Eunice Seah Financial Planning

Touch your heart…have you ever exceeded your mobile data limit? 😆 I know I have! These small amounts can often add up to a lot of unnecessary spending, so as the year ends, it’s good to take a look at your finances and see if there are any areas for improvement.

💡 One way to save money is to look at SIM-only plans! Most of these plans offer high amounts of data, so you can freely use your phone on the train/bus without worrying about exceeding the limit 😂

Check out a comprehensive list of plans here:

What Are The Best SIM-Only Plans In Singapore (2022 Edition) If you’re applying for a SIM-only plan in Singapore, here’s what the local telcos and MVNOs are offering.

Started giving your parents allowance since you graduated and started your full time job? Most working adults might be familiar with this, but have you ever considered opening a joint account with them? 👵🏻👴🏻

This article offers some great reasons why it might be a suitable choice for you!

Why It Makes Financial Sense To Open A Joint Savings Account With Your Elderly Parents As our parents grow older, we may end up taking care of them instead, including their financial matters. Having a joint account helps.

As the year wraps up, I thought it would be nice to share some of my recent testimonials in true Wrapped-style! 😆

Thank you to the lovely students of NTU Hall 14 for giving me your time and attention ❤️

Planning to buy any big-ticket items (eg. car, commercial properties, electronics, luxury items, furniture)? You might want to get these before the GST increase next year.

Of course, don’t go crazy! The blow of this increase can be cushioned with proper financial planning, so only get the things you’ve already planned for. Let me know if you need any help in this area! ☺️

9 Big-Ticket Items To Buy In 2022 Before The GST Increase Next Year While there is still time before the GST increase happens, it's a good idea to start saving up for these big ticket purchases now.

🔁 Reposting this helpful summary from April this year! Some of these tax reliefs need to be done before 31st December, ahead of next year's tax filing.

If you are a fresh grad and new to the topic on tax relief, feel free to reach out. For working adults, you know the drill! Remember to do any donations /CPF top-ups amidst all the festivities this month 😀

Raise your hand if you made some impulse purchases during the recent 11.11 and Black Friday sales 🙋🏻‍♀️

It’s unrealistic to say that we should completely stop making impulse purchases. We all need a little ✨retail therapy✨ sometimes, and that’s okay!

💡One tip I have for all my clients to cope with these never-ending sales: include a “happy fund” when doing your budgeting! This gives some freedom to get that dress you’ve been eyeing, while still keeping within your budget.

Got any tips for controlling your spending during year-end sales? Share them below! ⬇️

Struggling To Cope With Inflation: 5 Things To Be Avoiding, And What We Should Do Instead Cost of living may have increased due to high inflation, but by taking prudent actions, we can ensure we do not run into financial difficulties.

Next year’s GST increase is bound to be a bit sian for most of us, but remember to check if you’re eligible for a cash payout under the Assurance Package! ☺️

The payouts will be given over 5 years, from 2022 to 2026, to cushion the blow of the GST increases in 2022 (8%) and 2024 (9%).

💡A little tip to make things less sian: Do stock takes of your finances from time to time to make sure you’re properly considering the GST increases in your financial planning.

Check out the article below for a helpful case study of how a typical household can benefit from the package ⬇️

Assurance Package For GST: How Much Will Singaporean Households Be Getting Over The Next 5 Years? Typical Singaporean household with a working couple and one child will receive a total of around $3,400 from the Assurance Package for GST.

As the saying goes: “knowledge is power”, and as someone in the financial industry, I often go for courses and webinars outside of my company’s offerings to expand my knowledge and learn more about how I can help my clients.

But did you know that you can do the same to help yourself and your loved ones?

Check out this list of upcoming courses and webinars (FREE, btw 😆)! You might just find something you’re interested in ⬇️

Upcoming Personal Finance Webinars and Events In Singapore You Should Attend In 2022 New year, new you. Start your investing journey with these free personal finance webinars and events to help expand your knowledge and confidence.

💬 “HDB loan better because can use CPF!” “No lah, bank loan better because can earn higher deposit rates!”

You’ve probably heard similar discussions before, and there are definitely pros and cons for both types of loans. Ultimately, the choice boils down to your eligibility criteria and financial situation! 💰

In this current economic environment, things may also change from time to time, so keep yourself updated and take all factors into consideration. For instance, bank loans could offer low interest rates, but in a rising interest environment, you might eventually lose out 😨

For couples looking to purchase their first home, it’s also important to discuss and plan together to see what works best for both of you.

Got any personal stories about why you chose certain loans for your home? Share them below & you could help others gain more clarity! ⬇️👀

HDB Loan vs Bank Loan: Which Should You Choose? - Planner Bee HDB loan or Bank Loan? Let us explore the options to help you make a better and informed decision.

Looking to finance your BTO or resale flat purchase with a HDB loan? Here are some things you should note ⬇️

👉🏻Downpayment required is now 𝟐𝟎% of the purchase (was previously 15%). The first 5% must be paid upfront, and the next 15% will be paid when you are collecting your keys 4-6 years later.

We’ll be discussing this, as well as the other impacts of the new property cooling measures, at our webinar this Wednesday (16 Nov)! PM me if you’d like to sign up ☺️

👀𝐃𝐈𝐃 𝐘𝐎𝐔 𝐊𝐍𝐎𝐖: Inflation in the UK could soar above 𝟐𝟐% next year 🤯

Here in Singapore, we’ve already begun to see some effects of this economic instability, so it’s important to make sure you’re staying ahead.

Got any tips to lessen the sting of inflation? Share them in the comments below!

UK inflation could top 22% as energy prices soar, Goldman Sachs warns U.K. inflation could soar above 22% next year if energy prices continue their upward spiral, U.S. investment bank Goldman Sachs has warned.