Author: Singaporean Talks Money

Have a financial goal? Try Budgeting!

Awhile ago, an article on budgeting came out on TODAY. It covered on how you can manage your money by budgeting. Budgeting has always been a way for me to portion my money. I wouldn’t say that I am super proficient in budgeting but I just like to give myself an estimate amount that I can spend or not spend. It actually all started in polytechnic when I took up part-time jobs. I wasn’t saving for anything as I haven’t gotten into investing and wasn’t planning to save for any big ticket item. I just enjoyed seeing the balance...

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Getting my first pay – How am I splitting it up?

I received my first full pay recently and although not a huge sum, I have allocated portions of it to different areas. I have my pay credited into a POSB account which is linked to my DBS multiplier to allow me to earn a higher interest. For my pay, I have presented it in a percentage form where I used 100% as the take home pay after CPF deduction. Here it is: I am happy to finally be able to give some allowances to my mum, although not much but at least it is something that I always wanted...

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Investing is RISKY yet REWARDING

A few weeks ago, TODAY came out with an article titled “Investing in stocks can be risky, but rewarding.” (read it here!) The article roughly covers on how in 2008, the market crashed. And STI rose to a high before dropping again in mid November 2018. The article also wrote that in the long term no other products perform better than stocks. However, to make it work, an individual would need to have a plan. One way is to not be so affected by fluctuations and if you are in your 20s or 30s, you can recover from short...

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Investing is RISKY yet REWARDING

A few weeks ago, TODAY came out with an article titled “Investing in stocks can be risky, but rewarding.” (read it here!) The article roughly covers on how in 2008, the market crashed. And STI rose to a high before dropping again in mid November 2018. The article also wrote that in the long term no other products perform better than stocks. However, to make it work, an individual would need to have a plan. One way is to not be so affected by fluctuations and if you are in your 20s or 30s, you can recover from short...

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Christmas, the season of giving (SPENDING!)

Christmas is almost HEREEEEEEE and it definitely is a very festive holiday as it marks not only the birth of Jesus Christ but also as the season of giving. My mum loves getting gifts for people because she feels that people have been nice to her and it’s the time for her to give back and show thanks. This year, her favourite place to get all her gifts was at a supermarket called Meidi-ya at Liang Court. Some of the interesting things there were Latte Jam, Matcha Jam, Royal Milk Tea Jam Small cute bottles of truffle oil Konnyaku...

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Christmas, the season of giving (SPENDING!)

Christmas is almost HEREEEEEEE and it definitely is a very festive holiday as it marks not only the birth of Jesus Christ but also as the season of giving. My mum loves getting gifts for people because she feels that people have been nice to her and it’s the time for her to give back and show thanks.   This year, her favourite place to get all her gifts was at a supermarket called Meidi-ya at Liang Court. Some of the interesting things there were Latte Jam, Matcha Jam, Royal Milk Tea Jam Small cute bottles of truffle oil...

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Simple Meal Prep for work – How much is it?

So I just started work recently and am into my first month of work. I wrote previously that my colleagues do spend quite a lot for lunch and so for this week, I have decided to prepare my lunches for three days so the other two days I would eat out with my colleagues. If you haven’t read about that, maybe you should check it out: Updates on my first week at my new job – Expenses, Colleagues and Environment   For the week, I prepared pasta with chicken and an egg for each day. Not a very balanced meal...

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Simple Meal Prep for work – How much is it?

So I just started work recently and am into my first month of work. I wrote previously that my colleagues do spend quite a lot for lunch and so for this week, I have decided to prepare my lunches for three days so the other two days I would eat out with my colleagues. \ If you haven’t read about that, maybe you should check it out: Updates on my first week at my new job – Expenses, Colleagues and Environment  For the week, I prepared pasta with chicken and an egg for each day. Not a very balanced...

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Our staple rice is getting too expensive?

I eat rice everyday and chicken rice at least once per week. I never took notice of rice except that farming it was a tough process. I didn’t know that there is currently a lesser amount of rice being harvested due the drought and therefore causing diversification of crops by the farmers in Thailand. Thailand is known for producing rice however, recently due to droughts, rice can only be harvested once per year as compared to 3 times per year usually. Therefore the government is trying to ask farmers to plant less water dependent crops. [embedded content] Another problem...

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Our staple rice is getting too expensive?

I eat rice everyday and chicken rice at least once per week. I never took notice of rice except that farming it was a tough process. I didn’t know that there is currently a lesser amount of rice being harvested due the drought and therefore causing diversification of crops by the farmers in Thailand. Thailand is known for producing rice however, recently due to droughts, rice can only be harvested once per year as compared to 3 times per year usually. Therefore the government is trying to ask farmers to plant less water dependent crops. Another problem is that...

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Money lessons learned not through cash but through apps

This article was recently posted on TODAYonline (article) writing about how parents have embraced giving cash and allowances to their children through online and apps. They also use these apps to teach their children about about the value of money. Singapore has a similar system which is the POSB buddy smart system (source 1, source 2). Kids these days really learn everything so differently and adults have to adjust their teaching styles. Though I find it a great initiative, one sad thing is that parents will be able to track all of their expenses. I remember when I was...

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Money lessons learned not through cash but through apps

This article was recently posted on TODAYonline (article) writing about how parents have embraced giving cash and allowances to their children through online and apps. They also use these apps to teach their children about about the value of money. Singapore has a similar system which is the POSB buddy smart system (source 1, source 2). Kids these days really learn everything so differently and adults have to adjust their teaching styles. Though I find it a great initiative, one sad thing is that parents will be able to track all of their expenses. I remember when I was...

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Do poor people make poorer financial decisions?

A few days ago, this article came out which roughly summaries on why poor people tend to make not so smart choices due to tunnel vision or that you need to make short-term decisions rather than to plan for the long term. I do know that poverty can strip a lot of opportunities and chances for an individual but I never knew that it can affect the cognitive aspect of the individual as mentioned in the article: “Research from Princeton University has claimed that the dip in cognitive function in a person preoccupied with money problems is similar to...

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Do poor people make poorer financial decisions?

A few days ago, this article came out which roughly summaries on why poor people tend to make not so smart choices due to tunnel vision or that you need to make short-term decisions rather than to plan for the long term. I do know that poverty can strip a lot of opportunities and chances for an individual but I never knew that it can affect the cognitive aspect of the individual as mentioned in the article:“Research from Princeton University has claimed that the dip in cognitive function in a person preoccupied with money problems is similar to a...

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Updates on my first week at my new job – Expenses, Colleagues and Environment

So I have just concluded my first week of work and I got to say that it is much more demanding than school. School allows you to set your own targets and to achieve them but work is a little different in that the targets are set by your bosses and it’s up to you to achieve it (not knowing your boss expects what kinda standard) HAHA. EnvironmentI have realised that doing overtime is considered normal in the company I am working in. My colleagues tend to OT till about quite late and currently my workload is okay but...

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