What will some of you guys do with the $300 GST NOV payout cash? - Seedly
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Savings

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Goods & Services Tax (GST)

Mimi J

Asked on 29 Oct 2019

What will some of you guys do with the $300 GST NOV payout cash?

Is it ok to spent $100 for JB and then safe keep $200 in Stand Chart Jumpstart Account? Since I’m just working part-time for now:)

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Terence Tan - Financial Services Consultant At Manulife Financial Advisors
Terence Tan - Financial Services Consultant At Manulife Financial Advisors, Financial Services Consultant at Manulife Financial Advisors
Level 4. Prodigy
Answered on 30 Oct 2019

Hi Anon

I feel that’s a great idea. Take part of the money to go for a short trip and enjoy yourself

Another thing you could do is take $50 and put it in a Smartly robo-investor account. That way you can earn a little more interest.

Then place the $150 in a StandChart Jumpstart account that gives 2% PA

To boost it, can try saving additional 15-20% of all your income. This way you can build a savings habit too!

Hope this helps!

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Alphonsus
Alphonsus
Level 4. Prodigy
Answered on 21 Nov 2019

Of course it’s ok to spend a little on travel! Good to save the $200 for future use or investment.

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Vivian
Level 4. Prodigy
Answered on 21 Nov 2019

Pay off credit card bill if u hv any. Any extra, spend on something u like n save the rest.

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Furball
Level 4. Prodigy
Answered on 20 Nov 2019

I'm glad you remember to save a portion of it and also to treat yourself a little. Enjoy!

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Elijah Lee
Elijah Lee

21 Nov 2019

Well, it works for me :)
F
Furball

22 Nov 2019

👍Love to learn more from you! 😜

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