Actual Hospital Bill for Normal Delivery - Thomson Medical vs. Mount Alvernia vs. Mount Elizabeth
Singapore's Budget Babe Blog
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2y ago
How much does it cost to give birth in Singapore today amidst the pandemic? If you intend to deliver in a private hospital, these 6 bills from different mothers should give you a good idea of how much to prepare. Should you go public or private? Many have asked - why not go the public route? Wouldn't it cheaper? The short answer is yes, especially since you don't have to pay for doctor fees when you deliver in a public hospital. But we decided against it because after seeing our friends' experiences (NUH, KKH and SGH), we felt that the longer waiting time and the fact that you won't get a ded ..read more
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Toddler Formula vs. Fresh Milk - Which is Better? Here's Why We Chose Formula Milk
Singapore's Budget Babe Blog
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2y ago
If your child is willing, you can make the switch to fresh or UHT milk after they turn one. But here's why I chose to stick with formula milk anyway - it is cheaper, more convenient, and helps to greatly ease the mental load of modern parenting. How do you choose which milk to give? For the longest time, many parents have switched over to fresh or UHT milk for their children after they turn one. The primary reasons cited are often: It is cheaper After a certain age, a child's nutrition needs should be met by food rather than milk Many formula milk brands are high in sugars For context ..read more
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Savers can check out this 1.2% p.a. plan for 2 years
Singapore's Budget Babe Blog
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2y ago
For savers with at least S$10,000 looking for an option that will give you at least 1.2% p.a. guaranteed returns for the next few years, which will serve you better - your bank account, fixed deposits, SSB, or short-term endowment plans? With inflation creeping up on us, the current situation isn't looking very pretty for savers. What's worse is that savers who continue to leave their savings aside to earn paltry interest will soon find the value of their dollars eroding faster than before. But if you're not inclined to invest (or have a sum of money that you're unwilling to invest for no ..read more
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How Fractional Shares Can Help Investors - Syfe Trade Fees and Review
Singapore's Budget Babe Blog
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2y ago
Investing in fractional shares can be useful for both new and experienced investors. For those who are just starting out and do not have a huge sum of capital to invest, fractional shares allow you to own the shares of a company when you cannot afford to pay full price for a stock. For experienced investors, fractional shares are useful in portfolio allocation, as it allows us to control the exact portfolio exposure that we want to have for certain stocks or even industries. With Syfe Trade, which calls itself Singapore's first neobroker, you can now invest in fractional shares in the US from ..read more
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How CPF can help your house (and vice versa)
Singapore's Budget Babe Blog
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2y ago
Some of you might recall my controversial post several years ago when I mentioned I didn't have any intention of using my CPF to pay for housing, and prefer to use cash instead for repaying a bank loan at 1+% interest rate per annum. Our reasoning was to let our CPF grow instead, since 2.5% p.a. is still a decent rate. I thought I'd do an update because as it turned out, we didn't end up utilizing that strategy in the end. That's because when we moved into our house in 2020 at the start of the pandemic, it was also the time when global stock markets crashed. Being opportunistic, my husband and ..read more
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How to spot a scam so you don't become the next victim
Singapore's Budget Babe Blog
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2y ago
In December, Singaporeans lost over S$8.5 million to scammers. Of this sum, about S$2.7 million was lost to phishing scams masquerading as OCBC over the Christmas weekend alone. Source: Business Times Some scammers are even worse than scum, and continue to prey on the same victims by running a "recovery room" scam. This basically exploits our feelings of loss and shame, and how the scammers do it is that they pretend to be someone who can help you get back your money, such as a "bank officer", the "police", or the "CIA", or even the "FBI" (don't laugh - that's exactly what happened t ..read more
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2021 Financial Review - Income Growth but a Reduced Investment Performance
Singapore's Budget Babe Blog
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2y ago
As the year comes to an end, I typically do an annual review of my finances to check how my progress has been, and where we currently stand. I examine my income growth, expenses, savings, insurance coverage, and investment performance - which helps me to better strategize for the new year. 2021 feels like it passed very quickly, as I spent the first half being pregnant and the second half breastfeeding my newborn. With two kids in tow, I've been running low on sleep, but I know that this is merely a season of my life and will come to pass as my children grow up. Before I go into this year's re ..read more
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Didn’t Meet Your Financial Goals Last Year? Here’s How To Finally Achieve Them.
Singapore's Budget Babe Blog
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2y ago
Every year, most of us set financial goals as resolutions for the new year, but most people don’t end up achieving them. In fact, 94% of Singaporeans tend to set personal finance-related resolutions for the new year, but half of them (56%) end up overspending over the festive season! If that sounds like you, here's how I meet (and even exceed) my financial goals each and every year, coupled with some actionable tips to help you make sure you don’t end up derailing your own financial plans, and instead, stay on track throughout the new year. If you’ve been following my blog for the past few y ..read more
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What is the Owner-Occupier Scheme for HDB?
Singapore's Budget Babe Blog
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2y ago
In my last article, I wrote about how a couple can own a HDB and a private property without incurring hefty ABSD on their second property, under the HDB owner-occupier model. Many of you have DM-ed me for more details about this, thus prompting this article. Without further ado, here's (i) how the scheme works, (ii) the pros and cons you should take note of, as well as (iii) how to incorporate this into your property plans moving forward. Important disclosure: This information is for reference only, and not a recommendation nor individual advice to your situation as I have zero clue on your ..read more
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Buying A Property Soon? Here's how you can (legally) get around the latest cooling measures
Singapore's Budget Babe Blog
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2y ago
The Singapore government has announced its latest round of cooling measures for the property market. Here's a quick summary, and how you can (legally) get around them. What are the latest changes? 1. Higher ABSD (Additional Buyers' Stamp Duty) If you're a Singaporean/PR buying your first property, you don't have to panic because there's no change for you. However, if you're purchasing your second property, you will now have to pay higher taxes i.e.an increase of 5% for Singaporeans and 10% for PRs. For foreigners and corporations buying residential property, they will now also have to pay 10 ..read more
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