Charmaine Ng - Seedly
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Charmaine Ng

Ex-lover of Starbucks & cafes; having an affair still with BBT though...(soon-to-be-ex).

Charmaine Ng

The Value Maximizer at @ Every Ma La Xiang Guo Stall

About

Ex-lover of Starbucks & cafes; having an affair still with BBT though...(soon-to-be-ex).

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The Value Maximizer at @ Every Ma La Xiang Guo Stall

Charmaine Ng

The Value Maximizer at @ Every Ma La Xiang Guo Stall

  • Answers (123)
  • Questions (8)
  • Reviews (15)

Insurance

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Retirement

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Lifestyle

Am I spending too much on insurance? I am currently 24 years old with an income of 2,200 (inc CPF), I am not sure if the policies I own are 'too much'? I am easily persuaded by my agents?
Looking at these numbers I actually find it a little excessive. Some essentials from what you have that I think you can keep: Prupersonal accident, PruShield Premier & Pru Extra. Hospitalization + Personal Accident plan is quite essential IMHO. Then for PruLady Plan C, usually Lady's plans are more expensive. Should compare and review if you actually need it right now. Need to review your family medical history and whether you are the sole breadwinner at home. I do find PruTriple Protect good in the sense that it allows 3 times of claim but whether it is essential and necessary at this stage is another matter. Speak to a qualified FA, and by speaking to them you don't have to take out another new plan with them. Preferably someone you can trust - any friends or family members perhaps? And endowment plan at age 24 - I think it's too early. Unless your pay is higher and have some spare cash else I'd rather you build on emergency funds.
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SeedlyTV S2E03

I am 23 years old with an O-level certificate. What type of job can I get in Singapore with just an O-level cert?
With an O levels cert you can be a CSO (customer service officer), receptionist, security guards, administrative staffs, logistics/warehouse staffing personnels, delivery personnels (not just grabfood etc. but permanent roles with companies like DHL/UPS etc.) You can also be involved in F&B, sales person in different industries etc. Most importantly, what do you like/dislike to do and work on it from there. Doing what you like is more important in my opinion and example if you like IT you could always take a course thereafter and in certain industries, these external courses actually works better than with a degree. All the best!
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Lifestyle

Family

What apps or tools are you using this Circuit Breaker to help you keep sane? Share with us why do you like them?
Is it supposed to be app only? Because I am going insane with all the dishwashing and increasing delivery prices (menu price increase + deliveroo plan only deliver free if you meet $18 ordering quota which is ridiculous) that I bought myself a airfryer on sales (also because my toaster broke down but still.. If just app, I am using peak, coursera more to catch up on learnings I always wanted to do but never did. Right now I'm doing a psychology first aid course on coursera which is free and I urge anyone who is interested to join! Very useful in this covid-19 situation.
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Investments

Stocks Discussion

Education

Worst financial/investment advice you ever got?
Worst advice from friends: “Everyone is getting it, don’t be the odd one out.” “You’re too paranoid!” —when I withdrew all investments back in Feb prior to the dip dip dip... “You should invest high % of your income when you’re younger. No point keeping all that cash.” — true to certain extent only. When you’ve been through worst you know cash is king. And you don’t play with fire till you know your limits. Worst advice heard from FA: “I have a very strong record of making >7% gains YOY you can trust me because I AM GOOD” (FYI, never trust anyone just because they say they are good. Only trust after you CSI the shit out of them and do your due diligence) “The market is booming and will continue to grow for next 5 years.” — ironically that was in mid Jan when Covid news first came out for China and I started getting wary but the FA who approached me was very confident and I asked for his take on the market. Guy wasn’t very updated on international news. “Everyone is buying so we should buy now because if you start late you might make a loss” —- never let anyone pressuring you or led you into thinking NOW is the best time to buy. Your money - you make the choice. You use your brain.
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Salary

Career

Education

I have a diploma and I'm working in a good company. I have secured a place in NUS. My boss thinks I am performing very well, and is offering me a raise to stay. Should I give up my place in Uni?
No. Do not give up your place at the Uni for a job. The university cert and learning will be with you when you move to another job. If there’s anything I’ve learnt, it’s that job prospects is something that is a variable. People change quickly and even if you remain fast friends forever, your HR, boss’s boss they’re another factor. Continue your studies and if you really like the company, ask if they have a job after you graduate.
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SG Budget Babe

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Loans

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CPF

Retirement

Robo-Advisors

Was there a time in your life where you lost money? How much did you lose and why?
Quite a few times. Most notably was my family member using my university fees and giving it out as a loan to a “friend” for MLM business and who never returned it back. That was $25K and taught me never ever to let others manage my savings again (not that i’m good at it but still). The second was because I couldn’t go full time uni without working I signed up with UOL and paid for the year (damn expensive $10K) then realise I was wasting time because Uni lecturer were repeating word for word from the textbook. Got fed up, quitted earlier to stop wasting money and worked for couple of years before getting my degree from somewhere else that actually taught something.
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Career

General

Is being unhappy a valid reason to quit one's job?
It definitely is. The health being of a person depends on both physical and mental wellness and studies have shown that being unhappy at work can cause both mental and physical illnesses. The question is whether the unpleasantness can be reduced vs remove; because going to a new place does not guarantee you a happier experience. Your financial well being and economy at the point of time can also be a make or break point for this decision.
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Savings

Savings Accounts

Singlife Account

Hi everyone, any comments on Singlife's new financial product: Singlife Account, what is it and is it better than other bank's savings accounts?
Hi Ellz, From what I saw, they offer a better % rate for saving insurance (with limit of course) and the sign up seems to be a breeze. They also offer insurance coverage in the case of death (up to 105% of account value) & retrenchment benefit (limited offer) up to $10,000 over 3 months based on your card usage. They also comes with a complimentary Singlife card, which would be 0% FX fees and zero annual fees. It might work if the FX conversion rates is better than Youtrip/Transferwise. The one thing that concerns me is that though they are regulated by MAS, their reputation are lesser-known vs the prominent players. So.. yeah. If you don't use DBS multipliers because they are too complicated and all or if you just need to park some funds in a saving account somewhere with some form of insurance, this would be a good one to consider.
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Giveaways

COVID-19

Family

Lifestyle

[COOK-OFF GIVEAWAY] Upload a photo of a meal you've cooked, tell us how much it costs to prepare, why you decided to cook that dish(es) and share one useful cooking tip! Prize and full details below!?
Cooked Tze char dishes over the weekend because we missed our tze char fares tooooo much! - crabmeat omelette (cost: $6) - fried rice with sausage and mixed vegs (cost: $3) - prawn paste chicken (cost: $7) - salad youtiao ($6) - dessert: whole choc cake! ($3) Total: $25 or $5/pax Basically i only use my oven for all items above; except fried rice in rice cooker so cleaning up is a breeze (save water too yea from mopping) I got crabmeat (real frozen canned crab meat), prawn paste chicken and salad youtiao from this very good supplier called Porsch Fine Food on FB who sell good value products and best of all deliver next day damn fast lol. Then all i need to do is plate my items in the oven tray with a separator.. 250c 50mins.. .. at 20mins point start cooking fried rice in the ricecooker... ...at 35mins point take out salad youtiao and at 50min point take out prawn paste chicken... Viola! Everything done within an hour! (Choc cake very simple just assemble within 10mins and pop into oven for 25mins while everyone’s is eating dinner) I like to reduce food waste so i like to get frozen food including fish, prawns, sakura chicken etc from good and cheap source. Usually we cook simple fare like bee hoon soup but this is really more decadent coz we miss tze char too much! (sorry not all pictures available because we ate it all LOL) ! ! ! !
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Payments

Family

Credit Cards

Do you have suggestions on how I can get help with my debt situation? I'm helping my brother out and as a result, face debit issues now. What should I do?
Charmaine Ng
Charmaine Ng
Level 6. Master
Answered on 10 Mar 2020
Hi there. May I know what kind of loans or credit issue is that? From banks or money lenders?
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Level 6. Master
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