Author: Singapore's Budget Babe

How this family got out of debt by changing their lifestyle (Reader’s Letter)

One of the biggest rewards from maintaining this financial blog is when readers write to me to share their own success stories, and recently I received a story so touching that I couldn’t not share it. After all, there’s no greater joy than the knowledge that yet another person has managed to overcome their cashflow issues and is on their way to financial freedom. This reader agreed to let me share her story here, and went another step further to detail the tips she adopted to go from debt-ridden to debt free and happy. If we could do it,...

Read More

IPO Analysis : World Class Global & HRnetGroup

Is the stock market picking up? In just two weeks, we’ve seen 3 IPOs on SGX – usually a sign of a bullish market sentiment. And while I prefer to sell during such times, I don’t usually rule out spending on IPOs especially if their valuations are cheap or decent enough for me. Unfortunately I wasn’t allocated any shares of Sanli Group last week when the results were announced (sorry for not blogging about them – I literally finished my analysis 12 hours before the IPO application deadline and didn’t have enough time to churn out a blog post!)....

Read More

Why You Can’t Always Trust Analyst Reports

Can we really trust analyst reports when it comes to stock recommendations? My answer is no. I’ve never trusted analyst reports. While I do read them, I don’t rely on them to decide whether or not to buy a certain stock. Sometimes when the opportunity is right, I’ll even go in the opposite direction of what these reports tell us to do. When they’re all saying “Buy”, I’ll sell. When they say “Sell”, I’ll wait a few more weeks and then start buying in. The sections I always have the biggest issue with are the valuations and target prices....

Read More

No One Is Going To Pay for your Expensive Wedding

If you’re holding a grand wedding to impress your guests, then you’ve gotten it all wrong. A wedding is about YOU and your partner, and NOT your guests. They’re the sidekicks, the spectators, the audience there to celebrate what is possibly the most important milestone of your life. 10 years ago, the average cost of a hotel table was less than $1000 but now, the rates have escalated to $1500 – $2000 on average. Isn’t that scary? The inflation rate for weddings is about 10% every year (that hotel / photographer / makeup artist your friend used for her wedding...

Read More

Hidden Costs To Look Out For When Hiring A Wedding Makeup Artist

TLDR: Do you really need wedding ampoules / airbrush makeup and what are the usual hidden costs I should watch out for? Since embarking on this entire wedding affair, I’ve come to realise that the wedding industry is full of profiteering vendors who are quite ready to sell you exorbitant services or packages as you try to put together your dream wedding. And nowhere is this more prominent than in the bridal makeup and hair styling industry.  I had initially budgeted $200 for wedding makeup and hair. Once I started sourcing for quotes, I realised this amount could barely...

Read More

How much will your lifestyle cost when you turn 65?

Have you ever wondered about how much your lifestyle will cost when you turn 65?? How much do you think you’ll need every month to get by? $800? $1000? $1500?  The folks at The Fifth Person ran a calculation on estimated living costs 30 years from now, and I thought it’ll make for a fun exercise to tweak it to something closer to us 90s kids. Let’s work out the numbers. To keep our calculations simple, we will assume that the overall rate of inflation is 3% (in line with existing data over the past decade, and what TFP...

Read More

My Investment Approach

If you think financial education is expensive, try financial ignorance instead. Two notable investment schemes were in the news last week for all the wrong reasons, and they both had eerily similar characteristics of promising their investors unbelievably high monthly returns. Last week, investors cried out when their money didn’t come through. You may call me skeptical, but I never believe folks who tell me they have any “lobang” or “proven tactic” which is “guaranteed to make money”. If money is really that easy to come by, then there wouldn’t be so many poor people in the world. I...

Read More

Better Alternatives to get Miles (vs the KrisFlyer UOB Account)

In my last post, I wrote about how I was misled by the influencers who worked on the #KrisFlyerUOB campaign to believe it was a good account, when it really wasn’t. Now that we’ve seen how lifestyle influencers are capable of royally screwing up reviews related to financial products, how about brands start giving the sponsored posts to the financial bloggers instead? A few folks have asked for my opinion of the KrisFlyer UOB account, so here it is : No, I will not be signing up for the KrisFlyer UOB account, simply because the maximum miles per dollar (mpd)...

Read More

Krisflyer UOB Influencers’ Campaign Reeks of Dishonesty?

If I were to believe what all the influencers on the #KrisFlyerUOB campaign said, I’d think the account and debit card is a wonderful deal. Except that it is not. Now, here’s where it gets interesting. I personally thought it was a terrible product, but apparently all these (realllllllly popular) influencers don’t seem to share my views. In fact, they had nothing but praises for it! I’ll upload my analysis of the account in a separate post, but that’s not why I’m here today. I’m here because I felt this whole marketing campaign was downright misleading, and that’s not...

Read More

Fly to London for $400+ (all inclusive) on Norwegian Air!

Saw this on the news today and I was thinking to myself that this is too good a deal to miss, and it’ll be a crime not to share!   A return trip to London typically costs about $1000, so this sounded a little too good to be true and I decided to check it out for myself.   Since the flights by Norwegian would only commence in September, I tried looking at the November – December fare calendar as that would be a comfortable period for me to travel. I browsed all the way until March 2018 as...

Read More

DIY Budget Trip to Cinque Terre

Seeing how the local tours (in Florence, which was my anchor city for this trip) were charging over 100 euros per person for a tour to Cinque Terre, we decided to DIY our own in order to cut down on costs! In doing so, we managed to spend only 1/3 of what we would have originally spent if we went with the tour group! Here’s how we did it: – Purchase a train ticket to La Spezia (we used trenitalia). If you’re unable to get the express train, you may need to do a stopover transit like we did...

Read More

Resources for a Budget Wedding

Riddle: What’s the most expensive one-day affair in Singapore? If you guessed weddings, you got that right. With the costs of the average Singaporean wedding ranging from $40,000 – $70,000, it is no surprise that more and more couples are looking for ways to reduce this figure. After all, wouldn’t it make more sense to spend it on your new home instead (which you’ll be living in for years to come), rather than splurging everything on a one-day event that hardly lasts 15 hours? If you’re here because you’re thinking of DIY-ing your own wedding, or just hoping to...

Read More

Tips on getting your wedding gown from Taobao

For brides on a budget, there are a few ways you can save on your wedding gown while still getting a pretty awesome gown to wear or to keep. Option A: Buy a gown from Taobao (S$40 – $400 will get you pretty awesome ones)Option B: Buy a used gown off Carousell (S$80 – $1000 for designer gowns. Only use this method if you / your family isn’t superstitious about used gowns, plus you can request to try it on at the seller’s place before you purchase too).Option C: Rent from a budget studio like TheWarehouseBridal My absolutely gorgeous wedding...

Read More

How I Taobao-ed my wedding gown (and why it may make more sense to rent locally)

Getting your wedding gown(s) – Should you Taobao or rent locally? Being a Taobao bride can really help you to save a lot of money on your wedding outfits, accessories, decor, and more! There are even vendors offering video editing services, invitation card designs and prints on Taobao, and other related services. You’ll just have to be good at using keywords to find all these hidden gems. However, what looks good on the models may not always look good on you. On the other hand, there’s a reason why most brides still prefer to rent. When you rent locally,...

Read More

Should I get a bridal package or go ala-carte?

Between convenience and quality, which do you value more? Bridal Packages If you answered convenience, then bridal packages may be easier for you as they can offer a great deal of convenience to brides who are too busy to take care of the nitty gritty details. This can include your pre-wedding shoot, printed albums, makeup and hairstyling, corsages and bridal bouquet, your gowns and suits, actual day photographer and videographer, etc. They can all come included as a single package for your convenience without you having to source from multiple vendors. Of course, the trade-off is that the price...

Read More

Like us on Facebook

Follow us on Twitter


Recent Comments