From ease of purchasing items to fraud protection, credit cards offer the several benefits. Just please use your plastic card responsibly! #1: RECEIVE ONE-TIME BONUSES Signing up for new credit cards will qualify you for the initial bonuses or sign-up rewards. You can new items or reward points that can be redeemed for travel, gift cards, and more. In contrast, a debit card that comes with a bank account generally offers no initial bonus or ongoing opportunity to earn rewards.
Personal debt among young Singaporeans have been rising during the COVID-19 pandemic and the situation could turn sour once the interest rates start to rise. Recent Credit Bureau Singapore data showed that people in their twenties have been taking on increasing amounts of other debt since the second quarter of 2020. The data manifested that the average personal loans and overdraft balances for those under 30 elevated by about 23% in the first quarter of this year over the last
Having money allows you to live the life you desire to live, if you spend it wisely. You have to weigh whether an item is an essential (need) or a non-essential (want) expense. In some cases, you have to spend more at the moment to save more in the long run. Certain items are worth splurging on to help you earn more money or experiences in the future. Here are just some splurges that are actually wise savings: #1: PURCHASING
Your sense of stability will be at its peak at the age of 40. During this phase, you will get more control on your finances and your family plans. You may prioritize your child’s education and sustain the needs of 3 people in your household. On the flip-side, being financially stable in your 20s is a rare sight! It is terrifying to navigate through the adult world while being confused with will happen next. Sometimes, you think you have plenty
I have to admit! Credit cards are convenient, especially at this time. However, swiping your plastic card often costs you more money than other payment options. Regular charges from interest rates and annual fees are coupled by hidden surcharges. The latter are transaction-based fees that can add up! You must maximize your savings and use your debit card as much as possible. On that note, here are the expenses that you must avoid charging into your credit cards. #1: EDUCATION