Lurkingham - Seedly
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Just a ham lurking around seedly

Lurkingham

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Just a ham lurking around seedly

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Lurkingham

  • Answers (11)
  • Questions (0)
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CPF

Education

Savings

Savings Accounts

Can I transfer my PSEA to CPF OA?
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Lurkingham
Level 3. Wonderkid
Answered 1d ago
Hi I came across this blog that mentioned that MOE will allow the transfer of PSEA to your CPF-OA on a case by case basis. You may read it here: https://az-ra-el.blogspot.com/2019/08/transferred-my-psea-funds-into-cpf-sa.html?m=1
šŸ‘ 1

Rent

COVID-19

Lifestyle

What steps should I consider to manage my cash flow since my residential tenant has defaulted on his rent twice (April and May)?
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Lurkingham
Level 3. Wonderkid
Answered 1d ago
Indeed it will become harder for your tenants to fork out all 3 monthā€™s worth of rent all at once. Perhaps try to understand his situation? What is the main reason for him to not pay his rent when he still has his job? Is his workplace facing difficulties? As of now, perhaps you can give him another alternative instead of forcing him to pay the full rent since he might just refuse to pay. See if he is able to fork out 50-70% of the current rent every month until letā€™s say July when phase 2 has come into play. After that he will need to pay you back original rent fees + a percentage of what he owes you until he pays it off. Maybe use the lease duration vs how much he owe to gauge. If he is not receptive to the idea at all, perhaps you need to look for another alternative.
šŸ‘ 0

Lifestyle

Personal Finance 101

General

What is your key principle to keeping your personal finances in check and why?
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Lurkingham
Level 3. Wonderkid
Answered 1w ago
Save first, pay bills second, spend the rest! If you have some extra money after that, add on to your savings or investments.
šŸ‘ 0

SeedlyTV S2E06

Career

Freelancers

What made you decide to freelance? How did you start?
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Lurkingham
Level 3. Wonderkid
Answered 2w ago
I think straight away jumping to freelance is a huge risk to take. Alternatively I am looking to start a side gig first and see where it takes me from there. This way I get to experience ā€œfreelancingā€ and also have the job security that I have now. If my side gig turns out to be a huge success, at least by then I can confidently switch over.
šŸ‘ 0

SeedlyTV S2E06

Freelancers

Career

How do you overcome finance-related issues as a freelancer?
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Lurkingham
Level 3. Wonderkid
Answered 2w ago
Always always build up your emergency funds. Like you mentioned that your income is always unstable. So as a general rule of thumb I think it is conservative to save up to 12 months of expenditures. This way even when your salary fluctuates, you are still able to sustain your lifestyle.
šŸ‘ 0

Investments

Career

Lifestyle

Family

Do you do side hustle? If you do what are the things you need to give up to pursue it? If you don't what are the reasons?
L
Lurkingham
Level 3. Wonderkid
Answered 2w ago
I am considering to pick up a side hustle as well. It all comes down to time management. You will need to evaluate how much time do you need to put in and what are the POTENTIAL returns you can get. Is sacrificing a bit of family time worth it? Is it possible to involve your family in your side gig so that you can have both family time and also extra income? I feel that time with family can never be replaced and should never be neglected. As long as you know how to manage your time well, please go ahead! Wish you all the best.
šŸ‘ 0

Standard Chartered Spree Credit Card

Standard Chartered Unlimited Cashback Credit Card

Standard Chartered

Credit Cards

Applied for credit card from Standard Chartered but got rejected. How long should I wait till the next application? How do I check with the bank about my rejection?
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Lurkingham
Level 3. Wonderkid
Answered 2w ago
Hey I was in similar situation as you. One of the reason could be you applied for too many credit cards at the same time and hence they rejected you. You may try citi cash back+ which has similar benefits from the one you applied from. Also finding out what is your credit score might help. You may also purchase your credit report for $6+ from Credit Bureau Singapore here: https://www.creditbureau.com.sg/how-to-get-my-credit-report.html
šŸ‘ 0

Savings Accounts

OCBC Frank Account

Savings

SeedlyTV S2E07

What will happen if I have zero balance in OCBC Frank saving account? Will they still deduct or bill fall-below fees to me?
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Lurkingham
Level 3. Wonderkid
Answered 2w ago
Yes they deduct a penalty fee of $2 if your account falls below $1000 after the age of 26. POSB has a lower fall below fees of $500.
šŸ‘ 1

General

Lifestyle

Career

How would you feel if WFH were to become a normal practice in the future? Is it something you are for or against?
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Lurkingham
Level 3. Wonderkid
Answered 2w ago
Honestly WFH has its perks but working in an office environment allows you to better communicate with your coworkers and in terms of that, it is more effective for communications. I believe if CB is lifted, and we are still working from home, the experience will be totally different because we get to meet our friends after working hours, go to the movies etc. So I canā€™t really say I am for or against it. Definitely open to the idea for permanent.
šŸ‘ 0

Payments

Insurance

Family

Savings

Investments

Career

Lifestyle

SeedlyTV S2E03

I am 23 years old with an O-level certificate. What type of job can I get in Singapore with just an O-level cert?
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Lurkingham
Level 3. Wonderkid
Answered 4w ago
I always believe in doing something you like, starting from the bottom is okay as long as you gain experience in the process. You can also work and take up part time diplomas to enhance your skill set. Do try to look up for courses that can be paid with your PSEA Account. Some courses allows you to pay it in full or have it heavily subsidised. Once youā€™re 25, you will have skillsfuture credits which may help in enhancing certain skills. Hope this helps!
šŸ‘ 0
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