Personal Finance

I started using Singapore Life (Singlife) account for its 2.5% returns on the first $10,000. In my Singlife review, I write about its various features, the good and the bad, and whether it turned out to be a great option for me. Before I go into the details, a quick update on what's happening in my life. 2020 has been nothing short of an impactful year. Depending on your … [Read more...] about Singlife $10,000 Account Review: Is It The Best High Interest (2.5%) Savings Account For Me?

A few weeks ago, KM emailed me that I seldom blog about how my wife and I manage our expenses as a family and married couple. Thinking back about it, that's true! I wonder why that is so? The best answer I have to that is probably because these matters have somewhat become auto-pilot for me that it doesn't bother me that much. Frankly speaking, I wouldn't go as far as … [Read more...] about Getting Personal With Finance – Managing Budgets As A Married Couple

Back in February 2020, during Singapore Budget 2020, it was announced that there was a new scheme that is introduced to help folks with less CPF savings. The name of this initiative is called the Matched Retirement Savings Scheme. What is the Matched Retirement Savings Scheme? The Matched Retirement Savings Scheme is a dollar-for-dollar matching initiative by the … [Read more...] about CPF News – Matched Retirement Savings Scheme (2021)

Average (or mean) Monthly Earnings (AME) refers to all remuneration received before deduction of the employee Central Provident Fund (CPF) contributions and personal income tax. I noted that this definition is different from salary (usually monthly) that typically refers only to payment to an employee for completing one month of work. Salary is therefore a subset of average … [Read more...] about Average Salary In Singapore 2020? Average Monthly Earnings (AME) Explained