This article was written in collaboration with the Ministry of Finance (MOF). All views expressed in this article are the independent opinion of DollarsAndSense.sg based on our research. DollarsAndSense.sg is not liable for any financial losses that may arise from any transactions and readers are encouraged to do their own due diligence. You can view our full editorial policy here. Against rising cost of living pressures and geopolitical uncertainty, the Government unveiled support measures amounting to $131.4 billion in Budget 2024. These include new measures and enhancements to existing sch ..read more

As announced in Budget 2024, all HDB households will receive $300 worth of Climate Vouchers that can be used to purchase energy and water-efficient home appliances. Source: PUB These vouchers are surely useful for those who have just gotten their keys to a new house or are planning to move to a new place and may need to purchase expensive appliances such as refrigerators, air-conditioners, washing machines, sinks and water closets. These vouchers are meant to incentivise the purchase of an energy or water-efficient device certified with the relevant tick ratings. Most households wi ..read more

This article was written in collaboration with abrdn. All views expressed in this article are the independent opinion of DollarsAndSense.sg based on our research. DollarsAndSense.sg is not liable for any financial losses that may arise from any transactions and readers are encouraged to do their own due diligence. You can view our full editorial policy here. It’s easy to feel overwhelmed even before we start investing. Besides being unfamiliar with investing concepts and fearing that we will lose our savings, the amount we need to work towards can often seem a far stretch. One way to overcome ..read more

The exponential growth of digital services has led to the development of the data science industry, which is responsible for the analysis, modelling, and visualisation of data. In fact, it is also highlighted as a primary growth area in the SkillsFuture 2023 Report. Moreover, it’s a highly sought-after skill by businesses aiming to refine their operations and make informed decisions. The lack of data scientists, which is used as an umbrella term to encompass various data science-related roles in the market, has led to lucrative salary offers for these professionals. If you’re considering a ca ..read more

Despite only consisting of around 1% of the overall volume, the number of resale flats transacting for a million dollars or more has been growing year-on-year post-Covid 19. Typically, these are either the larger flat types, sized between 1,400 and 2,000 square feet (sqft), or located in mature estates. To date, out of the 24 HDB towns and three estates, only 4 towns—Choa Chu Kang, Jurong West, Sembawang, and Sengkang—have yet to see any million-dollar resale HDB transactions. Assuming the resale HDB property market continues to trend higher at the current pace, we may see the first million-d ..read more

Currently, China is the second-largest economy in the world, behind the United States. Although its economic growth has slowed in recent years, the Chinese government is targeting a 5% growth rate for 2024. This rate significantly outpaces that of other major economies. As a result, investors remain interested in China’s growth story, given its size and increasingly affluent population. This interest has led to several listings of China-related exchange-traded funds (ETFs) on the Singapore Exchange (SGX). The SGX has facilitated this growth through a bilateral ETF link with the Shanghai Stock ..read more

While most portrayals of lawyers in legal thrillers and court dramas are flashy like in Suits, the day-to-day of a regular lawyer is much less dramatic. Aside from legal battles in the courtroom, lawyers also help to ensure that businesses can transact smoothly with each other, and also serve to ensure that business or personal legal disputes are settled fairly. Since lawyers are clearly valued in society for doing difficult work, how are they remunerated for this in Singapore? Becoming A Lawyer The first step to becoming a lawyer is to complete law school, either in a Singapore university, o ..read more

This article was written in collaboration with Manulife (Singapore) Pte. Ltd. All views expressed in this article are the independent opinion of DollarsAndSense.sg based on our research. DollarsAndSense.sg is not liable for any financial losses that may arise from any transactions and readers are encouraged to do their own due diligence. You can view our full editorial policy here. Investing and insurance coverage are key elements of personal finance. Investing aims to build our wealth, while insurance coverage protects it against unforeseen life circumstances like accidents or illn ..read more

When someone says the word ‘retiree’, the image that comes to mind is a person with greying hair, perhaps wrinkling skin, and is ready to spend the rest of their days lounging at the kopitiam in the middle of the day with a newspaper and a hot cup of kopi. One would reasonably expect such a person to be in their sixties, well past the definition of a young person. But in the past two weeks, not one but two young men, clearly still in prime of their youth, announced their retirement. One is the venerated Joseph Schooling, the only Olympic Gold Medallist Singapore has ever had, and the other, A ..read more

Investors have access to different groups of stocks that can meet their financial goals and match their comfort with risk. For example, retirees or people seeking regular income might prefer dividend stocks, which pay dividends regularly. On the other hand, younger investors who are comfortable with higher risk might choose growth stocks, known for their potential to increase in value. But what are growth stocks, and how can one purchase them in Singapore? Read Also: Guide To Dividend Investing In Singapore Understanding Growth Stocks? Growth stocks refer to shares in companies expected to gr ..read more