Simple Budget, Simple Life

I've earlier shared that I finally set up my SRS with DBS bank and l ater registered for an account with Endowus. These were the rewards I'm expected to receive: 1. DBS Bank - $100 - $50 cash to open SRS with DBS and contribute $10,000 - another $50 cash by investing $10,001 I've not gotten the cash rewards as T&Cs indicated "The Cash Gift will be credited by 28 February 2022" 2. Endowus - $20 - $20 referral credit You can refer to my registration guide here . Earlier, I signed up using someone's link for only $20 referral credit.  Today, Endowus released a limited-time referral bonus of $40 up till 31 Dec 2021 . You can refer to the T&Cs here.   If you wish to withdraw your money from your SRS account at 62 years old, the best time is to sign up for your SRS and make your first contribution by 31 Dec 2021. 22 days left to 2022! Referral If you are keen to embark on Endowus using your  SRS, CPF OA or even cash , you may wish to use my link to  enjoy...

I've finally set up my SRS account. In the past, I didn't feel the need to do so and these were my thoughts: no need for additional tax savings since I'm doing annual CPF top-up no clue what to invest using SRS funds  don't want my $ to be stuck in an account till age 62. That's another 30 years (and I've only just passed thirty years on earth!) However, circumstances have changed. As my income grew, I needed more avenues to reduce my tax. Not that I'm earning a lot, but the intent was the same as me doing my annual CPF top-up i.e I'd rather save the tax monies and channel to my mum and I, than doing nothing to my tax relief and paying 100% to the govt - likewise, topping up to my SRS would work the same way. The chart from DBS web below would serve as a good example of the potential tax savings we could save.  More importantly, the call to lock-in my retirement age at 62 has pushed me to take action because 2021 is the last year/chance before the statut...

I've officially severed ties with my BOC Smartsaver account, after a good 2 years . With the disappointing revision to the BOC Family card , which used to be the BEST credit card I had, it just wasn't worth keeping the bulk of my cash in BOC anymore. Since Aug, I've jumped ship to DBS Multiplier and left the minimum balance of $1,500 in my BOC. Today, as I passed by the BOC branch at Jurong East, I decided to just close the account. No point leaving my $1,500 there when I can transfer it to other accounts to generate more interest! As I stepped into the BOC branch, I saw restless ladies gossiping at their seats. I was the only customer, but nobody bothered to serve me. I even had to ask if I'm supposed to take a queue number, but nobody came to assist. Over at DBS, the customer service experience would be way different, in a positive way. BOC has gotta up their game in terms of their cards/accounts perks and staff attitude/customer service man. That said, it ...