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Savings

How Much Cash Savings Should I Have In Singapore?

Cash savings reformat

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.

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CPF Savings

Should CPF Be Considered As Part Of Your Net Worth?

CPF in net worth reformat

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.

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CPF Savings

Topping Up SA or MA – Which Should You Choose?

Should I Top Up SA Or MA

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.

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CPF Savings

The Ultimate Guide To CPF Accrued Interest

CPF Accrued Interest

Last updated on June 6th, 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.

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Savings

9 Steps You Can Take To Save $100k In Singapore

How To Save 100k In Singapore

Last updated on June 6th, 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!

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