This is a quick update on my plan to save for income published in a blog at the beginning of April.
Back then, I said that I should be able to set aside $10,000 to apply for Singapore Savings Bond this month.
However, I have increased that figure to $22,000.
This is because a 5 months fixed deposit placed with DBS matured and I forgot I had it.
So, with more money at my disposal, I have decided to apply for $22,000 instead of $10,000.
Why $22,000?
If I should be successful in getting a full allotment, together with the $16,000 in Singapore Savings Bonds allotted in March, I would have hit $38,000.
$38,000 is the amount I had planned on setting aside for voluntary contribution to my CPF account in January 2024.
See:
CPF or SSB? No brainer?
I also made a non-competitive bid for the T-bill auction closing on 25 April with $15,000 instead of $5,000....