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?
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I GREW UP IN HOUGANG, CAN I BTO IN HOUGANG? Before I first applied for my BTO, I'd always thought of living close to where I grew up, Hougang. However, unless you have a lot of time to wait for a really ideal location, chances are you'll probably only have a few choices. For example, in the May 2019 BTO launch, it was either Tengah, Woodlands or Kallang/Whampoa. If that's not what you're looking for, well, you've got to wait till the next quarter when HDB releases a new batch of flats for balloting. There are also two kinds of BTO areas: mature estates and non-mature estates. Flats in mature estates such as Tampines and Toa Payoh, for example, tend to cost more as infrastructure and amenities have already been built. These include a variety of public transport options, hawker centres, shopping malls, and schools. Non-mature estates (such as Sengkang, Punggol, and Sembawang) offer slightly cheaper housing options, but as the name suggests, they are usually lacking what is … [Read more...] about What I wished I knew before applying for my first BTO flat
Confetti rained from above and fans around me screamed their hearts out. As I watched the figures on stage dance in synchronisation, I thought, "If 12-year-old me were here, she would've fainted for sure." Where was I exactly? I was attending the concert of arguably one of the biggest South Korean girl groups, Twice. More importantly, it wasn't as a regular ticket-holder, but a reporter covering the event for AsiaOne. It's not an everyday thing where an intern would be tasked to cover a concert during her first week of work. Students like me would have heard of internship horror stories where interns were assigned menial tasks like shredding paper. It was the complete opposite situation for me at AsiaOne. Despite my status as an intern, I was treated like an actual employee of the editorial team. This meant that my first two weeks were jam-packed with much learning and hands-on experience. I would be lying if I said that I was not overwhelmed. From uploading to writing my own articles … [Read more...] about I get paid to watch K-pop concerts: Diary of an AsiaOne intern
(The Philippine Star) - May 6, 2019 - 12:00am Forgive as the Lord forgave you. — Colossians 3:13 I arrived early at my church to help set up for an event. A woman stood crying at the opposite end of the sanctuary. She’d been cruel and gossiped about me in the past, so I quickly drowned out her sobs with a vacuum cleaner. Why should I care about someone who didn’t like me? When the Holy Spirit reminded me how much God had forgiven me, I crossed the room. The woman shared that her baby had been in the hospital for months. We cried, embraced, and prayed for her daughter. After working through our differences, we’re now good friends. In Matthew 18, Jesus compares the kingdom of heaven to a king who decided to settle his accounts. A servant who owed a staggering amount of money pleaded for mercy. Soon after the king canceled his debt, that servant tracked down and condemned a man who owed him far less than what he’d owed the king. … [Read more...] about Should I forgive?
An OFW asks, 'Should I buy my health insurance now for my retirement in the Philippines 10 years from now?' Question: Hi Miss Rose! I wish to check your thoughts on this po. OFW po ako in Singapore. Maganda ang health insurance coverage namin dito pero gusto naming maghanda para sa aming retirement sa Pinas probably in 10 years. Naisip naming kumuha na kami ng insurance kahit na overseas pa. Kaya lang parang walang health insurance product sa Pinas na suitable sa OFW. Any suggestions po? Mag-iipon na lang po ba kami at bibili na lang ng health insurance paguwi namin sa Pinas? Ang downside po kasi e baka may pre-existing conditions na by that time. Looking forward to your inputs po. Thanks and God bless. Answer: Hi Resie. I’m glad to hear that you currently have a good health insurance coverage in Singapore. I also admire your proactive attitude about your retirement and a good retirement definitely includes your health matters taken care of. It is … [Read more...] about An OFW asks, ‘Should I buy my health insurance now for my retirement in the Philippines 10 years from now?’