Author: Simple Budget, Simple Life

Already 5 years into the workforce. What have I built?

It was a sudden awakening – I’ve already worked for more than 5 years. But what have I achieved? I stepped into the rat race as a noob (nobody uses this word now, I admit I’m old), being tekan by unhelpful “seniors” who thankfully left after 1+ year of torture and earning lesser than my peers, to slowly building up my confidence, emerging stronger and being more courageous to say “No”, proving myself along the way and getting rewarded with better bonuses and increments. I know I’m working just for the money (and the medical benefits that comes with...

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ELASTIQ – Another guaranteed 2.02% p.a. for the first 3 years?

The minimum savings premium is at $5k. So, I thought why not? Since this $5k is something that I do not need atm, it’s better for me to park the money here vs keeping it in my CIMB fastsaver earning just 1%. Furthermore, you are able to withdraw money after 90 days – just take note that a service fee is charged if your average daily balance falls below $5k.  I’ve just applied for the plan and parked $5k. I may be withdrawing this 3 years later and am expected to cash out $325 more interest. The whole process...

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What the luck? DBS and OCBC banking tokens died!

What luck. My ibanking tokens went dead one after another.OCBC Token First was my OCBC token. It said “low battery”, but I ignored it. And when I finally need to use it, it was dead. Granted that I could use SMS OTP, I had to make a big transfer to other banks and it was over the withdrawal limits. And to do that, I needed the ibanking token. And serve me right for not activating the onetoken. In the end, I had to call in to OCBC call centre for a replacement. 7 working days, they said. What a...

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2015-2018 net worth

I used to track my daily expenses daily. With every purchases, I’d keyed into google sheets.But as time goes, I got lazy. I figured there’s no need for me to track it daily given that I’m disciplined with my outflows. In any case, I’ve never budgeted how much I should spend on food, transport, shopping etc. Hence, the daily expenses tracking actually don’t serve much purpose. However, one thing that I continued to do, is to track my monthly assets/net worth. And they are broadly categorised as follow: Cash Savings FD Stocks CPF It feels good to see your...

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Baby or no, is that your business?

For the first 20 odd years of my life, I’ve walked a predictable route. I was drilled from young that, to succeed in life, I must study hard. I didn’t study hard enough to get scholarships but it was passable. I walked the standard educational route, just like everyone else – passed my PSLE, passed my O Levels, went to JC and went to the local uni. The next was to find a job, get a flat, get married. And have a baby. But in this common route, there is something unpredictable and out of my control i.e having...

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Start of 2019 – doing nothing and daydreaming

The first week of 2019 has passed. Again, just like that, in a blink of an eye. I didn’t had a pleasant end to 2018, nor start of 2019 as I was sick with cough and phlegm. Still have not recover till date. The first week of work was pretty chill given that we only worked for 3 days. Things will pick up speed soon and I’m not really looking forward to it, but, I gotta work for bread and butter right? This weekend was spent doing nothing. I was mindlessly looking at financial blogs, in awe of some’s...

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End 2018 review – net worth at $372k

This year passed by exceptionally fast. So many things happened this year that if I don’t keep a blog, I’ll probably forget the details of what happened. Key things that happened this year: – Secured my flat in my dream location – Got married – Got promoted 2018 review Here’s a recap of what went by in 2018 Jan: Shared my 2017 review, and my net worth at $287k. Also shared about my hopes for 2018 which came true for most! Here’s a recap of my 2018 hopes: Receive my promotion this year (likely to happen)  ✅ Receive a...

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I’ve hit $200k in cash savings, except…

Years ago when I entered the workforce, I set myself goals (you can refer to the left side of my blog), mainly financial ones. I set to achieve $100k cash savings before 28. I shared my tips on how I achieved it here and they were really simple tips, mainly tweaks to your lifestyle (eg, dining at discounts). I then set out to achieve $200k by 28. As 2018 draws to a close soon, I found out that I’ve hit $200k in cash savings. Except, I’ve just parked $6k+ to my CPF MA for tax relief, and it has now dropped...

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I’ve hit $200k in cash savings, except…

Years ago when I entered the workforce, I set myself goals (you can refer to the left side of my blog), mainly financial ones. I set to achieve $100k cash savings before 28. I shared my tips on how I achieved it here and they were really simple tips, mainly tweaks to your lifestyle (eg, dining at discounts).  I then set out to achieve $200k by 28. As 2018 draws to a close soon, I found out that I’ve hit $200k in cash savings.  Except, I’ve just parked $6k+ to my CPF MA for tax relief, and it has now dropped...

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8D7N Hanoi, Sapa and Fansipan trip with full-fledge flight at >$1,500 for 2

If you are looking for a budget destination, how about heading to Hanoi, and adding in Sapa, Fansipan for an extra spice to your tour? The husband and I were there for a 8D7N trip (disclaimer – not my honeymoon. I haven’t plan one yet hehe) Most people exclaimed – so long!? What’s there to do? It is indeed long if we were to stay in just Hanoi alone. After all, Hanoi was pretty boring as we could cover Old and French Quarter in a day. Our days in Hanoi were spent on food, facial and massages 😛If you...

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8D7N Hanoi, Sapa and Fansipan trip with full-fledge flight at >$1,500 for 2

If you are looking for a budget destination, how about heading to Hanoi, and adding in Sapa, Fansipan for an extra spice to your tour? The husband and I were there for a 8D7N trip (disclaimer – not my honeymoon. I haven’t plan one yet hehe) Most people exclaimed – so long!? What’s there to do? It is indeed long if we were to stay in just Hanoi alone. After all, Hanoi was pretty...

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Dining lobang – dine at 50% off plus get rewards when you make reservations?

Good lobang must share! Ever since I discovered Chope, my partner and I have been using it as a fuss free way to make reservations at restaurants – no more waiting for the restaurants to pick up my calls! Not only is it more convenient for me to book a seat at popular restaurants, with every reservation, I could earn 100 chope dollars! And the first 400 chope dollars allow me to redeem for a $10 voucher to offset my bill at a wide list of restaurants such as 49 seats, Standing Sushi Bar, Yum Cha and more (just listing my frequent dining places hoho) If...

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Dining lobang – dine at 50% off plus get rewards when you make reservations?

Good lobang must share! Ever since I discovered Chope, my partner and I have been using it as a fuss free way to make reservations at restaurants – no more waiting for the restaurants to pick up my calls! Not only is it more convenient for me to book a seat at popular restaurants, with every reservation, I could earn 100 chope dollars! And the first 400 chope dollars allow me to redeem for a $10 voucher to offset my bill at a wide list of restaurants such as 49 seats, Standing Sushi Bar, Yum Cha and more (just...

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Singlife 3% Endowment Plan. Would you sign?

I was scrolling through FB recently when I saw an ad that attracted my attention. Reminded me of the FWD 2.02% plan one year ago – which I applied for. Now Singlife is offering a 3% GUARANTEED plan which last till 30 Nov, at up to $6k: This Single Premium Endowment product’s availability is based on a first-come-first-served basis and is only available for purchase while the acceptance tranche is still open. Singapore Life reserves the right to decline any application that does not fulfil the requirement of a complete application without prior notice, including the invalidity of payment received. (1) The guaranteed maturity yield...

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Singlife 3% Endowment Plan. Would you sign?

I was scrolling through FB recently when I saw an ad that attracted my attention.Now Singlife is offering a 3% GUARANTEED plan which last till 30 Nov, at up to $6k: This Single Premium Endowment product’s availability is based on a first-come-first-served basis and is only available for purchase while the acceptance tranche is still open. Singapore Life reserves the right to decline any application that does not fulfil the requirement of a complete application without prior notice, including the invalidity of payment received. (1) The guaranteed maturity yield is 2.20% p.a. and 2.50% p.a. for 3-year-term and 5-year-term...

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