Author: Singapore's Budget Babe

Best Cashback Credit Cards to get for 2018

If someone came up to you to offer you free cash on the money you’re already spending every month, would you say no? I didn’t think so either. Everyone needs a good cash back credit card, period. If you’re still paying via NETS / your debit card, it is high time you embraced the cash back rewards that credit cards have to offer!I previously revealed the cards I have in my wallet during the live debate last week, but also shared a first glimpse into the spreadsheet I’ve been working on which captures the best cashback credit cards to...

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Terms to know in the cryptocurrency social universe

When I first dipped my toes into the universe of cryptocurrencies, I could barely understand a word of what the crypto folks were talking about on Reddit, Medium and the various other forums. It was like a whole new different language, and I’m not even referring to the technical terms found in most of the whitepapers. Given how much price is largely driven by market sentiment in the crypto universe, it pays to understand what’s happening on the ground, so today’s guide is largely targeted for the newbies who need a little help understanding the slang flying around on...

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Cashback vs Miles Cards – Why I’m on Team Cashback

Hello guys! For those of you who didn’t manage to get tickets to the live event earlier, you can watch the full video here! I hope I’ve convinced you guys about the merits of being of Team Cashback :P You can tune into the video to hear both sides of the argument (I didn’t get to present all my pointers yet, but will do so in a subsequent writeup) and decide for yourself whether the miles or cashback strategy will be best for you. At the end of the day, the choice between miles vs. cashback cards really comes down...

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A step-by-step guide to buying your first Bitcoin (for beginners)

I’ve been getting a number of emails and Facebook messages these few days about how to buy Bitcoin, so I thought I’d pen it down in a post today for everyone’s reference! (Note: This is largely written for Singapore residents, but foreigners can use this as a guide to buying Bitcoin regardless of where you are located.As per my policy on full disclosure, this post contains affiliate links. Feel free to opt to sign up without them, but then you won’t get the bonus Bitcoins given via this promo code.)Before I invested my first dollar into Bitcoin, I spent...

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Everyone is a millionaire on hindsight

With Bitcoin’s price having broke through the $10,000 threshold a few days ago, many of us are kicking ourselves in the ass for not having invested earlier. For me, I’m kicking myself for not putting in MORE earlier. It is easy for us to look at Bitcoin’s historical graph today and think, “Dang, it was so obvious. I’d be rich today if I had invested back then!” But let’s get real. Reality isn’t that simple when you zoom in deeper, especially when you have no crystal ball to tell you what the future price will be. If you had...

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Miles vs Cashback Cards – Which is better?

All my cashback aficionados raise up your hand.This is a challenge. An ultimate showdown. The one you’ve been waiting for (since it was first mentioned on 2 Nov in this post, to be exact). As some of you might have already heard, there’s a crackpot in town known as Aaron Wong (MileLion), who has been going around calling us cashback folks “fools” and “noobs”. Read his piece here: ST writer prefers cashback to miles, fluffy kittens everywhere die.He’s not the only one, by the way. Talk to a miles hacker and they’ll most likely call you silly as well. We need...

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Countries with a lower GST than Singapore

Everyone’s fussing about the recent claims that there will be a GST hike soon, but I honestly think there’s no point overreacting. In case you’re not in the loop, DBS recently released a report claiming that Singapore’s GST could soon increase to 9%. This sparked much public outrage, with some claiming that the hike is too much and it is time for them to migrate elsewhere. My friend was discussing this on her Facebook page and said this, which I thought was worth sharing: But don’t forget that every country in the list above has its downsides as well....

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Savvy Travels – Hanoi Itinerary on a Budget

My husband and I recently travelled to Hanoi for a budget getaway, and our total expenses added up to about $700 per person for the entire week. Here’s a quick breakdown: Flights (return) S$250 Accommodation S$128 (6 nights) Halong Bay cruise S$66 Hoa Lu – Tam Coc tour S$75 Transport S$21 Food & drinks S$95 (approx. $15 per day) Shopping / massage $70 Total per person $705...

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What the property ads on Facebook aren’t telling you

I’ve been seeing a lot of recent ads on Facebook selling the idea that HDB owners who earn as little as $6k – $8k combined monthly income can:– Upgrade to a private condominium AND – Own a second property AND – Get a 5 to 6-digit lump sum of capital all WITHOUT forking out any additional cash. Images are not mine, but I’ve removed hyperlink credits as some readers have commented it is indirectly promoting these agents, which defeats my intentions. Hence, source credits will only be provided upon request. For many of you who have been targeted by these ads and...

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Review of Debtzilla (Singapore’s newest financial board game)

I’ve been raving about Wongamania being one of the best board games for learning about personal finance since 2015, so when my good friend Xeo invited me to try out their newest game, Debtzilla, I agreed in a heartbeat. Get Debtzilla on Kickstarter here! Unlike Wongamania where you pit yourself against the other players to win, Debtzilla requires you to work together for the benefit of everyone. You either win as a team, or lose together. In today’s day and age of consumerism and a rising occurrence of financial scams, this game could not be more relevant. The Gameplay The...

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Review: Thoughts on the Revamped DBS Multipler Account

Just a few months ago, I declared that for anyone who      Spends less than $500 on your credit card in a month and / or      Earns less than $2,000 a month, the DBS Be Your Own Boss (BYOB would be the best account in the market with the highest interest rates. Since then, 2 new contenders have popped up in the market for those chasing high interest yields – the UOB Stash and DBS Multiplier. I reckon you can pretty much forget about the UOB Stash – read my review and suggestions for what you’ll be better off with...

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Better Alternatives to UOB Stash

Disclaimer: I loved UOB One, but nothing riles me up faster than a badly marketed financial product (okay fine, a badly marketed financial product through lifestyle influencers who mislead their followers for the monetary benefit of a sponsored post come a close second). And because a lot of people have been asking me about UOB Stash, I thought I’ll do a review here so folks know what you’re REALLY signing up for. Err, that’s a lot less than what you’ll earn on the UOB One account, which is a much more superior account to park your money in if you’re...

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FWD 2.02% Endowment Plan is back!

For the risk-adverse, higher interest rates on your money often come tagged with multiple requirements or a reallllly long maturity period. However, there’s a disruptive new offering that doesn’t require you to tie up your money for 10 to 15 years anymore, yet you can get a competitive rate of 2.02% per annum, with your capital guaranteed and free insurance protection during the period.Sounds too good to be true? Well, you’d better believe it!I run a Facebook group supporting women on their personal finance journey (and questions), and not too long ago we had a brief discussion regarding FWD’s newest...

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More Accountability Needed in Influencer Marketing

The Beautiful Teeth Whitening Kit, which was popularised by various social media influencers and sold like hotcakes earlier in the year, has now been confirmed to be potentially harmful by the Health Sciences Authority (HSA), who has now banned sales of it to the direct public. Social media was littered with popular influencers promoting the kit to their followers, with plenty of before-after photos that looked rather promising. Curious to know how they managed to amass so many photos? Well, they made buyers take photo to serve as a “1 month guarantee” for any faulty parts, that’s how. On 20...

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How to spot a MLM scheme

MLM (Multi-Level Marketing), also known as pyramid selling, is a controversial marketing strategy where the revenue of the MLM company is obtained from the people who join the MLM. Typically, the idea is that you recruit newcomers, who pay a fee to join in order to gain access or start selling the exclusive MLM products / services. World Ventures, Nuskin and Amway are probably the first few names that come to mind, but that’s not it. I was quite shocked when some of my friends tried to rope me in: “If I could show you a way to earn...

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