Eng You Guan - Seedly
Eng You Guan

Eng You Guan's profile is not filled up yet.

Eng You Guan

19Upvotes

About

Eng You Guan's profile is not filled up yet.

Credentials

Eng You Guan's credentials are not filled up yet.

Eng You Guan

19Upvotes
  • Answers (10)
  • Questions (0)
  • Reviews (1)

CPF

Loans

Investments

Eng You Guan
Eng You Guan
Level 3. Wonderkid
Updated on 07 Jun 2019
1.65% is per month not per annum. Per annum is around 20% https://www.dbs.com.sg/personal/loans/personal-loans/cashline-overview

Savings

General

Eng You Guan
Eng You Guan
Level 3. Wonderkid
Updated on 07 Jun 2019
Put in CPF. Make cash from cash.

YouTrip

Eng You Guan
Eng You Guan
Level 3. Wonderkid
Updated on 07 Jun 2019
So I'll just use USD as an example. As at 22/08/2018, xe.com: 1 SGD to 0.731695 USD YouTrip app: 1 SGD to 0.7299 USD http://www.raffles1.net/currency.php: 1 SGD to 0.7278 USD Of course rates might change but it's always good to have an alternative and this alternative is very straight-forward to use and can be done in the comfort of your home/office. The top up can be done via debit/credit card and exchange rates are displayed on the app. You also get to set a 4 digit pin on the app. I know some countries follow a Chip-and-Pin system so no worries on that. It also have contactless payment mode. But it cannot be used as mobile pay such as Google Pay. Hope this helps. !
Answer image preview

STI ETF

Investments

Eng You Guan
Eng You Guan
Level 3. Wonderkid
Answered on 16 Oct 2018
STI ETF doesn't give monthly returns leh.. you can try this SSB Jun/Dec issue (interest given on Jun and Dec) SSB May/Nov issue (May and Nov) SSB Apr/Oct issue (April and Oct) SSB Mar/Sept issue (Mar and Sept) ES3 STI ETF (Feb and Aug) via Maybank Monthly Investment Plan G3B STI ETF (Jan and July) via POSB Invest-Saver Note: STI ETF do not gurantee dividends every year and date of dividend is subject to changes.

Fresh Graduates

Ultimate Hacks: Adulting

Savings

Eng You Guan
Eng You Guan
Level 3. Wonderkid
Answered on 20 Sep 2018
Read "Your Money or Your Life" by Vicki Robin

Ultimate Hacks: Adulting

Fresh Graduates

Credit Card

Eng You Guan
Eng You Guan
Level 3. Wonderkid
Answered on 20 Sep 2018
1) if credit card bill is created on the 3rd of each month, and if today is the 2nd of October, you can consider delaying your purchase until the 4th, so that that purchase will appear on the 3rd November statement instead. 2) Can consider making just the minimum payment required before the due date mentioned in the statement, then paying the remaining amount before the next statement comes out. These will stretch out the time required to make payment to your credit card, allowing for that cash amount to grow more interest in your bank account.

Fresh Graduates

Ultimate Hacks: Adulting

Investments

Eng You Guan
Eng You Guan
Level 3. Wonderkid
Answered on 20 Sep 2018
Use a demo trading account for practising your trades and observe your emotional reactions when stocks fall. From there, decide how much risk you are willing to take for your real investment.

Expenses Tracking

Fresh Graduates

Savings

General

Eng You Guan
Eng You Guan
Level 3. Wonderkid
Answered on 31 Aug 2018
Create a spreadsheet and calculate your personal net worth. This can be your savings in bank accounts, investments, things that you can sell off (eg. Carousell), cash value of insurance. Some even consider CPF. Subtract that with your liabilities if any: existing loans or unpaid payments. Hopefully your calculated net worth turns out positive. From there, you can have a broader idea of what you can monetise and also decide how much to allocate to investments. Tracking your expenses is important too. Know what you can reduce spending on. No blame no shame. List everything. You can use the Seedly app (it's free!) Set goals. There are stages in life that require huge sum of money. Travel expenses? Further studies? Marriage? New house? Babies? Cars? Medical bills? Postmortem expenses? Ask yourself what you want in life. When do you think is a good time to retire? Read up on CPF, IRAS, HDB, all the gov websites. Familiarise yourself with the possible tax reliefs. Know what you can or cannot do with your CPF.

Investments

Eng You Guan
Eng You Guan
Level 3. Wonderkid
Answered on 14 Jun 2018
If you earn more than 20k for annual income, you might like to also topup your CPF SA/MA for tax deduction and enjoy the CPF interest rates. If your company has a Employee Share Option, max that out as well. for eg. company matches 50% worth of shares for every 100% that you buy (the amount that you can buy is usually capped at a certain percentage based on your salary)
Level 3. Wonderkid
19UpvotesGoal 20
1 UPVOTES TO LEVEL UP
Browse Rewards