Category: The New Savvy

Top 5 Tips to Prevent Your Baggage from Getting Lost on Your Next Trip

There’s nothing like the feeling of stepping off a plane, ready to enjoy a well-earned vacation and realising after an hour of waiting at the baggage claim that somehow your luggage didn’t quite make the trip with you. And we’re all acquainted with how frustrating it can be when our airlines seem not to have the faintest clue why our suitcases have been delayed or, even worse, seem to have vanished into the mist. It’s in every traveller’s best interest to rig the odds in your favour as much as possible to avoid having baggage problems when you fly. That’s why our team has compiled this list of the top 5 ways you can prevent baggage problems from ruining your next trip overseas. 1. Fly direct whenever possible Sometimes flights with one or two layovers can be cheaper than non-stops. However, according to SITA’s 2017 Baggage Report, 47% of all cases of delayed bags occurred in between connecting flights. So if you’re determined to minimise the odds your luggage gets lost or delayed, we’d recommend that you fly direct whenever possible. If you do have to make a connection, it is advisable to avoid layovers that are very brief, as extremely

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Top 5 Tips For Planning Your Dream Wedding Without Compromising Your Budget

It’s no secret that weddings are becoming rapidly more expensive by the day in Singapore. However, there’s no easy way of cutting down on your costs without compromising on the ceremony of your dreams. Sure, it might be cheaper to book your ceremony not on a Saturday, but that can really sacrifice the availability of your honored guests. Luckily, there are financial tools and tips that can help you save a meaningful amount of money while still holding up the quality of your wedding. Here, we discuss some of the best recommendations compiled by our team. Use Credit Cards To Pay For Your Wedding Needs When you are paying for your wedding banquet, honeymoon, wedding dress and such, it’s almost foolish to not to use credit cards. Because most of your bookings and purchases will be in excess of tens of thousands of dollars, choosing the proper card can easily save you in excess of thousands of dollars. However, there are two rules that you should generally follow when choosing which card to use for your wedding expenses. First, you should prioritize cards with high or no cap on awards that you can win. For instance, while most cashback cards have the monthly or quarterly

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How Much Does It Cost To Hire A Nanny In Hong Kong?

When you are a working mother, one of the most important things you need to do is hire a nanny. You need someone you can trust enough to care for your children while you are out there taking care of business or working for a living. In Hong Kong, hiring a nanny will cost you at least HK$4,210 a month. This is the required minimum wage for foreign domestic helpers. There are other expenses like food allowance that you need to pay if you don’t provide them with food. Nevertheless, hiring a nanny is a common practice in Hong Kong since in many families, both parents work, considering how expensive it is to live here. Hong Kong’s Labour Department stated that the practice of hiring nannies started in the 1970s. The government allowed foreign domestic helpers or FDHs to work in the region to address the shortage of such workers. It even went as far as to create labour policies that will allow the workers to work legally while being entitled to rights and protection. This means that it will be easy for you to hire a nanny to look after domestic work – and especially to care for your

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Does Travel Insurance Cover You If Your Flight is Cancelled Due to Haze?

Singaporeans are intimately familiar with the nuisance that is haze. Whether the smog making it difficult for you to see down the street is due to automobile pollution or to forest fires raging in Indonesia, we’d much rather it not negatively impact our daily lives. But what if your vacation or business travel plans are disrupted because the haze is so thick that your plane can’t safely fly? While there’s not much you can do to get your plane off the tarmac, you might look to your travel insurance plan to at least help reimburse you for your lost time and considerable inconvenience. But what you may not realize is that some insurers may refuse claims for flight cancellations or delays that were caused by haze. Our team took a closer look at this issue to find out which Singapore insurers you can trust the next time you book a trip to Beijing. Why Wouldn’t Haze be Covered? Any reading of a travel insurance policy will show you that trip inconvenience caused by adverse circumstances with a natural cause or poor weather conditions will tend to be covered. Flood? You’re covered. Earthquake? You’re covered. Tropical storm? You’re covered. Many policies

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How To Become Eligible For Public Housing In Hong Kong

There are various reasons why public housing in Hong Kong is popular. First of all, it is the cheapest option to get decent housing. This region is one of the most densely populated in the world. Not only that, the prices of real estate are also one of…

How Social Media Can Help Or Harm Your Career

Social media has become an integral part of our lives in the last decade. We connect to our friends, family, and even acquaintances through social media websites such as Facebook, Twitter, and Instagram. Each and every second, a new blog post or photograph is uploaded to the Internet for all the world to see; including people’s bosses and colleagues. Now, depending on who you ask, a person might say that social media has more benefits than drawbacks and vice versa. We will take a close look at how social media can affect your professional life and the environment of your workplace. Here are some useful tips to keep your professional social media game on point.   Connect with people from your workplace One of the biggest factors that can help you move up the corporate ladder is how many people you know and how important these people are. With websites like Linkedin that cater specifically to professionals and deal with work-related matters, it has never been easier to stay connected with people in your work life. Connections are an important part of a person’s professional life so be sure to add any former or current colleagues on your social media

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Investing & Trading Straits Times Index- Which One is More Suitable For Me?

Do you know that you can leverage on the Straits Times Index (STI) with two different approaches? Trading and investment are two sides of a coin yet they aim to maximise profits from the financial markets. Before we look more in-depth into the approaches, let’s understand what STI is: “ The FTSE Straits Times Index (STI) is a capitalisation weighted stock market index that is regarded as the benchmark index for the Singapore stock market. It tracks the performance of the top 30 companies listed on the Singapore Exchange.” – Wikipedia STI is an index fund that is popular among retail investors because of its simplicity. As a normal investor, you do not need a brokerage account or deposit to purchase a portion of the index. Instead, you can simply approach your bank to ask about the transaction. An index fund is different from an ETF (Exchange Traded Fund) in many aspects. One of the differences between the two is the dividend policy. Index funds invest their dividends immediately while ETFs retain the earnings until the company distributes its dividends among the stakeholders at the end of each quarter. Interested in ETFs? Get To Know The STI ETF In Singapore STI as

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Financial Advice For Life After Divorce In Hong Kong

Life after divorce in Hong Kong, or anywhere for that matter, is not easy to survive – emotionally and financially. South China Morning Post reported that the divorce rate in Hong Kong shot up to 23,255 in 2012 from 2,062 in 1981. The primary concern during divorce is the children – and it is rightfully so because they are the ones who will be affected negatively. Divorce can also hurt you financially, as mentioned earlier. This is why you need financial tips that will help you get through it.   Immediate financial tasks after divorce Financial tips may be far from your mind while you are going through a divorce. There are so many things to do, documents to produce and statements to make. You are fighting for what you believe should end up as yours. In essence, apart from the custody of the children, the divorce proceeding is actually a battle for your financial rights. You are going to discuss how much of your acquired assets and finances will be given to you. While there are divorce proceedings that go smoothly and without a fight, there are those that end up being too ugly and destructive. If you happen to go through

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3 Amazing Benefits of Exchange Traded Funds (ETFs)

In the financial world, Exchange Traded Funds (ETFs) are like the new kid on the block. The new, ambitious, entrepreneur-y -type kid. It’s like it came out of nowhere and disrupted the market. Unfamiliar with the term? Here’s all you need to know to be familiar with it. ETFs have been around for some time. However, they grew in popularity at an incredible rate since 2006. Mutual funds – long touted as the safe and default option for new and old investors alike – are now second in popularity. Guess what took the first spot? Yes, ETFs. This was confirmed by the survey results of ‘2015 Trends in Investing Survey: Where Financial Advisers are Investing Now‘, of which 97% of its 303 respondents were CFP™-certified (Certified Financial Planner), online financial advisors. What made ETFs so popular? Here are the 3 amazing benefits. ETFs Make Diversification Easy Have you heard of the phrase ‘Don’t put all your eggs in one basket’? Of course, you have. In investing, this means that you shouldn’t focus on just one investment vehicle. Even if you are confident in the potential performance of a type of investment option (let’s say, stocks), you should still invest in

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