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SG Budget Babe

Your Personal Finance Tribe: Become Financially Free!

Dawn Fiona
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394 
Questions answered

A QnA Platform For Cashback and Parenthood Hacks, By Budget Babe!

Welcome to our Q&A Community! This safe space caters to Cashback Enthusiasts and Parents, to learn and share new ways of living cost-effectively amidst the ever-rising costs in Singapore. Thinking of building a second source of income? Not sure how to prepare for your first child? Want to further understand how to plan for your child's future? Have questions on current Cashback deals? You can simply ask here!

Let's help each other out in this journey! If you are shy...you can always ask your questions anonymously!

This topic QnA page is hosted by Dawn Fiona, Founder of SG Budget Babe.

Ask Your Questions Below

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GrabPay Card

Credit Cards

Cashback

SG Budget Babe

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 1d ago
I believe for now, this is considered just a normal spending already. Of which the best option in the market would be the HSBC Advance card. (2.5% rebates with $2,000 min spend, capped at $70 monthly) Or at the same time the next best would be the unlimited earning cards eg: - SCB Unlimited Cashback credit card - Amex True cashback card These two are the higher unlimited cashback cards at around 1.5% rebates monthly with no cap! Hope this helps :)
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Credit Cards

Cashback

DBS Safra Card

SG Budget Babe

Firstly, you need to spend a minimum of $500 in a calendar month. Once this has been checked, you will receive 3% cash rebate for local MasterCard contactless transactions as well as for online transactions. In addition, you will receive 0.3% cash rebate for other retail transactions. More Details: https://www.dbs.com.sg/personal/cards/credit-cards/dbs-safra-credit-card I share quality content on estate planning and financial planning here.
👍 0

MileLion

SG Budget Babe

Family

Parenting

Miles

Credit Cards

BY
Brian Y
Level 3. Wonderkid
Answered 2d ago
Hospital bills are generally excluded from spending - except for AMEX KF cards IIRC. However for now I still use Grabpay Mastercard (topped up using DBS Altitude) for any hospital bills, despite its more mediorcre earn rate now...something is better than nothing I guess? Hope it helps
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Transportation

Miles

MileLion

Cashback

Rebates

SG Budget Babe

Credit Cards

BY
Brian Y
Level 3. Wonderkid
Answered 2d ago
UOB PRVI Miles provides 4.4 mpd spent on public transportation until 30 June 2020! However, you must use mobile contactless payment methods (i.e. adding the card to your mobile wallet) - tapping the physical card doesn't count. https://milelion.com/2020/03/01/uob-prvi-miles-extends-4-4-mpd-on-simplygo-to-30-june-2020/
👍 0

SG Budget Babe

COVID-19

Career

You need to determine whether you are working based on contract of service, or contract for service. In other words, who has control over the work that you do? More details: https://www.iras.gov.sg/irashome/Businesses/Self-Employed/Learning-the-basics/Am-I-an-Employee-or-a-Self-Employed/ I share quality content on estate planning and financial planning here.
👍 0

Stocks Discussion

Investments

Savings

Insurance

COVID-19

SG Budget Babe

Savings Accounts

Well it would depend on my risk profile, appetite, and strategy. If I'm risk adverse, I'll never buy stocks, if i love taking risk, I might never buy an endowment plan. So it's an individual choice and it has to be.
👍 6

Family

Debt

Savings

SG Budget Babe

Sharon
Sharon
Level 5. Genius
Answered 1w ago
You might want to reach out to Family Service Centre in your area to see how they can help or see if you're able to leverage on their network to another organisation that could help. CDC has a tie-up with Maybank on a financial literacy workshop to teach about financial knowledge and money management skills. It's offered to low-income families referred by Family Service Centre and 4 other partners. https://www.cdc.org.sg/centralsingapore/contentdetails/cashup-family-savers I'd think means testing is required. You may want to consider to see the Family Service Centre can offer any insights.
👍 1

Lifestyle

Family

Savings

Personal Finance 101

SG Budget Babe

janedoe
janedoe
Level 4. Prodigy
Answered 3w 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.
👍 1

Citibank

SG Budget Babe

Citi Cash Back Plus Card

Credit Cards

JJ
JJ
Level 3. Wonderkid
Answered 2w ago
I wouldnt push cards for the sake of doing them, but maybe the following questions would help guide your answer: - How much do you spend a month, and what categories do they fall into? (this would help you ascertain if you should have a basic frills free credit card with no min spend or if you should consider cards with tiered cashback rates with min spend/month) - How many credit cards do you already own? - How do you like to be rewarded (cash back or airmiles or mix of both - rewards points) That said, also look for good offers that are offered by banks and aggregators before signing up for a card (similar to hotel bookings). (e.g. choose between $250 paynow from singsaver or 4.5% cashback from citi directly)
👍 0

Grab

Multi Currency Cards

MileLion

SG Budget Babe

Credit Cards

Choon Yuan Chan
Choon Yuan Chan
Level 9. God of Wisdom
Updated on 15 Dec 2019
Grabpay Card is good to get because it allows you to Top up into YOUTRIP (for now). Youtrip can function as a physical mastercard and as an EZ link card. This means you can use the youtrip card to pay for most of your expenditure at stores and EZ link; while yet getting outsized cash rebates and airmiles for topping into grabpay Secondly the grabpay card itself allows you to pay for online mobile bills and purchases. On top of it, it earns you equivalent airmiles at 1.8+ miles per dollar (for platinum members) or about 1.5% cashback in grab credits for rides.
👍 9
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