Women Are Better Prepared for Retirement

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”

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Why Setting a Budget is Silly – Here’s a Better Way to Save Money

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”

Financial Literacy Starts From Home

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”

Being A Millionaire Is Just 11 Steps Away – The Doubling Game

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”

How it feels like to date someone frugal

If you ever had a chance to ask my BF about how it’s like to date me, I’m pretty sure that the first thing he’ll comment on would be my spending habits. Dating me also means having to consider the price of almost everything – from trivial items like food, dating activities to bigger ticket items like household equipment… Well, you get the gist.

He doesn’t mention it very often but I think he gets ticked off sometimes. I mean honestly, I would to if I were to be in his shoes. But he knows the story behind my spending habits and is able to be empathizing enough to understand why I am the way I am. I am lucky that he does.

Of course, there are times when I am not that frugal because I am human and I like to enjoy life once in a while. Continue reading “How it feels like to date someone frugal”

To study and stop working – Cost of living in Singapore

I have a friend who is contemplating to go back to school after being in the workforce for some time. She had a few concerns, one particularly related to money management. Her degree is going to be a three year long study period and therefore would significantly impact her finances.

Over the weekend, we sat down together with another friend to go through her personal cash flow. The list looked something like this: Continue reading “To study and stop working – Cost of living in Singapore”

Fail-safe investing – Building a Permanent Portfolio

Image source: https://seekingalpha.com/article/559931-6-etf-permanent-income-portfolio

In my previous blog entry related to investing in gold, one of my readers and fellow financial blogger, Warriortan, introduced me to the Permanent Portfolio, which is sometimes also known as a fail-safe investment strategy. He has been developing this strategy in his personal portfolio and you can read his progress by clicking here and here.

I must admit that I was initially intimidated by the words “fail-safe” because those two words just sounded too good to be true in the world of investing. Continue reading “Fail-safe investing – Building a Permanent Portfolio”