admin

Good news for those who borrow from licensed moneylenders. There are now plans by Credit Counselling Singapore to introduce a debt restructuring programme. Working with the Moneylenders Association, this programme is slated to be rolled out next year. There is hope yet, for borrowers who have accumulated multiple debts. At the moment, such debt restructuring programme is … Read more

For most Singaporean men, National Service(NS) is mandatory and there will come a time in your life when you will have to undergo basic military training (BMT) and go through many months of serving in the army. For many, NS is also where you earn your first allowance. While it may not be a huge … Read more

For some or most of us, financial products are essential in our everyday lives especially our bank accounts where we manage our money. Even financial products like insurance are fast becoming products that are must-haves in our lives, be it for ourselves or for our families. It is wise to find out about the various … Read more

If you have decided on taking a personal loan but are not sure where to go to get one, always choose a licensed moneylender. By choosing a moneylender that is licensed, you can avoid harassment which often happens with loansharks or unlicensed moneylenders. Licensed moneylenders are to adhere to strict laws or be subjected to … Read more

Debt is a common problem that many people face nowadays. Have you ever wondered why and how people get into debt? These are the top few reasons: 1. Reduced Income: When people are in their comfort zones and are faced with a sudden reduced income, failure to adjust expectations and spending accordingly will inevitably lead … Read more

Debt can be a real hassle. Here, we have identified some tips that may help you better manage your debt: 1) Draw up a table that reflects your monthly salary and expenses. This will act as your budget sheet. List everything that is chalked up in your expenses and you will then be able to … Read more

Are you ready to make your first investment after saving up for some time? Are you confused, unsure, and feeling bewildered because there are so many ways to invest and so many stocks to buy? Indeed it can be confusing with so many ways to invest and the various methods and systems. Just remember that … Read more

When can you be made a bankrupt? When the amount of money you owe reaches an excess of $10,000 and you are unable to pay up. When this happens, a bankruptcy application can be made against you to the court. If the amount you owe in debt is below $100,000, you will be referred instead … Read more

Taking charge of your finances is important because you will have a much better idea of where your money is coming from and going to. And also how much money you should and should not spend. Below, we have identified three key steps of financial planning: 1) Identify both your short-term and long-term needs and … Read more