Have you created a budget in the past? Were you able to firmly follow through? What were the obstacles that you have experienced? It comes as no surprise that budgeting is no easy feat! It is a strategic task that encourages cutting down of your expenses. Furthermore, you must find a way to still enjoy the money you earn. Striking a balance between your needs and wants can be stressful for some. So, where must you start? Start accept your
$1 BILLION OF GST VOUCHERS AND MEDISAVE TOP-UPS FOR 1.6 MILLION SINGAPOREANS The Ministry of Finance has announced in a press release that a total of 1.6 million eligible citizens will receive notifications by 6 July 2018 on their 2018 GST Voucher (GSTV) benefits and MediSave top-ups. Citizens may also use SingPass to view their GSTV – Cash and MediSave benefits online at www.gstvoucher.gov.sg. Similar to the notification exercise last year, citizens with mobile numbers updated with SingPass will receive SMS notifications.
Many of us know the importance of personal financial planning, but do not know how or where to get started. Some of us are hesitant to approach a financial consultant for advice, in fear of being pressurized to commit to a financial product. Some of us may seek out advice or recommendations from our friends, family members, and colleagues, but the advice may not always be suited to our personal needs. Many of us are put off, or even intimidated,
Generally speaking, a financial plan is a comprehensive evaluation of an individual’s current and future financial state. Crafting a financial plan involves using known variables to predict income, asset values, and withdrawal plans. Thus, you have to go through a series of steps to adjust your savings and spending habits. Here are just some of the steps: STEP 1: KNOW WHERE YOUR MONEY GOES Your top priority is to develop a detailed list of where your money is heading to.
You are a responsible adult living in the most expensive city in the world. With this in mind, how much money should you have in your savings account? This may sound like a basic financial query, but it is hard to extract a straight answer from it. Make things simple by aligning your goals with the volume of your savings. Here are just some goals that you may tap with: GOAL #1: BUILDING A SAFE NEST FOR THE GOLDEN YEARS