Author: ValueChampion

Bored of Your Vacations? 6 Types of Travel Styles and Their Costs

While some of us prefer the convenience that comes along with all-inclusive vacations, others yearn for adventure or a chance to do something they’ve never done before. Luckily, due to the increased interest of exploring different travelling styles, travel agencies and other organisations have started catering to individual needs, rather than only offering standard vacation packages. Below, we break down the financial costs of some of the top new travel trends to help you plan your next trip. Packaged Holidays Group packages (flight and hotel) are easy and convenient ways to travel and can often end up being one...

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Rising Credit Card Frauds in Singapore: What You Need to Start Doing Immediately to Protect Yourself

Cyber attacks represent a big threat to consumers’ finances. Here are a few things Singaporeans can do to immediately reduce the risk of a financial identity theft. Duckju Kang – July 31, 2018 From incidents involving global giants like Apple to local entities like SingHealth, Singapore has had no shortage of news regarding cybersecurity data breaches and credit card frauds recently. In fact, this has been a global phenomenon: according to a recent report released by cyber intelligence firm IntSights, the number of hacked US credit card numbers for sale on the internet’s dark web already leaped 135% in...

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Are Singaporean Hospitals Overcrowded?

While the Singaporean healthcare system has been ranked as one of the most efficient worldwide, Singaporeans appear to think differently. In fact, 72% of Singaporeans have been feeling like their healthcare system is failing them. This can be attributed to a number of reasons, ranging from more hospital attendance to longer wait times and a decline in medical resources such as hospital beds. In this article, we discuss hospital overcrowding and whether or not Singaporean hospitals have gotten more crowded over the past 10 years. Hospital Beds Are Increasing at a Slower Rate than Hospital Admissions Our research found...

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Which MBA in Singapore Offers the Best Return on Investment?

MBAs with the Highest Return on Investment Pursuing a Master’s in Business Administration (MBA) can be an expensive and time consuming endeavor. However, earning an MBA can allow individuals to build marketable skills and greatly increase their salary. This cost-benefit trade-off can be difficult to conceptualise. To that end, we analysed the return on investment for Singapore’s top MBA programs in order to give students a starting point as they begin to compare schools. 1. NUS Business School Based on our calculation, the National University of Singapore (NUS) Business School offers the highest return on investment of the top...

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What Type of Insurance Will Charge You More Just For Being a Woman?

News of gender differentiated premiums for CareShield Life have sparked a hot debate. While industry professionals cited differences in risk between males and females as well as the importance of prioritising actuarial fairness, others felt that making women pay more just for living longer was outrageous. However, gender differentiating premiums are not a new phenomenon. In fact, several types of insurance policies follow this type of scheme. To this extent, we wanted to explore how other types of insurance stacks up in terms of pricing factors. Below, we explore the different types of insurance schemes that charge different premiums...

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How Do Singapore's Housing Market Cooling Measures Affect First-Time Home Buyers?

If you’ve been considering purchasing your first home, you may be concerned by the property market cooling measures introduced by the government earlier this month. How will these measures affect you as you plan to purchase your first home? William Hofmann – July 26, 2018 Individuals preparing to purchase their first home typically pay close attention to interest rate changes and other news that will affect what is likely to be the biggest purchase in their lives. For this reason, these consumers should be aware of recent housing market cooling measures introduced by the government earlier this month. We...

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Cost of Partying Like a Boss in Singapore: How to Save on VIP Tables in Clubs

You may have seen it on TV. Perhaps, you already know people who have done it. For busy professionals who are constantly hard at work, going to a club on the weekend is one of the most popular ways of blowing out their stress. But, partying like a boss isn’t cheap, especially in a city like Singapore, one of the most expensive cities to live in the world. Still, partying at a VIP table at a club with bottle service is something many aspire to do at least once. To find out how much it really costs to party...

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Should You Use a Credit Card to Pay University Tuition?

If you are a university student or parent of a student, you may have considered using your credit card to pay for tuition. This may seem convenient or even savvy given the potential rewards offered by some credit card companies. However, is using a credit card to pay for university tuition really a good idea? In this article, we analyse whether or not you should use a credit card to pay for a university education. Beware of Rewards Exclusions and Convenience Fees Before you get too excited imagining accruing free flights or cashback from large tuition charges, it is...

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Got a Gambling Problem? 6 Steps You Must Take to Save Your Finances

Over the past decade, gambling has becoming less problematic for Singaporeans as a whole. However, the recent news of a man losing S$80,000 while gambling in the last World Cup is a sober reminder of how dangerous and relevant gambling still is today. In fact, while surveys indicate that gambling addiction has gone down significantly, there are also anecdotal evidence from social services that contradict this, citing more addicts seeking help in the past few years. Some people may think gambling is an easy way to get rich. But, it is one of the easiest way to create a...

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How Big of a Problem is Income Inequality in Singapore?

Income inequality is a major concern for rich and poor countries, alike. Severe income inequality can be divisive and even lead to social unrest. With that said, is income inequality a problem in Singapore? If so, how severe is it? William Hofmann – July 23, 2018 With GDP per capita of S$79,697, Singapore is one of the richest nations in the world. However, like many other countries, it faces concerns regarding rising income inequality among its residents. In this study, we analysed publicly available data to determine the severity of income inequality in Singapore. Study highlights: Income Gap: The...

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4 Ways Fintech is Disrupting the Lending Industry

Fintech companies are beginning to transform many aspects of the financial world. From mobile payments replacing cash and credit cards to robo advisors competing with traditional financial advisors, financial products are increasingly inexpensive and user-friendly. Luckily for borrowers, consumer and business lending are also being revolutionised. How exactly are new lenders changing the game and how will you be affected by changes in the lending industry? Leveraging Data Analytics One of the most disruptive ways fintech companies are changing lending practices is their use of data analytics. Lenders leverage data obtained from applicants in order to better predict the...

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Want to Lose Weight? Here Are 3 Costs You Shouldn't Avoid When Getting in Shape

Plenty of people want to be in shape and look good. But, diets are also very easy to fail. Sometimes, people get too ambitious and eager in the beginning, and eventually give up in disappointment or burnout. Other times, some actually reach their diet goals but quickly revert back to their old ways. However, a successful diet requires a long-term lifestyle change, which has many implications both socially and financially. While making social changes (i.e. who you spend time with) might be difficult, here are 3 financial investments that you actually should incur in order to make the lifestyle...

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5 Financial Tips for Travelling With a Chronic Illness

Due to the high cost of healthcare it may seem that once you are diagnosed with a chronic illness, many previously attainable luxuries, such as travel, are now out of reach. But while chronic conditions can make one feel isolated in addition to feeling financially worse-off, the reality is that almost 1 in 2 Singaporeans are at risk of developing one. The good news is that living with a chronic condition doesn’t have to stop you from exploring the world. Below, we discuss several financial tips and habits that can help you save some extra cash and remain well-protected...

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Singapore Airlines Gold Status: Its True Cost and How to Get It More Cheaply

Getting an airline’s gold member status is a luxury that is highly coveted by frequent travellers. Its numerous benefits include free access to lounges all over the world, priority airport check-in and boarding, faster security and immigration process and even accelerated mile rewards. For those who travel more than just a few times a year, these benefits can be an invaluable asset that reduces both financial cost and mental stress. However, just how much does it really cost to achieve Singapore Airlines’ KrisFlyer Elite Gold Status? We explore this issue and some ways consumers can get it more cheaply....

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4 Hidden Costs of Condo Ownership in Singapore

Property in Singapore is expensive, whether you are looking to rent, buy your first HDB or upgrade to a private property. Recently, the government has introduced measures to cool the property market, which are expected to benefit HDB properties and could make private properties more affordable. However, it will still be very difficult for people to upgrade from HDB flats to a condo. Beyond the exorbitant purchasing costs, condos come with a plethora of other costs that can amount to thousands of dollars more than what you would pay for an HDB flat. Below, we explore the most common...

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