Singapore has tightened its monetary policy to stave off inflation. Against an environment of high interest rates, our savings can now grow at a faster pace. Let’s look at the recently enhanced UOB Stash Account which now provides up to 5% p.a. interest, making it so much easier for the everyday saver to compound his/her savings. When combined with the UOB One Account to form the Power Duo, it rewards savers with up to S$8,000 in interest a year. That
As you strive to keep up with the vibrancy and dynamism of the Singapore workplace to sustain your daily needs, being intentional with your budget is crucial. Cutting your expenses in half while maintaining a comfortable lifestyle is achievable. Here are some hacks to help you save money and reduce your expenses. #1: PREPARE HOMEMADE MEALS At the onset of the pandemic, I started learning how to cook. Eating out can be costly, and making my meals at home helped
Living from paycheck to paycheck can cause stress, especially when you cannot cover all your needs and wants on a monthly basis. Constantly scrambling to make ends meet can feel like running on an endless financial treadmill. A combination of practical strategies and a positive attitude can help you make real progress. The most crucial step is to start – now! #1: EXPECT THE UNEXPECTED When you are struggling to pay for all your current expenses, it can seem impossible
With a handful of coins in your pocket, you are wondering what unnecessary item you can splurge on in the school bookshop. Good times, right? Singaporean students in the near future will no longer experience the same thing as they will be using the cashless method soon. By 2025, most of the students in Singapore have the option of using e-payment for purchases made in school bookshops and canteens. Instead of giving pocket money, students will be given cards or
Money is a strong tool that can help you achieve your goals. It can provide stability for your family and allow you to save towards important milestones. To achieve these things, you must know how to make your money work for you. Making money work for you pertains to using money to make more of it. Your financial decisions can guide you through this. Start by learning how to budget! #1: LEARN TO BUDGET Change the way you handle money
