How to lower the cost of car ownership in Singapore via utilizing the off peak car scheme.
Category: Personal Finance
The Cost of Owning a Car in Singapore
In my previous article, we touched base on What to Look Out for When Buying a Car. In this article, I am going to breakdown the cost of buying and owning a car in Singapore to give you readers a clearer picture of the cost components of car ownership in Singapore. Disclaimer: The figures reflected in…
What to Look Out for When Buying a Car
Buying a car is no mean feat, especially for first time buyers. What makes it even more intimidating is the high cost of car ownership in Singapore and the tonnes of choices that comes along. In order to not get carried away by the honeyed words of the car dealers, I have compiled a list of…
The Automatic Millionaire by David Bach
As I continue on my quest to be financial independent and improving my money management knowledge, I came across the F.I.R.E movement (Financial Independence, Retire Early) that is popularised in the United States. After some digging, it seems that this sort of lifestyle may not be suited for everyone as it involves living frugally and…
How to Re-Finance Your Mortgage Loan in Singapore
What is Re-Financing of Home Loan? Re-financing of mortgage loan is the act of switching your home loan to a different bank which offers a more attractive interest rate. Note that this is different from re-pricing of home loan, where the user stays with the current bank, albeit taking up a new loan package with…
Beating the Street by Peter Lynch
Book Summary on Beating the Street by Peter Lynch with John Rothchild This is a follow up reading from One Up Wall Street book summary where Lynch writes about how an ordinary person can also be ‘One Up’ the Wall Street professionals. This book is akin to a diary that Lynch has written about…
Summary on One Up Wall Street by Peter Lynch
How to Use What You Already Know to Make Money in the Market Summary 1. Don’t over-estimate the skill and wisdom of professionals 2. Take advantage of what you already know 3. Look for opportunities that haven’t been yet discovered and certified by Wall Street – companies that are “off the radar scope” 4. Invest…
How much does it cost to buy a Second Property in Singapore
Case Study Cost of Condo: Suburb Properties – OCR New Sale: $1.2 million Currently Own HDB flat. Purchase Condo as 2nd House – Non-Residential. Outstanding Bank Loan. (i) Down Payment Loan Tenure does not exceed 30 years and sum of loan tenure and age of borrower at the time of applying for the loan is…
Decoupling to Buy a Property in Singapore
What is Decoupling (Fractional Purchase) Decoupling happens when one partner’s share in a property is transferred to the other person. Why Consider Decoupling This creates a sole owner, leaving the other half of the pair free to buy another home without having to pay the ABSD (Additional Buyer Stamp Duty), as that purchase will be…
How to Purchase IPO on Interactive Brokers
Disclosure: Some of the links below are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through to make a purchase. What is IPO – Initial Public Offering IPO is the very first sale of stock issued by a company to the public. An IPO is underwritten…