Author: ValuePenguin Singapore

4 Financial Steps to Take Shortly After Marriage

Marriage is a very intricate partnership between two people, filled with all kinds of complexities that can make it both extremely rewarding and difficult. Finance is an especially integral part of this partnership; in fact, money is now the biggest cause of divorces in modern society. In the midst of the excitement of getting engaged, busily planning the wedding, holding the actual banquet and then going on a honeymoon, however, it can be easy for newlyweds to forget about the important housekeeping tasks, especially when it comes to finances. Here are 4 financial steps to take immediately after getting...

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Lessons for Investors Following China's P2P Lending Nightmare

A recent wave of failed P2P lending platforms in China has caused many investors to lose a lot of money. Some investors lost hundreds of thousands of dollars, which represented their entire retirement savings. What caused this to happen and should this trend in the world’s largest P2P lending market worry investors in Singapore? What Happened to China’s P2P Lending Industry? China’s P2P lending industry, which is the world’s largest with total outstanding loans of approximately S$200 billion, experienced rapid growth in the past decade. In 2006, China’s first online P2P platform launched and there were 2,388 active platforms...

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Diapers Are Going to Become More Expensive: What Can You Do?

Diaper companies are going to charge you more for their products, but you can still find ways to save on disposable diapers. Duckju Kang – August 15, 2018 Newly wed couples and parents of young babies just got one more reason for concern. While families already spend about S$1,000 to S$1,500 per year on diapers, Procter & Gamble, one of the biggest manufacturers of diapers in the world, recently announced that it will raise prices on Pampers by about 4% later this year, with its rival Kimberly Clark also signaling a similar move. While 4% may not sound like...

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Thinking of Hiring an Interior Designer? Here's How Much It Will Cost

You just bought a new flat and you’re excited to turn it into the home of your dreams. Or maybe you’re interested in real estate investment and are looking to redesign a flat to maximise its resale value. However, how do you turn that vision into a reality? While expensive, interior designers can be one such avenue if you decide to opt for professional services. By playing an integral role in everything from project management to choosing furniture fabric, interior designers are there to help you through the entire process of renovating a home. Below, we discuss what you...

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5 Health Misconceptions That Can Burn a Hole in Your Wallet

Most of us have a desire to be fit and healthy. However, our hectic lives can often get in the way of living up to that potential, leading us to try to find quick shortcuts on our path to wellness. Unfortunately, some companies capitalise on this desire to be healthy and try to promote false promises of weight loss and illness cures to unsuspecting consumers. This leads to people spending hundreds of dollars on things that may do them more harm than good, rather than investing in habits that will benefit them in the long term. Below, we explore...

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3 Adventurous Vacations Depending on Your Budget

If you’re an active person and have been feeling as if you are chained to your desk, maybe it’s time to consider an adventurous vacation to reinvigorate yourself. Not all thrill seekers are able to spend as much as others, so we’ve compiled a list of exciting trips that suit a range of budgets. Surfing on a Budget in Thailand Just an hour and a half flight from Singapore, Thailand’s Phuket Province is a beautiful island and a popular destination for tourists. Phuket is an affordable place to visit and has some awesome surfing due to its tropical waters,...

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Lombok Travel Advisory: What Singaporean Travellers Should Do

Find out what steps you should take following the earthquakes in Lombok, Indonesia if you are either currently in Lombok or have upcoming plans to travel there. Anastassia Evlanova – August 8, 2018 After the powerful 7.0 earthquake hit Lombok, Indonesia on August 5th, hundreds of tourists were evacuated from the neighboring Gili islands following a tsunami warning, with thousands others feeling the tremors from as far as Bali. This quake came just one week after a similar 6.4 magnitude earthquake hit the same area, leaving 17 people dead and hundreds more injured. As the Ministry of Foreign Affairs...

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Are Coding Bootcamps Worth Your Time and Money?

Due to the demand for programmers and the high cost of university tuition, coding bootcamps are becoming increasingly popular. For example, the number of students that completed one of these programs in 2017 was about 10 times higher than in 2013 in the United States and Canada. These programs are also popping up in Singapore, but are they actually worth your time and money? What Do Coding Bootcamps Offer and How Much Do They Cost? There are several coding bootcamps that offer classes in Singapore or online. There is a wide variety of course material: students can study web...

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5 Seemingly Harmless Things That Can Get You In Trouble With Your Car Insurer

We all know that drink driving or texting while driving will get you in trouble. However, besides these glaringly obvious examples of driving faux pas, there are other certain seemingly innocuous things that can get you into quite a bit of trouble with your car insurer. Some of these things can be as slight as being careless with your car’s mechanics while others may have repercussions that are far worse than just a declined claim. Below, we outline some actions or habits that may result in either a denied claim or even a loss of your policy. Not Following...

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4 Effective Ways to Resolve Conflicts With Your FDW

We are all too aware of how certain employers of foreign domestic workers (FDW) faced tragedy when seemingly innocuous problems spiral into fatal accidents and abuse. Improper conflict resolution with your FDW can create not only tense environments at home but can also lend itself to financial difficulties resulting from termination, rehiring and even legal fees. If you find yourself frustrated with your relationship with your FDW, there are several conflict resolution tactics you can take to take to prevent the costly financial ramifications that can follow a broken employment relationship. Proactive Communication Can Prevent Costly Resolutions One of...

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Is Buying an HDB Flat to Rent It Out a Good Investment Idea?

Renting HDB flats has become increasingly popular in Singapore. The major increase in approved HDB rental applications of about 58% in the past 5 years suggests that more homeowners are renting out their properties in order to earn extra money. We wondered what kind of returns a homeowner could expect from purchasing an HDB as an investment. This article explores the costs and benefits of purchasing an HDB flat by analysing the range of possible returns and comparing them to other investment opportunities. Returns from Purchasing a HDB Flat as an Investment: Rent and Resale There are 2 ways...

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4 Last Minute Deals to Save on Your National Day Holiday

It’s no secret that last minute travel, while convenient, can be more expensive than planning a trip months ahead of time. However, with National Day just a week away, a lot of people could still be scrambling to snag a last minute 4-day long weekend holiday. Below, you’ll find some of the top ways to save on your National Day trip if you haven’t booked your long weekend trip yet. Check Travel Consolidators for Last Minute Packages While it may be infeasible to try and book a cheap getaway to Europe for just 4 days, there are plenty of...

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The Best Restaurants in Asia: How Much Do Their Tasting Menus Cost?

It’s no secret that foodie culture has deeply penetrated every corner of the world. Some of the most popular TV shows are now about food, and an uncountable number of chefs have become big celebrities with huge followings on social networks. As such, people are always on Instagram obsessing over who eats what and where. Naturally, people also care a lot about which chefs and restaurants get rated as the best restaurants in the world. In 2018, there were 23 restaurants in Asia, Australia, Russia and Turkey that ranked as the best 100 restaurants in the world. For those...

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Could Solar Energy Make Your Electricity Bill Cheaper?

Solar is a very exciting renewable energy source. It is a clean source of energy that can increasingly be used to produce cheap electricity. For example, the price of a photovoltaic (PV) system in Singapore declined by around 80% between 2007 and 2015. Naturally, the adoption of solar energy has grown rapidly following the decline in cost. The total installed capacity of solar photovoltaic (PV) systems connected to the grid in Singapore has more than doubled since the beginning of 2016 from 73.6 MWp to 149.1 MWp at the beginning of 2018. In this article, we examine how consumers...

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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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