Wedding

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Wedding

Miles

Aaron Wong
Aaron Wong, Founder at The Milelion
Level 3. Wonderkid
Answered on 09 Apr 2019
I would max out my sign up bonuses. Check out the full list here, and remember that both you and your spouse can get one sign up bonus each if you can individually hit the minimum spend https://milelion.com/credit-cards/current-credit-card-signup-bonuses/

Family

Wedding

Lifestyle

Property

Resale HDB

HDB BTO

HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 8. Wizard
Updated on 18 Mar 2019
Congratulations for getting new house😃 Some opinions and suggestions below : 4 rooms HDB as the size different lies within the bigger living room space. So whether you have 2 kids or 4 kids, makes no different since the number of bedroom remains at 3 (be it 4 or 5 room HDB) ( where parents take 1 and kids takes the other 1 or 2 room alone or share). Unless older 5 room HDB, then it might possible to have 4 bedrooms. On the other hand, other factors to consider too: (A) Cost Not only price of 5 cost more than 4, any extra ongoing monthly maintanance cost and annual property tax is also higher for 5 than 4. Over long terms it also adds to quite a sum. The annual incentives such as those packages announce with Budget such as GST voucher, S&CC rebate is more for 4 than 5 rooms HDB. Thus quite a substantial savings on going to keep cost low monthly. (B) Cleaning Though only smaller living room space, the extra maintenance is also an effort monthly for as long as you own them. (C) Selling demands In the future, if you're thinking of selling to upgrade , 4 rooms demand is always more than 5 rooms due to smaller family nucleus and lower cost. Finally , if you're looking at BTO over resell , the space BTO 4 vs 5 could make a big difference. As much as possible , find out the total size and go to a similar flat layout of your friends to take a look and get a feel of the size to choose the most comfortable size. Cheers

Lifestyle

Wedding

Credit Card

Kenneth Fong
Kenneth Fong,
Top Contributor

Top Contributor (May)

Level 5. Genius
Updated 2w ago
A bit late to the game, but for anyone else looking for the best credit card when paying for a wedding banquet, you have a couple of options. First, ask if you can spread the credit card payment for your wedding expense over a few months. If you can, then: 1) For cashback/ rebates - UOB One Card Gives you up to 5% rebate on $2000 per month spent (min 5 purchases) but take note that you have to make payments for 3 months (based on qualifying quarters). If you need to make a lump sum payment eg. a huge deposit on your wedding banquet then: 1) For cashback/rebates - AMEX True Cashback Card You get 1.5% cashback on ALL purchases. Plus they usually have a welcome bonus of eg. 3% Cashback on up to a total of $5,000 spend in your first 6 months. 2) For miles - Citi Premier Miles Visa Card A new signup usually gives something like 30,000 miles if you fulfil a minimum spend ($7,500) within 3 months from date of card approval. I personally used this to finance our tickets for our honeymoon. Here's a good comparison done by Seedly: Save Money On Your Wedding Banquet: Credit Cards You Should be Using!

Lifestyle

Wedding

Credit Card

AMA SG Budget Babe

Albert Millardo
Albert Millardo,
Level 3. Wonderkid
Answered on 05 Sep 2018
My card strategy for my wedding payment: 1. UOB One Card Ask if your wedding venue (most hotels should be okay), if they allow you to pay monthly up to your wedding day. If yes, then you can maximize by charging the card $2k for every month and that will give you 5% rebate. Note: UOB One Card requires 5 transactions per month to qualify for the rebate (just simply buy water at NTUC also can :p) AND please check your statement quarter as the rebate is calculated per quarter basis and missing one of the month in the quarter will disqualify the rebate. 2. DBS Debit Visa Paywave / Contactless (Beep Beep Kaching promo) This is good for small items that you might need for your wedding as this debit card can give you 10% rebate (promo til end of September) or 5% (normal rebate). Note: Minimum spending of $400 and maximum $50 rebate. Only transactions below $200 will be considered for the cash rebate, so if the amount is more than $200, ask the merchant if can split into several transactions. I've tried with my bridal studio and managed to split into 6-7 transactions for $2k bill so I can maximise both me and my fiance rebates :) 3. Amex True Cashback For everything else. New sign up will give you 3% rebate for the first 6months with maximum of $5k. So you can utilize this til you hit $5k. After 6 months or beyond $5k will only earn you 1.5%. 4. HSBC Advance Card For everything else. Spending above $2k will give you 2.5% which is 1% higher than Amex True normal rebate or StandChart Unlimited. The cashback is capped with total spending of $2800 though. So do not spend more than that, unless you have an Advance banking relationship with them. Then it's different story. 5. SC Unlimited Card For everything else after you hit all the above. This card will give you 1.5% rebate, similar to Amex True Cashback. However not all merchants accept Amex. So it's good to have this just in case. No cap on the cash rebate. 6. SC Manhattan Card This card is actually discontinued. However if you have this card then you can use this as it will give 3% cash rebate per quarter. I forgot the mechanics to maximise it so please check it online! Extra tips: Sign up credit cards from third party site such as: SingSaver, BankBazaar, MoneySmart, Finty, GoBear. All these sites will normally give you extra perks such as cash gift / capita vouchers / ntuc vouchers etc on top of the welcome gift from the bank by signing up through them. Compare the gifts given for each site and decide :).

Wedding

Dawn Fiona
Dawn Fiona,
Level 5. Genius
Updated 2w ago
The biggest expenditure will be the dinner or lunch banquet for sure. Hotels are damn overpriced imo. I did my own budget wedding and pulled off a dinner banquet for under $100 per guest inclusive of venue, set up, decor, fresh flowers, a flower arch, a wide spread of food, and even a dessert table! Tips on how to do so, what's worth spending and what's worth cutting all here: http://www.sgbudgetbabe.com/2017/04/budgetweddings.html?m=1 Also has one with how to pull off for under $10k too if you want haha.

Lifestyle

Wedding

Bank Account

Yong Kah Hwee
Yong Kah Hwee,
Level 6. Master
Answered on 21 Sep 2018
I would recommend the DBS multiplier. using a joint account would make it such that both of you get to earn more interest! you can check out how here: http://thefinance.sg/2018/04/16/dbs-multiplier-ssbs-joint-account-higher-interest/ Upvote me if i helped! thanks!! :)

Lifestyle

Wedding

Kok Koon
Kok Koon,
Level 5. Genius
Answered on 01 Aug 2018
We budgeted $60-$70k to bankroll the wedding. Another amount for housing and reno on the same year - so it was quite intense. Planning ahead makes quite a bit of difference: 1. Deals hunt: - Proposal ring, bought from Kim Seng at Lower Delta - no shopfront. Saved 20% for similar cut/carat/whatver Cs vs shopping in the malls. Savings went to wedding bands. - Pre+Actual day Photography and videography from JB - 3 days in total, unlimited digital photos (changed album to additional frames): Under $4k. Thanks wife. - Gown (2 MTM) + Jacket (including father + brothers) rental: $2k. Thanks wife. - Got a great deal for dinner at Orchard Central on a Sunday night at a Saturday lunch price. About 15% savings: this is the most major (pardon the bad england) savings and gave us the biggest buffer. Thanks wife! 2. Financing hacks - UOB One Card + SC's Manhatten cashback for banquet monthly installment. 3-5%. UOB card alone got us 2 free tables (out of 40 tables). - Staggered FDs expiring. Up to 12 months before, I had 3 tranches of FDs expiring in 12, 6 and 3 months to pay for wedding and reno. This lets you keep the FD to gain the full interest instead of breaking one big FD up and lose interest for the entire amount (modified strategy from ASSI). 3. DIYs + Family & Friends - We accepted any help offered to us especially from friends who really wanted to contributed to parts of our celebrations. We saved on flora decors and car as they were offered. Savings: Hundreds. Thanks wife! - Invite design (Canva- beautiful & FREE) + Postcard Invite Print (Gogoprint - $65) - Fake flowers and photobooth stand from taobao. We saved hundreds vs buying fresh flowers and paid it forward to other couples and the flowers have now graced 3 other weddings. Likely 2 more to go. Talk about major ROI. 4. Guest list control + reminders - Hotels has 1-2 table buffers in case you don't need all to open up. We save exactly the 2 standby tables as we kept the guest list very tight. This was where my hobby skills came to good use: i. Create a website for RSVP collecting mobile numbers (got photos, our story and an opt-in if they want to receive hard copy). We said save the trees and it saved us some printing costs from here. But some folks still like printed invites so make sure you still budget a bit there. The hosting, templates costs less than $100. I created separate pages for church-only, dinner-only and church+dinner guest pages for us and our parents to send to their invitees. ii. Use a bulk sms service to remind guests. Google local service providers and write in to them. They usually sell in bulk, like $500 for 10,000 sms credits. But I wrote in and got a congratulatory reply from the CEO and got a special deal - they let me buy 1000 smses for $50. 1000 was about enough to send one confirmation with details sms and one reminder sms two weeks prior. I believe this was the best $50 spent on the wedding cos it reduced the last min no-show by quite a lot. PM me if you want the email template 5. Psychological defence a. As a Seedly-principled member prior to joining the FB group, I was (still am) adverse to spending on something that has no practical returns and we weren't expecting any financial help from parents while we were planning it. If I had it my way, the wedding should have cost less than $5000. But I'm not the only party involved. Marriage is 2 families coming together. Our decision was based on honouring our parents. One of my friend rightly reminded me that we didn't have any excuse not to do it, it wasn't as if we were struggling. He also said that in his experience, the parents and relatives will remember what we did and didn't do for our wedding. And you'd be sure you get reminded every festivities. I took his advice to heart. b. Another friend said, whatever your budget is, assume you can only recover 50%. Anything else treat it like a bonus. c. Also, prepare for budget overblown. This helps tremendously psychologically as we did blow the budget by about 10% - something you must factor in your planning. Epilogue: We are glad to say we more than recovered the amount spent. So it FELT like a windfall. XD We are also glad we did what we did as some of our guests still come up to us and told us how meaningful the wedding was months down the road when we met at work at homes. Everyone's financial, family and 'face' situation is different but remember, wedding is a day and marriage is a lifetime. Seedly focuses on finances but it's just one-dimension. Work on the budget you set aside and focus on WHY you want to do the wedding. Focus on the people you want to create the experience for. Memories don't need to be extravagant. They need to be thoughtful and meaning

Lifestyle

Wedding

AMA SG Budget Babe

Dawn Fiona
Dawn Fiona,
Level 5. Genius
Answered on 14 Aug 2018
Talk to your parents, set limits, and try to reach a compromise. I put my foot down on my parents inviting their colleagues - to me, the priority for guests was first direct family (no distant cousins whom I've not seen or hardly see, please), then friends and our colleagues, followed by my parents friends, then their colleagues. Some try the route of making their parents pay, but I don't think that's very nice la cos our parents don't earn a lot, so we didn't impose that. To each their own. We allocated a limited number per category outside of direct family. So if my parents wanted to invite more people, sure, but only if we have enough seats left. As it turned out, there was enough to go around for everyone in the end cos we opted for a caterer instead of a hotel banquet :)

Lifestyle

Wedding

AMA SG Budget Babe

Dawn Fiona
Dawn Fiona,
Level 5. Genius
Answered on 14 Aug 2018
You need to respect your partner's wishes, and have a conversation with her so both of you can find a good compromise. Hopefully all these which I've written on budget weddings will help you! covers topics from budget proposal, budget wedding venues, having your dream wedding at a fraction of the price, etc. Will she be okay with a local PWS or does she want overseas shoot? Does she expect designer gowns or is she okay to rent, or even get from Taobao? all resources here: http://www.sgbudgetbabe.com/2017/04/budgetweddings.html Proposal: does she want simple or lavish? real or lab-made diamond? fireworks? videographer to capture the moment? Wedding: don't forget to include and respect your respective parents' wishes as well! my husband and I had to really talk to them to compromise cos my mom insisted on a hotel banquet at first and I was like NOOOOOOOOOO! My biggest tip is, if it is possible for you, to go with a event venue rental + catered food. I LOVE and absolutely recommend Manna Pot for their wedding catering, they're one of the best and most affordable in the industry! Have fun! Don't forget this golden advice: a wedding is for a day but a marriage is for a lifetime. My husband and I decided to spend more on our marriage than our one-day wedding to impress people. And when I look back, I still think I achieved my dream wedding, even though it was quite different from the one I had envisioned it to be while growing up as a child :)
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