The Soliarity Payment was announced by the Singapore government on 6 April 2020 to support adult Singaporeans with direct cash payouts during this challenging period.
If you haven’t already spent your $600 cash payout issued to Singaporeans, here are 5 useful ways you can spend it without wasting it away.
#1: Build up or replenish your emergency fundsA few months ago, nobody would have imagined the world economy shutting down and everyone being forced to stay home.
Today, with a gloomy employment outlook and bills that don’t stop, saving towards an emergency fund of 6 to 12 months of expenses is no longer a theoretical idea but an important one.
In fact, six months of emergency funds might not be enough if you are at a higher risk of losing your job, especially so for workers working in affected industries where demand has fallen off the cliff.
You can
...