Author: ValueChampion

Is Priority Pass Membership Really Worth Paying For?

Priority Pass, a service that grants its members a free or subsidised entree to its numerous airport lounges all over the world, is a highly coveted item for frequent travellers. While most airline lounges are only available to their frequent fliers and business/first class customers, Priority Pass provides access to a lounge in most airports around the world for a fee. For instance, its most basic Standard plan, which costs US$99 annually, lets members enter any of its member lounges for a small fee of US$27. On the other end of the spectrum, its Prestige plan grants free lounge...

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Thinking of Getting an Electric Car? Here's 5 Things You Should Know

Singapore has had a shaky relationship with electric vehicles. While electric cars have found their space with car-sharing companies such as BlueSG and Grab, they have not found the same success in the private consumer market. Even Elon Musk got into a scuffle with Singapore’s government regarding the distribution and availability of electric cars in Singapore. However, while still a bit hard to get, electric cars can be a great environmentally friendly alternative to petrol cars—if you know what you are getting into. Here are some things you should know if you have been thinking about getting an electric...

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ValuePenguin SG Rebrands into ValueChampion

Hello Singapore! Some of you may have noticed already. After 2 years of diligently serving Singaporean consumers to help them make better and more educated financial decisions, we recently decided to rebrand our Singapore site from ValuePenguin to ValueChampion. As with any rebranding, this was not a random decision we made lightheartedly. In fact, it is not going to be an easy transition for us, as we will have to sacrifice some of the business and the brand we’ve been building for the last 2 years. Still, we wanted to write this short blog post to explain why we...

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Making Fashion Sustainable: Small Business Interview Series with Swapaholic

It sometimes seems that it costs a lot of money to keep up with the constantly changing fashion trends. Swapaholic is a unique fashion startup in Singapore that aims to save individuals money while giving them the chance to engage in responsible consumerism. To do so, this company organises clothing swaps in which hundreds of shoppers trade their used clothes for other lightly used and carefully-examined clothes for a small fee. This business model allows shoppers to frequently change their wardrobe while having less harmful impact on the environment. We interviewed Swapaholic’s Founder and Director, Priyanka Shahra, to learn...

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Travel Cancellations, Delays and Postponements: Will Your Insurer Pay Out?

A delayed or cancelled trip not only brings anxiety about missing important transfers or a part of your holiday itinerary, but it can also cost you hundreds of dollars. As an unlucky traveller found out, even protecting yourself with a travel insurance policy may not guarantee compensation if you experience unwelcome changes to your holiday. To help prevent these travel insurance claim mishaps, we share some important things to look out for in the policy documents of your travel insurance policy before making a purchase. Not All Trip Delay Coverage is Created Equal A group of friends all filed...

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COE Price Declines: How Much Do Singapore's Most Popular Cars Cost Now?

Singapore is famous for its exorbitant car prices, largely thanks to legal requirements like Cost of Entitlement (COE) that drivers have to purchase to own a car. However, COE prices have declined significantly over the last year. In August 2017, a Category A COE cost approximately S$46,778, while they now go for S$30,209, representing a 17% drop. Category B COEs, which are required for larger vehicles, are 40% less expensive than they were in August of 2017, declining from S$53,711 to S$32,429. This drop will likely encourage individuals to purchase new vehicles. This made us wonder: how much do...

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How Expensive Is It to Get Divorced in Singapore?

While the vast majority of marriages are successful, about 7,000 relationships end in divorce every year in Singapore. This figure is significantly higher than in earlier decades, when divorce was much less common. For example, the number of divorces has nearly doubled since the early 1990s. Sadly, this means that more couples have been going through this unhappy process. In addition to the emotional burden, this very unpleasant life-event can be very expensive. This article explores the various costs of getting divorced. Primary Cost of Divorce: Legal Fees Many divorces require hiring a lawyer to help individuals navigate the...

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Top Travel Destinations of 2018: How Much Will They Cost You?

The popular online travel guide Lonely Planet has released its Top Travel Destinations for 2018 guide and the results couldn’t be more exciting. Destinations included everything from Singaporean favourites such as Taiwan and South Korea to more far flung cities in Brazil and South Africa. Below, we look at a few of their picks as well as how much a trip to these destinations would cost Singaporeans. Destinations in Asia & Asia Pacific According to Lonely Planet, some of the top destinations for 2018 in Asia were Kaohsiung, Taiwan; Hunan, China; Canberra Australia; Seoul, South Korea and Dunedin, New...

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How Much Does it Cost to Send Your Children to a University Abroad?

A recent report by HSBC indicates that approximately 45% of Singaporean parents would be willing to send their children abroad for university; however, it also states that only 33% of them know how much this education would cost. We wanted to get to the bottom of it. HSBC’s report listed Australia, the United Kingdom, the United States, Canada, Japan, Germany, New Zealand, India, Switzerland, Hong Kong, and China as the top 10 international destinations for Singaporean students. With that in mind, we gathered tuition, room & board, fee, travel, and currency exchange data in order to estimate the cost...

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How Much Does it Cost to Send Your Children to a University Abroad?

A recent report by HSBC indicates that approximately 45% of Singaporean parents would be willing to send their children abroad for university; however, it also states that only 33% of them know how much this education would cost. We wanted to get to the bottom of it. HSBC’s report listed Australia, the United Kingdom, the United States, Canada, Japan, Germany, New Zealand, India, Switzerland, Hong Kong, and China as the top 10 international destinations for Singaporean students. With that in mind, we gathered tuition, room & board, fee, travel, and currency exchange data in order to estimate the cost...

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Top Travel Destinations of 2018: How Much Will They Cost You?

The popular online travel guide Lonely Planet has released its Top Travel Destinations for 2018 guide and the results couldn’t be more exciting. Destinations included everything from Singaporean favourites such as Taiwan and South Korea to more far flung cities in Brazil and South Africa. Below, we look at a few of their picks as well as how much a trip to these destinations would cost Singaporeans. Destinations in Asia & Asia Pacific According to Lonely Planet, some of the top destinations for 2018 in Asia were Kaohsiung, Taiwan; Hunan, China; Canberra Australia; Seoul, South Korea and Dunedin, New...

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4 Things Prospective Homeowners Need to Know About the August BTO Sales Launch

Owning a brand new HDB flat is an enticing proposition. The new sales launch gives Singaporeans this chance, so we dug into the details of the sales launch in order to help prospective homeowners understand the newest BTO offerings. William Hofmann – August 30, 2018 The Housing & Development Board’s latest Build-To-Order (BTO) sales launch offers Singaporeans an exciting opportunity to purchase a new HDB flat. Because purchasing a home is one of the most significant investments that most individuals will make in their lifetime, it is important to make a well informed decision. The August sales launch includes...

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4 Things Prospective Homeowners Need to Know About the August BTO Sales Launch

Owning a brand new HDB flat is an enticing proposition. The new sales launch gives Singaporeans this chance, so we dug into the details of the sales launch in order to help prospective homeowners understand the newest BTO offerings. William Hofmann – August 30, 2018 The Housing & Development Board’s latest Build-To-Order (BTO) sales launch offers Singaporeans an exciting opportunity to purchase a new HDB flat. Because purchasing a home is one of the most significant investments that most individuals will make in their lifetime, it is important to make a well informed decision. The August sales launch includes...

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Small Business Interview Series with For the Love of Laundry: Singapore's Greenest Laundry Service

Founded in 2011, For the Love of Laundry has made a point to offer high quality laundry services with minimal environmental impact. The business is 1 of 2 laundrettes in Singapore to use liquid silicone instead of perchloroethylene, a chemical that has been linked to cancer. By using liquid silicone, For the Love of Laundry is able to offer a laundry service that is both less damaging to its customers’ clothes and less harmful to the health of its employees and the environment. On top of that, the business incentivises customers to return plastic hangers for re-use by donating...

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Small Business Interview Series with For the Love of Laundry: Singapore's Greenest Laundry Service

Founded in 2011, For the Love of Laundry has made a point to offer high quality laundry services with minimal environmental impact. The business is 1 of 2 laundrettes in Singapore to use liquid silicone instead of perchloroethylene, a chemical that has been linked to cancer. By using liquid silicone, For the Love of Laundry is able to offer a laundry service that is both less damaging to its customers’ clothes and less harmful to the health of its employees and the environment. On top of that, the business incentivises customers to return plastic hangers for re-use by donating...

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