[Plus Hour Campaign] Quiz 2: What are some of the things you can do to increase your savings?

1. C
2. A
3. C
4. B
5. Reduce unecessary spending, invest within your personal means, having a high yield saving's account (e.g. OCBC 360, DBS multiplier account), use credit cards which suits your spending (in order to earn the most ideal cashback rates or miles points) and insure yourself (medical, critical illness and life insurance).

1. A
2. B
3. C
4. D

1. C
2. A
3. C
4. B
5. there are many ways I do to increase my savings. Once my pay comes in, I set aside a percentage of salary in a high yield savings account (to build my emergency funds).

Investing:

I like to set aside some funds to safe vehicles like S&P 500, Singapore saving bonds and T-bills. Placing my money here, I know I can sleeep well for the night 😛

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when I have extra cash on hand, I would then invest in stocks which I'm comfortable to lose

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Daily:

needs vs wants. For big ticket item, I would usually give myself time to consider If it's worth the price. time is great to avoid implusive purchase.

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I use credit cards for everything! I basically don't bring cash around ooops because it gives me cash back, miles and I can save further for further purchase. Maximize every penny 😛

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telegram app & Facebook pages - basically internet is my best friend to search for discount codes or voucher for any purchases. little amounts builds up in no time.

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i would eat home most of the time, make my coffeee and make my own cheese friends. such effort could save us some $ over time.

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Insurance

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lastly, I buy insurance to safeguard myself. Health is wealth really. Nobody knows what will happen (touchwood) and I would like to think insurance helps to safeguard me finally and save me $$ in times where I need any medical assistance.

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If you read till this point, thank you for reading! 🌪🌈

1. C
2. A
3. C
4. B
5. lower my spending, invest in ETFS/REITS for dividends, earn extra cash with side hustles