Author: Simple Budget, Simple Life

Parking my extra $14,000 cash into CPF for better returns

Some people see putting money into CPF as a foolish thing to do. They do not believe in the CPF system for it locks their money up unless conditions are satisfied. They may be right, and they may be wrong, for there are no perfect systems. I am putting my faith in CPF as a way for me to generate higher returns for my retirement. A 4% p.a interest in risk-free environment. Other than CPF, which other systems provide such benefits? I am only in my twenties, and have close to 30 years till 55 before I could start...

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Extra $160 after a year’s wait – SBI 1.6% FD

I blogged about my achievement of having $100k savings before age 28 some time back. One way I could achieve this was to make sure my money grows through FDs. However, in recent months, the interest rates have been dropping. I used to see CIMB offering 1.8% p.a for a $10,000 fresh funds deposit, now it’s 1.2% p.a for a 6 months tenure with a minimum $20k deposit. One year ago, I chanced upon the State Bank of India offering a 1.6% interest p.a on minimum $10k deposit. It was the best deal I’ve seen then. I was contemplating about...

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4-steps skincare routine at less than $55

When it comes to skincare products or toiletries, I’ve a few rules that I follow: – as best as possible, items should be free from SLS and parabens – application should be hassle-free – and most importantly, product must be value for money With that, I’m going to share with you my budget 4-steps skincare routine which cost you less than $55, bearing in mind some of the products could last over a year! 1. Makeup/Sunblock Remover >Nutive Organic Virgin Coconut Oil: $18 for 444ml In recent years, there’s been a hype surrounding the many uses of coconut oil. One of...

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Mid-Year Finance Stocktake – Total net worth: $256k

Hi there. We’re now halfway to the end of 2017. Time flies isn’t it? I remembered (actually I didn’t, only realised when I looked through my blog posts), blogging about my “achievements” in 2016 at the start of the year. For the past half year, things was rather smooth-sailing. Work was ok, I had a 10% increase in my salary, bonus was decent considering the market outlook now, and I’ve also added in a few stocks to my portfolio….of which only Keppel Reits earned me some money. The rest were disappointing but thank god I won’t lose my sleep...

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Buying insurance is a responsibility

  Growing up, I never had any insurance plans. My mom defended that my dad never had enough money, so how in the world would they have money to pay for our insurances? You may judge me, but I felt that was an irresponsible thing to do. Thank god we never had to be admitted to the hospitals, but what if something happens? I was really emotional about our lack of insurance plans. I felt that they didn’t care. The only thing they bought was an endowment plan that matured when I turned 21, I believed. The last I...

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Get your wisdom tooth extracted at govt hospitals

I previously complained about my wisdom teeth. Some people are lucky – they either dont have wisdom tooth, or their wisdom tooth grew well vertically. Since young, I don’t have much luck with my teeth. I had braces done for very vain reason because my front tooth was protruding outwards. Other than that, the rest of my teeth are generally fine. I recalled paying $3500 back in 2005-2007. Oh man, that was a long long time. I’m not sure how much braces cost nowadays, but it was a lot of money back then considering how I had to dig...

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The stress of wedding planning

No no, please don’t congratulate me. I’ve not settled on a wedding date yet, though I hope to soon. But even before the planning starts, I’m already feeling the stress. Budget is one thing, but for me the worst is the support or lack of. I’m a person with few friends. I’ve shared this in my previous entry. I texted a friend about my thoughts of getting married next year, but I didn’t get a reply. I was bothered by it for 2 days so I texted back. Busy, she says, ttyl. If I was a third party, I’d...

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Reminding myself to let go

This is a post to myself.   I know you’re a difficult person to please. You’ve expectations of everything. You take many things seriously. And, you play again and again in your head, what people said of you and to you.   You wish to stop these thoughts from coming. But you can’t.   Those childhood memories keep flooding to you in your dreams. You dreamt about being looked down upon. You dreamt that you could hear what they were gossiping about, and it was all about you. You wondered how could they bear to say or joke about...

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The most anticipated time in your work year – performance bonus, promotion and increment

Every month, I look forward to pay-day. But my most anticipated moment of the (work) year is my PB. Wish I could click enter many times This is the time of the year where I eagerly await my report card. This is also the time when people feel excitement, happiness, anger, betrayal or disappointment on how they are assessed for their work over the past year. I’ve been in my first job since graduation and had received 4 performance gradings. So far, I thank lady luck for blessing me with above average gradings. At least, despite the frustrations felt...

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Couple Talk: EC or Resale

I’ve dated my partner for close to 5 years. I always joke that I gave him my youth (that’s true). 5 years is a long time. I also joked about how if we’re fortunate enough, we would already have a baby (好命的话,我的baby可能1岁咯). Unfortunately, we have been sorely unsuccessful in getting a flat. I probably am more anxious than him because I feel like I’ve an expiry date, and my biological clock is ticking. I know there are some stories of mummies at 40s and 50s, but I’d rather meet my goal of having kids before 30. I used to...

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CIMB Fixed Deposit at >1.2% p.a

Just applied for the CIMB FD at 1.2% for 6 months with $20k. I have been thinking if I should apply for this or park my money into shares. Guess I’m not that stocks-savvy to take the plunge. Regardless, this FD will earn me an interest of around $120. With my BOC Smartsaver max out at $60k, this 1.2% interest is slightly better than me leaving the remaining money in my Fastsaver. Will keep a look out for other deals to park my extra cash. Btw, the FDs promotions this year have been...

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Money Saving tip: Don’t throw away your mandarin orange peels!

Happy Lunar New Year! With mandarin oranges being one of the core items that you bring along for house visiting, I’m sure you’d have at least a pair of oranges in your house. Other than eating it, how about making the full use of this amazing fruit by saving the peels? It’s environmentally and pocket ($) friendly. FYI, these works well for any citrus peels :) Here’s what you can do with your peels: 1. Make it with tea [embedded content] You could either dry it like how the video does, or just pour hot water on freshly peeled...

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Unexpected review of 2016: hitting $200k in net worth

As we countdown to 2017, I was reflecting on my 2016. 2016 was an average year. Nothing exciting to shout about and nothing major happened…. Until I started to browse through my blog and reviewed my financial portfolios. As I browsed through my blog, I looked back at the little things that happened. I got engaged, got a shock from my health screening results which turned out to be nothing bad (pessimist really), achieved $100k cash savings and this is excluding CPF at 25, transferred money to my mom’s CPF which made her happy, travelled overseas twice albeit to...

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5 Last minute Practical Christmas Gift ideas – Below $30

It’s just one week to Xmas! No wonder the crowd at Orchard yesterday. There were full of people at Takashimaya, ION looking for gifts….or are they impractical ones? Every Christmas, we fret over what to gift to friends, colleagues and families. I, as a self-proclaimed ultra practical person will never buy gifts that are impractical. I’ll SMH and feel disappointed when I received impractical gifts like chocolates (very insincere leh, unless it’s Royce lol), The Body Shop lotion (no use la!), piggy banks (I’m big enough leh!) and notebooks (not laptops but jotter books! They’re fancy, but I get...

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