Author: Simple Budget, Simple Life

Extremely bad start with UOB One

With the influx of posts on social media re UOB One (psst on grabpay) and the receipt of my house keys, I decided it was the time to sign up for a UOB One account plus credit card. It was gonna be the best tool for household joint expenses and joint savings. However, I’ve been faced with multiple hiccups that made me VERY frustrated….WHY ME?! 1. Delayed approving process led to losing out...

Read More

Insane 11.11 deals and around $750 savings

Hello! I’m back! My blog has been collecting dust with my previous update 2 months back. Glad to provide good updates that I’ve finally received the keys to my home :). Reno has also started and we hope to be able to move in by end this year! I guess it’s a blessing in disguise that my key collection was delayed till now. This is an excellent time to purchase household items at...

Read More

PSA – Free staycation for $400 spend plus $50 credit?!

Fancy a free staycation at M Social Hotel and a $50 credit? If you signed up for the FRANK credit card, you’ll get the $50 rebate and receive a free staycation with $400 minimum spend. The last I had a FRANK card was years ago. Back then (think 2012), FRANK account was suitable for undergraduates with their attractive interest rates and customised credit card designs. Their FRANK card was awesome as I recalled a 5% online rebates with low minimum spend. As usual, good things don’t last. When FRANK account offered pathetic interests compared to other salary crediting accounts...

Read More

Fully paid off HDB during key collection. Is it wise?

I’ve a happy problem now. I’m expected to get my keys by end this year. I was deliberating on the options to settle the loans – whether to pay off as much cash as we have, to minimise the loan we have. By some stroke of luck, our parents are extending their money to us…with interest of course, but slightly lesser than HDB loan of 2.6%. Works for us since the interest we pay them is better than what the banks give. With this loan, plus wiping out our CPF (leaving $20k behind), we can actually pay the remaining  with...

Read More

$5 Pap Smear Screening for the ladies

I’ve heard about the $5 screening offer from HPB last year but didn’t bother. Until I came across articles on pap smear and cervical cancer and it got me thinking that I should perhaps do a test…..for $5. I initially thought that all I had to do was to show the clinic my IC and I’d be eligible for the $5 screening. Turns out, we need to present a letter for verification before we can enjoy the rate. I then checked out the HPB website and contacted their hotline to request for the screening letter. I vaguely recalled receiving it...

Read More

Mid-year review: Goal met of $200k cash at 28. $400k+ net worth and Astrea bond V

Half a year gone. I still have not gotten my keys to my new home and am still childless. Ok, TMI. On financial front, I’ve been seeing a steady increase in my net worth. As at my last update in end 2018, my net worth was at $372k. Half a year later, I’ve successfully crossed $200k cash savings (previously it dropped as I topped up my MA) and exceeded $400k in networth. I may be able to hit $450k by end year but will just need to carve out some money for renovation and home stuff. Most gains came...

Read More

Thoughts on HDB housing loan and 4th year topping up CPF SA

Each day passing is one step towards old age. Unknowingly, we are in mid 2019. Top-up to CPF SA Anyway, with my bonuses in, I decided to park $7k into my CPF SA for tax relief purposes. I’ve always been saying that I should do the $7k voluntary top-up at start of the year to gain extra interest, but have never done so hahaha Got my hubby to do the same as well…not without some nagging and me taking control of the transfer 🤦‍♀️ Hubby wasn’t super keen as he preferred to keep the cash to pay off our housing...

Read More

Good things don’t last – CIMB credit cards revision

As usual, good things don’t last. First was BOC Family card, now it seems like the temporary-attractive CIMB cards are going the same way too… Before Both CIMB Visa and Platinum requires min $600 spend and gives 10% rebate ($50 cashback per category, up to $100 cashback) on: Visa Signature Dining Online spend Grocery Platinum Travel Health, Beauty & Wellness Transport & Petrol W.e.f 5 Jun 2019 Both CIMB Visa and Platinum requires min $800 spend and gives 10% rebate ($20 cashback per category, up to $100 cashback) on:Visa Signature Dining (now reflected under Platinum) Online spend shopping (“This excludes all...

Read More

Update on ELASTIQ – guaranteed 2.02% p.a. for the first 3 years

I’ve previously shared my purchase of the ELASTIQ plan here where I purchased the minimum amount at $5,000. Happy to provide some updates on the plan and the ease of tracking my interest online! Via the tiqconnect web, I was able to see a clean, user-friendly and straightforward webpage showing the interest credited to me on the first month, just like an ibanking page :P I’m considering topping up more money for them to grow at 2.02% interest. Furthermore, it is stated that “Top-up or withdraw from your account without penalty or interest claw back 90 calendar days after policy...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More