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Ultimate guides to kickstart your finances
A normal Singaporean girl, and a new mum
Yanisa Koh
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A normal Singaporean girl, and a new mum
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Yanisa Koh
- Answers (136)
- Questions (1)
- Reviews (1)
Lifestyle
Family
Retirement
SG Budget Babe
Insurance
Yanisa Koh
Level 6. Master
Answered 4w ago
At this age, its not going to be financially wise to buy insurance. You could help them by understanding their spending and seeing which areas they can save on. Start them with a savings plan for the future, and consider topping up their cpf for tax relief and for them to use after they retire as well.
SG Budget Babe
UOB One
Savings
Bank Account
Yanisa Koh
Level 6. Master
Answered 4w ago
This depends on what you plan to do with the money and how long you want to keep it for? If there are no big ticket items coming up soon and you don't need the money urgently you can consider investing the money or ssb to start growing your nest egg.
SG Budget Babe
Credit Card
GrabPay Card
Grab
MileLion
UOB One
UOB One Card
HSBC Advance Credit Card
Yanisa Koh
Level 6. Master
Answered 4w ago
1) I managed to get cashback for grabpay top up. 2) Yes, most hotels allow giro cc payment.
Loans
OCBC
POSB
Education
SG Budget Babe
Yanisa Koh
Level 6. Master
Answered 4w ago
Hi, I believe study loan rates are better than personal loans from the bank.
SG Budget Babe
Family
Yanisa Koh
Level 6. Master
Answered 4w ago
Hi Anon, I think the only way to protect yourself would be to say no to your dad if the request is too much for your budget. As your father, I hope he would understand if you explain nicely about how difficult it is going to be for you to save up for important life purchases. Try to find a balance between being filial and taking care of yourself and your future.
General
Investments
SG Budget Babe
Yanisa Koh
Level 6. Master
Answered 4w ago
I aim to reach financial freedom before I turn 60. I hope to get consistent income streams that will be able to sustain myself in retirement. Some obstacles that I foresee might be health or other unforeseen issues that will impact my ability to work or find a job.
DBS Live Fresh Visa Student Card
Maybank eVibes Card
CIMB AWSM Card
SG Budget Babe
Cashback
Credit Card
Education
Yanisa Koh
Level 6. Master
Answered 4w ago
Definitely pick the Maybank eVibes so that you don't need to think too much about spending categories and hitting a minimum.
Investments
Lifestyle
Savings
DBS
Stocks Discussion
SG Budget Babe
Yanisa Koh
Level 6. Master
Answered 4w ago
The DBS Vickers Young Investors program is for people 18 to 20 years old, and has lower commission. I would recommend you to look for an alternative monthly investing account instead, which has a pretty low minimum amount per month.
MileLion
Credit Card
Cashback
SG Budget Babe
Yanisa Koh
Level 6. Master
Answered 4w ago
Hi, I would recommend you to go for cashback, especially if you're not going to be spending a big sum. This would definitely give you easier and faster returns.
SG Budget Babe
Investments
Loans
Education
Personal Finance 101
Savings
Yanisa Koh
Level 6. Master
Answered 4w ago
Hi, glad that you are thinking about saving money at your age. With the school fees, it's going to be difficult to really stick to the 50-30-20 rule, and you don't have to. For now, focus on saving up for the school fees. Calculate how much the fees would be, and whether you will still be working part time after you start school. Try to spend prudently and save the rest.
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Level 6. Master
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