HC Tang
Financial Enthusiast, Budgeting at The Society

Top Contributor (Jan)

858 upvotes received
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Sharing my experience & learning from all the gurus here. Thank you for your sharing and upvote:)
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Financial Enthusiast, Budgeting at The Society
Top Contributor
(Sep, Oct, Dec, Jan)
  • 356

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    Answers (356)

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    Reviews (17)

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  • Asked by Anonymous

    HC Tang
    HC Tang, Financial Enthusiast, Budgeting at The Society

    Top Contributor (Jan)

    356 Answers, 858 Upvotes
    Updated on 27 Aug 2018
    Hawker: 1. Market Street Temporary Market and Hawker (next to Telok Ayer MRT) - walk 5 minutes 2. Amoy Street Food cetre - Walk 12 minutes BYOM is the Cheapest if you can ! :D Welcome to the new CBD - Central Busiest District! haha!
  • Asked by Kenneth Lou

    HC Tang
    HC Tang, Financial Enthusiast, Budgeting at The Society

    Top Contributor (Jan)

    356 Answers, 858 Upvotes
    Answered 3d ago
    $500 MBS Staycation with a Michelin dinner == I Want!!! If someone sponsor! hahahaha! $20 Hawker Picnic under The stars with hawker food == I will be kill for this! haha..
  • Asked by Anonymous

    HC Tang
    HC Tang, Financial Enthusiast, Budgeting at The Society

    Top Contributor (Jan)

    356 Answers, 858 Upvotes
    Answered 3d ago
    There's a monthly service fee $5.30 (incl of GST) hidden in the fact sheets!!! Most of their plan has it: https://iswitch.com.sg/wp-content/uploads/2019/01/3.-iSwitch-Fact-SheetChope-the-Rate24-MonthsNon-StandardWebsite140119.pdf So this will makes iSwitch no longer the cheapest... In fact, adding it with their lowest rates makes it not worth it anymore ...
  • Asked by Anonymous

    HC Tang
    HC Tang, Financial Enthusiast, Budgeting at The Society

    Top Contributor (Jan)

    356 Answers, 858 Upvotes
    Answered 3d ago
    Hi. It's so nice and smart of your dad to have plan for cars and house for y'all in times like this. I'm sure you have inherited the good qualities by being sensible also. On the other hand, the cost of owning the car will be much more , there's ERP as you use , maintenance and repair and it would have cause at least another $150 to $200 on top of the $200. It's very wise and sensible of you to consider this extra cost of ownership. I think there's 2 way you can consider this : 1) Thank him, enjoy the car and help him with the car to do errands and stuff. You can make good use of the car, if these extra cost is concern, use it to get some side income to subsidies the extra monthly cost such as being GrabHitch daily etc. 2) Talk to him and find out why He wouldnt allow you to use the $ instead on funding other things. He must have his reason and next you can share your concern and that maybe you could use this instead on getting first house , ask him to teach you how to invest and budget for it. Use it instead as your investment fund. This not only make even better use of the $, allows you to learn how to grow this $ better, manage finances even better and have more father and son bonding time. What's better than learning how to increase and accumulate wealth from your own father and what's not more proud for a successful father to teach his sensible son how to manage and increase wealth ? 😀 Cheers and Enjoy either choice, it's good 😃
  • Asked by Anonymous

    HC Tang
    HC Tang, Financial Enthusiast, Budgeting at The Society

    Top Contributor (Jan)

    356 Answers, 858 Upvotes
    Answered 2w ago
    I think there's two choice: Give or Don't give. So if one choose to give, then it's fine to have market rate, just to know it's not given below current rate for reason of peer pressure, culture or other reasons: CNY 2019 Ang Pow Market rate at: https://blog.seedly.sg/chinese-new-year-cny-ang-pao-red-packet-guide/ https://singaporemotherhood.com/articles/2018/02/cny-ang-pow-giving-guide-how-much/ At the end of the day , it's a famiy / personal choice to give more or less. Maybe take it easy and rather remember the original meaning and purpose of it so that its chill during CNY holday ? :) Origin of Ang Pow: "In China, during the Qin Dynasty, the elderly would thread coins with a red string. The money was referred to as "money warding off evil spirits" (Chinese: 壓祟錢; pinyin: yāsuì qián) and was believed to protect the person of younger generation from sickness and death.citation needed The yasui qian was replaced by red envelopes when printing presses became more common and is now found written using the homophone for suì that means "old age" instead of "evil spirits" thus, "money warding off old age" (Chinese: 壓歲錢; pinyin: yāsuì qián). Red envelopes continue to be referred to by such names today. " Source: https://en.wikipedia.org/wiki/Red_envelope
  • Asked by Anonymous

    HC Tang
    HC Tang, Financial Enthusiast, Budgeting at The Society

    Top Contributor (Jan)

    356 Answers, 858 Upvotes
    Answered 2w ago
    Try this too: https://blog.seedly.sg/5-ways-make-extra-money-on-side-low-commitment/ 3-4 hours a day if you can teach then go for tuition, otherwise even if you don't wanna try, can find out from others how much can they make if is doing food delivery for all the platform. Hope it heps! Happy Hustle hustle! :)
  • Asked by Anonymous

    HC Tang
    HC Tang, Financial Enthusiast, Budgeting at The Society

    Top Contributor (Jan)

    356 Answers, 858 Upvotes
    Answered 2w ago
    Let Seedly help you to start by first reading it here: https://blog.seedly.sg/read-me-first-your-personal-finance-journey-starts-with-this-article/ There's a sea of resources in the Seedly blog and some at the Seedly FB group. Happy Investing! :)
  • Asked by Anonymous

    HC Tang
    HC Tang, Financial Enthusiast, Budgeting at The Society

    Top Contributor (Jan)

    356 Answers, 858 Upvotes
    Answered 4w ago
    Assuming there's 4 months for him to earn the sum. Each months is about $250 or less months. Suggest you can try all below : 1) Take a 30 to 40% cut from his daily allowances, ask him to learn to meal preps, eat from home somehow some way. 2) Ask him to do housework, siblings ferrying duties and pay him by the hour. 3) Balance treat it as a loan to him and requires him to continue #1 and #2 above to payback. #1) Sit down with him to understand his cost strucutre and spending and work out a budget plan. This will teach him to learn to budget now rather than in the future to learn the hard way. #2) Teach him how to clean, arrange things nicely so that he will be independent or even teach him how to cook so that he can cook for the family and learn to self meal preps next time when he goes overseas to study or live alone one day whenever necessary. #3) Teach him about interest and the rate of compunding (thought you dont' charge him interest) so that he can learn the wonderful world of compunding interest and lean that everything has an opportunity cost so as to learn to choose wisely and manage future choices between needs vs wants. I think all the above is possible cos i learn how to cook when i was 12 and does cleaning and earn the pocket $ when i was 7 but I got my hand burned on not knowing the rate of compunding when i got my first credit cards and got into huge 10k debts, where i learn the hard way. So guide them while they are young, they'll thank you for it years later :) Cheers. Happy Parenting! :)
  • Asked by Huang Yixuan

    HC Tang
    HC Tang, Financial Enthusiast, Budgeting at The Society

    Top Contributor (Jan)

    356 Answers, 858 Upvotes
    Answered on 17 Jan 2019
    Yes but it's best to split into : 1) Expenses / Petty cash accounts - For monthly expenses - If you use DBS / POSB then use their normal savings/current account. 2) Savings / Investment acounts - Use DBS Multiplier to get max interest and all your other $ should be here! The benefits is also fast and easy transfer and easier to keep track all within 1 app and you can sync with Seedly app easily to track expenses by category. #1 can also be any other banks.
  • Asked by Anonymous

    HC Tang
    HC Tang, Financial Enthusiast, Budgeting at The Society

    Top Contributor (Jan)

    356 Answers, 858 Upvotes
    Answered on 17 Jan 2019
    iPhone Due to working in tech line and it provides more of our daily services such as information , research, transport information, contact and communications, reminders, planners, capturing moments, photograhy, social and contact with SB and Seedly etcs.. learnings etc. I also got it with subsidized rate, so I won't be overspending to much that does not justify for the cost of the above purposes. However, it is truly "not worth the $" for some due to lessor usage / purposes.
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