Author: Simple Budget, Simple Life

DBS Visa Debit Card – 5% Cashback

Good lobang must share. A few years ago, when I had no income, I live by my debits. Straight after being employed, I signed up for a few credit cards to milk some rebates. I’ve never paid much attention to debits offering rebates cause their rebates were so little, until now. DBS Visa Debit offers 5% cashback through Visa paywave, Apply Pay, Samsung Pay and Android Pay. The cashback is subject to a $50 cap per month. You should also keep to 3 times or less cash withdrawals at DBS/POSB ATMs. Good for me, since I don’t withdraw cash...

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Hello BOC Smartsaver

A little too late, or it’s never too late? BOC Smartsaver has been around for some time now. I’ve heard of it when their promo came out, but kept to my OCBC 360 account. I did my sums previously and concluded that it was best for me to keep my money at OCBC. But I redid my sums recently after my brother reminded me about this account, and, DANG, the minimum interest rate I could get was at least a 2% VS OCBC’s 1.7% with salary crediting and bills payment. What’s making it more attractive is that, since I’m...

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My tips on how I accumulated $100k before 28

In my previous post, I talked about how I’ve hit my goal of saving $100k cash before 28. Here are some of my personal saving tips: Park your money in a high interest savings account I started off with POSB Kids Savings then switched to FRANK account in Uni and then to OCBC 360 after I started work. The interests offered by OCBC 360 is so far one of the best. 1.2% on salary crediting and 0.5% on paying 3 bills. Clocked my expenses on other credit cards instead of OCBC, so I only have 1.7% p.a on my...

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$100k before 28

pic from google images Well, hi guys. I’ve been putting off this post for a few months because I want to be completely sure that after deducting my expenses, I indeed have that amount I’ve goaled. So here goes. I officially have $100k cash savings before 28. But to set things right, I’ve been saving since young. For the purpose of this post, I took out my POSB Kids Savings passbook which was set up when I was 9. I still remembered that the first amount put in was $1, and I received a POSB squirrel raincoat! My parents...

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Income Tax

When you see this logo on your envelop, you know what it means ;) I always thought that income tax is a good thing – you tax almost everyone and people who earns more get tax more. It’s one way of seeking equity. I still think income tax is a good thing. But now that I’ve started worked and is contributing to the tax, I kinda feel the pinch…especially when my income tax jumped significantly. Unlike my bf, I can’t claim tax relief. My parents are both working and earning at least above $1k, no handicapped siblings (CHOY AH!),...

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What’s the meaning in my life?

Take a good 5 minutes to read this article. We all know life is short, life is fragile and life is unpredictable. Who knows if we’ll die the following day, just like how Christina Grimme died unfairly. But, we don’t live each day having this thought on our mind every single time. Honestly, how is it possible, and how is it healthy if you have that thought…constantly? We’ll be so risk averse that we could do nothing. And maybe, doing nothing could lead you to death…. It’s early morning on 13 Jun and I’m on leave. On a break...

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The $10 bet

Having dated my partner for 4 years and knowing that he’s the one I want to spend the rest of my life with, the natural step is to purchase a flat together. I thought purchasing a flat was going to be easy and smooth – apply and you’ll get it. Haha, I probably thought I was very lucky. But I was so wrong. It’s all about the timing and luck – whether there are estates you like and whether you’ll get a unit based on your ballot number. I’ve applied for 2 rounds of BTO since 2015 but were...

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#prayforsweekeat

At 7.30pm, my fiance messaged me. JUST IN: Finance Minister Heng Swee Keat collapsed during Cabinet meeting; CT scan shows he had a stroke says PMO. I was shocked. Judging by the number of posts published by the various MPs and Ministers, we could tell that his stroke was a serious one. I’ve have never met him, and we don’t know each other, but I was affected.  I was possibly feeling concerned because he is a respectable Minister yet, as with all humans, succumbed to stress, leading to a poor health. Many people are like him. Or are on...

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Budget Tracking: Apr 2016

Another month. Again? April zoomed by so quickly that I couldn’t remember much that happened. Luckily, I take note of my expenses giving me an inkling of what I did/spent on.My expenses in Apr were as follows: Fixed expenses: $525Variable expenses: $1,355.07 Food – $260.82 Had 5 western food this month such as Astons, Tender Chicken, Texas Chicken Treated my family to korean food @ Masizzim via my groupon voucher – not fantastic, but something special for my folks but I reckon they prefer Chinese food more :P btw, even with my $50 voucher, I had to top up $43...

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Budget Tracking: Apr 2016

Another month. Again? April zoomed by so quickly that I couldn’t remember much that happened. Luckily, I take note of my expenses giving me an inkling of what I did/spent on.My expenses in Apr were as follows: Fixed expenses: $525 Variable expenses: $1,355.07 Food – $260.82 Had 5 western food this month such as Astons, Tender Chicken, Texas Chicken Treated my family to korean food @ Masizzim via my groupon voucher – not fantastic, but something special for my folks but I reckon they prefer Chinese food more :P btw, even with my $50 voucher, I had to top up...

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Making small steps to protect my health

Other than sharing about my financial journey, at the end of it, what I want is to have a healthy body and mind to enjoy my fruits of labour. I’m not just financially conscious, but health conscious as well. I used to not care about what I eat since I wasn’t fat. But, I would always have bad stomachaches and cramps. Furthermore, I don’t exercise. After a few painful episodes, and after visiting the TCMs, I knew I had to do something to improve my health. One of my New Year Resolutions is to eat better. I am trying to...

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To go or not to go?

I’m not actively looking for a job. So when I received a call for an interview, I was puzzled. Turns out, I applied for this position months ago. I’m in my first job and feels comfortable with what I have now. The first 2 years were tough. High turnover led me to covering the roles of colleagues until we got people in, trained new colleagues who are much older and “experienced” plus expensive, feeling stressed out from the deadlines and non-existent SOPs, feeling angry because of messy instructions from different bosses who sometimes can’t make up their minds, knowing...

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Hospitalisation Insurance bought. What’s next?

google images I had a conversation with my friend recently on the types of insurances she bought. Coming from a low income family background, her siblings and her had to support her parents (both of whom are ill and unable to work since 40s) after they graduated from Poly. Her parents never believe in insurance (just like my parents) – why would they spend money on insurance when they have difficulties surviving? But, she strongly believes in insurance as a form of wealth protection. Since she started working at 19, she has been purchasing different types of insurances with...

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My comments on NTUC Income

Previously, I talked about my upgrade of my NTUC Enhanced Incomeshield Plan from Advantage to Preferred, because I wanted to purchase the best plan possible when I’m still healthy (and could afford the not-so-hefty-yet premiums). If you purchased The Sunday Times (3 Apr edition), you can take a look at the article on the comparisons of the various IPs from the major insurance companies. A good read to tell you that it is best to purchase “as-charged” plans. Anyway, the cause of this post is to complain. I went down to the Income branch on 3 Mar for my...

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Budget Tracking: Mar 2016

Time flies. It’s April tomorrow. I’ve been getting a little lazy with my budget tracking. Used to key in my purchases immediately into my phone but am now more laid back by keying in only at the end of the day or days later. Thinking back about what was most memorable in March were the following: Exercised on 27 Mar by hiking at Mount Faber BUT not only did I not sign-up for the 2x bonus points for my steps tracker, my tracker died on me during 3/4 of my trek! Hopes to continue such long walks with my partner...

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