Author: Singapore's Budget Babe

Did Mothership just copy my article without proper source credits or am I wrong?

Is this Mothership article about an influencer promoting durian investments an attempt at deliberate plagiarism or just an ignorant mistake? More specifically, let’s talk about whether large editorial publishing houses have the right to take a story that first broke in a small-time blogger’s website without proper crediting where it is due. My first thought when I read it: HEY this looks suspiciously like MY article! *looks around for proper source crediting to SG Budget Babe. Finds none.* Let’s start from the very beginning. On 19 April 2018, I first wrote about local lifestyle influencer @pxdkitty activities in promoting...

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Are Instagram Influencers Peddling Dubious Investments?

(These investment schemes were alerted to me by some of my readers, who requested for this blog post to be written for greater awareness and that hopefully, this reaches and helps to inform more people.) Is it legal, or ethical, for influencers to peddle and push out investment schemes in Singapore? I’ve been seeing Instagram influencers pushing out investment opportunities, promoting it to their followers and asking them to direct message them for more details. As a bystander, what more a blogger who writes about personal finance, this makes me extremely uncomfortable. Case #1: Forex Investment with capital guaranteed...

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How to reduce your income tax in Singapore (make use of these tax reliefs and deductions!)

Back when I was still in my first job, my annual income tax was only about $200. This was based on a yearly income of $30,000, of which I saved $20,000 – read about how I did it here. (Nope, no bonuses either.) I don’t mind paying taxes as I understand and appreciate the fact that the money is channeled for the government to help the lower-income groups, as well as pay for other public goods such as our roads, education, etc. But ever since I got headhunted to my second, and now third, job where I received a...

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Savvy Travels – Siem Reap Itinerary on a Budget

It has been close to half a year of working non-stop without a break, so my husband and I decided to go on a short getaway to Siem Reap, Cambodia. In all, we spent 4D3N there, and our total expenses came up to about $600 per person for the entire trip. Here’s a quick breakdown: Item Cost Flight (Jetstar) $290 Accomodation $80 for 3 nights Travel insurance (FWD) $14.40 Tour – Angkor Wat $17 (tour) + $48 (entrance fee) Tour- Fishing Village $25 War Museum $6.50 admission Food $60 (approx. $15/day) Transport (by tuktuk) $34 Shopping & others $25 TOTAL per person...

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My favourite app to always get 50% off dining and activities, even during peak hours!

For those of you who love dining out, what’s a good way to save on your dining? By using a cashback credit cash with the highest rate for dining + savings app. You’ll find the respective credit cards with the highest dining cashback rates on the SGBB Cashback App (just tap onto weekday / weekend dining to view the respective rates), although currently BOC Family Card holds the honour of 10%. However, this benefit is capped at $30 – which means you shouldn’t exceed $300 in food every month – and provided you also chalk up $700 in monthly spending....

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IPO Analysis: Sasseur REIT

Sasseur REIT is an upcoming Chinese outlet mall portfolio that is currently open for IPO applications and will soon be listed on SGX. This is the third retail REIT in the People’s Republic of China (PRC) to be listed here – BHG and Daisin Retail Trust are the other two – pointing to the growth in the spending power of the Chinese middle class, which is expected to continue growing. With a CAGR of over 24% per annum, it is expected that China outlet malls will become the biggest in the world by 2030, surpassing the outlet mall markets...

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Is the motor insurance industry headed down the same path as healthcare?

The same warning signs that led the state of our healthcare insurance to what it is today has also just appeared in the motor insurance industry. What’s going to happen next? If you recall, earlier this month, it was announced that patients with new Integrated Shield Plan (ISP) riders will no longer be able to enjoy zero co-payment of their hospitalisation bills. A 5% co-payment will now be imposed (capped at $3,000 annually) to address the issue of over-consumption of medical services. Between 2005 – 2016, the industry’s claims ratios surged from 42% to 84%. These rising claims have prompted...

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How to avoid the hidden charges in your online shopping

How many of you have realised that whenever you shop on an international website and pay via your credit card, you’re actually being charged more? Yes, this is the case for all your favourite websites overseas – Airbnb, Expedia, Hotels.com, Taobao, Amazon, ASOS, Colourpop and what not. It gets worse when you opt to check-out and pay in SGD, which is what most of us do, while not realising that we’ve just effectively chosen to be charged for: ·       Dynamic Currency Conversion (DCC) – a practice where your card transaction is converted to Singapore dollars through a DCC service...

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ICO Review: CloudMoolah

Democratizing the gaming industry by unlocking global game payments and distribution. What’s the problem CloudMoolah is trying to solve? Game developers currently pay a hefty amount in distribution and marketing fees to incumbent app stores (eg. Apple App Store, Google Play). Furthermore, more than 50% of total mobile game revenue is currently earned by less than 2% of all app developers, particularly those with big advertising budgets. SEA is the world’s fastest-growing mobile gaming market (69% y-o-y growth), but is currently fragmented, consisting of 11 countries with a fragmented payment landscape and low credit card penetration. Game developers currently...

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Here’s how I watch movies on budget flights without paying extra

The airlines business is a competitive one, especially with travel deals and budget fares promotions ongoing all the time. So when I travel, I never believe in paying more than I absolutely have to. And given that most of my flights are to short-haul locations (under 7 hours), I’m a huge fan of always going with budget airlines whenever I have to fly. I’ve shared previously about tips on how to pay less for budget flights here and that I typically avoid all the frills that budget airlines try to charge for, in order to earn an extra buck. Travel...

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The SGBB Cashback App !

There’s a new app for download – one that’s designed to help you manage and maximise your cashback credit card game. The SGBB Cashback App Background As an advocate of cashback credit cards, one of the most common questions I get is on how to MANAGE our cards, especially given how there are a multitude of credit cards which give varying cashback rates across different categories. For instance, imagine if you own the OCBC 365 card and Citi Cashback Card (a pretty common combination among my friends). The OCBC 365 card gives 6% on weekend dining, but this falls...

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What you must know before investing in dividend stocks

If you were paying close attention to the Budget 2018 speech on Monday, as well as my feature on Ask the Finance Minister 2018 earlier this week, you would probably have caught onto: The government will be introducing a financial education curriculum for polytechnics and universities. Finance Minister Heng Swee Keat emphasized on the importance of individual financial planning and preparations for the future if we are to cope with rising costs. Up-skill and upgrade yourself was the repeated mantra, which has been echoed for multiple years now. And as I concluded, it seems like the only way out for...

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ICO Analysis: Is Sentinel Chain worth investing in?

The latest crypto project aiming to provide financial services to the world’s unbanked and underbanked. One of the latest hyped crypto projects is Sentinel Chain, which is a Singapore-based ICO due to open their public crowdsale next month. There’s presently a lot of interest as Sentinel Chain is a partner of Vechain, which is arguably the #1 supply-chain crypto right now. If Sentinel Chain is successful, they’ll help play a crucial role in reducing the world’s income inequality and lead rural farmers to greater economic prosperity. How do they intend to...

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SG Budget Babe on Budget 2018

If you were wondering whether that girl you saw on TV yesterday night was me, yes it was! Channel News Asia (CNA) had kindly invited me to be part of their Ask the Finance Minister 2018 show, where they gathered 5 Singaporeans from different walks of life to question Minister Heng Swee Keat after the recent Budget announcement. I was asked to represent the Millennials, and here are the questions I asked (the phrasing differs as they were not scripted). 1. Many of my friends are increasingly joining the gig economy, where they do not get benefits like CPF or...

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Review: Standard Chartered’s Unlimited Cashback Credit Card

How do you choose the best credit card for your lifestyle? Everyone has different spending habits, so the best credit card for you might not necessarily be the most suitable for me. As such, personalization is key. With the growing popularity of cashback credit cards, many banks and card companies are now releasing extremely competitive cards. But with more choices come more headache as well, especially when each card comes with different cashback limits and spending requirements across various categories. If you’re looking for a cashback card with no caps and no hassled spending requirements, there are only 2...

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