Last updated on September 2nd, 2021
You have just started to set aside some savings to invest towards your retirement goals.
However, you are still undecided on how much to allocate to the CPF Investment Scheme (CPFIS) or the Supplementary Retirement Scheme (SRS).
This article will guide you through your dilemma by first making a comparison between the two schemes, followed by some suggestions on how to best save for your retirement using both CPFIS and SRS.
You may have taken a tuition fee loan with OCBC to fund your NUS or NTU tuition fees.
The best part is that the loan is interest free during your university course!
However, once your course is over, you may be wondering how you should go about paying it.
Here is my experience with repaying my tuition fee loan with OCBC.
Last updated on August 22nd, 2021
You know that an emergency fund is important before you start investing. While you want your emergency fund to be liquid, you do not want it to lose its value!
This is because most savings accounts offer really low interest rates.
So where should you be placing your emergency funds in?
Last updated on June 10th, 2021
You may be thinking: if you save enough cash, you should have enough for retirement right?
However, have you factored in inflation in your calculations?
By leaving your cash in a bank account, its value will slowly erode away due to inflation!
I used to think that by saving money, you should have enough to last you in the future. However, here’s what I believe you should be doing with your cash instead.
Last updated on June 8th, 2021
As you are calculating your net worth, you may wonder if you should be including your CPF in the calculation.
Even though it’s your money, it is being ‘locked up’ the government. So should it be still considered as an asset?
Here is my opinion on why you should still consider CPF as a part of your net worth.
Last updated on June 6th, 2021
When you are deciding on topping up your CPF, you are presented with 2 options: topping up your Special Account (SA), or your MediSave Account (MA).
Since both earn the same amount of interest, is there really a difference between topping up either account?
Here’s what you need to know.
Last updated on June 6th, 2021
You may have heard about topping up your CPF to earn high interest rates on your funds.
However, the focus has mainly been on SA or MA top ups, while OA top ups are not as commonly mentioned.
So here’s what you need to know about topping up your OA:
Last updated on August 29th, 2021
If you are looking to fund your property’s purchase entirely with your CPF funds, you may want to consider the interest you accrue on these funds.
When you sell your flat, you will need to return the funds you’ve used, plus any accrued interest back into your OA!
This will mainly affect you if you want to receive the profits of your flat’s sale in cash.
Here’s what you need to know about the interest you’ll accrue on your CPF OA funds.
Last updated on June 6th, 2021
With interest rates on bank accounts being really low, you may want to look for alternatives to store your funds.
2 of the more popular options include Syfe Cash+ and Dash PET.
How do they differ and which one should you choose?
Last updated on July 11th, 2021
Saving $100k, especially by 30 years old, may be something that you’re aiming to achieve.
Some of you may even be aiming to save $100k within 3 years!
However, is it really possible to do it in Singapore, especially with its high cost of living?
Here are the steps that I’m taking to achieve this goal. Hopefully, it can serve as a guide for you too!
