4 Things to Consider Before Living Near Your Child’s School

Singaporean parents want to provide their children the leverage in life through providing quality education. Some parents are willing to spend their savings to move to a property within proximity of their chosen primary school.

The question remains, is it really worth it to move near your child’s school to increase his or her chances of getting in?

#1: AMENITIES IN SCHOOL ZONES ARE PRICIER

Living near your chosen primary school is convenient for commuting. However, being near the school zone comes with other inconveniences such as noise and traffic in the morning.

Elite primary schools tend to be situated in prime districts. Properties in the prime districts are expensive. For instance, ACS Junior in Newton is surrounded by private properties amounting to S$3-7 million. Apart from shelling out millions, it is not uncommon for supermarkets or MRT stations to be further away from residential areas. In contrast, neighborhood schools are often surrounded by HDB Developments.

#2: PRIORITY ADMISSION IS NOT GUARANTEED

Staying near your chosen school does not immediately guarantee that you will be given the slot, which is why many parents are hoping to improve their chances by participating in volunteer work. If you cannot get into your preferred school and have no alternative options nearby, that means that you could be facing a lock-in period of at least three to five years as part of the home loan agreement.

On the other hand, if you can successfully secure a place for your child due to proximity, you will need to stay at the address for at least thirty months from the start of the registration exercise as required by the Ministry of Education.

#3: SOCIAL SUPPORT CAN BE A FACTOR

Apart from prioritizing quality education, childcare should also be a factor in planting your roots. Do you opt to live near the homes of your parents and in-laws? If so, you will be able to ask for their support after school hours. For instance, your child can go over to his or her grandparents’ home after school.

#4: ASSESSING PROPERTY MARKET PRICE CAN MAXIMIZE PROFIT

If you found a home within a kilometer away from your chosen primary school, you will reap its rentability and value benefits. Many parents would want to rent a flat near their children’s school.

A study done by NUS found that 1.4% and 6.9% price declines of private and HDB homes, respectively, within 1km of a school that relocates. Apart from your proximity to the school, it is essential to assess a property’s size, age, and nearby amenities to ensure a tidy profit once you decide to rent it out or to sell it in the future.

For owners of private properties, you can seek the help of licensed appraisers who are members of the Singapore Institute of Surveyors and Valuers to determine your property’s valuation. While HDB homeowners should not worry about researching the valuation cost as they can get a valuation report on their unit from the HDB office.

Image Credits: unsplash.com

BOTTOMLINE

Choosing where to live is a personal decision. Consider all the factors that will affect your move. Some people are content with being near any primary school, while others feel that getting a good start in life is tied to an elite primary school. The choice is up to you.

Sources: 1 & 2

 

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How to Score Major Savings When Shopping Online

Online retailers are becoming increasingly creative these days with their flash sales and discount vouchers.

Thus, hunting for the best price online can seem like a chore. However, if you are a savvy deal hunter, you can use these clever shopping tips to earn discounts with minimum effort!

#1: CREATE A SHOPPING LIST

Have a clear idea of what you desire before shopping online. Create a list to stay focused and to steer away from unnecessary items. By listing down your potential purchases and prioritizing your needs, you can achieve your financial goal.

Keep in mind that the cheapest option may not always be the best. You need to consider quality and sustainability. For instance, purchase a laptop because of its specifications and not its price tag. There is no harm in shopping around to get the best price!

#2: COMPARE THE PRICES

Speaking of shopping around, you can get great deals by comparing prices online. Check different websites when shopping or use price comparison websites.

There are lots of price comparison websites, which consist of search functions to help you quickly uncover the lowest price. A website you can visit is iprice.sg.

#3: FOLLOW YOUR FAVORITE BRANDS

Similar to reading newsletters, companies often use social media to provide exclusive promotions and deals to their followers. You will be the first to hear about these deals, which is a key factor when deals are available in limited quantities.

You can also join giveaways and contests when you follow your favorite brands on social media. Who knows? You might just get your favorite products for free!

#4: TIME YOUR SHOPPING ACTIVITIES

Do not check out your items on a tempting, lazy Sunday. Most stores roll out their discounts and deals on Wednesdays, Thursdays, and Fridays. Be vigilant these days.

It is a different story for airline tickets. Tickets are most expensive on Mondays and cheapest on Sundays. According to Airlines Reporting Corporation, Sundays offer the cheapest round-trip tickets.

#5: PUT A WAITING PERIOD FOR YOUR ITEMS

To increase awareness about shopping, consider putting an item in your cart and letting it stay there for a day. The waiting period will allow you to contemplate whether you want to purchase the item or not. Moreover, some brands will email you regarding your abandoned cart and provide you with better options or discount coupons.

Not all brands do this. Just be sure to enter your email address to stay updated.

#6: ESTABLISH AN ONLINE SHOPPING BUDGET

If you are building up your savings or having trouble with money now, you need to create a shopping budget. Having a plan in place will help you avoid temptations such as “buy one take one” or “free shipping with no minimum amount spent”.

Image Credits: unsplash.com

Remember that your budget is closely tied to your shopping list. The essential items needed to be bought online should be prioritized. Create categories for your shopping list and prioritize items that are necessary for your household goals. Then, set aside cash for your wants or nice to haves. See how things fit into your overall budget.

Sources: 1, 2, & 3

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Costly Investing Mistakes to Avoid in 2022

All of us will likely end up making an investment decision that we will regret in the future. Despite how calculated your moves are, no investor is perfect. However, there are some errors that people have made in the past that you can learn from and avoid.

On that note, here are five critical investing mistakes to avoid at all costs.

#1: INVESTING WITHOUT ESTABLISHING AN EMERGENCY FUND

Having a sense of financial security in case your investment and other life choices go awry is important. Before you begin investing, ensure that you have established an emergency fund. To get an idea of how much you should set aside, you should first calculate your monthly expenses.

If you are single and primarily responsible for your own well-being, you can have at least three months of expenses saved up. If you have a family, you must aim to have at least six months’ worth saved up to be on the safer side.

#2: PUTTING ALL YOUR SAVINGS INTO CRYPTO

The buzz about cryptocurrency can attract both aggressive and conservative investors. Reports of incredible gains in the crypto sector dominate the financial news, with uniquely named tokens such as Shiba Inu posting returns of forty-three million percent in 2021 alone. Hearing these types of returns can tempt the investors who are looking for a quick buck and are drawn to cryptocurrency.

While there is nothing wrong with investing a portion of your wealth in cryptocurrency, putting your savings into a single investment comes with elevated levels of risk. What will happen to you if cryptocurrency plunges down?

#3: TRYING TO TIME THE MARKET

Timing the market consistently over the long run is close to impossible. Investors may think that they can always time the market, but you must be realistic. As the saying goes: “Time in the market is more important than timing the market.” Instead of timing the market, you can take a dollar-cost averaging approach.

The dollar-cost averaging approach will enable you to invest at set, regular intervals regardless of the prices of your stocks at the time. You can take emotions out of the situation and stick to your schedule with this investment approach.

#4: FOLLOWING THE FAD

Keeping up with the investment trends can be a dangerous investment “strategy”, but it can be even riskier as we head towards the end of 2022. For instance, many investors were drawn to cryptocurrency as they were the most prominent highflyers in 2021. You must assume that others will continue to buy and push the prices up even higher, but it is difficult to decide when to sell.

Be cautious when it comes to investment trends. If you feel the need to follow the fad, just invest a small percentage of your overall portfolio.

#5: INVESTING WITHOUT A WRITTEN PLAN

Step towards 2023 with a plan on hand! As an investor, it is easy to think that investing resembles a casino. In reality, the long-term returns of the stock market are relatively reliable. To attain reliable returns, however, you will need to develop and follow an investment strategy.

Image Credits: pixabay.com

Investors are wired to be in the market when it is making new highs, but no one wants to buy if it is dropping to new lows. Having a written investment plan can help you prevent investing based on your emotions. Sticking to the written investment strategy will help you guide your decisions and follow the path of long-term financial success.

Sources: 1,2, & 3

 

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Satisfy Your Bubble Tea Cravings in These 5 Stores

Did you know that Southeast Asians spend about US$3.66 billion (i.e., S$5.1 billion) on bubble tea annually?

The Singapore-headquartered venture outfit Momentum Works and digital payments solution firm qlub’s report showed that the average price of bubble tea in Singapore is double that of the other countries in the region. The Lion City has the highest spending power despite its relatively small population.

The study gave valuable insights on the business dynamics behind bubble tea in Southeast Asia. It highlighted its largest market in the region, which is Indonesia. Indonesia had about US$1.6 billion annual turnover. Thailand came in second with US$749 million across more than 31,000 bubble tea stores and other retail channels. Vietnam ranked third with US$362 million. While Singapore came in fourth place at US$342 million. Lastly, the study found that Taiwanese and homegrown brands have “long dominated” the Southeast Asian bubble tea market.

Food trends may come and go, but our craving for sweets remains. There is a good chance that you have tried at least a couple of drinks from bubble tea stalls in Singapore, especially because of its convenience and prominence. Happy hormones sure know how to become more active when they encounter bubble tea.

On that note, here are some of the most delicious bubble tea offerings in town. Apologies in advance if you get addicted to bubble tea.

#1: THE ALLEY

Fans of brown sugar can search no further than The Alley. The Alley offers flavorful drinks with its matcha and cocoa options. If you prefer fruit teas, you can try the Lulu series of strawberry or orange infusions. Alternatively, you may opt to take an IG-worthy shot with its Aurora line of vibrant goodness.

Image Credits: facebook.com/singapore.thealley

The Alley is available in multiple locations including Jewel Changi Airport and Clementi.

#2: HEYTEA

Experience the appeal of sweet and savory mixtures once you taste Heytea’s cheese foam and tea options. Heytea also sells an array of fruit teas and unique ice cream flavors such as salted egg yolk.

Image Credits: facebook.com/HEYTEASG

Heytea is available on multiple locations including Westgate and ION Orchard.

#3: PLAYMADE

Playmade offers contemporary teas and the classics such as green tea lattes and Earl Grey milk teas. Aside from your regular tapioca pearls, Playmade introduces quirky toppings such as pearls in pink cactus, black sesame, burnt caramel and chrysanthemum varieties. As the name suggests, Playmade plays with flavors and creativity to bring twists to the bubble teas.

Image Credits: facebook.com/playmadeonezo

Playmade is available on multiple locations including Chinatown Point and Tiong Bahru.

#4: GONG CHA

When you crave bubble tea and you need instant gratification, Gong Cha is one of your best bets. With its several locations scattered in the country, Gong Cha brings familiarity with taste and consistency. Its bestsellers include Earl Grey milk tea, mango green tea and alisan milk tea, among others.

Image Credits: facebook.com/gongchasg

Gong Cha is available on multiple locations including Funan and Bugis Junction.

#5: LIHO

Homegrown brand Liho offers cheese teas and other varieties of bubble tea. It still draws in a regular crowd and keeps things fresh with its limited-edition drinks and collaborations.

Image Credits: facebook.com/lihosg/photos

Liho is available in multiple locations including Raffles City and Suntec City

Sources: 1 & 2

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What Do We Expect to See from the iPhone 14 Models

Apple is set to unveil the newest iPhone models during its event on 7 September 2022. Analysts and Apple fans have been buzzing about this launch event dubbed “Far Out”. For those of you who are in the market for a new phone, should you buy a new device right now or wait for the iPhone 14?

THE RUMORED IPHONE 14 PRO MAX

It is expected that Apple will add another 6.7-inch iPhone to its lineup this year. This phone will reportedly be a bigger version of the standard iPhone 14. Adding another 6.7-inch phone to the lineup could diminish the iPhone 14 Pro Max’s appeal. Is it necessary? Keep in mind that consumers are cutting back on spending.

To make the iPhone 14 Pro Max stand out, it is rumored that it will have a higher resolution camera, a new processor, and a redesigned camera module on the front. However, those who love bigger displays won’t have to splurge on the Pro Max as Apple is expected to release a 6.7-inch iPhone 14 Max as well this year.

With inflation putting a dent in smartphone shipments, companies like Apple may have to work harder to convince its consumers to spend more money on high-end models.

DISTINCTIONS BETWEEN STANDARD AND PRO MODELS

If the rumors are true, iPhone 14 will have a new hole-punch and pill design for its camera module. This will be the first time Apple moves away from the iPhone X front-camera module look. The new design will be exclusive to the Pro models since the standard models will likely remain the same notch that iPhone 13 has. Analyst Ross Young also verifies this report.

A15 BIONIC CHIP FOR IPHONE 14 MODELS

Respected analyst Ming-Chi Kuo said Apple might steer away from tradition this year by releasing some iPhone 14 models with the same A15 chip as the iPhone 13. The A16 chip is believed to be reserved for the more expensive models such as the iPhone 14 Pro and iPhone 14 Pro Max. As of now, it is unclear whether Apple will rebrand the A15 Bionic chip for the standard iPhone 14 phones or instead use the more powerful version found in iPhone 13 Pro.

UPGRADE ON THE FRONT-FACING CAMERA

Bloomberg’s Mark Gurman claims that Apple’s iPhone 14 Pro will get a significant camera upgrade with the smartphone’s main sensor being improved to 48-megapixels. If this is accurate, this would be one of the biggest upgrades Apple has made to the iPhone in years.

Image Credits: unsplash.com

However, Gurman says that only the Pro models will get the 48-megapixel camera upgrade, while the standard iPhone 14 models will have the existing 12-megapixel main sensor. This is the same 12-megapixel main camera sensor since the release of iPhone 6s in 2015.

Sources: 1, 2, & 3

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