Joyce Chan - Seedly
 
Joyce Chan

I'm a Financial Consultant with a heart of a Police Officer. Your financial security and freedom is my priority.

Joyce Chan

Senior Financial Consultant at Prudential Assurance Company Singapore

About

I'm a Financial Consultant with a heart of a Police Officer. Your financial security and freedom is my priority.

Credentials

Senior Financial Consultant at Prudential Assurance Company Singapore

Joyce Chan

Senior Financial Consultant at Prudential Assurance Company Singapore

  • Answers (12)
  • Questions (0)
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Insurance

Family

Personal Accident (PA)

Personal accident plans are often seen as useful complements for your baby's hospital and surgical plan. Most personal accident plans also cover accidents such as food poisoning, insect bites etc. In these instances, you baby is not necessarily warded and the hospital and surgical policy will not be activated. However, if you have a personal accident plan, the paeditrician/doctor/outpatient fees will be reimbursed by the personal accident policy. Some policies even cover certain viral infections common amongst children, like HFMD. Personally, I always recommend personal accident plans to go along with hospital and surgical plans. Personal accident plans are often super affordable and I prefer to transfer risks of paying for medical treatment arising from accidents over to the insurers. For more information, you can refer to the following articles: https://blog.seedly.sg/how-can-you-fully-insure-your-child-with-child-insurance/ https://dollarsandsense.sg/type-baby-insurance-buy-newborn-child/ https://blog.moneysmart.sg/family/child-insurance-singapore/ Hope this helps! :)

Credit Card

Bank Account

General

Just call in to the credit card hotlines (tip: call during offpeak hours) to cancel. Be firm about wanting to cancel and voila, it's usually processed within the day. :) Hope this helps!

Electricity Market

Keppel Electric

Promo Codes

As Prudential has a tie-up with Keppel Electric, most Prudential Financial Consultant would have a promo code for Keppel Electric. If you have a Prudential FC friend, you may ask him/her for the promo code. If you don't have any Pru friends, you can buzz me or any of the Prudential FCs here. Always happy to share a promo! Hope this helps! :)

Bank Account

Credit Card

Savings

Lifestyle

Hi, there! It's awesome that you're conscious of your savings - so kudos to that! Now, we can look at growing your savings. You might want to first start off by opening a bank account with potentially higher interest rates and credit your salary into that bank account to earn the said higher interest rates. You can look into the DBS Multiplier Account or OCBC 360 Account. Next, you can look at putting your savings into various instruments to make them work a little harder for you. Before you look into any instrument, make sure that you know what your risk appetite is and what products are more suitable for you. For a start, you can look at bonds like Singapore Savings Bonds for low-risk investments. I'd definitely suggest that you speak to a seasoned Financial Consultant / Financial Advisor to help you work through this. Or speak to several and get a sense of what is most suitable for you. As for the use of credit cards, you can look at cashback cards. Look out for credit card promos to ensure that you make the most out of a card. Of course, always pay your credit card dues in time so that you don't incur any additional charges! :) Hope this helps!

Savings

Travel

For my personal planning, I choose to backpack within Asia for my personal trips. These backpack trips cost a lot lesser (enabling me to save more money in my 20s and 30s). Backpacking in Asia has been amazing and by backpacking, I truly immerse in the culture of the host country. Moreover, I probably wouldn't be able to backpack as much in later years due to physical stamina. I'll then choose to mature my savings and plans in later years to travel to further places in a more comfortable fashion. Of course, this is my personal preference - I hope it gives you a little more perspective in planning your travels. :)

Career

Investments

Lifestyle

As a previous public servant, I'm aware that the rules are pretty strict and no moonlighting is allowed. However, there are some side hustles that can somewhat qualify (but still do take precautions and check through the SOPs/IM) before you decide on doing them. 1. Selling things on carousell 2. Giving private tuition (as a favour, with a small remuneration of course) 3. If you have a car, giving GrabHitch rides (that fall within the rules of LTA - no more than 2 rides per day). 4. Getting a booth in a community flea market to sell pre-loved/new items (our SG equivalent of a garage sale) There may be more! Look out for answers to similar questions too! :) Hope this helps!

Insurance

While it's ultimately a personal preference, there seems to be a trend. For new cars, people tend to get comprehensive cover so that damages to their own cars are covered. However, for older cars (e.g. cars that have renewed COE), some choose to go with 3rd party only as they can stomach the risks of scraping an older car due to an accident better than that of a newer car. Hope this quick answer helps!

Career

Fresh Graduates

The seedly community would definitely need more information about you, your preferences, your background etc. before we can provide good suggestions. Nonetheless, if you are looking for interim jobs as you are figuring out what to do next, you might want to look for jobs that give you better exposure / enable you to talk to more people. Such jobs could be doing sales and exposing yourself to people from all walks of life, interning at an industry of your choice, doing admin stints in multiple companies etc. Hope this helps!

Insurance

Family

This is really dependent on your existing coverage and your needs. Is there a liability that you would want to get a term policy to cover? Or are you more worried about the costs of living should a CI strike? Different people would answer these questions differently. It'd be best to speak to your financial consultant to go through a thorough review and needs analysis to find out what's best suited for you in your next step. Hope this helps!

Investments

Property

CPF

SeedlyTV EP06

HDB BTO

I personally find it useful to look at interest rates. If the interest rate of the renovation loan is lower than that of my investment/savings returns, than one might choose to set aside a portion to invest, while taking a renovation loan. E.g. If i/r of renovation loan is at 2% and investment/savings returns is at 3%, I might choose to set aside a sum for investments/savings instead as the returns would cover the cost of the loan and still allow me to earn a little. Hope this helps!
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