SINGAPORE: Finance Minister Heng Swee Keat ended his 2018 Budget speech on a “prosperous” note with the handing out of a one-off SG Bonus to Singaporeans, but he also warned of coming tax hikes that are needed to finance the country’s greater spending in the next decade.
How will Singaporeans and Singapore businesses be affected by the measures Mr Heng announced on Monday (Feb 19)?
Here is Channel NewsAsia’s quick guide to the major Budget announcements:
Whether you’re casually dating, moving in together, or married, you and your partner have to be sure you’re not just compatible in terms of personality but also financially. Is your partner a saver or a spender? How seriously do they take debt? Do they have a monthly budget? Here’s how to tell if you’re financially compatible with your partner.
By Joanne Poh (via moneysmart.sg)
Singapore — Your home loan is probably the single biggest financial commitment you’ll ever take on, and one you could spend the next few decades paying for. Given the magnitude, you obviously want to ensure you lighten the load as much as possible. That’s why it’s so important to be aware of when it’s time to refinance your home loan.
It can save you thousands of dollars over the years, raise your capital gains on resale and basically make your expensive home purchase a bit less expensive.
By Joanne Poh (via moneysmart.sg)
Singapore — 80 per cent of Singaporeans live in HDB flats, and many of us grew up playing with the stray cats in the void deck and trying to imagine the lives of the people in the blocks opposite.
HDB living is part and parcel of life in Singapore and, for most young couples these days, the only remotely affordable way to become a home owner. But it does come with a bunch of trade-offs. Here are five things that aren’t allowed in HDB flats.
By Dinesh Dayani, via dollarsandsense.sg
SINGAPORE — During a recent reservist In-Camp Training, I had meaningful conversations with my buddies. Over the years, 10 years in total, our conversations evolved from talking about furthering our studies and girlfriends to discussing our education and finding a job, and eventually to investing and starting a family.
One of my conversations with a close buddy was about investments. This was quite prevalent during this reservist because I’m writing for DollarsAndSense. What struck me when I spoke to him was that my friend believed that buying a 4D ticket from Singapore Pools was akin to making an investment.
By Joanne Poh, via moneysmart.sg
Buying a home in Singapore is a complicated procedure. Unless you’ve got the dough for private property, you’re pretty much stuck playing by the HDB’s rules: get married or be over 35. For most people, that means when you can buy a home is something that has to be left up to fate.
But buying a home as early as you can does have its advantages, assuming you can find somebody who is willing to do so with you. Here’s why:
Are you spending your renovation in the right areas? (via dollarsandsense.sg)
Moving in to a new home can be both exciting and troubling at the same time, especially when there are multiple factors to decide on before you spend your hard earned money into the home renovation.
Before you hit the panic button, watch this video to find out more about the 5 key areas of your house that you can renovate to make your place comfortable to live in, and at the same time to retain its value or even increase the value of your home by more than what you spent on it.