5 Things to Consider Before Getting a Personal Loan

Personal loan is one of the most sought-after loans in Singapore. With a personal loan, you can borrow funds from a financial institution and pay them back in fixed instalments over an agreed period. However, you typically need to meet a minimum income requirement and to pass a background check on your credit history.

Generally, it is much cheaper to get a personal loan rather than borrowing money from a moneylender. Moreover, you will need to submit a lesser number of documents compared to other types of loans such as car or home loans. These factors contribute to the popularity of personal loans.

Apart from these, consider the following points before getting a personal loan.

#1: PERSONAL LOAN HAS A MINIMUM INCOME REQUIREMENT

The eligibility for personal loan incorporates your income and your age. You need to pass the minimum income requirement (e.g., S$30,000 per annum) and the age requirement (i.e., usually under 60 years old). These strict requirements ensure that you will be capable of paying off the loans and that you will be paying on time.

#2: PERSONAL LOAN IS NOT FOR EVERYONE

Now that you know the basics of personal loans, you must remember that it is not for everyone. You need to contemplate the purpose of the loan before getting one. Compute for the monthly fees and other charges.

You see, it is better to use your extra funds if you intend to use the loan for lifestyle desires. Lifestyle desires include purchasing a new gadget or booking an international cruise. On the other hand, you need to carefully assess your business plan and financial situation if you intend to use the money for business and investment.

#3: PERSONAL LOANS CAN MAKE OR BREAK YOUR CREDIT STANDING

Examine your credit standing as it affects your personal loan application. Paying your dues on time is one way to keep your credit score on the good side. In contrast, accumulated monthly charges and overdue payments add red flags to your credit score. As a new applicant, carefully consider the terms and conditions of the bank.

#4: PERSONAL LOANS COME WITH SERVICE FEES AND OTHER CHARGES

Do not be fooled by the attractive loan prices flashed by the banks and financial institutions. You can end up paying more money due to service fees and other charges. You will pay the monthly fees along with the effective interest rates. If you plan to pay by cheques, returned checks can also be charged. Thus, new applicants must consider other forms of payment such as mobile banking.

#5: PERSONAL LOANS SHOULD BE YOUR LAST RESORT

Building an emergency fund is a part of the fundamentals of being financially savvy. When an unfortunate event takes a toll on your finances, you still have reserves. If your emergency funds have depleted, personal loans should be your last resort.

Avoid spending your personal loan to impress other people with your new gadget or with a grand getaway. Spend your extra funds on your lifestyle desires instead of borrowing money.

Personal loans have a variety of advantages and disadvantages. We hope that you can manage your finances well if you decide to avail yourself of a personal loan in the future.

Sources: 1 & 2

 

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Bad news on the horizon? Here’s how to steel yourself

a lady contemplating

It’s never easy to hear bad news, especially when it’s something we’re not prepared for. But what can be even harder is trying to brace yourself for it.

Whether you’ve been anticipating some bad news for a while or it comes as a total shock, it’s crucial to know how to deal with the emotions that come along with it. You don’t have to face it alone.

In this article, we will give you some tips on how to brace yourself for bad news.

Why is it so difficult?

It’s difficult to know what to say when you’re the one receiving such announcements. You might be feeling a range of emotions, from shock and disbelief to anger and devastation.

Some people find it helpful to talk to someone they trust, while others prefer to be alone. Some people like to cry, while others bottle everything up inside. Just be sure to give yourself time to process what happened. Don’t try to rush things or make any decisions until you’ve had a chance to calm down and think things through.

The emotional stages involved
a man in deep thought

Image Credits: unsplash.com

It’s tough to receive bad news, especially when it’s unexpected. But you can brace yourself for it by understanding the emotional stages that come with it. There are usually five stages: denial, anger, bargaining, depression, and acceptance.

It’s slightly distinct for everyone, but most people go through these stages in some form or another. It’s necessary to understand that these are natural reactions to complicated information. It doesn’t mean that you’re weak or that you’re not handling the situation well. It’s just a part of the process.

What you can do to prepare for bad news

It’s hard not to feel anxious when you know bad news is on the horizon. But by preparing yourself, you can minimize the emotional impact.

Here are three things you can do to steel yourself:

  • Give yourself time to grieve. Allow yourself to mourn the loss, whatever it may be.
  • Seek out support from friends and family members. They can provide a listening ear and a shoulder to cry on when things get tough.
  • Anticipate the feeling of shock. When you first hear them, it’s natural to feel like you’ve been punched in the stomach. So be prepared for that initial wave of shock, which may eventually give way to other emotions like fear, anger, and sadness.

Bad news is never easy to hear, but sometimes it’s unavoidable. If you’re facing it head-on, take a deep breath and try to stay calm. Panicking will only make the situation worse. Stay positive. Even if things seem bad right now, remember that there’s always light at the end of the tunnel. Whatever you do, don’t try to bear the weight of alarming info on your own. With the abovementioned tips, you will be better equipped to handle anything that comes your way.

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The Ageless Capsule Wardrobe: A collaboration between YACHT 21 and a 66-year-old “granfluencer”

The Ageless Capsule Wardrobe

Are you in search of trendy, minimalistic, and multi-functional pieces for everyday wear?

Then you will love The Ageless Capsule Wardrobe, a collection by YACHT 21 in collaboration with 66-year-old “granfluencer” Ong Bee Yan, also known as @grey_evolution on Instagram.

 

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A post shared by Yan Ong (@grey_evolution)

We’ve picked out some of the best from the exclusive collaboration we think you will love.

Denim Kimono Outerwear

Denim Kimono Outerwear

Now: $95

Oversized and effortlessly cool, this Denim Kimono Outerwear is the perfect topper for your everyday look. Made from denim fabric, this gender-neutral kimono features drop shoulder detail and functional front pockets. Throw it over a t-shirt and bottom for a put-together look that requires minimal effort. Spice up your outfit coordination with this versatile and stylish denim kimono outerwear today!

Morpho Butterfly Maxi Dress

Morpho Butterfly Maxi Dress

Now: $95

A little bit of whimsy. A whole lot of wow. This Morpho Butterfly Maxi dress will have you turning heads all day long. The flattering A-line dress is made even better with the addition of functional side pockets. The real star of the show, though, is the morpho butterfly patterns. In a world where we could all use a little more beauty, this dress is a step in the right direction.

Crew-Neck Side Slit Cotton Shirt Dress

Crew-Neck Side Slit Cotton Shirt Dress

Now: $89

From work to the weekend, this shirt dress is your new go-to. The timeless silhouette is made unique with cut-out detail at the back, and the high-low hem with slits on both sides gives it a fun and flattering finish. The cotton fabric is soft and breathable, making it perfect for warmer days. Whether you’re wearing it to the office or out for brunch, this dress is sure to impress.

Crew-Neck Sleeveless Cotton Sweat Top

Crew-Neck Sleeveless Cotton Sweat Top

Now: $55

An amazing and stylish take on the classic American-style sweatshirt. With an asymmetric hem detail and ribbed triangle design under the neckline, this top gives you a unique and contemporary look. The slight stretch ensures a comfy fit, while the cotton fabric makes it ideal for everyday wear. Whether you’re running errands or reporting to the office on Fridays, this top is a must-have for your casual wardrobe.

Belted Linen Viscose Vest Top in Sand Beige

Belted Linen Viscose Vest Top in Sand Beige

Now: $89

Intentionally relaxed and comfortable, the Belted Linen Viscose Vest Top is a great addition to your wardrobe. Made from a blend of viscose and linen, this top is both lightweight and breathable, apt for those hot summer days. The detachable self-tie sash belt cinches your waist for a flattering fit, while the front functional pockets add a touch of practicality. With its neutral sand beige hue, this top can be dressed up or down to suit any occasion.

For the full collection, click through the link to shop: The Ageless Capsule Wardrobe – Y21 x grey_evolution.

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Smart ways to save money on makeup

makeup products

Fashion trends come and go, but one thing that remains constant is the cost of makeup.

The good news is that there are plenty of ways to save money on makeup without having to sacrifice quality.

In this post, we will share some tips on how to save money on makeup without compromising your look. So whether you’re a makeup lover or just looking to save a little extra cash, read on for some helpful recommendations.

DIY your makeup

All you need is a few simple ingredients, and you can create a blush, eyeshadow, or lipstick that’s perfect for you. Apart from being a great way to save money, it’s also a fun way to experiment with new colors and textures. Search online for “recipes” and get creative with mixing up your own!

Invest in quality over quantity

Rather than buying a bunch of drugstore brands, you should save up and purchase a few high-quality products. Not only will they last longer, but they will also give you better results. So what are some high-quality makeup brands? We’re glad you asked! Some of the best brands used by ladies worldwide include MAC, NARS, and Bobbi Brown.

Join beauty subscription boxes

 

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A post shared by Kinder Beauty Box (@kinderbeautybox)

If you’re like most women, you love buying new makeup products. The trouble is, those products can get a little expensive, especially if you’re someone who likes to keep up with the latest trends.

But there is a way to save money on makeup without having to sacrifice quality or style: join a beauty subscription box. These boxes are like mini-beauty stores that send you a new selection of makeup products each month. And the best part is, they usually cost far less than buying those products individually and have you risk not liking them.

Use what you have before buying anything new

For example, if you have an eyeshadow palette that you love, try using those colors in new combinations. Or if you have a lipstick that’s your favorite, experiment with different ways to wear it. By using what you have before buying anything new, you will be able to stretch your makeup budget a lot further.

Compare prices online and shop at discount stores

When it comes to buying makeup, one of the smartest things you can do is compare prices online. That way, you can get an idea of what’s a fair price, and then you can head to a discount store to see if they have any deals. Another thing you can do is wait for sales. Most makeup brands have sales at least once a year, so you can stock up on your favorite products then.

You don’t have to forgo your love for new makeup products to save money. There are plenty of ways to cut costs without having to sacrifice your beauty routine. Look out for great deals online, especially during the holiday season. And as a bonus suggestion before we go, why not consider buying in bulk? If you have a preferred lipstick or blush, purchase several at once to get them at a discounted price!

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How gaming can improve your memory, focus, and problem-solving skills

a guy playing video games

You may have heard that excessive gaming is bad for you, but did you know that it can be good for your brain when played in moderation? It’s true! In fact, studies have shown that gaming can even have a positive impact on the development of the brain.

So if you’re looking for ways to strengthen your brain, gaming may be a good option for you. In this post, we will discuss the benefits of gaming and how you can use them to improve your memory, focus, and problem-solving skills.

Can gaming make you smarter?

Yes, to a certain extent. One study found that surgeons who play video games make fewer mistakes during surgery. And another study showed that children who played video games regularly had better attention spans and were more able to focus on tasks.

Are there any risks to playing too much?

You might be wondering if there are any risks to playing too much. Well, it depends. Like anything else, gaming in moderation is perfectly fine. However, if you’re spending hours upon hours in front of the screen, that’s when you might start to experience some negative effects. Too much gaming can lead to problems with socializing, sleeping, and studying.

What are the benefits of gaming for the brain?

Gamers often get a bad rap, but the truth is that, when you’re playing a game, your brain is constantly working to figure out the puzzle or problem in front of you. This requires focus and concentration, and over time, it can help strengthen these skills and beyond.

In addition, gaming can also help improve your hand-eye coordination and reaction time. This is because when you’re playing a game, you’re constantly responding to what’s happening on the screen. And the more you do this, the faster and more accurately your brain will answer in return.

How can gaming help with dementia and Alzheimer’s?
playing a video soccer game

Image Credits: motion4lifefitness.com

It’s no secret that gaming can be addictive. But what you may not know is that gaming can be advantageous in the treatment of dementia and Alzheimer’s.

One theory is that gaming helps to stimulate the brain, which in turn helps to improve cognitive function. Another theory is that gaming helps to enhance brain connectivity, which can help to slow the progression of dementia and Alzheimer’s. Either way, gaming can have a favorable effect on the brain.

In summary, gaming can help improve your memory, focus, and problem-solving skills. It’s been proven that gaming can have a positive impact on the brain – but only if it’s done in restraint. So, if you’re looking for ways to help strengthen your brain, gaming is a great option. Just be sure to avoid overindulging, and you will reap the benefits of a sharper mind.

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