What are brokerages and why do you need them SG brokers vs Overseas brokers Order types and what do they mean What are brokerages In essence, brokerages are like shopkeepers. When you want to buy groceries, you go to the supermarket. When you want to buy assets (financial assets), you execute your orders through a...

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STI ETF: A Simple Way To Invest In Singapore’s Top 30 Companies

Investing In Singapore’s Economy In your working life, you may have heard this word ‘STI ETF’ being thrown around at the office or over lunch chats. This article serves to clear your doubts and gives you the easiest understanding of what the STI ETF is, why you should consider it and how to invest (one time or monthly). The Straits Times Index, Exchange Traded Fund (STI ETF) was designed for passive investors who are just getting started. In fact, most Singapore financial bloggers and our Personal Finance SG Community actually advocate the STI ETF as one of the first products...

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Which Should You Get: BTO vs Resale

With more than 80% of Singapore’s population living in Singapore, many young adults looking to buy a home would look for HDB flats instead of private housing. Sometime in May, we posted an article on EC vs BTO but what about Resale vs BTO? Here are some factors for you to consider: Price When it comes to the price, many young couples would opt for a BTO because it is much more affordable. First-time buyers also get higher priority to choose the kind of flats they want and also enjoy 2 ballots instead of one. On top of that,...

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12 Hacks To Save Money On Your Wedding

Weddings are no cheap affair. Before tying the knot, you’d likely have put the deposit down for your BTO, and that would have burnt a hole in your pocket. With so much money on the line, it’s always a good idea to save some cash. In Singapore, a survey shows that the average cost of a wedding comes around $30,000 to $50,000. That’s enough to fund a local university education! Is it worth it to spend the equivalent of your tuition fees on just one day? Sure, it may be the most important day in your life. But think...

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Why Should I Worry About Interest Rates?

A post shared by one of our members on Seedly Personal Finance Community opened up a discussion regarding yet another interest rate hike at the end of this year. With the second interest rate increase of 1.25% implemented this year, many people are not sure what this means for everyday Singaporeans. What some of you may not know is that interest rates have a larger impact on our lives than we think! Here’s how it affects us: Home Loans Increase This affects 90.8% of Singaporeans, with home loans being one of the highest forms of loans on the population that owns...

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SingTel TV vs StarHub TV: Which TV Package Should You Get?

I remember having fewer headaches when StarHub was the only one providing paid TV back then. Now that Singtel TV has unpleasantly disrupted the market, which will be the suitable paid TV plan for you? Key Takeaways Both SingTel TV and StarHub TV do not offer any identical package to differentiate their products for consumers. General/ Family Package: SingTel TV provides a general cheaper package at S$28.80 per month compared to S$33.17 by StarHub TV. Genre-specific packages with basic channels: StarHub TV has a price competitive advantage when it comes to Malay specific package. They are also the only one...

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Which To Choose: Credit Card vs Personal Loan

If you check out our articles, we have so many posts on how to clear your debts, which credit cards to choose or even misconceptions that people have about loans but as someone new to personal finance, my biggest question before reading such articles would be which loan should i take? This article will focus on the two most common loans, credit card and personal loans! Credit Card or Personal Loan Credit Card A credit card is also known as “revolving debt”, you have a pre-determined credit limit set by your financial institution. At the end of every month, you...

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Working Adults: Easiest Ways To Invest A Monthly Sum For Beginners

A good habit to cultivate Chances are if you are reading this article, it would mean that you are keen to grow your money in over an extended period on a regular schedule. Before we bring you through this simple 5-minute guide, let us answer 3 key questions. Full disclaimer: We are not paid or sponsored to write this. So you can trust that this is a simple strategy we advocate for beginners who are ready. (Read: When should you begin investing) Why Invest? You aim to beat inflation, currently at around 1.9% a year. Thus, you can either put...

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How to Earn A “Free” Around-the-World Trip With Miles

Disclaimer: This is one way to do it, but a very expensive way indeed… word of caution! If you have ever dreamed of going on an around-the-world trip, you were probably daunted by the thought of spending so much money without making an income while you are traveling. But did you know there’s a way to get free around the world air ticket just by using your miles? For instance, Singapore Air offers an around-the-world ticket through Star Alliance for 180,000 miles for an economy class seat. But how exactly are you supposed to earn this astronomical amount of...

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Answering Singaporean’s Question: How much can you save, holding your wedding at a coffeeshop?

The median cost of holding a wedding is S$39,500. This is with the assumption that 60% of the banquet cost is covered by the red packets. Should all your friends and family members decide to not give you Ang Bao, the cost will increase exponentially to S$62,500 While everyone assumes that a wedding involves a standard procedure of bridal package, expensive banquet and wedding photography, should you break the tradition and have your wedding at a coffee shop, here’s how much you can save! P.S. This is provided that your partner and parents of both parties agree to it. TL;DR – Save S$31,359.26...

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