Money

6 best (and surprising) ways to get your money changed in Singapore!

Images: SingSaver

There was a big rush to buy pounds sterling in Singapore this week because of Brexit. Unsurprisingly, the money changers weren’t selling or were claiming to be “out of stock”.

So just in case you can’t rely on money changers, here’s where else to get foreign currency exchanged in Singapore. You may even save a bit:

1. Use a Credit Card

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How to stop living pay cheque to pay cheque in Singapore

1. Always Pay Yourself First

Before you start spending your money, make sure 20 per cent goes into your savings.

We know the CPF does this for you already, but you can’t take out your CPF money easily. It’s important to have an emergency fund that you can tap into when you need.

So the moment you get your pay, take 20 per cent and put it in a separate savings account. You’ll want to keep doing this until you accumulate six months worth of savings (however long that takes).

9 essential money-saving tricks every young working woman in Singapore should know

Image: Showbit.com

When you are a teenager, you look forward to being able to buy what you want and doing whatever you like. When you are past the age of 40, you will miss the time when you didn’t have a mortgage and other major adult responsibilities.

At some point in between, you are supposed to be happy. That point is when you just graduate. Here are the important truths you need to know about money, to keep it a happy time:

3 hidden costs that will delay your retirement


Image: Moneysmart.sg

When it comes to planning for retirement, it’s not just about plucking a magical number out of thin air, and hoping that you will be able to achieve it.

It requires some thought about how much you really need, and how you’re actually going to get there. Even after you have established a retirement plan, there are also costs that you might be unaware of that could affect your happy retirement.

How to deal with friends who are making you spend money

Image: Showbit

Despite the high cost of living, the only Singaporeans you’re likely to hear openly encouraging each other to save money are aunties at FairPrice. Amongst almost everyone else, there’s this unspoken ongoing competition to show through your spending that you’ve made it in life, and that you can keep up with the others.

5 things 20-year-olds can do to be financially independent

Image: Showbit

Singaporeans might have a pretty decent median salary compared to other countries in the region, but we don’t fare so well when it comes to financial freedom—at least if the number of people still forced to work or rely on their families after retirement age is anything to go by.

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