Dipping my toes into a new platform - lauded as the next fintech innovation by the government of Singapore. Is it as good as it claims? So far so good. But the platform still needs to grow for it to be useful.
Category: Personal Finance
How CPF Interest Is Calculated
Do you look forward to seeing your CPF interest at the beginning of the year? Have you wondered how the interest is calculated? The answer is it is more complicated than you think and the timing of your transaction matters.
My Take On Money Making Schemes
Are investment gurus the real deal? Here are some questions to ask yourself before you sign up for these courses.
Why You Should Pay For Your HDB With CPF
One article showed up in my feed one fine afternoon: Why you should not pay for your HDB with CPF Naturally, I clicked because I am a believer in paying for your HDB with CPF. Maybe I might get converted to the pay-with-cash camp. The Summary of The Article "Why you should not pay for… Continue reading Why You Should Pay For Your HDB With CPF
Feeling Poor After Purchasing A Home
The property market in Singapore is one of the hottest in Asia. Even COVID-19 could not dampen the property prices here. Housing sales rebounded sharply in June after circuit breaker (Singapore's version of a lockdown) was partially lifted. I always find it amazing that people here in Singapore buy property like hotcakes. Most private homes cost… Continue reading Feeling Poor After Purchasing A Home
Free Resource – Housing Loan & CPF Calculator
Free housing loan and cpf calculator. Click the link and make a free copy. Use this to calculate your monthly payments, your interests paid, your interest gain in CPF and how prepayment affects your monthly payments and interest.
To Pay Or Not To Pay? Should You Prepay Your Housing Loan?
If you have enough money, should you prepay your housing loan? Or you should keep the money in your CPF OA to earn interest? Or should you invest the additional money instead? In this article, I explore the two costs of the housing loan: interest costs and opportunity cost of not investing the extra money.
Drawing Personal Finance Lessons From The Responses To The Coronavirus Pandemic
What each country's success (or failures) can teach us about personal finance.
Singapore High Yield Savings Accounts After May 1 2020 – Part 1
Due to recent central banks intervention in lowering the interest rates, a slew of Singapore banks have started revising the interest rates offered by their high yield savings account. Using a spreadsheet that I had created, I want to simplify the comparison process and help you choose the best account for your situation.
What Is Your Recession Plan?
What is your recession plan? How do you prepare for one? The best way to prepare for one is to improve your personal financial situation and have a plan of action during recession