Author: Singapore's Budget Babe

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....

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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...

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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...

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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...

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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...

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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)...

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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...

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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...

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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...

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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...

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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...

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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,...

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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...

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Giveaway: The Future is Female Conference Tickets

Do women make better investors than men? What “special” feminine traits or instincts might we have that could potentially give us an advantage over our male counterparts? While investing success doesn’t necessarily boil down to gender differences – whether biological or psychological – there’s no denying that it has been mostly the men who have been receiving recognition for their investing prowess so far. Warren Buffett. Charlie Munger. Bill Ackman. Benjamin Graham. Carl Icahn. Peter Lynch. George Soros. Sir John Templeton. Where are the women? Now, before we jump the gun, perhaps it might be worth understanding why the...

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DIY Your Pre-Wedding Shoot (for all budgets!)

Should couples spend on the pre-wedding shoot? Or is this an unwarranted expense? In the Western world, most brides wouldn’t dream of letting their groom see them in their wedding dress before the big day. On the other hand, pre-wedding shoots are hugely popular in Asia, with some couples shelling out a bomb for these photos. Before we went for ours, I deliberated going to Korea to shoot ours as it has always been a dream to do so! However, that would bust our budget, so we consulted a few happily-married couples whom we knew personally to ask them...

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