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Showing posts from April, 2018

Mid-year review: Goal met of $200k cash at 28. $400k+ net worth and Astrea bond V

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Half a year gone.

I still have not gotten my keys to my new home and am still childless. Ok, TMI.

On financial front, I've been seeing a steady increase in my net worth. As at my last update in end 2018, my net worth was at $372k.

Half a year later, I've successfully crossed $200k cash savings (previously it dropped as I topped up my MA) and exceeded $400k in networth. I may be able to hit $450k by end year but will just need to carve out some money for renovation and home stuff.

Most gains came from employment. While I lament how sick I am of work, it is my main source of $. I've not added any stocks and can never not live off my portfolio for passive income. It is with salary crediting that I've received 1.85-2% interest on my DBS multiplier anyway.

I've been thinking if I'm making my money work hard enough. I occasionally browse the SGX hoping to see some stocks to purchase, but am not comfortable enough to make the move.

Since Jan till date, my transactions …

Q1 review - Hitting $150k in cash savings

April. Rejoice!

Last time this year, I blogged about how this is the most anticipated time of my work year.

These few months, I was so busy that I even overlooked the news of my HDB ballot number. And when I heard about my promotion, I wasn't particularly excited. I was so mentally exhausted that I question, is this all worth it?

But today, I'd like to remind myself. That this too shall pass.

I'm still facing shit at work. I still feel incompetent and stress when I can't seem to get things done. I still can't sleep well some nights. But when I sat down and think about the decent bonus, promotion and the ~10% increment I received, I thought to myself, there are no free lunches in this world. At least, I was appreciated by my bosses. I look around my peers and some much older were bypassed for promotion. Even when things are tough, I must pull it through.

Unless I win the $8 million TOTO today ;)

Anyway, I had just ran through my finances and am pleased to see that I…

My 10 credit cards and which to say goodbye to 😢

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I know I've loads of credit cards. But it scares me a little to know that I've a total of 10 cards after tabulating the below. Guess it's timely to do a review of the cards I have so I know which to use and which to say byebye to!
Here's the summary of my 10 credit cards and which to say goodbye to:
To keep 1. SC Manhattan - to keep for big ticket items (note: card is no longer available for application)
2. SC Unlimited cashback - no min. spend to keep for 1.5% cashback on all spends
3. SC Spree - to use for contactless spends (2%); no min spend, max spend $3000

No minimum spend and up to $60 rebate. Earn 2% cashback on all online spends in local currency, all contactless and mobile payments. Earn 1% cashback on all other retail spends.
4. BOC Sheng Siong - to use for Sheng Siong spends (no min spend, 7% rebate, max spend: $700)Cash RebateSpend CategoryCondition7%Sheng Siong Spend• No minimum spend
• Cash rebate capped at  S$70 per billing cycleAdditional 5%Sheng Siong S…

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