“You must ALWAYS ensure you have more than one bank account in Singapore!” This is my principle and also advice to every Malaysian who comes to Singapore for work. I had my rationale back then, and the longer I’ve stayed here, the more reasons to have more than 1 bank account have surfaced. I think … Read more
The Financial Independence and Retire Early or FIRE movement started in 1992 when authors Vicki Robins and Joe Dominguez wrote the book Your Money or Your Life. The movement became very popular amongst Millennials who wanted a quick exit from the rat race. This article goes through a few common variants of the FIRE movement so … Read more
What is fixed deposit? Fixed Deposits aka Time Deposits are interest generating bank accounts with a pre-determined maturity. They let you grow your money at a fixed rate over a period of time (referred to as ‘tenure’ or ‘tenor’). Fixed deposits interest rates tend to follow the current market’s interest rate. Hence, although they have … Read more
(this guide was first published in 2018. latest update was done on 3 May 2024) We hope this would become the most comprehensive guide to Singapore Savings Bonds (SSB) you can ever find on the web. You’ll find reviews, latest SSB interest rate, investment strategies and step-by-step walkthrough on how to buy SSBs. We hope … Read more
It is Tax Filing Season in Singapore once again. From 1 March 2024 to 15th April 2024 (or 18th April 2024 if you’re e-filing), individuals are required to file their income tax so that the taxman determines what share of your 2023 earnings it is entitled to. For many it is a simple enough process, … Read more