Category: SG Budget Babe

Crypto – From a sea of red to a sea of green within a single day

How’s everyone doing? If you were freaking out over the dip the past few days (especially this afternoon), I hope you read my previous post dispelling all the FUD and remained calm despite the markets selling off.

If you haven’t already seen it, head over to read how I made 178% on a trade while the rest of the crypto markets were tanking (seriously, 1 out of the top 100 coins!) and why I believe this FUD will soon be behind us once people realise the truth about all the misreporting.

For those of you on Patreon, I posted earlier today about what coin I bought during the dip and why I felt comfortable buying it even though everyone else was freaking out.

Did I sell anything today while there was blood on the streets, and everyone was panic-selling? Yeah, all I sold was DGD – because it exceeded the fair value I attributed to it.

I didn’t manage to get a screenshot of this same list this afternoon, but see this video for how it was a sea of red then.

Did I buy anything today? Definitely yes – these dips are when I buy in bulk. Compare with how the stuff on my to-buy list looks like now:

Full disclosure: The above photo only shows my top picks in my watchlist. Obviously I don’t have enough money to spread myself out across so many coins, neither did I buy all of them today. 

As long as you follow these golden rules, you’ll be fine during the crashes:

  • Invest with only money you can afford to lose
  • Do your due diligence and avoid shitcoins
  • Don’t chase the pumps if you’re investing

With love,
Budget Babe

178% gains in a month while the crypto markets crashed

Crypto markets are crashing, but click here and watch this video carefully:

Notice how there’s only ONE coin in the top 100 cryptocurrencies which is green? Yup, that’s mine. In fact, in between taking that video and writing this post, DGD has gone up from 25% to 40% 60% now.

How much did I make on this trade? For sake of simplicity, let’s just assume I bought 5 DGD coins.


  • 1 eth = USD 660 (my buy price)
  • 1 DGD = 0.2 eth
  • Cost for 5 DGD = USD 660 
  • 1 DGD = 0.4 eth
  • 1 eth = USD 920
  • Total for 5 DGD = 2 eth = USD 1,840
That’s a 178% gain in just 2 months.
But you know what? I’m not going to cash out. In fact, I’m reinvesting it back into the crypto markets. Call me crazy if you will, but I’m buying the dip.

The entire market is bleeding but my portfolio is still green (thank god!). I would attribute it to both luck and skill – by not buying shitcoins (like Ripple *cough* read my take on XRP here and here).


Those who bought on 4 Jan 2018 and held till now:



Gain / Loss


USD 170

USD 350



USD 2.20

USD 0.78


Still think crypto is purely speculation or…luck?

With love,
Budget Babe

Don’t trust mainstream media for crypto news

Do not trust the mainstream media when it comes to news in the crypto universe, because most of them can’t even get their facts right.

Previously, we’ve seen how mainstream media outlets screwed up when they reported that South Korea was banning cryptocurrency. The FUD news spread like wildfire, when in fact South Korea has no such intention.

A lot of the news have either proven to be completely false, or was blown out of proportion. If you’re worried, I’ll try to clarify all the FUD here one by one.

1. India government bans Bitcoin and cryptocurrencies

Indian Finance Minister Arun Jaitley said this during yesterday’s Budget session in parliament:

“Distributed Ledger System on the Blockchain technology allows organisation of any change of records or transactions without the need of any intermediaries. The Government does not consider Cryptocurrencies as Legal Tender or Coin and will take all measures to eliminate the use of these Crypto Assets in Financing Illegitimate Activities or a Part of the Payment System. The Government will explore use of Blockchain technology proactively for assuring in Digital Economy.”

All he did was to merely reiterate India’s stance that they will take measures to prevent illicit activities funded by the use of cryptocurrencies. This concern is valid and similar to what many other countries around the world has publicly announced. However, note how mainstream media blew this out of proportion by covering it as an outright ban:

See the screencaps below. Image credits belong to the respective sites.

2. South Korea government bans Bitcoin and cryptocurrencies

Earlier this month, mainstream media reported that South Korea was banning Bitcoin and crypto. Their Finance Minister Kim Dong-yeon then stepped out to clarify that the government had no intention to ban or suppress the cryptocurrency market, and that their immediate task was to regulate exchanges by allowing only real-name bank accounts to be used for crypto trading. This rule is to prevent bitcoin and other crypto from being used for money laundering and other crimes – exactly the same as what India is looking into.

3. Japanese exchange CoinCheck was hacked, more than $500 million stolen

Yes, hackers did managed to steal $500 million worth of NEM (another crypto), but note how mainstream media blew the whole saga out of proportion, which then triggered panic selling in the markets. But not all the media outlets who reported this hack actually bothered to continue part 2 of the story – that CoinCheck was refunding investors who had lost money in the hack.

Why just spread bad news and not the good news? I’ll leave you to ponder on that question yourself.

4. US regulators subpoena crypto exchange Bitfinex amidst crackdown into Tether 

Another round of panic selling was triggered, no thanks to Bloomberg’s report that originally stated Bitfinex was recently sent a subpoena. Bloomberg later edited their article to clarify that the subpoena was sent in December.

5. Crypto markets have been artificially inflated by the printing of tether (USDT). Once it crashes, it will wipe out anywhere from 10% to 80% of the crypto market.

The total value of tether stands at approximately 2 billion, which is just 4% of the total crypto market cap at time of writing. To say it’ll bring the crypto markets down by 80% is just a gross exaggeration.

6. Facebook banning ads on Bitcoin and ICOs.

Why get worried when this is a move that should be applauded? There has been a growing number of scam ICOs and fake crypto investment websites that have been advertising on Facebook, which has honestly been riling a lot of investors in the community. In my view, Facebook is doing the right thing by saving their users from falling for such scams. Out of sight, out of mind!

I don’t know about you, but my crypto portfolio is still very much in the green (although my profits are dropping together with the entire market). In fact, I’m buying even more crypto during all these dips. But no, don’t ask me what I’m buying (you’ll have to subscribe to my Patreon to get insider tips on that!)

If you’re scared, then perhaps the crypto markets aren’t for you. But while everyone is selling, I’m instead shopping to buy more. What about you?

With love,
Budget Babe

Here’s how a crypto ponzi scheme looks like

Breaking news: This is probably the only time you’ll ever see Budget Babe promote and invest into a Ponzi Scheme. The horror!!!!!!!!So I just came across one of the most impressive and smartest crypto projects I’ve ever seen. In fact, the entire scheme…

What will it take to get influencers to be honest about sponsored posts?

Did 4 separate local influencers suddenly wake up this week and decided they wanted to post a (glowing) review of Lancome’s Ultra Wear Foundation, or did they conveniently decided they’ll sneak an ad on us without disclosing that they were sponsored?

I would have (almost…or not) believed it was an organic review and they genuinely all just happened to want to rave about how amazing Lancome’s foundation is. That is, until you see how glaringly similar all the messages are:

  • The Ultra Wear Foundation by Lancome
  • Matte / like a second skin / flawless
  • Provides a link to Lancome’s page for followers to claim a free sample to try

(Note: I do not own any credits for any of the photos below. All screenshots taken from the named Instagram profiles.)

As a consumer on Instagram, I absolutely HATE being lied to. And when someone try to pass off a sponsored review as an organic opinion of their own, that’s definitely lying as I see it.

Whether or not this was a paid post or they were sponsored in kind (with the product), I’m sure we can all agree that the hashtags #sp #sponsored or #ad should have been clearly stated here. 

Now, an influencer posting a sponsored review doesn’t necessarily mean they are lying about their thoughts towards the product or service. But the way I see it, an influencer posting a sponsored review without disclosing that a sponsored affiliation exists is clearly demonstrating their lack of integrity and ethics.

But what if they weren’t paid in cash to do so? Well, I’ll quote the ASAS here on what defines a sponsored relationship:

The last time I called out something similar, some influencers went back to sneakily add in the sponsored disclosure hashtag while remaining completely silent (read the UOB Krisflyer expose here). Let’s see if the same happens this time. 

What’s so difficult about disclosing sponsored relationships? Or are people afraid that their followers won’t trust them anymore if they know the review was sponsored? -.-

We need to insist on higher standards in influencer marketing, and it is up to you and me to change it. If you’re an influencer yourself, start by being open and honest with your readers. If you’re a reader or follower, call out your favourite influencers when they fail to disclose sponsorships. Because you know, maybe they really did happen to just…forget.

With love,
Budget Babe

Legitcoin – is this ICO really legitimate?

“Biggest ICO project of 2018”!
“1 coin is predicted to reach $70 by March 2018!”

Someone tried shilling a new ICO (initial coin offering) to me recently and after just 15 minutes, I was so convinced and believe this to be another outright scam, so I’m documenting this here for us all to come back in March 2018 to see what happens.

A little intro into Legitcoin: they claim to be:

  1. The “biggest ICO project of 2018” 
  2. Legitcoin “will be one of the fastest blockchains ever made”
  3. Will be listed on Bittrex and HiBTC (I think they mean HitBTC, LOL!)
  4. Registered users are “entitled to free Legitcard for ATM cash withdrawal of Legitcoin or any cryptocurrency worldwide”
  5. Moreover, they promise that Legitcoin will be “accepted online by merchants in an increasing number of countries”

Let’s delve a little deeper into each of these claims.

1. Biggest ICO project of 2018? Really? Who described them as so? Why did I not see this bold claim anywhere else except on their own website, and from those shilling Legitcoin online?

2. Fastest blockchains ever made? Really? It isn’t that easy to build a fast (not to mention secure and scalable) blockchain overnight. Just compare Bitcoin and Ethereum to see how long their developments took. On top of that, try beating RaiBlocks (XRB) first and then maybe I’ll reconsider the merits of this claim.

3. Exchange listings doesn’t make it any more legit. There are shitcoins on Bittrex and HitBTC too!

4. Really? Other teams such as those from TenX and Monaco have been working on ATM cards for the longest time, and they’re still encountering issues. Their cards are also limited to selected cryptocurrencies. Oh, they also have much bigger teams working on it, by the way. What secret does Legitcoin’s team of 3 have to be able to do this in record time?

5. Bitcoin took years before it started gaining acceptance as a mode of payment. Other cryptocurrencies like Dash, Litecoin and RaiBlocks are still working on achieving this level of traction. What does Legitcoin have that is capable of this shortcut?

My wild guess is that either this ICO will magically disappear after collecting the funds, or this could happen instead:
– Whales buying coins upon listing to push up the price and try to hit promise of $70 by March 2018. The aim is to create buying pressure so that other investors will FOMO in and start buying Legitcoin, believing it to be the next big thing.
– This scheme could eventually will collapse when funds run out to prop up the price.

Let’s not forget that their team profiles do not have any external links to verify their claims either. I have no clue where this Mark Lee, Steve Forster and Jessica Leed popped up from. Maybe I’m being too skeptical, but their names sound so common that I suspect these are all falsified identities meant to give naive investors a false sense of reassurance, as if this team truly exists. Just putting a real-life photo (and a video of “Jessica Leed” speaking) doesn’t help to convince me.

Read the write-ups and decide for yourself. Oh, and check out “Jessica Leed” here too:

But BB, what if Legitcoin really hits $70 in 2 months?
There’s also a 50% chance that this whole thing could go to zero. I’ll rather stay safe and stay out. Your choice!

Need a better ICO idea? Here’s what I have my eyes on right now.

With love,

BITCONNECT IS BACK! Please don’t fall for this a second time!

Fool me once, shame on you.
Fool me twice, shame on me.

Round One

Earlier last year, I had warned readers about various scams in the Bitcoin space – including Bitcoin mining, Bitconnect, and even local scammers trying to cheat you of your money by hopping onto the Bitcoin hype train. I did this through various social media channels – at events, through the mailing list, on Facebook and even IG stories.

I slammed Bitconnect for being a downright Ponzi scheme, but obviously my words were drowned out by all the Youtubers and other famous social media influencers who had only good things to say about it.

Among them were CryptoNick and Cryptochick (also how I first came to know of Bitconnect), who have over 200,000 subscribers between them. It was already clear by November that these guys had a vested interest to promote Bitconnect even though so many of us were calling it a downright Ponzi scheme, and made a killing by promoting their Bitconnect referrals to their clueless fans and followers. Fun fact: CryptoNick made over $500,000 through his Bitconnect referrals while Doug Polk seems to have made $900,000 before the whole scheme collapsed.

Need proof? Here’s a screenshot evidence for you non-believers.

Some of the common objections raised:

CryptoNick sounds really smart and makes really smart videos though! He even sells investment courses in crypto! Plus he’s made a ton of money from this so it seems legit.
Yeah, he made money from your referrals that’s why. Dude sells investment courses in crypto and doesn’t even know what a private wallet key is.

But they’ve earned so much from Bitconnect and for so long! If it were a Ponzi scheme surely it would have collapsed by now…
Took long enough, but yes here you go!

These guys have so many subscribers and followers on Youtube. If it were a scam then why would they show their real face online? Surely they won’t risk their reputation like that.
Not so sure about this man, some of the biggest scammers in history were also the most prolific and still got away with all that money.


  • BitConnect was a Ponzi scheme that survived for as long as it did thanks to social media “influencers” who earned a whole bunch of referral money from promoting it to their followers.
  • It promised high interests and guaranteed yield for lending one’s Bitcoins to the platform, which needed to be exchanged into BCC tokens. For what it’s worth, payouts were indeed given (until they were no longer unsustainable).
  • BitConnect was served legal letters by regulators.
  • BitConnect is refunding their customers with BCC tokens (instead of BTC), which are close to worthless now, having dropped 95% in the last 24 hours.

See, I did warn you guys. Read on for a second warning.

But BB, why only warn through the mailing list instead of putting it publicly?
Because the last time I warned the public of another scam (here in Singapore), I got sued by the founder. While protecting the interest of everyone who reads this blog, who’s gonna protect mine? That was when I realised I had to be extra careful when it comes to exposing such acts from now, especially if the people behind the scams are rich and can easily spend a few thousands of their (dirty) money to take smaller folks like me and my warnings down. That’s the reason why the mailing list (sign-up box on your left) exists. No sales and no giving away of your emails, ever.

Anyway, I could go on, but that’s not really what I’m here for. Now that you have a rough introduction to the history of Bitconnect and why so many people fell for it, let’s get to the main point of this post, shall we?

Round Two

What prompted me to get down to writing this is because…Bitconnect is back! V2.0

I kid you not. They’ve changed their name and colour scheme, but it is most certainly them alright. How do I know? Because it is being promoted on their original website, that’s why. And I’m documenting this as hard, solid evidence so the next time you encounter a disbeliever of Bitconnect BitconnectX, you can just refer them to this post.

Heck, they’re even running an ICO (initial coin offering)! Why not right, since ICOs are so hot right now?

All images from

I won’t be surprised if a new group of investors fall for this again, especially since BitConnect X seems to be more intelligently thought out this time. Look at all the terms that are being thrown around – decentralized, PoS, PoW – and their roadmap even states development of mobile wallets and exchanges (this sounds a lot like some other legitimate projects, doesn’t it?)

I’ll tell you what is missing – the team. Why?

Go figure 😉

Please don’t fall for this a second time.

With love,

Why I Won’t Be Using My CPF To Pay For My House

For those of you who attended my sharing at the CPF Talk on 22 Oct, I mentioned that I have no intention to use my CPF to pay for my new house.

Naturally, this raised quite a few eyebrows, because 8 in 10 Singaporeans pay for their house using their CPF Ordinary Account (OA) savings.

But you heard me right.

What I feel my CPF is for

Now, before you go bat crazy on me, please hear me out first.

In my view, my CPF forms my “untouchable” pot of retirement gold. It is my social security net when I am old and too tired to work for an income.

When viewed as part of my entire financial portfolio, the CPF component contributes to the “bond” aspect – low risk with reasonably high interest rates.

With an interest rate of up to 3.5% per annum on my Ordinary Account savings, and up to 5% per annum on my Special Account and Medisave savings*,  I get to enjoy interest that no high-yield bank account can offer. You can jump through as many hoops as you can on those accounts, but you’re unlikely to even come close to 3.5% interest on your bank savings.

*Inclusive of an extra 1% interest paid on the first $60,000 of a member’s combined balances, of which up to $20,000 comes from your Ordinary Account (OA). Members aged 55 and above will also receive an additional 1% extra interest on the first $30,000 of their combined balances, with up to $20,000 from your OA.

If I were to use my CPF OA to pay for my home today, I am basically borrowing from my retirement funds for today’s expenses. That potentially leaves me with lesser money for my future.

In fact, if I do use my CPF OA, I will then owe my retirement fund that capital (the amount I had withdrawn to pay for my house i.e. principal sum) AND accrued interest.

Accrued interest is the interest my CPF savings would have earned if I did not withdraw it.

You can love or hate the CPF accrued interest (I’m with the former), but its function remains the same: to grow your CPF monies for your retirement. If you withdraw from it today, you have to make sure you are more diligent in saving up for your retirement beyond what you currently have in your CPF.

In short, the more CPF monies you use for your house today, the less you leave for your retirement.

Why I feel using cash to pay is better

Some Singaporeans, especially young married couples fresh out of university, may have no choice but to turn to their CPF in order to finance their monthly mortgage because cash isn’t an option at hand.

My husband and I aren’t cash-rich, but we’ve been diligently cutting our discretionary expenses and saving over the past two years to ensure we’ll have enough money to pay for our home…without needing to dip into our CPF reserves.

You see, if I were to leave my CPF-OA untouched, my money can grow by 2.5% every year. Compound this over 40 years and that accumulates into a tidy sum.

Who should use CPF instead of cash then?

However, some prefer to have more liquidity (i.e. cash) on hand for emergencies. If so, using CPF instead of cash to finance their house would be a better option.

The caveat, however, is that you have to be disciplined and set aside your own retirement fund.

Should I refinance or pay off my home loan using CPF-OA now?

If you already have an outstanding home loan, a common question most Singaporeans ask themselves is whether they should quickly clear off their housing debt using their CPF-OA (and celebrate being debt-free) OR refinance their home loan instead.

What’s the difference, and which is the smarter choice?

I personally would prefer to opt for refinancing, because all I would need to do is to find a bank loan^ with an interest rate lower than 2.5% (which is the CPF-OA’s interest rate).

In other words, you could either:

       Pay the bank 1.85% interest while earning 2.5% in your CPF-OA, or

       Pay (your own) CPF 2.5% interest

Option 1

Refinance with bank loan

Option 2

Pay off full outstanding sum
using CPF OA

Interest paid in first year

$250,000 x 1.85% = $4,625

$250,000 x 2.5% = $6,250

(This is the accrued interest that your CPF savings would have earned for your retirement.)

Interest gain or accrued in CPF in first year

$250,000 x 2.5% = $6,250


Nett loss / gain

+ $1,625

         – $6,250        

The bottom line is, as long as you can get a bank loan where the interest rate is less than the CPF-OA interest rate, it makes more sense to refinance and pay your bank loan using cash instead. There are plenty of such loans available, and
if you need to understand more on how home loans work, I’ve previously written about it here.

Furthermore, your nett gain of 0.65% is then compounded over time (2.5% minus 1.85%).

^ Just note that bank loans are subject to market fluctuations. On the other hand, HDB loans will always be pegged at 0.10% above the prevailing CPF Ordinary Account (OA) interest rate.


There is nothing wrong with using CPF to pay for your house, because for some it’s the only option. But in my opinion, with careful planning, cash is still the smarter option.

This is also because I personally see my CPF as my retirement fund, something to grow instead of withdraw from.

But if you still choose to use your CPF, just remember that you have to pay the principal sum and accrued interest back to yourself. It is for your own retirement after all.

If you want to understand how your home can help with your retirement, here’s an interesting video by CPF that explains more:  

Disclaimer: This post is written in collaboration with CPF Board. All opinions are of my own. 

What should you consider before taking out a vehicle loan?

Not many of us are fortunate enough to be able to pay for our vehicle in full using cash. As a result, we usually have to resort to taking out a loan in order to finance our purchase. A few of you have asked me to write about our own thought process when we got our car last month, so here’s me continuing this as Part 2 of my previous post here.

The first thing you’ll want to do before you decide to even go ahead and get that car, is to first check your finances to ensure you don’t end up stretching yourself too thin with loan repayments later on.

Liquidity vs. loan interests – What can I afford?

Depending on the Open Market Value (OMV) of your car, you can get maximum financing of up to 60% or 70% of the OMV. If the OMV of the car is below S$20,000, then you can get financing up to 70% and cars with OMV of S$20,000; above that is up to 60%.

But this doesn’t mean that you absolutely have to take the maximum financing offered to you! If you have cash to spare, there are two options you can consider:

1.     Should I make a larger downpayment in cash and take a smaller loan?

2.     Should I spread my repayments over a longer or shorter loan duration?

Always be wary of car brokers, because while there are some good dealers around, there are also plenty who are simply out to sell you a junk car and reap fat profits off the sale. Many of the dealers will also offer you stuff like an in-house loan and an extended loan tenure. “So you pay less every month, no need to worry!” they will sing. Please be smart and don’t fall for their tricks.

If you have cash to spare, a lower loan quantum and/or a shorter loan tenure will result in you paying less interest at the end of the day.

 Repayments terms and early repayment penalties

Make sure you read the repayment terms of your loan carefully. For instance, banks such as DBS, POSB and Maybank charge an early redemption fee of 20% of the total interest payable + an additional 1% of the original loan amount as an early redemption fee. You might want to pull out your calculator and look into this before running to the bank with your cheque book.


When we were in the car dealer’s office, the broker got my husband to sign on a multitude of pages without even checking, under the pretext of time and that “I’ve got you covered, bro. Don’t worry, all these clauses are the standard ones. You’ll get a copy of everything you signed, don’t worry.”

But because I was there, I stopped him from taking all our documents before I was done reading and checking every page. Yes, it took up more of his time, but what’s a few more minutes when they’re earning big commissions from your purchase? Don’t let them make you feel bad for wanting to protect your own interests and make sure you aren’t being scammed.

Even if you trust them (but I never trust anyone 100% except myself when it comes to money), please be sure to read though every single page! Yes, I know the document is thick, but if you fail to check and you end up signing your life away to some exorbitant interest rate or dubious terms that you weren’t aware of…no one is going to save you afterward.

Should you get a new car or settle for a used car?

Of course it goes without saying that used cars are cheaper to own than new cars (under the same category obviously). But are the loans on used cars cheaper as well? Unfortunately, not always. Here’s an example.

This is the difference between OCBC New Car Loan and Used Car Loan rates:

No matter which loan tenure you choose, you will be making more interest payments on a used car loan when compared to a new car loan.

Another aspect that you need to address when deciding between a new car and a used car is that financing options are limited for the latter. The older your car, the more limited your choices become. We got a 10-year-old secondhand car, and many of the more well-established banks did not offer loans for secondhand vehicles that old, so we ended up going with a smaller player (which wasn’t my first choice. I was aiming to go for a DBS or OCBC loan, but we literally had no choice as our car was too old). Almost all top banks including DBS/POSB, OCBC and UOB among others offer car loans for new purchases. However, not all offer the same options for used car purchases.

If you’re strapped for cash, a used car might not be the best option for the long haul anyway. Should you decide to extend the use of your car beyond 10 years, you will forgo your Preferential Additional Registration Fee (PARF) rebate, incur an additional surcharge on your road tax and even getting good insurance cover will be a problem.

So, with a new car purchase, you don’t have to worry about your car for the next 10 years but with a used car, the older it is, the closer you are to worrying about the exact same situation again if you’re planning to have a vehicle for a long time.

Are you planning to keep the car for long or looking to part ways in the near future?

This decision can greatly affect all the above considerations. For instance, let’s say you’re not set on retaining your car for more than a few years and looking to change or upgrade to a better car somewhere down the road. Have you accounted for this when choosing your repayment tenure, especially if there are early repayment penalties charged if you terminate early?

If you’ve taken a car loan for a tenure of 6 years and are planning to keep your car only for 3, then your plan is flawed; you can either terminate your loan early by paying the outstanding balance and the early redemption fee, or you have to keep the car for the next 3 years.

However, borrowing from the previous point, if you’re planning to change your car down the line, a used car might do you some good. That’s because your overall cost to get moving on the road with your car will be cheaper and you can afford a shorter tenure. Getting a used car might even let you save for your dream car without tampering with the convenience factor of owning your own vehicle to get to places. Of course, there’s also the intangible benefits such as not having to worry about train breakdowns, or not being able to get a cab anymore.

Who’s paying for the car? Can you afford the monthly repayments?

Another important point to consider is if the car belongs to the both of you, or if it’ll mostly be used by your spouse alone.

In my case, I hate driving on the roads (especially as road rage by some other drivers towards a female drivers is really terrible) so I was not for the idea of getting our own car at all. However, my husband needed it for work, and we did our calculations before realising that the amount he spends every month on Grab and Uber are almost equivalent to what our friend spends on his car every month (not to mention the inconvenience and stress of not being able to get a ride).

Should we spend a bit more money every month for the time savings and convenience that a car affords? After evaluating the decision for months, we finally decided to go ahead.

Since my husband will be the only one driving the car, and since he earns a higher income than I do, we both agreed that he will pay for the car in its entirety.

Always make sure that you never spread yourself too thin with your loan repayments. If you have to dip into your retirement savings or even borrow just to finance your purchase and loan, then perhaps you might want to reconsider if you realllllllly need it.

I hope this helps! Many thanks to the team at who helped to offer some ideas on what we should look out for.

Disclaimer: This post was written in collaboration with BankBazaar.sgAll opinions are of my own.

Good luck to those of you who invested in XRP (Ripple tokens)

For those of you who have been reading this space for quite some time, you know that I don’t often write negative stuff here. However, I make an exception when I feel that it is something in the public interest to know, or it is an important expose to make because people are getting misled. 

I wrote about Ripple (XRP) tokens a few days ago because I could no longer take how people were being blindsided by the mass media and various online “influencers” into buying it.

If you’re new to crypto, please read these first:

Source: Twitter (first shared by my friend G)

Why do people believe that the value of XRP tokens are connected to the success of Ripple as a company?

I don’t doubt that the Ripple system is being used by banks  to great success. I also think that they have a long runway to grow in terms of acquiring more clients and attracting more financial institutions onboard. But I’m wary about the XRP tokens, which are presently not being used as much as the Ripple system is. 

My other concerns about investing in XRP can be found in an extensive analysis here so I won’t be repeating myself.

Source: Twitter and CNBC where over USD 30k was spent on buying XRP during the show
I also know of someone who bought XRP because of this:

So to all of you who bought because you saw it on mass / social media without really understanding how disconnected the XRP tokens are from the Ripple system…I can only wish you good luck, especially if you bought Ripple at $3 or higher believing that its value will only go up.

Take a look at XRP today:

Look at all those people who panic sold without understanding why XRP’s price was reduced on CMC. This is what happens when you buy a coin you don’t believe in, or when you buy shitcoins.
Can it go up higher? Sure. Can it go down? Yes, because my opinion is it is an absolute travesty that a coin with barely any utility value right now has a $100 billion market cap.

You’re free to disagree with my opinion. In the meantime, I’m staying far, far away from XRP.

Ain’t no love for XRP.
Signing off,