November is one of those months when I decided to reward myself with a couple of cool toys for working hard in 2015. A delayed gratification for not splurging for the past 10 months. Net Savings rate fell to 21.5% this month. Transportation: $72.94 Commuting charges on the B.M.W (bus, MRT, walk) remained high as we enter the…
October is a face-punch month for me with lots of additional expenses compared to previous months. The haze issue that’s plaguing Singapore resulted in a huge reduction in bike commutes to work and I also spent more money dining in restaurants. Fortunately, I didn’t go too overboard with the spendings and Net Savings rate stayed at 80% this…
The Supplementary Retirement Scheme (SRS) was started in 2011 2001 and is part of the Singapore government’s multi-pronged strategy to address the financial needs of a greying population by helping Singaporeans to save more for their old age. It is operated by the private sector (mainly local banks). Participating in SRS is voluntary and you can contribute…
In recent Mustachian news, a Google engineer called Brandon received his 15 minutes of fame when he was found to be living inside a 16-foot 2006 Ford truck and lived in the Google parking lot for free. Unless you have been living under a rock, you’d know that it’s common knowledge that Google pays its employees well…
Every few years, an investment scam surfaces and clears the coffers of naive investors. Whether it is some miracle water or precious gold bars, smooth-talking salespeople will try to get you to part with your life savings in exchange for them with promises of buying them back later at a higher price. We see scams…
In my last article about CPF Life policy changes, I’ve analysed how the policy changes will affect my retirement plans and how I would aim to achieve the target of my projected Full Retirement Sum at the age of 55. Ever since changes to CPF Life plans were announced this year, I’ve been been thinking of…