It is amazing to start the Lunar New Year with a clean financial slate and increased savings. So, begin the year with a 2015 spending cleanse: short yet impactful exercise to help you clear your mind, focus on your goals, and improve your buying habits. There are no excuses because a short-term intervention (7 days) is a good place to start. In just a week, your financial awareness can help you stop spending on unnecessary items and eventually help you
The vow of “for better or worse…for richer or for poorer” entails an important promise to live in a financially able home. Managing your money on your own can be challenging enough so adding your spouse’s finances may be overwhelming at times. With that in mind, here are 7 Insurance Tips for Newlyweds… 1. DISCUSS YOUR FINANCES AND SET YOUR GOALS Discuss your finances with your new spouse as soon and as open as possible. You will need to communicate
IN YOUR 20s 1. EDUCATE YOURSELF. Read and understand materials about self-empowerment, investment, and money management. Here are four books to get you started with: “The War of Art” by Steven Pressfield “Why Stocks Go Up and Down” by William Pike “The Intelligent Investor” by Benjamin Graham “Turning Pro” by Steven Pressfield 2. CONNECT AND DISCONNECT MORE. Networking is very important especially if you will be dabbling in the field of business. Meeting people with shared interests will not only
Each year, hundreds of tax deductions and credits may go unclaimed due to the lack of taxing knowledge. To prevent that, here are 5 Tax Deductibles You Need To Know based on the Inland Revenue Authority of Singapore. FOR THE EMPLOYEE 1. EMPLOYMENT EXPENSES A good news for all employees—employment expenses can be claimed as long as they satisfy these three conditions: a. Expenses are sustained when carrying out official duties. b. Expenses are not reimbursed by the employer. c.
When you are young, in your 20s or 30s, retirement feels like a looooong way ahead. Typically in your 20s, the only person you have to spend for is yourself. In your 30s, you will have new financial priorities such as the wedding, child’s schooling, house loans, etc. If you consider all the aspects of your finances and fast-paced life today however, you will realize that it is the best time to start saving for retirement before you hit 35.