Leon Heng - Seedly
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Leon Heng

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Leon Heng

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Leon Heng

  • Answers (5)
  • Questions (0)
  • Reviews (4)

Investments

Robo-Advisors

StashAway

Why is my Stashaway account in negative returns now. Do they not rebalance for us. Anyone withdrawn yet?
Leon Heng
Leon Heng
Level 3. Wonderkid
Updated on 25 May 2019
Nope I am making a profit now. I deposit a few hundred every now and then at random.
👍 0

Investments

Insurance

Should I surrender my policy or keep paying $~810/year for endowment plan?
Leon Heng
Leon Heng
Level 3. Wonderkid
Answered on 26 Mar 2019
Looks like a 50 year policy? What year do you have to pay until? Looking at it you are simply making over 4 times the total premium amount over the entire period it is too good to let go.
👍 0

Savings

Lifestyle

Share your top personal finance tips and hacks here!
Leon Heng
Leon Heng
Level 3. Wonderkid
Answered on 09 Jan 2019
Use a credit card whenever possible to earn points or miles. Use the credit card which gives the best benefits for the category of the expenses (dining, utilities, transport, entertainment, shopping and insurance (especially if it is the largest expense). Make sure you don't need to spend a minimum expenditure that is too hard to hit in order to get the significant rebate or benefit, spending over your budget just for the rebate. Never pay for annual fees, always negotiate for a fee waiver. Maintain a spreadsheet of inflows of funds and expenses under specific categories so that you can focus on how to minimise expenses/increase inflows in those areas. Over a longer period, you will have a very good idea and trend of inflows/outflows and be able to better manage your spending against your income. Read up useful websites on tips on how to put on cards to better use e.g. Milelion and learn from the experts, and Seedly of course, to discover ideas on better management of personal finance matters from like-minded individuals! if you see a reasonably promising contest on Facebook, worth your time and effort, try taking part. You might just win yourself a voucher or prize!
👍 1
Level 3. Wonderkid
33PointsGoal 40
7 POINTS TO LEVEL UP
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