How I Saved $1000 of my $2500 Salary

Here's a story (or break down) of how I spend my money every month. Salary: $2,500 per month Expense: $1,500 per month $300 to my parents $700 for food (breakfast, lunch, and dinner), entertainment, transport, phone bills $300 towards student loan repayment $200 for surprise expenses and insurance I...

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CPF Accrued Interest: Why Do I Need To Pay Them Back?

Today's post is an answer to the question: Why do I have to return into my CPF account the accrued interest I accumulated? This question is posted by one of our readers. We would like to thank him/her for reading and interacting with us by posting a question for us to answer. If you have any...

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Moving CPF RSS to 90 is a Good Social Experiment

If you have not heard, CPF members who are on the older Retirement Sum Scheme (RSS) will now have payouts lasting up to age 90, down from the previous age of 95. Here's a link to the article. Illustration: If you are retiring at age 65, is not on the CPF LIFE Scheme (aka you are on the RSS), and...

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The Purpose of Big Tech

Source: Logos There are many Big Tech companies, and they are either added or dropped from the list very fast. From the initial FANG (Facebook, Amazon, Netflix, Google), to the FAANG (the 4 + Apple), or GAFAM (Google, Amazon, Facebook, Apple, Microsoft). But for our case, we are just going to...

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9 Things I Learnt from my Internship at GIC

I just ended a 24 weeks internship at the Government of Singapore Investment Corporation (GIC). In case you do not know what's GIC, it is one of the sovereign wealth funds that invest Singapore's reserves on behalf of the Singapore Government - the other is Temasek Holdings. About GIC GIC has 2...

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What is CPF Basic Retirement Sum (BRS)?

Source: CPF Today's post: Basic Retirement Sum It is one of the 3 types of Retirement Sum launched by CPF. It is currently set at half the prevailing CPF Full Retirement Sum (FRS) Why would someone wish to pledge their house in exchange for a "large" sum of money? This post will answer that...

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