Personal Finance

Personal finance can be daunting. We can take small steps to start taking control of your personal finances and work towards achieving your goals.

Monthly financials 0722

Monthly Financials – July 2022

Here are my monthly financials for July 2022. Top 3 Income Sources Interest – S$317.26 This is made up of the coupon payments from Singapore Savings Bond and interest from Singlife and Dash PET. Singlife and Dash PET have not increased their rates even though the interest rates have been rising. The contribution of Singlife …

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cheapest funeral in Singapore body donation

Cheapest Funeral In Singapore – Body Donation

I have always wanted to write something about the cheapest way to handle our death in Singapore. I thought that sea burial and inland ash scattering were two of the cheapest methods of handling ashes after cremation. However, I came across the option of body donation to medical schools, a free “funeral” option for individuals. …

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best ways to spend lifesg credits

Best Ways To Spend Your LifeSG Credits (Updated With Cash Option)

NS turns 55 in 2022 and they are giving out NS55 Recognition Packages to NSFs and NSmen that give us S$100 in LifeSG credits and 1 year of free SAFRA or HomeTeamNS membership. The credits are given to reward NS men for their contribution to the country. Of course, cash is best but credits are …

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let me help you understand lying flat

Let Me Help You Understand Lying Flat

I am writing this because I saw a blogger sharing his thoughts on “Lying Flat”. I understand that this blogger came from a relatively poor background and through hard work, a frugal lifestyle and luck, I would say he is comfortably financially independent. After all, he managed to get from rag to riches by working …

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rising rates think twice before buying an endowment plan

Rising Rates – Think Twice Before Buying An Endowment Plan

I am seeing multiple insurance companies releasing endowment plans recently. Interest rates are rising dramatically and it is predicted that the rates will rise by another 0.5 – 0.75% next month during the FOMC meeting. This will be a short one. I just want to do a public service announcement to ask you to reconsider …

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hdb bank loans era low interest rates over

HDB Bank Loans – Era Of Low Interest Rates Is Over

The era of low-interest rates is over (at least in the near future). We have enjoyed low-interest rates for over a decade, but to control inflation, the US Federal Reserve is increasing interest rates. If you were risk-averse and went with an HDB loan, you will not be affected. But if you were attracted by …

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why do we spend more when we travel

Why Do We Spend More When We Travel?

Travelling has become an annual must-have experience for many people. After working hard across the year, we want to enjoy ourselves when we finally take a holiday. Many of us have been stuck within our borders for more than two years. As more borders are opening, we are seeing a surge in demand for people …

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time to revisit ssb investments

It Might Be Time To Revisit Your SSB Investments

Have you placed money in Singapore Savings Bond (SSB) in the past 2 years or so? It might be time to revisit your investments. On the 4th of May, Jerome Powell, the US Federal Reserve Chairman, announced that there is a 0.5% increase in interest rates to 0.75 – 1%. This is the largest increase …

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