Category: The New Savvy

How to Save on Online Beauty Purchases

Beauty products and cosmetics are the yins to every woman’s yang. Frankly put, beauty products and cosmetics are not a tool to hide behind but rather to enhance one’s natural beauty. Take a look at Prince Harry’s current squeeze, Meghan Markle for instance. Instead of hiding her naturally freckled face with layers of foundation, she decides to play up her stunning eyes with loads of kohl and smoky eye makeup. You can also recreate Meghan’s stunning Princess transformation with the cheaper alternative to the right beauty tools but also this time without actually leaving the comforts of your home. These days, more consumers are going digital for their beauty shopping needs. In Singapore, e-commerce is thriving and the beauty industry is no exception to the rule: the 3 most visited online beauty shops count almost 6 million visits per year in Singapore alone. While you plan out which Meghan Markle look you want to recreate for that weekly savvy date night, we gathered some tips and hacks to help you shop for your needs at the most visited beauty retailers in Singapore! 1st place: Sephora Singapore (4,851,425 visits per year in Singapore) Use couponing websites: If you want to save

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Good and Bad Ways of Using Your CPF Money

Everyone has a different opinion on whether CPF is a good thing or a bad thing. However, the answer to this question isn’t that relevant for most people since making CPF contribution is an unchangeable fact of life, at least as for now. Rather, what is worth pondering on is how we can best use the fund that is sitting in our CPF accounts since this is something we can actually decide and act on. However, there is also a plethora of opinions online on how to do this well: here, we discuss the good and bad ways of using your CPF money in an attempt to shine some clarity on this topic. It’s all about cost vs benefit analysis When judging which are the good and bad ways of utilising CPF, you must always consider how the benefit compare against the cost of drawing down on your CPF account. The cost side of the math is actually quite simple: by withdrawing funds from your CPF account to pay for things, you are forgoing the 2.5% to 5% yield that is guaranteed by the government. Therefore, the economic gain you can achieve from using your CPF money elsewhere has to outweigh

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Singapore Fintech Association: Driving Financial Technology To Greater Heights

When it comes to financial technology, the Singapore Fintech Association is one of the leading organisations that comes to mind. Also known as SFA for short, this non-profit organisation offers a unique platform for various stakeholders. At least, within the FinTech Industry in Singapore. The goal is to provide them with a platform that will allow them to collaborate and work together. It opens a convenient channel so members and industry players can communicate and solve issues that are relevant to them. Three C’s of Singapore Fintech Association As one of the leading proponents in the financial industry’s digital age, the SFA is bent on making an impact in the lives of consumers and businesses alike. The group is guided by a three-pronged approach in pushing the group into the 21st century. Collaboration. The organisation provides an open platform for engagement to help stakeholders promote the industry’s best practices. As a result, this enables them to discuss and find solutions to challenges they face individually and as an organisation. Connect. The SFA believes that building relationships is important in the progress of the FinTech community. This is why the organisation aims to connect the members to regional and international groups

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Breast Cancer in Singapore – 7 Facts You Must Know

This article is from Lucence Diagnostics. October is Breast Cancer Awareness Month, with pink ribbons galore! As doctors, we are commonly on the receiving end of all kinds of queries: “Doctor, will I get breast cancer?”, “Doctor, how can I reduce my risk?” So here are seven interesting facts that might help you answer those questions better. 1. Breast Cancer Risk of Individual Women is Calculated Differently Here A large prospective study started right here in Singapore in 1993, involving over 28,000 women1. Nearly twenty years later in 2012, the study reported that the commonly used Gail model for cancer risk didn’t work very well in Singapore. Not unexpectedly, an Asian-American model was determined to model individual cancer risk better. Full disclosure: our medical director was a senior author on that work then. 2. Family History of Breast Cancer is Much More Important Than Thought Singapore’s best-known health correspondent summarized it best: “A Singapore woman with a mother, sister or daughter with breast cancer is four times more likely to get it too, compared to someone with no such family history… Previously, based on the Western yardstick, those with a family history were thought to have double the risk.”2 3. Mortality is Stable but Incidence is Rising

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Is Emergency Home Assistance Service Actually Useful?

An increasing number of insurance companies in Singapore is beginning to offer a service called “24-Hour Emergency Home Assistance.” Essentially, this service ensures that the insurance company secures and pays for certain emergency home repairs like plumbing, electricity, locksmith and pest control issues. But are they really useful service that you should get? Whether this service is valuable depends largely on three factors: how often these emergencies occur, how expensive they are to resolve and how expensive the emergency service itself is to purchase. Here, we examine some facts and opine on the value of this service based on facts. How often do these events occur? There aren’t great statistics on how often pests or plumbing problems occur for a regular household in Singapore. Not only that, the likelihood of someone experiencing a pest, pipe leakage or locked doors also depends heavily on the person’s personal habits and living conditions. Organised and neat people living in new residences are very unlikely to find bed bugs or roaches in their apartments; in contrast, people who keep dirty dishes piled up in their sinks could find pests to be a problem occasionally, especially if they live in old buildings. All things considered,

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Public Or Private Housing In Hong Kong: What Type Of Property Should You Buy?

Buying a property in Hong Kong is an exciting yet a very expensive experience. This is why you need to be very careful about how you will go about it. One of the decisions that you have to make is what type of property you will buy. The price that you have to pay for a property in Hong Kong depends on various factors. The location will certainly come into play. With more than seven million people squeezing in a 427-sqm land, it can become quite pricey. Not only that, your income will determine how much you can afford to borrow – thus setting the price range of the house you can buy. An important consideration when you are buying a house in Hong Kong is the type of property you will buy. In this region, you have two options: public housing and private housing. According to the Gov.hk website, housing demand in Hong Kong is quite great. The government targets to supply 480,000 units between 2015 and 2025. This is split to 290,000 for public housing and 190,000 for private housing. Although there are many units available, you need to make a smart decision about what type of property

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Social Egg Freezing Perceived As A Biological Insurance

Social egg freezing is perceived by a lot of women as some form of biological insurance. Technically referred to as elective oocyte freezing (EOF), this is a go-to option for some women. At least, those who choose to start a family later on in life. Freezing their eggs and keeping it safely tucked away in a clinic guarantees that they can have babies later on. This is one of the options Singaporean women are starting to consider. This is especially with the way marriage and childbirth are panning out in the country. Apparently, the process helps women delay childbirth in order to re-arrange their priorities in life and postpone having a family of their own until they meet their own “Mr. Right.” Marriage and childbirth for women in Singapore There are a number of reasons why egg freezing is becoming more and more popular in Singapore. One glaring reason for this is the fact that women are choosing to get married later in life. The Department of Statistics Singapore reported that there is an increase in the number of people who have chosen to marry late in life over the past ten years. This might not seem to be that

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5 Money Saving Tips for Landlords in Singapore

Many Singaporeans dream of having more than two properties, one as a home and the other as a form of investment property that can earn a rental income. Being a landlord entails huge costs such as property tax and the cost of upkeep. To help you optimize your financial position as a landlord, below we discuss some ways that can help reduce the cost of your property ownership. Take Advantage of Tax Deductions For landlords, using tax deductions can be a great way to reduce rental income taxes. Rental income tax can be around 10-15% of your monthly rent collection, which can add up to a significant amount over the course of a year. To reduce the actual amount of tax you end up paying, you can reduce the taxable income amount by deducting various expenditures against your rental income. The items that can be deducted include any costs required to keep your property running and available for rental: interests on mortgage, depreciation & repairs, travel costs to sign contracts, insurance, and legal & professional fees. Doing so can help you save at least 15% to over 30% on your rental income taxes, and we think you should fully take

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Singapore FinTech Festival 2017: Why It Is Different and 8 Reasons You Should Attend

The week-long Singapore Fintech Festival (SFF) will be back in town this year, with richer and more exciting programmes on the line-up. If you have always wanted to learn more about how technology is changing the financial landscape, come join us. Register here and use the code “SFF17Partners20” to enjoy a 20% discount on the 3-day conference pass (original price at $779).  What’s Different? While the festival will be retaining its Global FinTech Hackcelerator, FinTech Awards and the FinTech Conference as the key components, it will introduce an Investor Summit or “Deal Day” on the final day. The summit will showcase Singapore-based start-ups and disruptive technologies that are worthy of investment to local and global investors, with a view to facilitate FinTech investment deals. Furthermore, this year’s agendas of RegTech Forum, Tech Risk Conference and FinTech Conference will merge into a single multi-track conference at Singapore Expo. Over 100 renowned speakers will discuss and share their thoughts on areas such as Data Analytics, RegTech, FinTech Application and FinTech Financing. The conference as a whole will focus on how FinTech is progressing across developed and emerging markets. It will also look at how technology can be utilised to boost financial inclusion and

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Choosing Between A Personal Loan And A Credit Card in Hong Kong

Have you ever been in a situation wherein your wallet is empty and yet the next paycheck is still days away? Or you were just in an emergency situation that requires financing – but you do not have the savings to help you pay for it? What are your options to deal with such scenarios? Whenever we are strapped for cash, most of us usually end up borrowing money to cope with our financial needs. This is something that we all have to go through every once in a while. Fortunately, you have a couple of options before you. In case you are in need of cash immediately, you can choose to borrow a personal loan or use your credit card. It seems that borrowing is common among residents in Hong Kong. According to the study published in the HKEconomy.gov, the total household debt by the end of September 2015 reached HK$1,571 billion. This is actually as much as 70% of the GDP of the region in 2014. The data revealed that the bulk of the debt, 71% to be exact, involves home loans – which is understandable because real estate properties in Hong Kong is quite high. But the

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