Home

Conversations

  • Announcements
  • Improve How I Manage My Money
  • Grow & Protect My Nest Egg
  • My Home and I
  • Ready for Retirement
  • Kids & Family Matters
  • Banking Help & Support
  • Everything Fun

Learning Units

  • Bank
  • Cards
  • Insure
  • Borrow
  • Invest
  • Learn
  • Marketplace
  • ATM & Branch
  • You are in Personal Banking
    • DBS
    • POSB
    • DBS Treasures
    • DBS Treasures Private Client
    • DBS Private Bank
    • DBS Vickers Online
    • SME Banking
    • Corporate Banking
    • About DBS
    • Covid-19 and beyond
  • Back to DBS
DBS logo
DBS logo
Login
  • Home
  • Conversations
  • Learning Units
    1. digibank
    2. GIRO
    3. Travel Insurance
    4. Loan
    5. Swift Code
  • Login to
    Community
Announcements Improve How I Manage My Money Grow & Protect My Nest Egg My Home and I Ready for Retirement Kids & Family Matters Banking Help & Support Everything Fun

HA

ham

Joined since May 2021

6

Reputation Points


0 Following
0 Followers
You can follow a user to receive Notifications whenever they start a new Conversation

Posted these popular replies

  • HA
    2 4
    RE: Planning to retire early

    I started by making an estimate of how much I'd need to retire, and then working towards it. The first steps I took were (1) Save up a rainy day sum in Multiplier / Fixed deposits, (2) Put money towards CPF to grow my CPF retirement sum and get tax deductions, (3) Open SRS and invest in ETFs / blue chip stocks (and also get tax deductions), (4) Buy health and accident insurances.

    General
  • HA
    1 13
    RE: salary allocation to insurance

    Agree with SuperMan, depends on requirements.
    The number of dependents and living standard doesn’t scale linearly with salary!

    Salary
  • HA
    1 6
    RE: Credit card

    For me, cash back is the winner since airlines can devalue miles anytime. Also less restrictions on actually using it, as compared to paying to redeem miles, being restricted to certain airlines, looking for award space and so on.

    General
  • HA
    1 7
    RE: How do you control your urge to splurge?

    Sounds like you're already keeping track of your spending so that's a good first step! I "gamify" my non-essential spending (including bubble tea!) by trying to spend less than the previous month - and reward myself by topping up the budget set aside for special occasions!

    Another speed bump you can impose is to delete all the credit cards stored on the online shopping sites, so you can't check out your cart straightaway.

    Budget
  • HA
    1 4
    RE: Any cold brew recommendation?

    I'm a fan of Jewel coffee, bring your own cup for a discount!

    Everything Fun

Recently replied to these conversations

  • HA
    0 2
    RE: Unknown bank transaction with transaction code but no reference no.

    Curious!

    General
  • HA
    0 4
    RE: Planning to retire early

    @soulsensei - thinking about the rule of thumb for 10x last drawn income at age 67. What's the formula to use for earlier retirement? If say I want to stop working at age 55?

    General
  • HA
    0 2
    Switching from HDB loan to bank loan

    Any good guides for learning on the processes involved for switching from HDB loan to bank loan, including changes to lock-in, capital repayment etc?

    (@HeyAnna - maybe a learning unit?)

    Mortgage
  • HA
    0 7
    RE: What did you do with your first S$10,000?

    Splurged on a month long trip in Europe and left the rest in my old-school savings account - wish I started investments early.

    Budget
  • HA
    2 4
    RE: Planning to retire early

    I started by making an estimate of how much I'd need to retire, and then working towards it. The first steps I took were (1) Save up a rainy day sum in Multiplier / Fixed deposits, (2) Put money towards CPF to grow my CPF retirement sum and get tax deductions, (3) Open SRS and invest in ETFs / blue chip stocks (and also get tax deductions), (4) Buy health and accident insurances.

    General
  • HA
    1 7
    RE: How do you control your urge to splurge?

    Sounds like you're already keeping track of your spending so that's a good first step! I "gamify" my non-essential spending (including bubble tea!) by trying to spend less than the previous month - and reward myself by topping up the budget set aside for special occasions!

    Another speed bump you can impose is to delete all the credit cards stored on the online shopping sites, so you can't check out your cart straightaway.

    Budget
  • HA
    0 2
    RE: Growing / stock accumulation

    I am curious too! If the price is good then I lean towards the stock option so my investment “grows” but I’m worried about having odd number of stocks being hard to sell in the future…

    General
  • HA
    1 13
    RE: salary allocation to insurance

    Agree with SuperMan, depends on requirements.
    The number of dependents and living standard doesn’t scale linearly with salary!

    Salary
  • HA
    1 4
    RE: Any cold brew recommendation?

    I'm a fan of Jewel coffee, bring your own cup for a discount!

    Everything Fun
  • HA
    0 4
    RE: Tax Relief for topping up your spouse RA

    I agree the threshold seems ridiculously low, With annual income of $4000, the spouse would only have contributed (together with employer) less than $1500 to CPF.

    CPF

DBS & POSB Communities

  • Communities Guidelines|
  • Self-Service Banking
  • Terms & Conditions|
  • Privacy Policy|
  • Fair Dealing Commitment
  • ©2021 DBS Bank Ltd|
  • Co. Reg. No. 196800306E