Author: ValuePenguin Singapore

4 Holidays Left for Singapore: 3 Simple Ways to Save on All Your Vacations in 2018

For Singaporeans, there are 4 public holidays left in 2018: National Day on 9 August, Hari Raya Haji on 22 August, Deepavali on 6 November and Christmas on 25 December. As most of these fall on a Thursday or Tuesday, they are also great opportunities for diligent workers to take long-weekend vacations simply by taking 1 day off. Still, given that the average cost of a vacation in the ASEAN region could range from several hundred to over a thousand dollars, one’s ability to travel for fun may be more restricted by financial budget than vacation days available for...

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4 Signs That the Stock Market Might Be Peaking Out

The global stock market has been on fire in the past year. Most of the major indices around the world like the S&P 500, Hang Seng Index and Nikkei 225 have all gained 10% in the past 12 months, and even normally “boring” markets like Korea and Singapore have gained significantly since 2016. But, there are signs in the economy that may suggest that this bullish run may not have much juice left in it. Here, we discuss 4 signs that investors around the world should heed before putting more money into the stock market. We’re About 1 Month...

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How Worried Should Your Small Business Be About Cyber Security?

Cyber attacks have become an increasingly common for individuals, governments and businesses. Small businesses are particularly vulnerable. In fact, 35% of SMEs in Singapore were attacked by ransomware in 2016. Furthermore, only 1 in 10 SME directors felt very confident that they could stop an attack. With that said, how worried should you be about cyber security threats to your small business? And what steps should you take to protect your company? Understanding the Threat: What Are Ransomware and Phishing? In 2017, 2 in 5 cyber attacks were on SMEs. Most of these attacks come in the form of...

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4 Things Millennials Must Do to Become Millionaires

According to a recent survey by TD Ameritrade, 53% of millennials believe that they will become millionaires. But, we all know that hard work alone isn’t always enough to become wealthy. To be financially successful, you need to meticulously plan ahead, take risks, work hard and get lucky. Don’t Look for a Passion, Look for Something You Are Good At Many career advices will often suggest people to combine their career and their passion. However, this is often highly unrealistic and actually counterproductive for a number of reasons. First, mosts people will never really realize what profession they are...

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Are Singapore's Millennials Financially Irresponsible?

Known for their love of avocado toast and social media, millenials are often criticised for not being financially savvy or forward thinking. Not only that, they expect to retire earlier than older generations despite expecting to live longer. But how do their financial habits really compare to other generations? And how do Singapore’s millennials compare to young people around the world? How Do Millennials Compare to Other Generations in Singapore? According to Credit Bureau Singapore, there is evidence indicating that millennials are less financially responsible than other generations. For example, millennials are more likely to be behind on their...

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How Much of Your Income Should You Spend on Housing?

Whether you’re a young professional renting your first flat or experienced homeowner considering a new home purchase, it can be hard to know how much money to spend on housing. In this article, we outline some basic guidelines to help you estimate how much you can afford to pay for your home. General Rule of Thumb: Housing Costs Should Not Be More Than 30% – 40% of Income Experts typically suggest that you should spend no more than 30% to 40% of your gross monthly income on housing. These limits are designed to allow room for expenses for basic...

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4 Worst Parts of Business Trips and How to Make Them Better

While travelling for work may sound cool to recent graduates, frequent business travellers know just how painful business trips can be. In fact, a recent study conducted by Columbia University found that people who travel for work more than 21 days per month are more likely to become obese and depressed than those sho travel less than 6 days per month. To ease the detrimental effects of business travel on people’s physical and mental health, the study states that people need to take “responsibility for the decisions they make around diet, exercise, alcohol consumption, and sleep.” However, from personal...

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This Is How Long You Have to Save for Your Wedding in Singapore

Weddings in Singapore can be a costly affair, easily costing anywhere between S$14,000 to S$54,000, if not more. Not only that, wedding banquet prices alone have already increased by more than 50% between the years 2011 and 2017. If you are planning to exchange wedding vows soon, how long should you have to save in order to afford the banquet you’ve always wanted? How Long Couples Have to Save for Their Wedding According to our calculation, an average couple in Singapore could expect to save for about 1 to 3 years for their wedding if they were to fully...

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Can Energy Efficient Appliances Help You Save Money?

For the last few years, “sustainability” and “environment friendly” have been some of the hottest buzzwords around the world. Still, many people may still feel some wariness towards “going green” due to the fact that it may cost more and could be less convenient than what people are used to. But, what if green lifestyle could actually be more economical than non-green one? If this were true, consumers actually could help reduce the society’s carbon footprint while also saving money for themselves. In fact, our analysis shows that energy efficient appliances actually are cheaper than regular appliances over the...

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5 Life-Saving Benefits That Will Make You See Travel Insurance in a New Light

Travel insurance can seem like a necessary evil, especially when the cost of a vacation for an entire family can cost up into the thousands. However, travel insurance has some lesser known benefits that can turn into life-saving features should you ever run into certain costly but rare emergencies. Whether it’s being covered for a trip cancellation after a terrorist attack at your destination or coverage for your child to have a family member with them while you recover from an accident, below you’ll find some of the most overlooked but life-saving features travel insurance can offer. Coverage for...

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5 Surprising Things Your Integrated Shield Plan Doesn't Cover

With 3 in 4 Singaporeans covered not only by MediShield Life but also by supplemental insurance, it may be hard to imagine that there are still lapses in your medical coverage. However, there are a few major exclusions in your Integrated Shield Plan that may lead to you paying thousands of dollars out of pocket if you are not careful. Below, we discuss the top 5 most surprising things your Integrated Shield Plan (ISP) doesn’t cover. Dental Treatment or Surgery While dental treatment is covered if it is due to an accident, it is highly unlikely that your root...

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3 Ways to Spend Less on What You Need to Spend More on What You Want

An average household in Singapore spends roughly S$4,699 per month, according to the household expenditure survey conducted by the government in 2013. If you dig deeper into the survey, you will find that about families spend only about 41% of this on things that they “want” like shopping, travelling, dining out and recreation. Of course, the top 20% of families spend much more on these “discretionary” spendings (46%), while the bottom 20% of families spend much less (38%). Still, is there any way to spend less on what we “need” so we can afford more of what we want?...

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Could a Coworking Space Save Your Startup Money?

With the rising cost of office spaces in Singapore, it is increasingly costly for businesses to operate in the already expensive city. For example, office rental prices have increased by 12.7% in the Central Business district just in the past year. This puts pressure on startups and other small businesses that are struggling to stay afloat financially. As rental prices have increased, coworking spaces have emerged as an alternative to traditional offices for individuals and startups. But, could one of these spaces really be an affordable alternative for your startup? How Do Coworking Spaces Work and How Much Do...

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3 Investments You Need to Make for Online Dating Success

With Tinder, Coffee Meets Bagel, Paktor, Hinge and plethora of other apps, online dating really has taken hold as one of the biggest ways singles meet their prospective partners. In fact, now over 30% of marriages start online. Whether you are a single person who is just getting started on Tinder or you want to improve your odds in online dating, we’ve rounded up the most important things you need to invest in to maximise your chance of finding someone you like online. Invest in Your Looks and Physical Health First and foremost, it’s imperative that you invest in...

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Paktor Owner M17 Entertainment's IPO Trouble: 3 Questions That Must Be Addressed

M17 Entertainment, the company that owns Paktor and live-streaming service 17 Media, has postponed its IPO that was originally scheduled for 7th of June. The delay came after its IPO pricing of US$8 came in far below the original range of US$10-12 that the company was hoping for. But what concerns could investors have had around the company and its future prospects? We discuss some of the biggest risk factors that investors must answer before purchasing M17 Entertainment’s stock, if it lists at all. How Will 17 Media Grow Its User Base? 17 Media, the leading live-streaming service in...

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