Author: ValueChampion

4 Ways That Understanding Your Cognitive Biases Can Save You Money

Even the wisest among us have our weaknesses. Often these weaknesses take the form of cognitive biases, which prevent us from identifying areas for positive changes in terms of our personal finances. In this article, we’ve outlined some examples of these biases to help you from wasting your own money. Diminishing Sensitivity & Refinancing Your Home Loan First, consider the phenomenon of “diminishing sensitivity”, which suggests that we are less responsive to changes the further they are from a reference point. Wharton School at the University of Pennsylvania professor Jonah Berger, describes this well in his book “Contagious: Why...

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What is the State of Mental Health in Singapore?

Singapore has one of the best healthcare systems in the world, along with some of the healthiest citizens. But how is the healthcare system performing in terms of mental health? The recently released Singapore Mental Healthy Study conducted by the Institute of Mental Health, gave us important insights. However, it is also important to consider mental illness in Singapore through a historical and global lens to get a clearer understanding of how Singapore’s mental illness landscape is evolving. Our study aims to answer this issue by focusing on what kind of mental illness is most prevalent in Singaporeans and...

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Are Meal Subscription Plans Worth the Cost?

Get the Best Credit Cards in Singapore {“applyCallToAction”:”Learn More”,”defaultSelectedItem”:””,”description”:””,”formType”:”credit-cards”,”title”:”Get the Best Credit Cards in Singapore”,”options”:[{“label”:”Rewards”,”url”:”https://www.valuechampion.sg/best-rewards-credit-cards”,”value”:”rewards”},{“label”:”Cashback”,”url”:”https://www.valuechampion.sg/best-cashback-credit-cards”,”value”:”cashback”},{“label”:”Miles”,”url”:”https://www.valuechampion.sg/best-travel-credit-cards”,”value”:”miles”},{“label”:”Promotions”,”url”:”https://www.valuechampion.sg/best-credit-cards-promotion-and-bonus”,”value”:”promotions”},{“label”:”No Annual Fee”,”url”:”https://www.valuechampion.sg/best-no-fee-credit-cards”,”value”:”no-annual-fee”},{“label”:”Petrol”,”url”:”https://www.valuechampion.sg/best-petrol-credit-cards”,”value”:”petrol”},{“label”:”Overseas Spending”,”url”:”https://www.valuechampion.sg/best-credit-cards-overseas-spending”,”value”:”overseas-spending”},{“label”:”Grab Rides”,”url”:”https://www.valuechampion.sg/best-credit-cards-grab-rides”,”value”:”grab-rides”},{“label”:”Shopping”,”url”:”https://www.valuechampion.sg/best-shopping-credit-cards”,”value”:”shopping”},{“label”:”EZ-Link”,”url”:”https://www.valuechampion.sg/best-ez-reload-credit-cards”,”value”:”ez-link”},{“label”:”Student”,”url”:”https://www.valuechampion.sg/best-student-credit-cards”,”value”:”student”}]} If you’re looking for easy lunch and dinner alternatives, you may have already considered getting a meal subscription–a plan offering meal ‘credits’ at a fixed cost, which can be used at select restaurants nationwide. But before making the jump–are these plans really as convenient and cost effective as they seem? We’ve evaluated Singapore’s subscription plans to identify how they truly measure up to more traditional options. Only Two Competitive Plans on the Market While meal subscription services aren’t necessarily new...

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Should You Use a Grocery Delivery Service?

Get the Best Credit Cards in Singapore {“applyCallToAction”:”Learn More”,”defaultSelectedItem”:””,”description”:””,”formType”:”credit-cards”,”title”:”Get the Best Credit Cards in Singapore”,”options”:[{“label”:”Rewards”,”url”:”https://www.valuechampion.sg/best-rewards-credit-cards”,”value”:”rewards”},{“label”:”Cashback”,”url”:”https://www.valuechampion.sg/best-cashback-credit-cards”,”value”:”cashback”},{“label”:”Miles”,”url”:”https://www.valuechampion.sg/best-travel-credit-cards”,”value”:”miles”},{“label”:”Promotions”,”url”:”https://www.valuechampion.sg/best-credit-cards-promotion-and-bonus”,”value”:”promotions”},{“label”:”No Annual Fee”,”url”:”https://www.valuechampion.sg/best-no-fee-credit-cards”,”value”:”no-annual-fee”},{“label”:”Petrol”,”url”:”https://www.valuechampion.sg/best-petrol-credit-cards”,”value”:”petrol”},{“label”:”Overseas Spending”,”url”:”https://www.valuechampion.sg/best-credit-cards-overseas-spending”,”value”:”overseas-spending”},{“label”:”Grab Rides”,”url”:”https://www.valuechampion.sg/best-credit-cards-grab-rides”,”value”:”grab-rides”},{“label”:”Shopping”,”url”:”https://www.valuechampion.sg/best-shopping-credit-cards”,”value”:”shopping”},{“label”:”EZ-Link”,”url”:”https://www.valuechampion.sg/best-ez-reload-credit-cards”,”value”:”ez-link”},{“label”:”Student”,”url”:”https://www.valuechampion.sg/best-student-credit-cards”,”value”:”student”}]} Grocery delivery services have become very popular by reducing the amount of time individuals and families must spend shopping for food. These companies take the burden out of the grocery shopping process and deliver the food within a specified window of time that the customer selects. With that said, are these services really a good deal? In this article, we analysed the rates of a number of grocery delivery options in Singapore as well as a handful of other ways...

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5 Hobbies of Singapore’s Rich & Famous and How You Can Enjoy Them Too

Get the Best Credit Cards in Singapore {“applyCallToAction”:”Learn More”,”defaultSelectedItem”:””,”description”:””,”formType”:”credit-cards”,”title”:”Get the Best Credit Cards in Singapore”,”options”:[{“label”:”Rewards”,”url”:”https://www.valuechampion.sg/best-rewards-credit-cards”,”value”:”rewards”},{“label”:”Cashback”,”url”:”https://www.valuechampion.sg/best-cashback-credit-cards”,”value”:”cashback”},{“label”:”Miles”,”url”:”https://www.valuechampion.sg/best-travel-credit-cards”,”value”:”miles”},{“label”:”Promotions”,”url”:”https://www.valuechampion.sg/best-credit-cards-promotion-and-bonus”,”value”:”promotions”},{“label”:”No Annual Fee”,”url”:”https://www.valuechampion.sg/best-no-fee-credit-cards”,”value”:”no-annual-fee”},{“label”:”Petrol”,”url”:”https://www.valuechampion.sg/best-petrol-credit-cards”,”value”:”petrol”},{“label”:”Overseas Spending”,”url”:”https://www.valuechampion.sg/best-credit-cards-overseas-spending”,”value”:”overseas-spending”},{“label”:”Grab Rides”,”url”:”https://www.valuechampion.sg/best-credit-cards-grab-rides”,”value”:”grab-rides”},{“label”:”Shopping”,”url”:”https://www.valuechampion.sg/best-shopping-credit-cards”,”value”:”shopping”},{“label”:”EZ-Link”,”url”:”https://www.valuechampion.sg/best-ez-reload-credit-cards”,”value”:”ez-link”},{“label”:”Student”,”url”:”https://www.valuechampion.sg/best-student-credit-cards”,”value”:”student”}]} Of the estimated 183,737 millionaires in Singapore, 1,000 are worth more than S$68.9 million. So what do these ultra-rich do in their spare time? Here are 5 top hobbies of the wealthy–and how you can join the fun without crashing your budget. 1. Golfing If you’re one of Singapore’s wealthiest, you probably won’t blink an eye at Sentosa Golf Club’s S$30,000/year term membership fee, or even the S$1,700 that golfers spend on average every year on equipment and merchandise. However,...

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How Much Does it Cost to Visit Some of the Top Game of Thrones Locations?

Get the Best Travel Insurance in Singapore {“applyCallToAction”:”Learn More”,”defaultSelectedItem”:””,”description”:””,”formType”:”travel-insurance”,”title”:”Get the Best Travel Insurance in Singapore”,”options”:[{“label”:”Travel Insurance”,”url”:”https://www.valuechampion.sg/best-cheap-travel-insurance”,”value”:”travel-insurance”},{“label”:”Annual Travel Insurance”,”url”:”https://www.valuechampion.sg/best-cheap-annual-travel-insurance”,”value”:”annual”},{“label”:”Travel Insurance Promotions”,”url”:”https://www.valuechampion.sg/best-travel-insurance-promotions-discounts”,”value”:”promotions”},{“label”:”Travel Insurance for Sports”,”url”:”https://www.valuechampion.sg/best-cheap-travel-insurance-sports”,”value”:”sports”},{“label”:”Travel Insurance for Families and Groups”,”url”:”https://www.valuechampion.sg/best-cheap-travel-insurance-families-groups”,”value”:”families-and-groups”},{“label”:”Travel Insurance for Seniors”,”url”:”https://www.valuechampion.sg/best-cheap-travel-insurance-seniors”,”value”:”seniors”}]} Not many television shows have achieved the critical acclaim and global fanbase as Game of Throne has in its 8 years of run time. Beyond its award-winning actors and complex and intriguing plot, Game of Thrones also has some of the most amazing sets, utilising everything from medieval castles to entire UNESCO World Heritage Site cities. Because of this, Game of Thrones is able to preserve its history...

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Start University on the Right Foot: 4 Things to Consider After Receiving Your Admissions Letter

During this time of the year, students are receiving their university admissions and deciding which university they will attend in the coming academic year. It’s an exciting time given the high expectations that come with pursuing further education. For example, these degrees can greatly increase the earning potential of future graduates. In this article, we provide some tips for these students and their families to help simplify this process. Consider All of Your Options Once you’ve heard back from each school on your list, it is important to compare all of your options. It can be helpful to create...

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Online Tuition: Does It Really Help You Save Money?

Get the Best Credit Cards in Singapore {“applyCallToAction”:”Learn More”,”defaultSelectedItem”:””,”description”:””,”formType”:”credit-cards”,”title”:”Get the Best Credit Cards in Singapore”,”options”:[{“label”:”Rewards”,”url”:”https://www.valuechampion.sg/best-rewards-credit-cards”,”value”:”rewards”},{“label”:”Cashback”,”url”:”https://www.valuechampion.sg/best-cashback-credit-cards”,”value”:”cashback”},{“label”:”Miles”,”url”:”https://www.valuechampion.sg/best-travel-credit-cards”,”value”:”miles”},{“label”:”Promotions”,”url”:”https://www.valuechampion.sg/best-credit-cards-promotion-and-bonus”,”value”:”promotions”},{“label”:”No Annual Fee”,”url”:”https://www.valuechampion.sg/best-no-fee-credit-cards”,”value”:”no-annual-fee”},{“label”:”Petrol”,”url”:”https://www.valuechampion.sg/best-petrol-credit-cards”,”value”:”petrol”},{“label”:”Overseas Spending”,”url”:”https://www.valuechampion.sg/best-credit-cards-overseas-spending”,”value”:”overseas-spending”},{“label”:”Grab Rides”,”url”:”https://www.valuechampion.sg/best-credit-cards-grab-rides”,”value”:”grab-rides”},{“label”:”Shopping”,”url”:”https://www.valuechampion.sg/best-shopping-credit-cards”,”value”:”shopping”},{“label”:”EZ-Link”,”url”:”https://www.valuechampion.sg/best-ez-reload-credit-cards”,”value”:”ez-link”},{“label”:”Student”,”url”:”https://www.valuechampion.sg/best-student-credit-cards”,”value”:”student”}]} Fully online tuition has not only become increasingly viable in the past few years, it’s also becoming a more and more popular way for Singaporean students to learn conveniently from their own homes. Tutors offer 1-on-1 sessions, but neither teacher nor student need to travel. It would seem this mutual efficiency might be grounds for a lower rate–especially given the time and effort needed to coordinate traditional home tuition. However, is this actually the case? At ValueChampion, we’ve analysed both...

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5 Medical Procedures With Exorbitant Out-Of-Pocket Costs

Healthcare is expensive in Singapore and even after taking advantage of every subsidy and insurance coverage available, Singaporens may still be left with high out-of-pocket costs. In fact, out-of-pocket costs make up almost 37% of total healthcare expenditure in Singapore. This figure is almost 3 times as high as the high-income country average and 1.4x higher than the East Asia & Pacific average. While some procedures may only incur minor out-of-pocket costs (OOP), other procedures may end up costing the patient thousands of dollars. Below, we take a look at which treatments have high out-of-pocket cost, as well as...

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4 Habits to Adopt When You're Young to Adapt to Working When You're Old

While there is much discussion about Singapore raising the retirement and re-employment ages this year, it is doubtful that it will be the last time this topic will be discussed for most millennial workers. With increasing lifespans and better healthcare, Singaporeans are living longer, healthier lives. However, despite more elderly in the workforce than just 10 years ago, working into your older age may not be desirable due to declining health. Because the retirement or the re-employment age may be raised again in the next 20-30 years, workers who just entered the workforce may have to start thinking about...

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How to Earn Vacation Miles by Paying Your Taxes

Get the Best Credit Cards in Singapore {“applyCallToAction”:”Learn More”,”defaultSelectedItem”:””,”description”:””,”formType”:”credit-cards”,”title”:”Get the Best Credit Cards in Singapore”,”options”:[{“label”:”Rewards”,”url”:”https://www.valuechampion.sg/best-rewards-credit-cards”,”value”:”rewards”},{“label”:”Cashback”,”url”:”https://www.valuechampion.sg/best-cashback-credit-cards”,”value”:”cashback”},{“label”:”Miles”,”url”:”https://www.valuechampion.sg/best-travel-credit-cards”,”value”:”miles”},{“label”:”Promotions”,”url”:”https://www.valuechampion.sg/best-credit-cards-promotion-and-bonus”,”value”:”promotions”},{“label”:”No Annual Fee”,”url”:”https://www.valuechampion.sg/best-no-fee-credit-cards”,”value”:”no-annual-fee”},{“label”:”Petrol”,”url”:”https://www.valuechampion.sg/best-petrol-credit-cards”,”value”:”petrol”},{“label”:”Overseas Spending”,”url”:”https://www.valuechampion.sg/best-credit-cards-overseas-spending”,”value”:”overseas-spending”},{“label”:”Grab Rides”,”url”:”https://www.valuechampion.sg/best-credit-cards-grab-rides”,”value”:”grab-rides”},{“label”:”Shopping”,”url”:”https://www.valuechampion.sg/best-shopping-credit-cards”,”value”:”shopping”},{“label”:”EZ-Link”,”url”:”https://www.valuechampion.sg/best-ez-reload-credit-cards”,”value”:”ez-link”},{“label”:”Student”,”url”:”https://www.valuechampion.sg/best-student-credit-cards”,”value”:”student”}]} What if this tax season, you could earn air miles for charging your income tax payment to your credit card? After all, doesn’t everybody deserve some kind of rewards for their patience with forms and filing? Fortunately, there are several credit cards on the market that can actually translate your payments into miles rewards–perfect if you’re looking forward to summer travels. How to Earn Miles with Your Tax Payment In reality, when you charge your income tax to your credit...

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How Much Does it Cost to Stay at the World's Most Popular Airbnbs?

Get the Best Travel Insurance in Singapore {“applyCallToAction”:”Learn More”,”defaultSelectedItem”:””,”description”:””,”formType”:”travel-insurance”,”title”:”Get the Best Travel Insurance in Singapore”,”options”:[{“label”:”Travel Insurance”,”url”:”https://www.valuechampion.sg/best-cheap-travel-insurance”,”value”:”travel-insurance”},{“label”:”Annual Travel Insurance”,”url”:”https://www.valuechampion.sg/best-cheap-annual-travel-insurance”,”value”:”annual”},{“label”:”Travel Insurance Promotions”,”url”:”https://www.valuechampion.sg/best-travel-insurance-promotions-discounts”,”value”:”promotions”},{“label”:”Travel Insurance for Sports”,”url”:”https://www.valuechampion.sg/best-cheap-travel-insurance-sports”,”value”:”sports”},{“label”:”Travel Insurance for Families and Groups”,”url”:”https://www.valuechampion.sg/best-cheap-travel-insurance-families-groups”,”value”:”families-and-groups”},{“label”:”Travel Insurance for Seniors”,”url”:”https://www.valuechampion.sg/best-cheap-travel-insurance-seniors”,”value”:”seniors”}]} With the rise of short-term vacation rental websites such as Airbnb, travellers are no longer limited to staying in hotels. Airbnb’s inception in 2008 shook the traditional hotel industry and over the years, some truly unique and breath-taking homes have been listed. Due to this, travellers are now considering accommodations as part of their overall travel experience. Below, we find out how much it costs to stay at...

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Pinterest vs Twitter vs Snapchat: What You Need to Know Before Investing in the IPO

After Lyft’s highly anticipated IPO last week, the next tech “decacorn” that is up for listing is Pinterest, which has already made its S-1 filings public. In regards to evaluating Pinterest’s business model and its rumored $12bn valuation, it helps to have a few different points of comparisons. Namely, Twitter and Snapchat serve as very natural reference points: they are all “smaller” social networks with a strong presence within their niche markets while also facing stiff competition from Facebook. To help interested investors decide whether they want to invest in Pinterest, we’ve put together the below comparative analysis to...

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4 Expenses You Could be Earning Credit Card Rewards For…But Probably Aren't

Get the Best Credit Cards in Singapore {“applyCallToAction”:”Learn More”,”defaultSelectedItem”:””,”description”:””,”formType”:”credit-cards”,”title”:”Get the Best Credit Cards in Singapore”,”options”:[{“label”:”Rewards”,”url”:”https://www.valuechampion.sg/best-rewards-credit-cards”,”value”:”rewards”},{“label”:”Cashback”,”url”:”https://www.valuechampion.sg/best-cashback-credit-cards”,”value”:”cashback”},{“label”:”Miles”,”url”:”https://www.valuechampion.sg/best-travel-credit-cards”,”value”:”miles”},{“label”:”Promotions”,”url”:”https://www.valuechampion.sg/best-credit-cards-promotion-and-bonus”,”value”:”promotions”},{“label”:”No Annual Fee”,”url”:”https://www.valuechampion.sg/best-no-fee-credit-cards”,”value”:”no-annual-fee”},{“label”:”Petrol”,”url”:”https://www.valuechampion.sg/best-petrol-credit-cards”,”value”:”petrol”},{“label”:”Overseas Spending”,”url”:”https://www.valuechampion.sg/best-credit-cards-overseas-spending”,”value”:”overseas-spending”},{“label”:”Grab Rides”,”url”:”https://www.valuechampion.sg/best-credit-cards-grab-rides”,”value”:”grab-rides”},{“label”:”Shopping”,”url”:”https://www.valuechampion.sg/best-shopping-credit-cards”,”value”:”shopping”},{“label”:”EZ-Link”,”url”:”https://www.valuechampion.sg/best-ez-reload-credit-cards”,”value”:”ez-link”},{“label”:”Student”,”url”:”https://www.valuechampion.sg/best-student-credit-cards”,”value”:”student”}]} Almost everything you spend on–from Starbucks coffee to Grab rides–can easily earn miles or cashback if you have the right credit card. Even still, many people neglect to use their credit cards for surprisingly common expenses. In fact, it’s almost taken for granted that credit cards no longer reward income tax payments, recurring bills and AXS, or even medical expenses–but is this really always the case? To make sure you’re not leaving rewards on the table, we’ve identified 4 commonly...

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Wedding Costs Even Higher in 2019: Banquet Prices Continue to Increase

Get the Best Personal Loans in Singapore {“applyCallToAction”:”Learn More”,”defaultSelectedItem”:””,”description”:””,”formType”:”personal-loans”,”title”:”Get the Best Personal Loans in Singapore”,”options”:[{“label”:”Personal Loans”,”url”:”https://www.valuechampion.sg/best-personal-loans-singapore”,”value”:”personal-loans”},{“label”:”Personal Loans for Bad Credit”,”url”:”https://www.valuechampion.sg/best-personal-loans-bad-credit-singapore”,”value”:”bad-credit”},{“label”:”Personal Loans for Foreigners”,”url”:”https://www.valuechampion.sg/best-personal-loans-foreigners-singapore”,”value”:”foreigners”},{“label”:”Debt Consolidation Plans”,”url”:”https://www.valuechampion.sg/best-debt-consolidation-loans”,”value”:”debt-consolidation-plans”},{“label”:”Balance Transfers”,”url”:”https://www.valuechampion.sg/best-balance-transfer-loans”,”value”:”balance-transfer”},{“label”:”Personal Line of Credit”,”url”:”https://www.valuechampion.sg/best-personal-line-credit”,”value”:”personal-line-of-credit”},{“label”:”Student Loans”,”url”:”https://www.valuechampion.sg/best-education-loan”,”value”:”student-loans”},{“label”:”Education Loan for Studying Overseas”,”url”:”https://www.valuechampion.sg/best-overseas-education-loan”,”value”:”education-loan-for-studying-overseas”},{“label”:”Renovation Loans”,”url”:”https://www.valuechampion.sg/best-renovation-loan”,”value”:”renovation-loans”}]} In the past decade the cost of getting married in Singapore has steadily risen. We have observed that this trend continued again in 2019, with average banquet prices increasing faster than inflation. Here, we explore this trend as well as some of its potential causes. Study Highlights: Banquet prices continued to increase in 2019 compared to 2018 (up 2.6% overall, faster than inflation of...

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