Having the option to have the financial independence to retire early is true freedom. You will not be forced to do things you don’t want or like just because you need the salary and benefits from the job.
Here are my monthly financials for August 2022. Top 3 Income Sources Government Grants – S$700 This is from the GST payout. I finally got my first GST payout despite not working since 2020. Interest – S$183.05 This is made up of the coupon payments from Singapore Savings Bond and interest from Singlife and Dash …
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 …
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. …
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 …
Best Ways To Spend Your LifeSG Credits (Updated With Cash Option) Read More »
Here are my monthly financials for June 2022. It is good to keep track and review your monthly financials so you can be in control of your finances. Having a fixed income and knowing my expenses will not exceed my budget allowed me to not track my expenses before I left my job. I did …
I am seeing multiple insurance companies releasing short-term 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 …
Rising Rates – Think Twice Before Buying An Endowment Plan Read More »
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 …
HDB Bank Loans – Era Of Low Interest Rates Is Over Read More »
Here are my monthly financials for May 2022. It is good to keep track and review your monthly financials so you can be in control of your finances. Having a fixed income and knowing my expenses will not exceed my budget allowed me to not track my expenses before I left my job. I did …
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 …
It Might Be Time To Revisit Your SSB Investments Read More »
Here are my monthly financials for April 2022. It is good to keep track and review your monthly financials so you can be in control of your finances. Having a fixed income and knowing my expenses will not exceed my budget allowed me to not track my expenses before I left my job. I did …
