How Does the Fed Not Cutting Interest Rates Impact Your Financial Lives?
The U.S. Federal Reserve (Fed) consistently garners attention in financial markets, and for good reason. Since March 2022, the central bank has raised interest rates from nearly 0% to a range of 5.25-5.50%. This translates to an increase of the Fed’s base rate, known as the Fed Funds rate, by 500 basis points (bps), or […]
How To Avoid Becoming A Victim Of Multi-Currency Card Fraud While Travelling
Multi-Currency cards such as Wise, YouTrip and Revolut have become the instruments of choice when making digital payments during travel, given that they are compatible with Google Pay and charge lower forex fees compared to credit cards. They also offer convenience since they have physical cards which can be used for contactless payments or cash […]
5 Types Of Savings Accounts That Every Singaporean Should Have
Most of us would already have a savings account from a very young age. Our parents may have helped us open our first account, where we deposited savings that we had as children. As we become older, our parents may make bank transfers for our monthly allowance, allowing us to withdraw money via an ATM. Once we […]
3 Reasons To Add Bond Exposure To Your Investment Portfolio
This article was written in collaboration with Nikko Asset Management. 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 […]
Travel Insurance – Can’t Afford Protection? Ditch The Vacation
In case you haven’t noticed, travelling is one of the best things in life for me, but I am well aware that unexpected events can instantly turn a dream vacation into a nightmare. During a few of my overseas trips, I firsthand experienced the importance of travel insurance when I needed medical attention and faced […]
How Much More CPF LIFE Monthly Payouts Would You Receive If You Deferred Till 70
The CPF LIFE scheme is meant to provide Singaporeans with the security of a monthly income in our retirement, regardless of how long we live. This security of a lifelong payout is important, especially with rising life expectancy in Singapore. Living longer and getting to spend more time with out loved ones is always a blessing. However, along […]
BRS, FRS, ERS: Why There Are 3 CPF Retirement Sums & Why They Increase Every Year
Singaporeans who turn 55 years old enjoy an exciting milestone because it marks the first time we can withdraw cash from our CPF accounts (and not just use it for our housing repayments or medical bills). The CPF Retirement Sum is an important number we need to keep track of as it determines how much we can […]
Salary Guide: How Much Does An Architect Earn In Singapore
An architect is the designer of a building; however, this goes far beyond just the building’s aesthetics. Before the design work begins, architects consider the client’s needs for the building, and do a site survey and sun studies. These take into account the natural elements, and how the building will need to be built in […]
Grants; Subsidies; And Self-Care: Guide To Being A First-Time Caregiver In Singapore
This article was written in collaboration with the Agency for Integrated Care (AIC). 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 […]
Funeral Guide In Singapore: Here’s What To Do After The Death Of A Loved One
Death is often a taboo subject. Yet, death (and taxes) are the only certainties in life. Amidst the emotional upheaval, as we are confronted with mortality, knowledge of what to do can be helpful. Even if the person who passes on is a loved one’s friend, it can be useful to help our friend through […]
