The Challenge with Personal Finance Today
By Singapore's Budget Babe  •  January 27, 2023
Managing one’s personal finances today looks very different from what it used to be for our parents’ generation. No wonder more people are falling behind and are unable to get a proper grasp on their finances, much less control and plan for it. By learning from Europe, a possible solution lies on the horizon, but it’ll take regulatory mandate, consumer behaviour and businesses to all come onboard for it to change. Can Open Finance be our answer? For almost a century, the norm was a single source of income and a single bank account; today, many of us have at least one side hustle and our money parked across different banks and instruments to get the most out of it. In the past, all payments were made manually so there was control and visibility; today, automated payments mean that we often don’t realize that we might still be paying for...
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By Singapore's Budget Babe
Budget Babe is an ordinary lady striving to achieve financial freedom in Singapore before the age of 45. She is always looking for cost-effective ways to live a fulfilling life in amidst Singapore's rising costs, and writes in order to empower fellow Singaporeans on taking charge of their own lives and finances. The final goal is to eventually break free from the competitive rat race. Will I meet you there? ...

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