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Pat

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Pat

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Pat

28Upvotes
  • Answers (26)
  • Questions (0)
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Career

Lifestyle

Pat
Pat
Level 4. Prodigy
Updated 1d ago
Will say full time. Tried the part time stuff, you need to properly manage work + family + thesis/papers which is personally very tiring. Especially with all the rushing from work to school. As with most things, a compromise is necessary. However, if you do have an understanding boss, work out an arrangement that suits you! Could be part time work or telecommuting, either way, it alleviates the stress of studying part time while working full time.

CPF

Investments

Online Brokerages

Brokerages

Pat
Pat
Level 4. Prodigy
Updated 1w ago
Hi there! The major banks (DBS, OCBC, UOB) allow you to use CPFIS (OA) to invest in ETFs. First, apply for a CPFIS scheme account on your online banking site and link it up with your brokerage account. When buying ETFs on your brokerage platform, simply pick the option of using CPF to pay instead of cash. Not sure which ETF you are looking at, but under CPFIS there are only 4 approved ones!

Investments

Loans

Pat
Pat
Level 4. Prodigy
Updated 2w ago
First, understand that with investing there are risks. It may be possible that at the end of 3 years you may have losses (who knows what the economy will be?). If you can stomach that, then look out for opportunities. Second, what is your risk level? Low risk - 1-2% per annum via savings accounts (e.g. CIMB, OCBC+), fixed deposits and Singapore Savings Bond. (This ain't rly investing, but max your money.) Mid risk - Robo-advisors, blue chips, regular savings plan, retail bonds Higher risk - Choosing your own stocks, P2P lending I do agree with your stance, but do remember to pay back the loan immediately upon graduation. They have this weird fixed window for you to pay back (i.e. you can't pay back earlier) and past a certain date (idk like 2 weeks after grad?) the interest will kick in. All the best!

Savings

Singapore Saving Bonds (SSB)

Investments

Pat
Pat
Level 4. Prodigy
Answered 3w ago
Hi! It is through the bank which you bought the SSB from. Mine is through OCBC and basically you go to Singapore Government Securities under Invest, and instead of clicking "Buy" you click "Redeem". You can only "withdraw" within the working hours of SSB which is weekdays 9-5 I think hahah and if you are withdrawing it now i.e. early August, do note your money will only be back in your account next month :)

Credit Card

Bank Account

Miles

Pat
Pat
Level 4. Prodigy
Answered 3w ago
Walk in to speak to someone at the bank, they sometimes do grant secured credit cards . The caveat: leave a fixed deposit with them (ranges from 10-30k depending on bank!) I personally think the DBS Altitude is good for you as their miles don’t expire + currently have a transport promotion (up to 4 miles for $1 spent). If I recall their min fixed deposit for a secured card is $10k!

Family

Lifestyle

Savings

Pat
Pat
Level 4. Prodigy
Answered 4w ago
Frankly, the easiest way is to increase the amount of allowance you give your parents and let their bills be a recurring GIRO. Alternatively, I would say 1 person pays first so that more benefits can be reaped if that person has some sort of multiplier account. Come up with a shared spreadsheet and consistently track the bills for each month; split the amount at the end of the year. Or if the bills are generally the same amount each month, can just do a once off annual payment to your sibling. What my siblings and I do is that one of us doesn't give allowance since that person covers the bills but idk whether it will sit right in your family (some parents want to receive allowance from every child) so I suggest that 1 person pays first :)

Credit Card

DBS Live Fresh Card

Pat
Pat
Level 4. Prodigy
Updated on 01 Jul 2019
If you top up your grabpay wallet, it doesn’t count. If you pay for grab rides using your live fresh card, it counts.

Fixed Deposits

Pat
Pat
Level 4. Prodigy
Answered on 01 Jul 2019
Hiya, I think it is pretty decent if you are risk averse. Comparing to the July edition SSB of 1.93% for first year, if you withdraw it after 12 months, the interest you get is $193 for a purchase of $10000. Subtracting away $4 for application and early withdrawal fee, you get $189 which is an effective interest of 1.89% (gets closer to 1.93% if you make bigger deposits). FD is comparable. Will recommend the FD if is easier for you to apply + you are making a small deposit. (CIMB has 12 months @ 1.85%) If you don't mind holding the $$ in SSB for longer or you are making a bigger deposit, will recommend SSB.

UOB One Card

Credit Card

Pat
Pat
Level 4. Prodigy
Updated on 27 Jun 2019
Yep it does. If you are looking at the quarterly cash rebate, note that there's a total min spending of at least $500 monthly for 3 consecutive months.

BOC Family Card

YouTrip

Credit Card

Pat
Pat
Level 4. Prodigy
Updated on 25 Jun 2019
Sorry this is late but it doesn't! Payment to prepaid accounts like Youtrip is excluded. Reference: 1(b)(iii) https://cloud.bankofchina.com/sgp/boccc/media/documents/TermsandConditionsGoverningBOCFamilyCreditCardCashRebate_Programme.pdf
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