Ck Chai - Seedly
Ck Chai

A nobody that doesn't matter to anyone... A lost soul who doesn't know where she belongs...

Ck Chai

47Upvotes

About

A nobody that doesn't matter to anyone... A lost soul who doesn't know where she belongs...

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Ck Chai

47Upvotes
  • Answers (89)
  • Questions (0)
  • Reviews (4)

Family

Ck Chai
Ck Chai
Level 4. Prodigy
Updated 5d ago
I would think that it will be a nice gesture and it helps to give a good impression to the family. Ang bao with auspicious no. like $88 should be good enough. Or like what Junus suggested, health / wellness hamper or even longevity buns hamper if the grandparent is 70 yrs old and above?

Savings

Family

Lifestyle

Ck Chai
Ck Chai
Level 4. Prodigy
Updated 5d ago
The allowance for my parents is split into few portions: I credit a fixed allowance of $150 per month for offsetting some giro deduction expenses and give cash as & when needed. I pay for the grocery purchases made with the supplementary credit card I pay for the internet + mobile lines + insurance instalments Generally $600 - $800 per month, which is approx 20 - 25%? Depending on individual's income and expenses, someone's 10% maybe equivalent to your 20% or vice versa, so it's really hard to judge, based on a percentage against your salary or an amount, if it's an acceptable amount to give. Also, some parents spend less and some spend more, do they spend more on needs or want? How much is enough? It's hard to define. I feel that most importantly, you need to be comfortable with the amount to give and try cover your parents' basic expenses or at least major expenses? You can do some simple calculation to work out your expenses and maybe talk to your parents to know how much allowance they would like to have, and see if it's within your means/budget. Should you have problem giving the amount they prefer, communicate and I believe they will understand.

Savings

General

Ck Chai
Ck Chai
Level 4. Prodigy
Answered 5d ago
Personally, I would recommend to save up to 6 months of income, this is to take care of usual expenses and unexpected emergency expenses during the down turn time. Especially for those who aren't that investment savvy and able to put your money into better use and work harder for you. But again, everyone's lifestyle and spending habbits maybe different. so each should access individual's situation and adjust accordingly.

Investments

Stashaway

Robo-Advisors

Ck Chai
Ck Chai
Level 4. Prodigy
Answered on 05 Jul 2019
I see that you mentioned you have no savings at this moment. I do agree with Hariz that you should start to work on earning more, as well as start saving for rainy days. Your priority now should be saving for emergency funds rather than investment. Investment always comes with a risk and you never know when emergency arises. When saving, you can go for accounts like CIMB Fastsaver that gives us 1% interest which is generally higher than most other savings accounts.

Loans

Ck Chai
Ck Chai
Level 4. Prodigy
Updated on 07 Jun 2019
Hi, I have similar experience but not exactly same issue as you. I loan my friend's bro money as start up capital and all in all, was cheated $30K. To make it worse, years later, I came to realise that my friend may have a part to play in the whole scam but there is no clear evidence. Felt stupid enough to place so much trust in her and almost all my hard earned money gone. I feel your heartache however, since legal means also can't help, the best way is to start afresh... Dwelling in it only cause yourself countless sleepless nights, which goes on for 2 yrs+ for me. I have since then moved on and treat it as a SUPER EXPENSIVE lesson! Instead of dwelling on what is lost, think of how you can grow your fund with your existing savings. All the best to you and may 2019 be a better year for you. Also, stop buying whatever branded goods from her that she cannot come up with receipt if you cannot even distinguish if those are genuine stuff.

Lifestyle

Ck Chai
Ck Chai
Level 4. Prodigy
Updated on 07 Jun 2019
These 2 pretty sum up my 2018... 😂😂😂 A lot of things have been going on this year, travelling, attending concerts, work, blogging, reviewing own financial health, etc... sometimes I just feel lazing coz mentally too tired & lack of sleep... ! !
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Career

Savings

Investments

Credit Card

Lifestyle

Ck Chai
Ck Chai
Level 4. Prodigy
Updated on 07 Jun 2019
Actually... have not been making resolutions for many years, but Seedly's "5 Days of Christmas", is making me think hard of what I want for 2019. hahaha.... Basically for 2019, I am looking at: - Financial housekeeping, working on cutting unnecessary expenses and insurance. - Attending investment courses to equip myself with knowledge and start on other investing options apart from SSB & STI ETFs. - Getting my own flat. - Work on how I can miximise my CPF savings - Snack less and excercise more! Hope to cut a bit of weight and most importantly to keep myself healthy & fit!

Endowment Policies

Investments

Insurance

Ck Chai
Ck Chai
Level 4. Prodigy
Updated on 07 Jun 2019
If there’s a chance, I would tell the teens me not to buy endowment coz after 23 years near maturity, I just managed to break even. It is not even 1/2 of projected value as last checked, estimated matured value is now $13K+ vs originally projected $20k+. it was my very first policy bought when I'm totally ignorant of the pros and cons. However, endowment may works for those without saving discipline. Best to buy without the riders. Having said that, there are other investment instruments that provide greater flexibility.

General

Ck Chai
Ck Chai
Level 4. Prodigy
Updated on 07 Jun 2019
I would love to talk to my dad’s friend, Uncle Cai Zhemin who used to dote on me... I was sorry to have intentionally avoid visiting him when he showed intention to matchmake me with some nice guy... 😰 However, I never expect that during the interim, he gotten into some severe sickness and passed on... I knew he genuinely cared and loved me as though his own daughter & am still feeling guilty till date... 對不起蔡伯伯... 😔

Loans

Ck Chai
Ck Chai
Level 4. Prodigy
Updated on 07 Jun 2019
Can I share my experience with you? I got cheated by my friend‘s bro by loaning him for capital start up and he run away with the $30K which I have been saving hard for more than 10 yrs! Felt anguish for my stupidity, esp after sometime, I feel that my friend may have played a part in the scam! I do not earn much, $30K is an hefty amount! I dare not even share with anyone and been living in sorrow for years. 😭 Even with police report, it’s useless as he‘s gone. Yes, it sucks to know someone is enjoying life with your hard earned money, but to continue dueling with it only makes yourself more miserable... What’s lost is lost, and life must go on. I just gotta suck thumb & acknowledged that money is gone forever and start from scratch again. It’s not easy, and I feel embarassed to share the miserable amount of savings I have, at this age. But I finally saved enough emergency fund to cover for myself & my old folks, and working towards better financial & retirement planning. Now I’m waiting for karma to fall upon the Scammer. May you move on and be a happier person. 🙏🏻
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Level 4. Prodigy
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