Author: ValueChampion

5 Affordable Ways to Set Your Child Up for a Lifetime of Good Health

Parents always want what’s best for their child, often spending thousands of dollars on the best schools, extracurriculars and gadgets. However, instilling healthy lifestyle habits is just as important as getting your kid into the best school. Not only does a healthy lifestyle in childhood correlate to a healthy lifestyle as an adult, but it also prevents unnecessary spending on easily avoidable doctor’s visits that take time away from their education. However, despite high healthcare costs, you don’t actually need to spend a lot of money to keep your child healthy. Below, we discuss 5 things you can do...

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3 Ways to Boost Your HDB Flat's Resale Value

In recent months, HDB flat resale values have remained sluggish. Whether this is caused by fears of 99-year leases ending or by cooling measures, it is not a great sign for homeowners. Because these homeowners can’t affect the market’s trends or make their neighborhood trendy overnight, we wondered how these individuals could actually boost the value of their homes. In this article we examine three different ways that you can increase the value of your home, ranging from expensive to more affordable options. Got a Big Budget? Hire an Interior Designer If you feel that your home needs a...

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Travelling for Deepavali? Where to Go and How to Save While Celebrating

Deepavali (Diwali) is the second to last public holiday left this year, a stark reminder that 2018 has somehow ended as fast as it began. While Singapore has many interesting things to do during the Festival of Lights, some people may want to take advantage of Deepavali falling on a Tuesday and take a well-deserved long weekend holiday. In fact, this can be the perfect time to not only explore a new destination, but also see how other countries around the world celebrate this festive Hindu holiday. Below, you’ll find some of the top destinations to visit if you...

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Making Connections: SME Interview Series with Minterest

Founded in 2016 by three experienced finance professionals, Minterest seeks to empower small businesses by connecting them individual investors with through its crowdfunding platform. So far the Singapore-based startup has raised more than S$32 million in small business loans. To find out more about the company’s success and future plans, we interviewed Minterest’s Co-Founder and CEO Charis Liau. We believe that Minterest’s startup experience and expertise in small business financing provide valuable lessons for entrepreneurs in Singapore . When did Minterest begin its operations? Minterest was incorporated in March 2016 and commenced operations in May 2017 after securing its...

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3 Ways to Avoid Becoming a Victim of a Crowdfunding Scam

Earlier this year SME director Choy Peiyi was sentenced to 10 years in jail for creating fake invoices that allowed her business, Vanguard Project Management, to raise more than S$25 via the Singapore-based crowdfunding site Capital Springboard. Users of the Capital Springboard platform that invested in Peiyi’s company lost nearly S$7 million in total. Choose the Right Crowdfunding Platform If this example worries you about investing in crowdfunding campaigns, you may be reassured to know that not all crowdfunding platforms pose this much risk. In fact, some platforms have incredibly low default rates, which highlights the need to conduct...

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Which University Program in Singapore Offers the Highest Return on Investment?

Attending university is a crucial step for advancing your career and salary potential. With that said, the cost of university education continues to soar and not all programs are created equal in terms of helping students find a job. Given these factors, how can you be sure that going to college actually pays off? To help prospective university students and their parents, we’ve analysed data from more than 70 programs in Singapore to determine which ones give you the value in terms of expected salary compared to tuition cost. Computer Science & Nursing Offer Great ROI Our analysis indicates...

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How Rich Do You Have to Be to Own Landed Property in Singapore?

One of the most coveted types of real estate property in Singapore is the landed property. Peppered throughout Singapore among the towering HDB’s and Condos, landed properties can both inspire and act as a stark reminder of Singapore’s wealth gap. So how much do you actually have to earn to be able to afford a landed property? Below, we take a look at the costs are associated with owning a landed property and how much you need to earn to afford one. How Much Do Landed Properties Cost? Depending on the type of landed property you want to get,...

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What Do Rising Interest Rates in the U.S. Mean for Singaporeans?

If you are familiar with trends in international banking and finance, you already know that changes in Singapore’s interest rates (SIBOR and SOR) are typically correlated to those of interest rates in the United States. Given the United States Federal Reserve has increased its target interest rate to 2.25%, Singaporeans should expect to see SIBOR and SOR rates increase in the coming weeks. But what exactly does this mean for individuals in Singapore? Why Does the Rate Hike Matter to You? For most Singaporeans, rising interest rates shouldn’t cause too much concern. However, higher rates mean that the cost...

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How I Managed to Amass $750K Before the Age of 35: Real Life Lessons from Brian

This is the second interview we’re producing in our efforts to educate and inspire our readers with real life examples. While our first interview focused on how to save money, this one features the story of Brian who recently managed to save S$750k in Singapore before reaching the age of 35. But how was he able to achieve such a big feat, and what could our readers learn from him? We asked him to share his thoughts on the matter. Story of Brian: How I Managed to Amass S$750k Before the Age of 35 Being able to amass $750k...

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Top 3 Ways to Help Your FDW Become Financially Responsible

Starting January 1, 2019, you will no longer be able to safe-keep any money belonging to your Foreign Domestic Worker (FDW), regardless whether it was by her request. Failure to follow these new regulations can result in a maximum fine of S$10,000 and a yearlong jail term. However, while this new permit condition was undoubtedly created to protect domestic workers from financial abuse and employers from misunderstandings or false accusations, some Singaporeans and their FDWs are concerned about potential money mismanagement. So what can you do to safeguard your domestic worker’s hard earned funds now that the law has...

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Catalysing Growth: SME Interview Series with Validus Capital

Validus is a successful, Singapore-based startup that specialises in crowdfunded business loans. So far, the platform has generated S$132,824,551 in business loans for Singapore’s SMEs. Validus leverages its expertise in data analytics, machine learning and artificial intelligence (AI) in order to minimise fees and logistical hurdles for both borrowers and investors. We reached out to Validus to learn about what else has made the company so successful as well as to hear their tips for aspiring startups in Singapore. When did Validus begin its operations? Validus was founded in July 2015. We’ve since built a highly experienced team and...

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How I Escaped & Stayed Out of Poverty: Lessons from the Writer of “Frugal in Singapore”

An English philosopher named once said “the great aim of education is not knowledge but action.” We believe in educating the consumers with right concepts so that they can make financially savvy decisions on their own. And when it comes to education, there’s nothing quite like learning through examples. Therefore, we sought to share success stories and examples of real people that can help inspire our readers to take actions and achieve their financial goal. Below is the story of Spring Sun, the writer of a popular blog called Frugal in Singapore. She has an amazing story of growing...

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ValueChampion Student Interview Series: Aditya Karkera, Yale-NUS Class of 2020

University education greatly influences career paths and financial futures. ValueChampion is interested in sharing the personal stories of the future generation of Singapore’s professionals. With this in mind, we are conducting a series of Q&A interviews featuring top students at universities in Singapore. Born in Mumbai and raised in Oman and Qatar, Aditya Karkera, a junior at Yale-NUS, studies Mathematical, Computational, and Statistical Sciences (MCS). He is also involved with student groups such as the Yale-NUS Student Investment group and the Yale-NUS Student Government. He is interested in pursuing a career in investment banking following his studies. How did...

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Is it Cheaper to Rent or Buy a Home? It Depends on Where You Live

One of the most important financial decisions in your life is choosing to purchase a home. Timing is everything with this decision, which can make it a particularly tricky one. For example, prospective first-time homebuyers are often unsure if they should still be renting or if they would be saving money my purchasing a home. In order to evaluate where in Singapore home buyers would be better of renting or owning homes, we analysed data from the Housing & Development Board to estimate the cost of renting versus the cost of purchasing a home in different neighborhoods within Singapore....

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Where Can You Afford to Purchase an HDB Flat in Singapore?

Housing prices vary dramatically between neighborhoods in Singapore. For this reason, affordability varies for individuals and families across the island. Have you ever wondered how much you would have to earn to live comfortably in various neighborhoods in the country? In this article we analyse how much you would have to earn in order to afford a typical 4-room HDB flat in each of Singapore’s neighborhoods. What Kind of Salary Do You Need to Purchase a Home in Each Neighborhood? In order to answer the question of how much one would need to afford a home in each neighborhood...

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