Falling sick without medical coverage 

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These few days, the flu virus seems to be rampant. I walked past several clinics and they were all crowded. It looks like many people are not well. With the super warm weather and sudden showers, the unpredictable weather has caused many to fall ill. Credit: foodsafetynews.com I was fine on Tues but on Wed, I started feeling slight discomfort when swallowing. By Thurs, I had developed a … [Read more...]

10 Tips for "Adulting" for Graduates of 2017

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Hello graduates of 2017! Congratulations and welcome to real life, where you now have responsibilities and can no longer hide behind the excuse of "but I'm a student!" anymore. There ton's of things you need to do to "adult" properly, like have a proper resume, cleaning up your social media, etc, but I'll just go through the finance aspect of it all. I am a financial blogger after all. Even … [Read more...]

How to Stretch Your Dollar on Groceries with Your Credit Card

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Being a parent of a 1-year-old baby is tough financially and it has made me more eager to stretch every dollar. Here I am going to compare some credit cards to see which will give me the most rewards or rebates. As a family, my main expenses are usually spent on these things: 1) Groceries – Household items, wet wipes, snacks, fresh ingredients to cook at home. 2) Online shopping for groceries – … [Read more...]

Get your wisdom tooth extracted at govt hospitals

I previously complained about my wisdom teeth. Some people are lucky - they either dont have wisdom tooth, or their wisdom tooth grew well vertically. Since young, I don't have much luck with my teeth. I had braces done for very vain reason because my front tooth was protruding outwards. Other than that, the rest of my teeth are generally fine. I recalled paying $3500 back in 2005-2007. Oh … [Read more...]

A Trip, a Fall, and a $115 Bill

My daughter is pretty enthu' about badminton. So in pursuit of her interest, she had joined her school badminton team. The twice a week night training span 3 hours each time. A typical session will see them doing all kinds of dexterity and stamina exercises before proceeding to skills training and practices. I think it's good for her. On one such occasion recently, they were jumping over … [Read more...]

Do All The Little Things Add Up? (2017)

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As per usual, I made my annual pilgrimage down to the Singapore Mint to change my coins into something more useful. looks exactly the same as the last time I went As I've explained before, one of the best life hacks that I've adopted that really has simplified my life is not caring about coins at all. I keep a coin box at my work desk, and another on my desk at home. Once I return from the … [Read more...]

When will I have as much passive income as you?

As my blog's readership grows, a question that gets asked more and more often is: "When will I have as much passive income as you?" Of course, one of the things I would say is that we have different circumstances and that financial freedom is not a race.  All of us who reach our goals are winners. Some might take longer than others but they are still winners at the end. Distilled to a word, … [Read more...]

The Tale Of Three Old Men In The Same Office Space (True Story) – 2

Read? The Tale Of Three Old Men In The Same Office Space (True Story) After reading this ---> Exclude this, exclude that... Lets return to the HDB heartlands. Even without a 2nd investment/rental property, those who treat the humble HDB flat as an investment would play the 2 bites of the cherry, upgrade, downgrade game. Look around your relatives, neighbours, colleagues and … [Read more...]

Random thoughts: Understanding myself better @ work

I am back at work for 2 weeks. Beside the first 2 days, the usual hectic and crazy schedule is back. 4-5 to do things, bosses calling you in the last minute, staff looking to you to problem-solve, when I myself has plenty to troubleshoot I am however, coping much better. Of course the long break help. But I have been down with flu, but my motivation has not been affected, I think I have … [Read more...]

How much will your lifestyle cost when you turn 65?

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Have you ever wondered about how much your lifestyle will cost when you turn 65?? How much do you think you'll need every month to get by? $800? $1000? $1500?  The folks at The Fifth Person ran a calculation on estimated living costs 30 years from now, and I thought it'll make for a fun exercise to tweak it to something closer to us 90s kids. Let's work out the numbers. To keep our calculations … [Read more...]

JD Aftermath #6 : LLBs

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Interactions with LLBs are the fundamental difference between SMU and NUS's approach towards legal education for mid-career professionals. SMU prefers that mid-career professionals interact with themselves first with limited exposure to LLBs to come later. NUS would thrown their JD-equivalent to swim with the sharks from day one. JDs will generally begin to have encounters with LLBs when they … [Read more...]

A Singapore Millennial’s Take On Avocado Toast

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Poor Tim Gurner. He’s the Australian millionaire who recently got destroyed online for claiming that millennials would be able to afford their own homes if they just stopped spending money on “smashed avocados and $4 coffee.” Millennials around the world were up in arms, firing back with some (hilarious) sarcastic replies: I was gonna put a down payment on a house last year but then I … [Read more...]

The Myth Of Lower Expenses In Our Retirement???

There are some saving on job related expenses; entertainment and gifts expenses related to office colleagues; but these saving may NOT be significant to lower the annual household expenses. If we really want to lower household expenses; STOP travelling. We will see significant drop in annual household expenses. Think of early retirement and travel more and can still lower annual household … [Read more...]

Top 3 International Schools In Singapore & How Much They Cost

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One of the many things that keep parents up at night is the education of their children. Parents who are relocating to a foreign country may find the search for a good school to be a daunting affair. Fortunately, the dilemma in Singapore is a good one to have, as there are many international schools that offer the academic syllabi of various countries as well as differing education … [Read more...]

If you have too much Insecurities and Personal Problems, Money is Often used to Fill these Holes

Eating has always been something that is less of a concern for me. There the the people that live to eat. And then there are the people that eat to live. I belong to the latter group. This means that I do not have an acquired taste or that I am picky with food. As long as there are adequate quantity and the food is not prepared in a very poor manner (I have high tolerance for poorly cooked … [Read more...]

Net Savings rate for Singaporeans with CPF

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Well, as you know, many online articles (especially US, at least from my experience) advocate saving at least 20% of your income.And as we all know, whether we like it or not, 20% of our salary is usually saved automatically into an account we call CPF.But that's not the full story.Fortunately for us, similar to the 401k, there's sorta a matching contribution, just that instead of 1:1, we get … [Read more...]

Penny pinching season

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Officially, other than the monthly $1k ETF through POSB invest saver which pays me "brokerage" when i buy, there is nothing i dare buy from the local stock market at this point in time. The old adage:'Buy when there is blood on the streets' came true again and i hope you took opportunity of that short period of time from late 2015 to early 2016. What will i be doing since STI has surged - Dec … [Read more...]

Paying $1 a Day to Reap Half a Million

My son has started his National Service (NS). As he charts his journey serving that nation, progressing from boyz-to-man, it's perhaps also timely to set him on the journey to manage his personal finances. As a national serviceman, he is entitled to sign up for the MHA/MINDEF group insurance scheme with Aviva. It is really a steal. $500,000 term insurance coverage (inclusive disability benefits) … [Read more...]

Work, Travel Insurance, CPF, business account, HDB.. what else?…

just got back from a long work trip, finally taking some personal down time to just sit back relax, kiao kar and zhuo bo time. But i wasnt being idle, took this chance to sort out personal and family administration. work : O&G exploration activities are picking up, albeit sporadic, mostly in the Middle East region. oil prices still hovering +/- $50 for the longest time ever, which is … [Read more...]

Prudent retirement funding strategy for elderly parents.

Reader: Hi AK, apologies for the multiple questions from me. 🙂 I am looking to help my parents with their retirement planning and hope you could shed some light. For convenience of calculation and discussion, assuming the following hypothetical figures, can you share how you would do the planning? Parent A - 500k cash parent b - 300k cash, Zero CPF for both, No existing loans at … [Read more...]