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Ernest Yeam Wee Leong

Singapore's Lifestyle and Personal Finance blogger. Tips on www.justbeingernest.blogspot.com/

Ernest Yeam Wee Leong

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Singapore's Lifestyle and Personal Finance blogger. Tips on www.justbeingernest.blogspot.com/

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Ernest Yeam Wee Leong

  • Answers (89)
  • Questions (2)
  • Reviews (1)

Shopping

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Updated 2d ago
To use shopback is actually no cost to you so no harm trying. Shopback basically gives you cashback for using them since they are paid a commission for driving sales to their partners. Below is my cashback history and the money that i have received. It is literally free money given to you when you spend through Shopback. ! Besides using it for online shopping to get cashback, you can also use it to get cashback for offline spending from many F&B with their newest product "ShopBack Go" I have "saved" alot of money using ShopBack Go when eating at restaurants that they have partnered with. ! You can actually stack it with other rewards and wrote an article to show how it works. ( https://justbeingernest.blogspot.com/2019/07/best-payment-method.html )
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Bank Account

Credit Card

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Updated 2d ago
! For DBS Credit card fees waiver is quite fast. Did it via iBanking and it was done within 3 days. Attached images for references.

STI ETF

Regular Shares Savings Plans (RSS)

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Updated 2d ago
Yes, Dividends is paid out based on the holdings in the ETF. If the company pays out dividends, you will receive dividends too. I have invested in Lion-Phillip S-REIT ETF and also received dividends too from the REITS that the ETF invests in. !
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Miles

Cashback

SG Budget Babe

Credit Card

MileLion

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Updated 3d ago
Firstly start tracking your spending first for the first three months. Then observe what are the things that you spend on and how much is it. Then from there based on the credit cards that you are looking at, you can do a projection on the returns that you are going to get from that credit card. There are three main kinds of credit cards which are cashback, miles and points. For me i have DBS Livefresh (Cashback) and DBS Altitude (Points that can convert to miles) and POSB Everyday (Cashback) You can read up more about credit cards in my article below and the different types of credit card. Rewards for Using Credit Cards I write cool stuff about personal finance and money-saving hacks here.

Stocks Discussion

SG Budget Babe

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered 3d ago
Aiming to hit at least $200 monthly dividend income I write cool stuff about personal finance and money-saving hacks here.

SG Budget Babe

Savings

Lifestyle

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered 3d ago
Actually budget and stingy are two different perspectives. Budget means spending wisely. Stingy means being selfish. As long as the item that you are spending on you feel that is not worth it, then dont spend and you are not being stingy. But if is really a constraint to you then no point spending money just to be acceptable to others. I write cool stuff about personal finance and money-saving hacks here.

SG Budget Babe

Insurance

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered 3d ago
Definitely hospitalization first, then critical illness, then life, then accident. I wrote an article about it before. You can check it out below Types of Insurance Products that I Personally Bought as Working Adult I write cool stuff about personal finance and money-saving hacks here.

SG Budget Babe

Lifestyle

Education

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered 3d ago
Most common stuff will be to do part time jobs like give flyers, FnB, hotels and events job. I wrote this two articles that you can probably find some gold nuggets in there 9 Ways To Make Extra Money in Singapore While Keeping Your Day Job 5 Ways to Earn Extra Money while Schooling I write cool stuff about personal finance and money-saving hacks here.

Investments

Stocks Discussion

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered 1w ago
To avoid Hyflux disasters, simply do not investment any money........just kidding You can invest but invest in the right company with good financials. Avoid companies with negative cashflows, high debts, decreasing revenue and profits, huge losses, sunset industry, and lack of directions. I write cool stuff about personal finance and money-saving hacks here.

Investments

Singapore Saving Bonds (SSB)

Savings

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered 1w ago
I will recommend putting in a small percentage into SSB. Use your age as reference, if you are 22 then put 22% of your money into SSB But you will need to take note whether is the returns from SSB is the highest among similar risk of investment products. If fixed deposits give higher returns than SSB, then it will be better to put into fixed deposits instead. Next regarding the remaining amount assuming that you have insurance settled, it will be good to learn how investment works and the different investments available. Learn how each investment works from experienced gurus and the skills needed to profit from investment. Putting money into investment without knowing how to do it will be risky in the long term. I write cool stuff about personal finance and money-saving hacks here.
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