According to a survey done on Uk Mortgages, majority of them prefer fixed-term mortgage. When you have a housing loan, having a fixed-term mortgage allows you to budget better as you will not be held random to the wild swings in the interest rates. There was a period of time, just 2 years back, when [...]
Popularity: 8% [?]
To find out more about the budget of 2008, you may check out the speech at the Singaporebudget.gov.sg website. The announcements are there, and you can even use the household calculator to find out how much your family will receive from the government. According to an extremely rough estimate, because I don’t know why my [...]
Popularity: 6% [?]
I don’t like to owe people money, but sometimes, having a loan at a low interest rate means you can do more with the money you already have. A car loan offers you money at a relatively low rate. The only drawback is the car itself is a depreciating asset. You may even want to [...]
Popularity: 6% [?]
Many people think that university students have easy lives because they have parents who pay their school fees, or they manage to secure loans and grants for easy payment. However, this is not the case for many students. Some of them use student credit cards, simply because they cannot work enough hours to take care [...]
Popularity: 5% [?]
How do you know whether a recession is approaching? One of the indicators is to watch the shares of retailers. They are the first to get hit. Another indicator is to look at how much money parents are giving to children. I managed to do a quick survey with some teenagers on the amount of [...]
Popularity: 7% [?]
Find out much you can be getting per month from your CPF annuities. Do your calculations over here at CPF Life Payout Estimator. I tried both refunds and non-refunds. The difference isn’t much. It all depends on how much money you have in your minimum sum. I tried $100000 as minimum sum. The difference I [...]
Popularity: 8% [?]
From 1 April 2008 onwards, you will not be able to invest the first $20000 in the ordinary account, and also the first $20000 in your special account. What is the purpose of investing money from your ordinary account (OA)? Well, you will earn 1% more on the first $60000 in the OA and Special, [...]
Popularity: 11% [?]
CPF Life, a form of annuity scheme, will start in five years time. That means those who are 50 years old will get to opt for one of the twelve schemes five years later. Originally when the idea was first mooted, people created a ruckus. This was because they were both kiasu and kiasi, and [...]
Popularity: 7% [?]
Happy Lunary New Year! A new day in the Chinese calendar actually starts at 11pm, one hour before the Gregorian calendar, so it’s already the New Year. Strictly speaking, the year of the Rat already started a few days ago, so if you had just welcomed a new member of your family into the world, [...]
Popularity: 6% [?]