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HC Tang

Sharing my experience & learning. Thank you for your sharing and upvote:)

HC Tang

Financial Enthusiast, Budgeting at The Society

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Sharing my experience & learning. Thank you for your sharing and upvote:)

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Financial Enthusiast, Budgeting at The Society

HC Tang

Financial Enthusiast, Budgeting at The Society

  • Answers (551)
  • Questions (11)
  • Reviews (32)

Fresh Graduates

Is there anyway to pick up industry skills without having to fork out too much? Been trying to look for affordable online courses to upgrade my skills but most are quite expensive.?
HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 9. God of Wisdom
Answered 9h ago
Hi Try out free courses at: https://www.udemy.com/courses/free/ Google Digital Garage https://learndigital.withgoogle.com/digitalgarage Courses that pays you to learn: https://blog.moneysmart.sg/career/courses-in-singapore-training-allowance/ Finally, can always utilize your skillfuture credits to pay for course without forking out much cash. Do check out the demands and reviews before taking the courses. How to check ? Go to all the major job site /linkedin and see the possible position that you wish to work on, check out the keywords of the requirement that seems to appear in all the similar positions, that should be the skills that you want to learn and acquire. Most of all, continously learning is always available for each specific topics by googling youtube etc and self learn, just like self learn guitar playing. All the best ! :) Cheers!
👍 1

Credit Cards

Insurance

Cashback

Miles

Are there credit cards that can be used on insurance policies and savings plan to obtain cashback/miles/reward points?
HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 9. God of Wisdom
Answered 2d ago
Hi Just go to whatcard.sg , choose either Cashback/miles/reward points and type in your insurance company name to know which card allow insurance premiums to be rewarded. Cheers
👍 0

Career

COVID-19

Been struggling to find a job for the past 1.5 to 2 months and am getting anxious. What are some initiatives that job seekers like myself can check out if I want to increase my career opportunities?
HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 9. God of Wisdom
Answered 2d ago
Hi Do look at some contents Seedly shared to help: 1) Watch SeedlyTV : How to survive bad job market https://blog.seedly.sg/how-to-survive-bad-job-market/ 2) Resources to find job for the time being : https://blog.seedly.sg/resources-platform-find-job-covid-19-coronavirus/ 3) Best Job search website https://blog.seedly.sg/job-search-websites-singapore/ Don't worry, gov is helping by creating more jobs, while there are many other resources just like the above. Do view the youtube video in #1. They key is still take the first step or if in need of $, can get the temp job at #2 above while searching for permanent job in #3. All the best!
👍 1

Income Tax

Property Tax

Policies

COVID-19

How can I reduce paying so much taxes?
HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 9. God of Wisdom
Answered 2d ago
Hi Fear not, introducing 10 ways to reduce tax :D https://blog.moneysmart.sg/budgeting/personal-income-tax-singapore/ IRAS Personal income tax relief page at: https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals--Reliefs--Expenses--Donations-/ Cheers
👍 0

UOB One Account

OCBC 360 Account

DBS Multiplier Account

Savings Accounts

Savings

Interest Rates

I'm on the UOB One account, which just decreased its interest rate. I've got around 30K in the account, and expect around 5K salary credit each month. Where should I switch to for higher interest?
HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 9. God of Wisdom
Answered on 10 Jun 2020
Hi There is no "high interest" savings a/c these days, all the banks in singapore has reduced their interest. You can however , try out this: https://seedly.sg/questions/with-all-the-latest-revisions-to-the-savings-accounts-interest-rates-in-june-2020-which-will-you-choose-dbs-multiplier-vs-uob-one-vs-ocbc-360?aid=44325
👍 0

Insurance

Term Life Insurance

Whole Life Insurance

Life Insurance

Why would one prefer term life insurance as compared to whole life insurance?
HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 9. God of Wisdom
Answered on 10 Jun 2020
Life Insurance : 1. Very high Premium compare to Term insurance. 2. Though at maturity there's a sum that will be given back to you, but mostly insufficient. 3. Those with high returns at maturity means very high premium. 4. It will be better to take the $ and deposit to SA to earn higher interest or invest in passive index funds investment. Term Insurance: 1. Much affordable premium than Life insurance. 2. However, no returns if one stop payings. 3. It is what insurance were made for, protections! 4. Use the $ saved from LIfe insurance to buy Terms insurance, the extra invest , it will get much higher returns that the returns from Life insurance at maturity. Do read more at: https://blog.seedly.sg/term-life-or-whole-life-insurance-which-get/ Cheers!
👍 0

SeedlyTV S2E08

Giveaways

CPF

[GIVEAWAY] What is your retirement safety net strategy? How are you currently using your CPF?
HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 9. God of Wisdom
Answered on 10 Jun 2020
My Retirement Safety Net Strategy = Contribute more CPF + SRS Investment (also save on Tax! ) I'm using my CPF as : Savings with high interest as My retirement fund!
👍 0

Savings Accounts

Savings

DBS Multiplier Account

OCBC 360 Account

UOB One Account

COVID-19

Interest Rates

With all the latest revisions to the savings accounts interest rates in June 2020, which will you choose - DBS Multiplier vs UOB ONE vs OCBC 360?
HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 9. God of Wisdom
Answered on 01 Jun 2020
Hi. Suggest that you choose : whichever that is convenient to you. this is because savings Interest rate is getting worst , so: 1. Could keep 10k at Singlife (just download their app and sign up and transfer fund over) for 2.5% up to 10k. Note: Interest is not guaranteed but so far users all got 2.5% for the past 2 months. Can move funds out once they cut the rate. 2. Whichever bank that is convenient for you but only for temporary. Once you find a better investment instrument, which you can read more at Seedly blog (this same website ), then you could invest for better returns. Note: Please remember to do due deligence and not just follow others. All the best ! 😄
👍 10

COVID-19

Career

Education

Fresh Graduates

SeedlyTV S2E10

I am a fresh grad, but similar to most of my friends, I am unable to secure a job in this COVID situation. What can I do? Should I take up an internship or are there better ways?
HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 9. God of Wisdom
Answered on 28 May 2020
If need quick cash to help on family financial, do look at MOF website to apply all the related support fundings first. meanwhile, also register for ths : https://www.tech.gov.sg/media/technews/mol-wasj-lg to allow gov to hlep unemployed too. Do look out for Seedly page about hirings of interns or junior position as Kenneth shared, they are good employer and the team is tight and support each other well , a fun team. Besides, they do have a nice office and pantry :)
👍 0

UOB Direct Visa Debit Card

Debit Cards

UOB

Forex (FX)

Can the UOB One Debit Visa Card be used for foreign transactions? Are there any extra surcharges?
HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 9. God of Wisdom
Answered on 28 May 2020
For payment in foreign currencies, best to use Youtrip / Revolut card (free to apply, top up and works like debit card) as they use market rate with no extra charges and sometimes the rate even better than money changer. If you wish to transfer $ overseas, can consider Revolut or Transferwise. Cheers.
👍 0
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