Ck Chai - Seedly
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Ck Chai

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

Ck Chai

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

  • Answers (92)
  • Questions (1)
  • Reviews (4)

MileLion

Investments

CPF

Savings

Lifestyle

Stocks Discussion

SG Budget Babe

Career

General

What are your 2020 New Year Resolutions for your personal finance and investing matters?
Ck Chai
Ck Chai
Level 6. Master
Answered on 02 Jan 2020
1. Seek advise from the experts around on how to plan and manage personal finance better 2. Cutting unnecessary expenses and insurance. 3. Cancel off credit cards that hardly use 4. To expand on REIT portfolio for diversification 5. To start RSP investment 6. Review current service providers of services used and look for cheaper & better alternatives. 7. Aim to save min 30% of my salary, with current household expense getting higher as both parents retired
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Giveaways

SG Budget Babe

MileLion

Stocks Discussion

Lifestyle

In the News

(GIVEAWAY) Tell us a funny finance joke in 5 words or less! Be as creative and funny as possible! The Top 10 Winners selected by our moderators will win a pair of tickets to watch Star Wars: The Rise of Skywalker!?
Ck Chai
Ck Chai
Level 6. Master
Answered on 18 Dec 2019
Watching Star Wars Movie for FREE!?!!
👍 0

Investments

Career

CPF

Savings

What should my friend do now that she has to provide her payslips after lying about her current salary at a job interview?
Ck Chai
Ck Chai
Level 6. Master
Answered on 17 Sep 2019
Though lying is not encouraged, most people will treat her case as rounding up only, which is rather common, esp since the gap isn’t that big a difference. I’m sure she’ll be fine and good luck with her new job!
👍 0

Family

Should I pack angbao for SO’s grandparent birthday?
Ck Chai
Ck Chai
Level 6. Master
Updated on 15 Aug 2019
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?
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Savings

Family

Lifestyle

How much do you give your parents on allowance?
Ck Chai
Ck Chai
Level 6. Master
Updated on 15 Aug 2019
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.
👍 2

Savings

General

How much should emergency funds be?
Ck Chai
Ck Chai
Level 6. Master
Answered on 15 Aug 2019
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.
👍 0

Investments

Robo-Advisors

StashAway

Should I be doing a lump sum investment or small monthly amounts with Stashaway?
Ck Chai
Ck Chai
Level 6. Master
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.
👍 1

Loans

Help! I lent ex-colleague lots money to settle her utility/spouse drinking/gambling/Ah Long debts fr 1992. She slowly repay $100/mth but in btw nv repay for 1.5 yr! At times she sold me her shoes, ?
Ck Chai
Ck Chai
Level 6. Master
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.
👍 0

Lifestyle

Upload a photo or meme that describes your 2018?
Ck Chai
Ck Chai
Level 6. Master
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... ! !
Answer image preview
👍 2

Career

Savings

Investments

Lifestyle

Credit Cards

What are your personal finance resolutions for 2019?
Ck Chai
Ck Chai
Level 6. Master
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!
👍 2
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Level 6. Master
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