Anonymous

31 Oct 2019

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How has your savings rate changed after becoming parents?

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John Smiths

31 Oct 2019

Tax at Local bank in Singapore

I'm about to become a parent. Before the baby arrives, my savings rate increased because while there are maternity expenses going up, my entertainment and travel expenses went down. I reckon my savings rate will go down after the baby arrives since baby expenses will go up much more then the maternity expenses going down.

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With the latest changes to the savings account interest rates, what are you doing differently to work around this?

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