I might have written about this before (and people ask me how I can keep writing for so many years *laughs*) but this is absolutely worth writing again. Our parents can use our CPF MediSave (CPF-MA) money if they have exhausted their annual limit.

Especially for folks with chronic conditions, this is important. My dad has cardio medical issues which meant lots of medication. He may have five-figures in his own Medisave but once the annual limit for outpatient treatments is reached, he will be asked to cough up cash for payments.

As you can see, my annual limit is $500 of which I’ve used $289.60 for my parents as per what was stated in the invoice. This isn’t an issue for me since my CPF-MA is ‘full’ i.e. reached the Basic Healthcare Sum (BHS) for 2019.

Of course I’d rather use my CPF-MA than cash. The updated number for 2020 BHS is expected to be revealed in November. Best of all, we don’t even have to be present. Just sign a form to pre-authorize all future CPF-MA deductions. Hassle-free!


A short note. I have never attached that much significance to my physical belongings. My wife gave me this watch when we started working, and I’ve used it for a dozen years. It has a grand total of one awesome function – it tells the time.

Today, it has a lot more battle scars and the bronze coating has largely faded on the areas that make constant contact with my skin. And yet, I still wear it.

When I quit my job back in 2013, I was using a wallet that was a birthday gift from the team I was leading. It lasted me 6 years before I changed it this year .. to another wallet which was from my user when I left that same job. I love my users back then. They were the best.

I’m not too particular about brands and stuff as long as it is functional and practical. Having said that, I’ll admit that it has not stopped me from occasional splurging on items that drastically improve quality of lives.

Bottom line is – there is no two ways about it when it comes to striving for financial security/independence/freedom.

  1. Earn more than we spend.
  2. Grow the leftovers from [1] via investment etc.
  3. Repeat [1] and [2].

Although not everyone will eventually make it, it will definitely improve the health of our financial situation to better handle the challenges life throws at us – which is a big win. Keep fighting!

Blog News & Stuff

Subscribe for weekly updates to be notified of new blog posts right at your inbox! Not forgetting that all active subscribers are forever eligible for the Annual Turtle Investor Giveaway contest!

You’re welcome to join the Telegram chat groups I have created!
Maybe it’ll help to have someone to chat with. I hang out quite often when I’m free 😉

1) Investment – indexing, dividends, REITs, SSBs, robo advisors etc

2) Personal Finance – saving money, CPF, retirement, credit cards, budgeting, insurance etc

3) Travel – air miles, hotel reward programs, travel hacks etc

4) Alternative Income – side hustle, blogging, affiliate marketing etc​

Included a social media section at the sidebar that lets you easily follow my Facebook page + join my Index Investing group + subscribe to my blog + follow me on Twitter + join me on Telegram. Just one click away!

Added the new referral links & promo codes page. Wrote down my thoughts and listed some awesome products/services that I’m already paying for. Check it out and give it a read – it might have something you want 🙂

I don’t like paywalls created by programs such as Patreon. It feels to me like subtle discrimination against non-paying readers. This puny blog will always be free for all. Donations of ETH or ERC-20 tokens to sgfireblogger.eth are greatly appreciated 😛