The first thing to get out of the way is probably the number in the title- yes, it’s not 3.88% which is what most readers would have expected. I will explain that later in the blogpost on my unfortunate timing. On 1 March 2023, I proceeded to invest a decent chunk of my excess funds in CPF Ordinary Account (‘OA’) into a time deposit (fixed deposit) at 3.55% for a 5-month tenure. I will share my ... continue reading...
Review of Great Eastern’s GREAT SP Series 10 – Guaranteed 4% Return!
After almost a year of high inflation that is proving to be persistently sticky, I cannot emphasize how important it is to ensure that your cash savings are working harder than ever. The biggest mistake would be to leave the cash idle earning next to nothing and seeing inflation erode your purchasing power. Moreover, in a rising interest rate macro-environment, it literally pays to be a saver ... continue reading...
How Singapore Budget 2023 Affects My Family Financially
The dust on Singapore Budget 2023 has finally settled down with many commentaries already published. Even with these helpful articles, I admit that it can be difficult to remember and grasp the slew of new policies announced. That is why I tried out the Budget Calculator (it's really intuitive, do try it out) developed by Gov.tech to find out how much goodies I will be getting. This is how ... continue reading...
I made a successful personal accident claim against my child insurance policy
4 years ago, I wrote an article explaining the different types of insurance policies that I bought for my baby. It includes a Personal Accident policy that provides coverage against any bodily injury resulting directly from an accident. I have always thought that it is financially prudent to get such a policy as children, especially toddlers, are prone to the occasional knocks and falls. The ... continue reading...
How My Parents Receive $1200 From The CPF Matched Retirement Savings Scheme (MRSS)
Recall that I stated one of my top 10 highlights in 2022 was helping my parents obtained Singapore Citizenship? Over the past year, they have begun to appreciate the numerous benefits of being a citizen on this little island. For instance, they received payouts from the GST Assurance Package, have been enjoying subsidized medical and transportation fees etc. Now they can add another feather to the ... continue reading...
