Asked on 29 Oct 2019
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
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
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
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
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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Furball
22 Nov 2019
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