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Jasmine Tay

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Jasmine Tay

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Jasmine Tay

  • Answers (30)
  • Questions (2)
  • Reviews (0)

General

Do you have any regrets in your saving path?
Jasmine Tay
Jasmine Tay
Level 4. Prodigy
Answered on 05 Dec 2019
Definitely there are items that you'll second question yourself on buying when you find yourself not utilising it as much. But I think the more important thing is to not be hung up on these regrets and see how you can improve your savings path moving forward. For this, tracking your monthly expenses really helps you to identify the areas you can cut down on and improve your savings sum.
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SG Budget Babe

Family

How do you strike a balance between buying things your parents ask for and your own savings and goals?
Jasmine Tay
Jasmine Tay
Level 4. Prodigy
Answered on 05 Dec 2019
Honestly, this is tricky. I'll feel obliged to buy the things they ask for as their child. I think you can just give in for lower priced items, but for big ticket items like a TV, I think you can sit down with your dad and really explain your concerns to him. Tell him you're saving up for your house, marriage etc so he won't feel like you're being selfish and wanting to keep the money to yourself.
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SG Budget Babe

Lifestyle

Credit Cards

Please recommend credit card for hotel deposit?
Jasmine Tay
Jasmine Tay
Level 4. Prodigy
Answered on 05 Dec 2019
For a quick fix, you can just enable your debit card for overseas usage rather than going through the application process if you're not planning to use credit cards for other purposes.
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SG Budget Babe

Career

Lifestyle

How do you prioritise between health & wealth?
Jasmine Tay
Jasmine Tay
Level 4. Prodigy
Answered on 05 Dec 2019
I'm on the view point that one does not need to to have a lot of money to be happy. But the moment you're in poor health, you'll be living in misery for that period of time. Of course to each his own, but wealth is a tradeoff I can take for good health.
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SG Budget Babe

Credit Cards

Which credit cards do you carry and why? Do you constantly look out for promotions and renew your credit card selections?
Jasmine Tay
Jasmine Tay
Level 4. Prodigy
Answered on 05 Dec 2019
I carry DBS Altitude credit card, reason being I travel a lot for work so it makes more sense for me to accumulate miles on top of miles. I look out for promotions on the DBS Lifestyle app cause they give away freebies every month haha, so far I've gotten free starbucks, gongcha, famous amos cookies, and $50 cash credit back. Please look out for promotions on this app if you have a DBS/POSB credit card!
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SG Budget Babe

Retirement

Family

Are our Parents Retirement our business?
Jasmine Tay
Jasmine Tay
Level 4. Prodigy
Answered on 04 Dec 2019
Yes, given that they've also raised you up with their own finances, I believe it's only right to return the favour once you've gained some financial freedom yourself. As a start, perhaps you can look towards helping them manage their budget and set aside a sum of their savings each month? And check whether they have insurance coverage too, otherwise bulk of the financial burden from health expenses might potentially fall on you.
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Savings

SG Budget Babe

DBS Multiplier Account

What is the best way to have more savings without 1. Investing (not a risk taker) 2. Buying more insurances saving policies.?
Jasmine Tay
Jasmine Tay
Level 4. Prodigy
Answered on 04 Dec 2019
1. Find a side hustle with low starting capital (since you're a not a risk taker). Can be your hobby or anything really, I know a home based tailor who takes up ad-hoc tailoring requests on weekends on top of her full time job, just put your skills to good use haha. 2. Increase your pay - year end performance review should be happening about now, good time to ask about your pay increment 3. Cut down on unnecessary expenditure
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SG Budget Babe

Family

When do you think is a good time to start a family?
Jasmine Tay
Jasmine Tay
Level 4. Prodigy
Answered on 04 Dec 2019
Don't be intimadated by the timelines of others around you, start a family once you feel financially ready and emotionally ready to spend the rest of your life with your spouse. And these should be a two way mutual agreement.
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Stocks Discussion

Investments

Robo-Advisors

Which robo-advisor are you using and how have it been for you so far?
Jasmine Tay
Jasmine Tay
Level 4. Prodigy
Answered on 04 Dec 2019
I used Smartly.sg before, it's really easy to use. You can adjust your risk appetite on a scale of 1 to 10, and they also show the underlying portfolio, which are mostly US based. The fees and pricing are pretty transparent as well. I'm considering to use it again haha as I did see some returns the previous time, but withdrew it due to personal reasons.
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Lifestyle

Savings

SG Budget Babe

Cashback

MileLion

Miles

Credit Cards

Can anyone share their ranking of the top payment methods based off their perks?
Jasmine Tay
Jasmine Tay
Level 4. Prodigy
Answered on 04 Dec 2019
1. Favepay/Grabpay topped up with credit card 2. Paywave using credit card 3. DBS Paylah for hawker stalls with the QR codes These are my personal favourites because of their rewards/convenience/availability!
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