A common question asked among many Singaporeans is, "How much savings should I have by xx years old?" Mostly, Singaporeans just ask this because they want to know if they're above or below the median. But the answer is not so straightforward, and varies among individuals in Singapore depending on personal circumstances. How much savings should I have at 35 in Singapore? As a bare minimum, the correct amount to have saved up - at any age - is 6 months of your income. Any amount beyond this should be redirected into your investment portfolio or retirement fund. This is because savings are mean to remain in liquid cash, ready to use during emergencies, whereas investments are more illiquid and for the long-term. So if you have an income of $5,000 a month, your "savings" are generally adequate if you have at least $30,000 saved up. Note that your CPF doesn't count, as it's not savings you can immediately draw on. A recent survey by OCBC says 51 per cent of Singaporeans don't have enough … [Read more...] about How much savings should I have at 35 in Singapore?
Average 25 year old savings
SINGAPORE - Singaporeans are spending less on clothes and shoes compared with five years ago, a government survey has found. The latest Household Expenditure Survey, based on data collected in 2017 and last year, found that the average household spent about $120 a month on clothing and footwear, down from about $160 in the 2012/2013 poll. "Notably, clothing and footwear experienced the largest decline in expenditure in percentage terms," said a report on the survey, which is conducted every five years by the Department of Statistics. In comparison, expenditure on accommodation services, food and health increased. But retail experts say the reduced expenditure on fashion does not necessarily mean people are shopping less. Instead, the availability of more affordable options for shoppers these days makes it easier to spend less. Dr Kapil R. Tuli, 43, points to the advent of fast fashion and online shopping as big factors. "In the last 10 years, there have been a lot more fast-fashion … [Read more...] about Singaporeans spending less on clothing and shoes
RM38 for a bowl of cendol heaped with dollops of Musang King durian. Peeved at the price, one customer proceeded to upload a photo of the receipt showing RM114 for three bowls of cendol on his/her Facebook account. The photo soon went viral and many netizens agreed that the cendol was overpriced. But it all ended with the cendol seller concerned laughing all the way to the bank. Meet Muhammad Ariff Qayyum Mohd Zamri, the owner of a stall named Raja Cendol Taming Sari in Bandar Hilir here, whose sales tripled after the receipt spread virally sometime in February. “I’m so thankful the matter went viral. Now more people know about my stall and I’ve many more customers now. My workers and I have never been busier,“ the 25-year-old entrepreneur told Bernama, adding that durian lovers would not mind paying RM38 for a bowl of Musang King cendol as they were well aware of the market price of this particular premium species. Even before the viral incident, his stall, … [Read more...] about Musang King cendol wins big after viral photo
With the head sheaves whirling on top of the derrick, the century-old No.1 pit of the Kailuan colliery still lifts coal from deep underground. The icon of the old industrial city of Tangshan is also a tourist site. The shaft, the country's earliest of its kind that began operation in 1881, is at Kailuan national mining park, a sign of modern industrial heritage that includes the country's first rail track with a standard gauge. Culture and tourism are just part of the efforts of the mining company and the city's diversified development. Like Germany's Ruhr region, Tangshan, to the east of Beijing, is one of China's old industrial bases with major coal, steel and chemical industries. As China deepens supply-side structural reform for high-quality growth, the coastal city is struggling to upgrade its traditional sectors, cut pollution and foster emerging sectors through innovation, investment and integrated regional development. Read also: China first in the world for high-speed trains … [Read more...] about Tech know-how modernizes China’s century-old industrial city
It was arguably the best Premier League season in history. The battle between Liverpool and Manchester City came down to the final Sunday of the campaign and required City to win their final 14 games of the season to hold on to their one-point lead and retain their crown. Liverpool finished second with the third-highest point total in Premier League history, while City held on for dear life and survived with one of the most impressive stretch runs you'll ever see.Jurgen Klopp & Co won't be too heartbroken if they win the Champions League on Jun 1, of course, but let's cheer them and the rest of the league by handing out arbitrary awards. Back in December, I went around the Premier League and gave out superlatives for everything from best substitute to most tired managerial storyline.Let's go back to the well and hand out awards for the full season. I've narrowed down the categories a bit, but with a full season of data to work with, I've expanded the results from … [Read more...] about Winners and losers from the Premier League’s best season