Taking a debt to invest is something that many Singaporeans who want fast cash consider. After all, borrowing a small sum now can boost your return on investment faster than if you were to invest your savings. This technique is called leveraging. Leveraging entails using,…
Whether you’re single or attached, there might be a time in your life where you want to leave your parents’ nest. You want independence. You want to live on your own. However, are you financially ready for the costs that come with independence? Is your…
In Singapore, it is common for families to hire a maid. Usually, both parents have to be working in order to raise the children. Hiring a maid can be essential for your family if you work long hours, have small kids, or have elderly relatives…
If you want to get a personal loan in Singapore, you’ve no doubt visited several banks’ websites by now. And so you’ve noticed that banks post two different rates: the annual flat interest rate and the effective interest rate. Sometimes, just to hook you, they’ll…
Do you want to purchase a new home or make a dent in your debt but aren’t making any progress? These examples are common for many people in Singapore and around the world. You may even be exhausting yourself with work and still have nothing…
Your home deserves the best because it’s your sanctuary. So, when it’s time to do some renovations, make sure you’re choosing the suitable options. This means that you need the right interior designer, right contractor and the right loan provider. Read this article to learn…
Are you a business owner? Most entrepreneurs think that simply knowing the concept of how money moves is enough. There is actually more than that, with important business terms that you must know. When faced with unavoidable challenges or opportunities to expand their companies, business…
When cash-strapped, individuals opt to visit pawn shops in Singapore to trade for some cash. This was seen especially during the global crisis of COVID-19, where borrowers formed a line outside pawn shops. Pawn shops have existed in Singapore since more than 50 years ago.…
Most students have the common misconception that: “I can only apply for a credit card once I’ve started working”. This is because credit cards are aimed at those who are currently holding a job that hit the minimum income requirement to qualify for a credit…
You’ve probably heard of the term “emergency fund”. But what exactly is it and why do Singaporeans need the fund? More often than not, the reason why you’re looking for a job or running a business is that you need to have an income, right?…