Forex trading is a popular investment activity among Singaporeans, and the city-state has established itself as a hub for foreign exchange trading in the region. Singapore’s location at the crossroads of major trading routes, coupled with its advanced financial infrastructure, has made it an attractive destination for traders worldwide. In October, it was announced by The Monetary Authority of Singapore (MAS) that the average daily trading volumes (ADTV) for foreign exchange (FX) in Singapore had risen to US$929 billion in
Importance of Estate Planning in Singapore
“My siblings are already fighting over my properties even though I’m still alive,” my uncle joked, acknowledging the numerous businesses and properties he owns. He stressed the importance of securing a competent lawyer to ensure his assets are distributed fairly. You see, he plans to use his resources to establish a foundation dedicated to supporting vulnerable communities, particularly children who have been abandoned by their parents. This charitable endeavor holds a special place in his heart. He wants to ensure
Benefits & Drawbacks of Using Cash Versus Credit Cards in Singapore
KEY HIGHLIGHTS a. Paying with cash can encourage mindful spending, as it lacks the convenience that credit cards have. b. Credit cards have security features and a rewards program, which cash does not have. c. Interest charges and late payment fees can pile up if you don’t pay off your credit card balance on time. With the easing of travel restrictions, you are hearing more family and friends discuss their latest holiday plans. Some may even brag about the “free
Simple ways to save money every month starting today
I’ll splurge today and save tomorrow. Sounds familiar? But having the mindset of doing things “later” almost always turns into “never.” And if that’s you, this post is for you. Automate savings I don’t automate savings because I don’t see the need to. But those with a fixed paycheck and on rather fixed pay dates may find it useful. For instance, DBS has this eMySavings Account which promises “higher interest when you save more each month.” You can save any
A student’s guide to navigating student loan repayment
Congrats on graduating! Now, it’s time to face the reality of having to pay back your student loan. And on top of the need to secure a job so you can manage your monthly repayments. Feeling clueless about how to go about handling this? Here’s a simple student guide to navigating student loan repayment so stop worrying and start reading. Budgeting starts now If you’re the sort that earns a dollar and then spends a dollar, something’s got to change.