Image Source: https://www.cnbc.com
I was randomly scrolling through the CPF website yesterday and found something very interesting. They have recently performed a Trend Analysis of CPF members’ Balances based on Gender, and they did a comparison between the CPF balances of males and females and how the workforce has changed since 2006 till 2016.
If you look at modern society right now, it is not uncommon to find a dual-income household. Gone were the days of stereotypes when the man is assumed to be the sole breadwinner of the family and the woman has to cook and clean. Continue reading “Women Are Better Prepared for Retirement”
If you were to ask anyone what’s the best way to save money, it is quite inevitable that the conversation will somehow lead to the word “budget”.
What does budgeting really mean anyway? In my definition, it is to place certain boundaries around different portions of your paycheck to know where the money is all going to. And if you cross those boundaries, it means that you haven’t been disciplined enough to have done what should be best for you.
Imagine yourself going on a diet. Continue reading “Why Setting a Budget is Silly – Here’s a Better Way to Save Money”
My parents aren’t exactly the brightest bunch when it comes to their finances. I certainly was not born with a silver spoon in my mouth, and they did the best that they could to bring me and my brother up with whatever that they could afford while surviving from paycheck to paycheck. This includes being able to provide for my education up till my degree. I can’t express how much gratitude I have to them for allowing me to graduate debt-free.
With just a few more years left until the end of their housing loan of 30 years, both of them are far from retirement. Continue reading “Financial Literacy Starts From Home”
After a long hiatus of 7 years, I have decided to devote myself to tracking my expenses again for September with the newly updated application, Expense Manager. It is now made more robust with added features. It even included visually appealing graphs to show the allocation of my expenses to different categories and their percentages!
There is also this feature on Expenses Manager which I love the most – setting a monthly budget. You could even go one step further to set different budgets for different categories. It would also tell you how much money you are left with for the rest of the month so that you can do some planning for your future expenditures. Yummy! Continue reading “The Power of The No Spend Day”
I am now a tiny “business owner” of carton boxes.
My new love!
I did not find much information about Tat Seng Packaging on the WWW, except for its most recent annual report released for FY2016. Even its Investor Relations website has only been last updated in 2015. But I wasn’t worried, because their business model is very straight forward and simple to understand – they produce all types of cardboard/corrugated boxes.
I mentioned the three reasons why I bought the company’s shares and I quote it here again. Continue reading “Stocking up on Tat Seng Packaging and its inventory”
September was an interesting month for my portfolio. I experienced a few firsts, and I have got to say that being new in investing helps with being more cautious and less complacent about my decisions.
For the first time, I have experienced a 2-digit percentage point drop in my position with ComfortDelgro stock and learned how to deal with seeing red in my portfolio. Continue reading “September 2017 – Portfolio Updates”
If you were to work for 50 years of your life and then consolidate all your earnings in your entire life just to see if you’ll be able to earn a million dollars, you would be able to achieve it with an average income of $20,000 per year, even without investing. As you can see, that is an easy sum to achieve with an annual income of $40,000 if you save 50% of your pay.
In fact, you might already know a millionaire in your social circle. Man, I wouldn’t even be surprised if you are already one yourself.
But really, do you want to work for 50 years of your life? Continue reading “Being A Millionaire Is Just 11 Steps Away – The Doubling Game”