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Lifestyle

Family

Clara Ng
Clara Ng, Community Manager at Seedly
Level 5. Genius
Updated 20h ago
Hi Anon, We are constantly finding ways on how we can improve the user experience, which led to new improvements made to the navigation bar! It is now more user-friendly than our previous one. Like with anything new, we understand that it might take some time getting used to. But we hope that after getting used to it, our users and you will have a better and more enjoyable time on our platform with the improved navigation bar :)
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Investments

Savings

COVID-19

Lifestyle

CH
CH
Level 6. Master
Answered 1d ago
Did not read the article. But I guess it is comparison between passive and active. I am a believer in passive investing. The "boglehead" type of investors. Simply over time, timing the market will underperform. It is always a good time to invest. Generally, robos have lower fees compared to traditional brokers, financial advisers and UT providers and are more flexible with investment frequency and amount. Personally, I have most of my investable monies with robos. Hope this helps.
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Health Insurance

Healthcare

Lifestyle

Insurance

Soon Xiaohui
Soon Xiaohui
Level 6. Master
Answered on 29 Jun 2018
Hello there, To clear your doubt - usually when we say health insurance, we are referring to Hospital & Surgical (H&S) or integrated shield plan and yes it is a type of term insurance but this is not the insurance which many has been debating to get term or whole life thefore please don't get confused over this. You may read https://blog.seedly.sg/working-adults-what-are-the-key-insurance-policies-you-should-get-in-singapore/ to have a summary glimpse of different insurance and their purposes. For your case, have you check if your family if you have an existing health insurance? That should be the first step you should do first. If you have no health insurance, do spend some to read on the articles before getting any purchase https://blog.seedly.sg/singaporean-integrated-shield-plan-comparison/ https://blog.seedly.sg/integrated-shield-plan-rider-comparison/ Hope these links clarify your main doubt.
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COVID-19

Career

Economics

Family

Lifestyle

Hi Anon, The government recently unveiled it's second stimulus package of S$48 billion to fight the economic effects of the coronavirus outbreak, and will be in addition to the previous S$6 billion Unity Package ! Economic data released on Thursday morning showed how Singapore's gross domestic product fell an annualized 10.6% in the first quarter from the previous three months, with our economy shrinking 2.2% in the first quarter of this year . The country is expected to be heading for a full-year recession- its first in two decades. The Ministry of Trade and Industry downgraded its 2020 growth forecast to a range of -4 to -1 per cent. DPM Heng said during his address to parliament that "Our resilience as a country, as a society, is being put to the test as we face our biggest challenge in more than a decade." Some highlights of this second stimulus package are: - $4 billion package to keep workers in jobs and help companies with cash flow - $1.6 billion for a one-time payout for Singaporeans aged 21 and above, between $$300-$900 each - $800 million to support front-line agencies fighting the outbreak. - Scrapping of property tax for virus-hit hotels, restaurants and shops - Expansion of wage support for businesses, including extra support for those in food services, aviation and tourism industries - Direct cash aid to a broader pool of self-employed persons - Enhanced support for lower-income workers - Freeze of government fees and charges for one year - Suspension of student-loan interest and repayment charges for one year - Suspension of late-payment charges on public-housing mortgage arrears for three months - The additional spending will push up the government’s virus-related relief to almost S$55 billion, or 11% of gross domestic product, Finance Minister Heng Swee Keat said in a speech in Parliament Thursday. The S$48 billion stimulus package will be pulled from Singapore's massive reserves. This is rather unprecedented as until now, the Government has only drawn on past reserves once during the 2008 Global Financial Crisis when the President approved a draw of $4.9 billion to fund the Jobs Credit Scheme and special risk-sharing initiative. This shows the immense scale and seriousness of the impending recession, and how drastic the measures that need to be put in place will be. As to how long the measures will last, no one can tell or predict for sure. However, the mega reserves that Singapore has will definitely but put into good use during this period, and I'm sure that the Singaporean government will prepare and push out more stimulus packages if the need for them arises. I think that this second stimulus package will do wonders to cushion the impact for various sectors in Singapore, but only time will tell whether it's enough to tide us through this tough period.
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COVID-19

Economics

Lifestyle

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated 3d ago
In parliament today, it seems like the government (Minister Heng Swee Kiat) will be taking the stage to announce some packages for the public today. It's a pretty drastic move as there are many problems which are being caused by the current COVID-19 virus. ! My guess would be in TWO parts: I will update this portion once it's out in full with the delivery of the speech later today. Businesses: - Industry focus will be first on the most impacted sectors (F&B, Retail, Hospitality, Travel, MICE events) - Packages with focus on keeping jobs (training rebates, wage credits etc) - Packages to focus on suriving and reducing costs (rental rebates, tax rebates etc) Consumers: - Re-skilling and upskilling during the dowturn - Job support schemes Overall it does look like its going to be a very tough period for the country as we head into a semi-lockdown situation as we currently are in right now.
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Lifestyle

Travel

Family

Savings

Expenses Tracking

Julia Chan
Julia Chan
Level 4. Prodigy
Updated on 22 Oct 2018
Share meals to save money and lose weight while you're at it. Well you can have one good meal a day, and pack sandwiches and fruit for the rest. Still water can be more expensive than sparkling water, so bring along bottles to refill at the hotel or if you chance upon any water coolers. Depends on where in EU you are going, you can check out Eurail passes. Youths get discounts off these passes. Don't visit theme parks unless you absolutely have to, and buy gifts from Aldi or those budget supermarkets, foodstuffs you can't get back home cheap or at all. Like ferrero hanuta, it is so cheap there.
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Lifestyle

Savings

HDB BTO

Career

When you buy a house, the cost is very huge, normally about 30% of the house price (lawyer fee, agent fee, downpayment), unless you can BTO or use grants. The good thing about CPF is that you can use the money in it to pay for your house. If your CPF OA money is enough, you do not have to use cash to pay for monthly instalments.
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Lifestyle

Travel

MileLion

Frankie Aufhauser-Rappaport
Frankie Aufhauser-Rappaport
Top Contributor

Top Contributor (Feb)

Level 8. Wizard
Answered on 25 Feb 2020
Sorry, I feel that mass tourism has spoiled everything. In ancient times only the rich could afford 'leisure travelling', the 'common man' did not complain. Nowadays the majority can travel (and does), and although democratic circumstances are a good thing, the sheer mass of travelers (sometimes bad mannered ones) destroy culture and the climate. (sorry in advance for my pessimistic view). Far distance travelling should be done rarely, I feel. Often we do not know our own home regions.
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Lifestyle

Savings

Career

Earn more, spend less, review finances Earn more Make sure full time job is stable Get a part time job Do side hustles Spend less Find out what are the non-essentials and spend less Review all your debts Review finances Do balance sheet, cashflow and income statment of yourself I make videos about interesting stuff at youtube here
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Lifestyle

Family

Savings

Personal Finance 101

SG Budget Babe

janedoe
janedoe
Level 4. Prodigy
Answered 2w ago
I think the best way is to tell him your concerns, have a mature and open conversation about it. If you are planning to spend the rest of your life with him, he cannot possibly be keeping up with this forever. Let him know that you do not need to be pampered. That while you appreciate the gesture, you are able to afford such luxuries on your own. (The worse thing is to make him feel like he is spending on you yet you dont appreciate it) If he wants to spend on you, tell him that he can do so once in a while, not all the time. Tell him that you see a future with him, that you want to buy a house with him, that you want kids with him, and this future is only possible if you both can afford it.
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