Category: SG Budget Babe

IPO Analysis : World Class Global & HRnetGroup

Is the stock market picking up? In just two weeks, we’ve seen 3 IPOs on SGX – usually a sign of a bullish market sentiment.And while I prefer to sell during such times, I don’t usually rule out spending on IPOs especially if their valuations are cheap …

Why You Can’t Always Trust Analyst Reports

Can we really trust analyst reports when it comes to stock recommendations?My answer is no. I’ve never trusted analyst reports. While I do read them, I don’t rely on them to decide whether or not to buy a certain stock. Sometimes when the opportunity i…

No One Is Going To Pay for your Expensive Wedding

If you’re holding a grand wedding to impress your guests, then you’ve gotten it all wrong. A wedding is about YOU and your partner, and NOT your guests. They’re the sidekicks, the spectators, the audience there to celebrate what is possibly the most im…

How much will your lifestyle cost when you turn 65?

Have you ever wondered about how much your lifestyle will cost when you turn 65??How much do you think you’ll need every month to get by? $800? $1000? $1500? The folks at The Fifth Person ran a calculation on estimated living costs 30 years from n…

My Investment Approach

If you think financial education is expensive, try financial ignorance instead.Two notable investment schemes were in the news last week for all the wrong reasons, and they both had eerily similar characteristics of promising their investors unbelievab…

Better Alternatives to get Miles (vs the KrisFlyer UOB Account)

In my last post, I wrote about how I was misled by the influencers who worked on the #KrisFlyerUOB campaign to believe it was a good account, when it really wasn’t. 

Now that we’ve seen how lifestyle influencers are capable of royally screwing up reviews related to financial products, how about brands start giving the sponsored posts to the financial bloggers instead?

A few folks have asked for my opinion of the KrisFlyer UOB account, so here it is : No, I will not be signing up for the KrisFlyer UOB account, simply because the maximum miles per dollar (mpd) I can realistically earn is only 1.4. There are so much more better alternatives, which I’ll show you in a bit.

What you need to know about the KrisFlyer UOB account

Firstly, you should know that the KrisFlyer UOB account does not pay you any interest on your deposits. None of the 4 influencers told you that, but I will.

Secondly, their debit card doesn’t have the cashback / other rewards of a credit card. This is worse than my UOB One which at least gives me cc perks AND helps me get a higher interest rate on my saving deposits.

Let’s illustrate using a return trip to Tokyo (like what LadyIronChef did).

#KrisFlyerUOB : Spend $36,000 in a year i.e. $3,000 a month.

UOB One: For the same spend, this will give me $1,800 in cold, hard cash back. How many Japan trips can you buy with that?

 $3,000 a month is too unrealistic? Okay, let’s try to go to Bangkok like Bellywellyjelly did instead. If I swipe this on my UOB One card, that’ll give me $594 in rebates.

The last I checked, it’ll only cost me $171 for a Bangkok trip in December. I can use the rest of the money to shop at Platinum, whereas the KrisFlyer UOB will only get me the return flight.

Come on, given these, how is the KrisFlyer UOB a good tip? What on earth were these influencers thinking?

Don’t like UOB after this whole saga? Hey, some of their other products are actually pretty good. But no worries because Budget Babe has “got you covered” (like bellywellyjelly)!

Here are some better ways you can get your flights 

Instead of putting your savings into an account that doesn’t even pay you any interest, how about investing your deposit instead? 

I can actually earn enough interest to afford my Bangkok return flight in just 7 months if I park my $30,000 in the Singapore Saving Bonds (SSBs), which doesn’t require me to spend a single cent extra either.

Or, if I leave the money aside for much longer (come on, I can afford to go to Bangkok using my next month’s paycheck), I’ll could even get up to $8000+. Pretty sure this will get me more than just that ONE return Sydney trip Mel said she unlocked with the KrisFlyer UOB.

*Based on a trailing dividend yield of 8.63%

1st year dividends: $2,589
2nd year dividends: $2,812
3rd year dividends : $3,055
Excluding possible capital gains, which are impossible to foresee accurately. 
Given that the company recently said they’re positive of their long-term outlook, I’m assuming dividends do not get cut.

If you prefer to play the miles game instead of using cold hard cash to pay for your flights, there are better ways too. I’m not as good at miles hacking so I’m not going to pretend and give you guys any advice here (unlike *cough* some influencers *cough*), so blogger Aaron Wong has kindly agreed to pitch in (of the MileLion, you guys should check him out).

Here are FIVE (better) alternatives to play the miles game

The below section is contributed courtesy of and written exclusively for you Budget Babe readers. I take no credit for this piece of genius; I merely rewrote it.

Assuming $30,000 sits in your account + you spend $1,000 on your credit cards each month, you’ll earn just 16,800 miles from your KrisFlyer UOB account after one year.

Put that $30k in a high-yield savings account like the UOB One, OCBC 360 or CIMB StarSaver. (CIMB gives you 0.8% p.a. interest credit – or $240 – without you having to do anything.)

Option 1: Sign up for the CitiBank PremierMiles card

If you’re a new Citibank credit card holder

If you’re an existing Citibank credit card holder

Total miles from sign up bonus + base

42,000 miles

15,000 miles

First 3 month spending requirements

S$10K + payment of annual fee (S$192.60)

S$10K + payment of annual fee (S$192.60)

Option 2: Split your $12,000 annual spending into 30% dining, 30% online and 40% on everything else and use these 3 cards to pay for it

  • HSBC Advance / UOB Pref Platinum AMEX (UOB only applicable for existing cardholders) = 4 miles per dollar (mpd) for dining
  • DBS Woman’s World Card / Citibank Rewards / HSBC Advance = 4 mpd for online
  • UOB PRVI Miles AMEX = 1.4 mpd on general

Since the weighted average MPD = 2.96, to get your 16,800 miles, you’ll only need to spend $5,676 instead of the $12,000 required on the KrisFlyer UOB account. Save the $6,324 guys!

Option 3: If you earn >$50,000 a year and split your spending the same way (30-30-40) :

  • Maybank Horizon Visa Signature = 3.2 mpd on dining
  • Citibank rewards = 4 mpd on online 
  • DBS Altitude = 1.2 mpd on general
The weighted average MPD here = 2.64, so to get the 16,800 miles, you’ll only need to spend $6,363 (we just helped you to save $5,637!)

Option 4: If you’re a sucker for just ONE card, sign up for the DBS Altitude Visa Signature by 30 June 2017.
  • Get 10k miles when you spend at least $1k each for the first 2 months.
  • Get the remaining 6,800 miles by doing ANY of the following:
Option 5: Here’s the BEST deal. Enjoy 46.7 MPD when you sign up for the Citibank Prestige card, pay the annual fee of $535 and get 25,000 miles! The only catch? You gotta be earning $120k per annum.

Now beat that, #KrisFlyerUOB!

Who gave the better tips?

With love,
Budget Babe

DIY Budget Trip to Cinque Terre

Seeing how the local tours (in Florence, which was my anchor city for this trip) were charging over 100 euros per person for a tour to Cinque Terre, we decided to DIY our own in order to cut down on costs!In doing so, we managed to spend only 1/3 of wh…