Amanda - Seedly
Seedly logo
Seedly logo
Ā 
Amanda

Amanda's profile is not filled up yet.

Amanda

About

Amanda's profile is not filled up yet.

Credentials

Amanda's credentials are not filled up yet.

Amanda

  • Answers (62)
  • Questions (1)
  • Reviews (3)

Standard Chartered JumpStart Account

OCBC 360 Account

Savings

Savings Accounts

COVID-19

Fresh Graduates

Interest Rates

Singlife Account

Seeing that Standard Chartered Jumpstart and OCBC 360 interest rates p.a. have been cut effective from July 1, where should I jump to for my savings?
Amanda
Amanda
Level 5. Genius
Answered 23h ago
If you are earning a salary, I would suggest you to credit your salary to DBS and open a DBS multiplier account. Do note that you need salary credit + one other category. You can fufil by signing up a credit card and spend with it. Personally I enjoy using DBS as DBS has relatively good customer service. Also there are quite a number of attractive credit cards that DBS offers.
šŸ‘ 0

COVID-19

General

Lifestyle

Career

Education

Circuit Breaker will officially end on 1 June and we enter into three phases of reopening. What are your thoughts on the new initiatives? And is it of any disruption to you?
Amanda
Amanda
Level 5. Genius
Answered 3d ago
I would definetly hope to dine out soon and meet my friends haha. But I understand we would have to monitor things first, before resuming things back to normal. A lot have chanaged since COVID-19, especially for the industry I work in. So I hope that things get better soon and businesses can resume
šŸ‘ 0

COVID-19

Career

Education

Fresh Graduates

I am a fresh grad, but similar to most of my friends, I am unable to secure a job in this COVID situation. What can I do? Should I take up an internship or are there better ways?
Amanda
Amanda
Level 5. Genius
Answered 3d ago
I would suggest you to not just limit yourself to full-time perm jobs. If an opportunity such as interships and contract jobs arrive go ahead! What's most important as a fresh grad is to get as much experience as possible and learn as much as you can. In the meantime, do look for courses online to constantly upgrade yourself. If you are unable to look for a job related to your industry and you need money urgently, you might want to consider working part-time while upgrading yourself and searching for a job. All the best!
šŸ‘ 0

Lifestyle

Payments

Credit Cards

COVID-19

What financial product or tool do you find the most important to you during this COVID-19 period?
Amanda
Amanda
Level 5. Genius
Updated 3d ago
Like many others, one of the most useful tool for me is health insurance! Even though I am relatively young, I have been hospitalised twice due to a bacterial infection and food poisioning. It would have been a burden for my parents back then if I didnt have health insurance as they were going through a tough period of time. So I was very glad that they actually purchased health insurance for me ever since I was born. Especially during this period of time, getting hospitalised will not be cheap. So having health insurannce is very impt!
šŸ‘ 0

FIRE Movement

Savings

Investments

Lifestyle

What has been the number 1 challenge in your personal finance journey?
Amanda
Amanda
Level 5. Genius
Updated 3d ago
Spending tooo much on food at times HAHA. I used to work near my place (5 minutes walk) so I tend to save a lot for lunch as I return home for lunch. So I am usually able to splurg for my dinner without bursting my budget. But after I started working in my new job, I have to spend more money for lunch and am unable to continue the same sort of lifestyle I have as before, because I did not want to increase my monthly expenses.
šŸ‘ 1

SeedlyTV S2E02

COVID-19

Investments

Stocks Discussion

I've heard so many saying now is the perfect time to invest because of the idea of 'buy low, sell high'. I've never invested before but now seems like the perfect time. Any advice?
Amanda
Amanda
Level 5. Genius
Answered 3d ago
Hi Anon, no doubt prices during this period of time looks attractive. But I suggest you not to invest if you have yet to do sufficient research. You do not want to be following what others are buying. Instead, I would suggest you to use this period of time to read up more about investment, attend some webinars and try and gain as much knowledge as possible before you start your investment journey. All the best! :)
šŸ‘ 0

Savings

COVID-19

Savings Accounts

After the COVID situation, should we relook at our emergency funds to see if 6 months of funds are really enough? Or should we extend our emergency funds to say, one year?
Amanda
Amanda
Level 5. Genius
Answered 3d ago
Personally I feel that 6 months of income would be the safest! But it depends on individuals. If you are holding a stable I think 6 months of expenses is okay. However, if you are self-employed, commission-based and have dependents you might want to increase your emergency funds to abut 9 months of your income. Also, it depends your personal income as well. E.g. for an individual earning 20k, 6 months of income may be enough for them. But for individuals having dependents and earning 3k/month, 6 months of income may not be sufficient.
šŸ‘ 4

SeedlyTV S2E02

Investments

Lifestyle

Career

What got you interested in investing and at what age did you start putting in more time and effort into it?
Amanda
Amanda
Level 5. Genius
Answered 3d ago
I started being interested investment for one reason: to grow my money. Coming from a not so well to do family, I know that I have to work extra hard to get out of the poverty cycle. Regarding your qn on whether or not you should go full time investing, I would suggest to build your career first. For investments, you will need an sizeable capital to get a significant sum of gain. Unless you are thinking of doing full-time trading, which you will need to understand a lot on technical analysis and etc. :)
šŸ‘ 3

Investments

Stocks Discussion

Robo-Advisors

Online Brokerages

ETF

Lifestyle

When did you start investing and why?
Amanda
Amanda
Level 5. Genius
Answered 3d ago
I started trading when I was about 18. Had always wanted to learn how to invest and I saw an ad on social media about Plus500 and I started trading options without knowing exactly what I was even doing. Made and lost money there. Eventually I decided to stop whatever I was doing and research more about it first before I continue. After doing quite a bit of research, I bought my first stock when I was about 20 years old.
šŸ‘ 0

SeedlyTV S2E07

Savings

Career

Education

Savings Accounts

Family

Lifestyle

I am working full time as a part time psych student, graduating soon. I have 2 years of work bond left. Should I pay off my bond and study full time or serve the bond but waste my time away?
Amanda
Amanda
Level 5. Genius
Answered 4d ago
Personally as a part time student myself, I would continue to perservere on. No doubt studying part time is tough but remneber you are gaining both industrial experience and a degree. I believe most part time programmes have honours as well! Perhaps, if you really find in tough to cope, you might want to take more leave (Annual/ unpaid) to study during your exam period! After you graduate from university you can definetly still apply for masters programme if you did well! I have seniors from my course that managed to apply for NUS masters programmes after they grad. So it's possible! All the best! You are doing a great job by studying and working at the same time and I know that it's not easy!
šŸ‘ 0
Load more questions
Level 5. Genius
232PointsGoal 250
18 POINTS TO LEVEL UP
Browse Rewards