SG Investor Hub Blog

What I did and felt during the crypto crash

It has been an intense 48 hours! If you haven’t heard by now, the crypto market started falling before accelerating into a crash. Crypto prices collapsed before recovering some of their losses. It’s the first time I have gone through such a high level of volatility with my investments. I mean, my US and China […]

Singapore Online Groceries Guide: Allforyou (Sheng Shiong), Amazon Fresh, Cold Storage, (NTUC) Fairprice, Giant, Redmart, and Shopee Supermarket

Here is a guide to the online groceries platforms so you do not need to panic and “chiong” to NTUC for Phase 2 (Heightened Alert).

The post Singapore Online Groceries Guide: Allforyou (Sheng Shiong), Amazon Fresh, Cold Storage, (NTUC) Fairprice, Giant, Redmart, and Shopee Supermarket appeared first on DollarsAndSense.sg.

Is It Worth Switching To SIM-Only Family Telco Plans?

Pooling your SIM-only plans under a bundled family plan doesn’t just help you save money; it may well be the solution to wastage in your telco entitlements, as you can now cater to the different usage patterns of each family member. If you’ve kids, you can even add on parental controls to block access to websites that are deemed “inappropriate” for minors. What’s more, with just one combined bill to pay each month, the convenience is a huge bonus. Could a family telco plan be right for you? Read on to find out.

In an ideal world, I’d only be charged by my telco for the data or talk-time minutes I use each month. But in reality, there’s usually a lot of wastage when it comes to our telco mobile plans – I don’t generally use up my allocated call minutes, but my mother-in-law and husband makes phone calls more often than I do and end up paying more each month for exceeding theirs, almost every single time. I’m basically paying for talktime that I do not need, while they pay extra for theirs.

Paying for all that unused data / talktime while
other family members pay EXTRA for their over-consumption.

Well, what if I could “transfer” my excess minutes to them? 

With family or bundled telco plans, I just might be able to.

These are not new – the original incumbents of M1, Singtel and Starhub have already been offering such options for several years. However, the problem is that they mostly involve additional components like cable or fibre broadband (who needs these nowadays when you have Netflix or Disney+?), and is limited to only household members within the same residential address

That’s a problem for us, especially considering how we do not stay together with our in-laws.

But with the latest launch of Circles.Life’s Family Plan – a plan for up to 6 lines with individual SIM cards and no strings attached (nor contract lock-ups) – we now can.

Actual Starhub bill for TV, broadband and 1 mobile line (after 15% Club Hub discount). With this same budget, we can cover our Netflix subscription, home broadband AND get multiple mobile lines if we switch to Circles.Life’s Family Plan.

How you can save more money with a family telco plan

When you pool together your telco entitlements and share it with your other family members, you can not only save more money, but also avoid unexpected excess charges at the same time.

Circles.Life’s Family Plan, for instance, gives you 200GB of 4G data, 500 minutes of talk time and 200 SMSes. A minimum of 2 lines is needed to start, and you can share this with up to a maximum of 6 lines for as little as S$15 per line per month.

Share this with your parents, in-laws, children, domestic helpers or even just between you and your spouse. (You can technically even share this with your best friend, given how inclusive Circles.Life Family Plan is.)

Even DINK couples can make use of this, especially if you have 2 numbers (one for personal use and one for work) which would give you a total of 4 lines. 

Convenient

Since everything will be consolidated into one bill, you’ll never have to worry about any family member missing their payments again. For those of you tired of constantly nagging your spouses or parents to remember to pay their bills, this will reduce much of that mental load!

Customizable 

What’s more, if you need more add-ons at any time, these can also be shared across your multiple lines (except for the parental controls, which is $5 per month over each line).

For parents, whether your kids already have their own line or you’re about to give your child a mobile phone for the first time, you can also add the Parental Controls feature over their line(s) to block inappropriate content for minors (such as those that are categorized as Adult Content, Hate and Intolerance, as well as Weapons and Violence). 

You can read more about how these filters work here; for Circles.Life, they work with a professional agency to expand on this list and maintain records beyond what IMDA provides.

Since every member’s bill is consolidated into one account, you’ll be able to have visibility over your child’s usage patterns as well. Hence, if you see that they’re spending too much time on data, you can gently talk to them about internet addiction – here are some tips you can check out. 

How To Save More Money By Using A SIM-Only Mobile Data Plan As A Household

I got my husband and in-laws to switch out of their contract plans to SIM-only plans several years ago, and it has definitely helped us to save at least 20% – 30% on our bills since.

And with family plans as an option now, I certainly wouldn’t say no if it can help us save more money. In summary, the case for switching to a family telco plan is pretty clear as it gives you the following benefits:

  • Cost savings – they’re generally cheaper vs. getting individual SIM-only plans
     
  • Avoids wastage – by pooling your data and talktime entitlements, family plans cater to the different usage patterns of each family member, thus avoiding the common case of paying for unused data or talktime while another person pays for exceeding theirs.

  • Convenience – simply pay all your bills at one time and avoid late fees because one member of the family got busy / lazy and forgot to pay on time.

With 200 GB and 500 minutes to split among the 5 people in my family, that’s 40 GB per person – I don’t even think we’ll end up in a situation where we exceed that. But just in case, I checked out how much it’ll cost if we were to add-on unlimited data and calls:

I can tell you this for sure – even at $110 per month ($22 per household member), that’s WAY cheaper than what we’re paying for on our individual SIM-only plans combined.

And lest you feel it is too much of a hassle to switch, Circles.Life wants you to know that switching is so easy that even a child can do it. They even got a child to show you how – click here to watch the video!

So if you’ve not considered family telco plans before, now you know why you totally should.


Head over here to check out more details and find out you can save with Circles.Life’s Family Plan. 

If you want to enjoy 3 months of unlimited data (worth $60) and free registration (worth $38) when you sign up, just let Circles.Life know that you’re my reader by using the promo code SGBUDGETBABE

Promo code valid until 30 November 2021.

Disclosure: This post is written in collaboration with Circles.Life. All opinions are that of my own.

Money and Me: S-REIT’s: which are most likely and which least likely to be affected by new social restrictions?

19 May 2021  Money and Me: S-REIT’s: which are most likely and which least likely to be affected by new social restrictions?Michelle Martin and Kenny Loh, REIT Specialist and Independent Financial Advisor discuss an overview of the S-REIT space, S-REITs that are less likely to be affected by the heightened restrictions, REITS exposed to US […]

The post Money and Me: S-REIT’s: which are most likely and which least likely to be affected by new social restrictions? first appeared on https://mystocksinvesting.com.