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Xue Yi Hang

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Xue Yi Hang

  • Answers (9)
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Credit Card

Travel

XY
Xue Yi Hang
Level 3. Wonderkid
Answered on 14 Nov 2019
It really depends on the hotel booking policy, so unless you have a really urgent reason to cancel the card early, it's safest to just hold it til after the trip. You could also try to rebook your hotel if you're able to get the same or better deal :)

Lifestyle

Savings

Family

XY
Xue Yi Hang
Level 3. Wonderkid
Answered on 13 Nov 2019
Hi! I've found that saving on a tight budget is super difficult, and if you really can't bring your expenses down then perhaps you could focus your attention on increasing your freelance income instead e.g. find ways to charge more or get more customers. Love your independent attitude btw!

Stocks Discussion

Investments

XY
Xue Yi Hang
Level 3. Wonderkid
Updated on 17 Sep 2019
To add on to the other answers, there is a minimum commission paid to the brokerage when you buy and sell, so it is often not worth it to just buy/sell 1 share. In addition, brokerages actually hold your foreign shares on your behalf so they will also charge a monthly custodian fee (couple of dollars).

Credit Card

Bank Account

XY
Xue Yi Hang
Level 3. Wonderkid
Answered on 26 Aug 2019
Every card has its pros and cons, so it really depends on what you want out of it (cashback, miles or discounts etc). Do note that most cards have a minimum monthly spend before you actually enjoy some of the featured benefits so do read the fine print. Comparison sites like Moneysmart.sg are your friend :) Btw you'll need at least 3 months of CPF contributions on record iirc for the banks to ascertain that you have regular income before you can apply for a credit card.

Investments

Savings

XY
Xue Yi Hang
Level 3. Wonderkid
Answered on 21 Aug 2019
This is the same question I asked myself many times before I actually got started investing. This is not an easy question to answer as it really depends on how much investment capital you have too. What I did was to take a small position in a couple of stocks I was eyeing first. If the market went down, I bought more so my cost averaged down. If it went up, at least I have a starting position and I just hold. Important thing IMO is to get started small, gain the experience and only invest money that you can afford to lose.

Credit Card

Payments

XY
Xue Yi Hang
Level 3. Wonderkid
Answered on 20 Aug 2019
I GIRO all my cards so yes if you're not careful, your bank balance may be too low and the GIRO won't go through, resulting in late charges (it's usually first or second time you can apply for a waiver). But I do still go through my statements every month before the due date as a discipline, so I know where my money is going and it also prevents the GIRO from failing since I am prepared for the bill.

Lifestyle

XY
Xue Yi Hang
Level 3. Wonderkid
Answered on 20 Aug 2019
Actually, why not learn from the internet for free? I started from cup noodles level myself and learned all my cooking from YouTube. Now I cook better than my wife :) You can simply search for things like "basic knife skills" and stuff like that and learn all your fundamentals there. The Pro Home Cooks YouTube channel is great too!

Savings

Lifestyle

Bank Account

XY
Xue Yi Hang
Level 3. Wonderkid
Answered on 13 Aug 2019
OCBC 360 is good if you are able to fulfil their requirements for bonus interest, plus IMO their ibanking interface is the best, particularly because of their Savings Goals feature which helps you compartmentalize and automate your savings. I have no experience with Multiplier so I can't comment on that :)

Bank Account

DBS Altitude Visa Signature Card

DBS

DBS Multiplier

OCBC 360

OCBC

Credit Card

Savings

Family

Expenses

XY
Xue Yi Hang
Level 3. Wonderkid
Answered on 13 Aug 2019
It won't affect your credit score. Personally I keep multiple bank accounts as it 1. Makes it easy to segregate my money so I only touch what is in my spending account 2. DBS ATMs often have long queues so I just draw money at OCBC ATMs which usually have nobody and then ibank money between my own accounts lol
Level 3. Wonderkid
39PointsGoal 40
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