Methods to save $$
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wats the best plan out there to save money like the prudential savings.
is there ani better ones ? like monthly give 200 bucks etc etc -
cant u save the $200 monthly yourself by transferring it to another bank account?
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DBS/POSB SAYE (Save As You Earn)
You can arranged for a fixed amount to be deducted and placed into a separate savings account every month. Very useful for "forced" saving. -
SAE kinda little interest.Originally posted by av98m:DBS/POSB SAYE (Save As You Earn)
You can arranged for a fixed amount to be deducted and placed into a separate savings account every month. Very useful for "forced" saving.
Maybe u can try looking around for endownment plans (i.e. if u willing to keep this savings for more than 10 yrs?) The returns are higher. -
or better still ...invest in the right stocks if you know how. Always believed in letting your money work hard for you!
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Remember... u must be able to support the policy till it mature... anything earlier will make changes to the projected amount..Originally posted by icebaby0:SAE kinda little interest.
Maybe u can try looking around for endownment plans (i.e. if u willing to keep this savings for more than 10 yrs?) The returns are higher. -
sometimes, the surrender value is lower than wat u have paid outOriginally posted by tokyofire:Remember... u must be able to support the policy till it mature... anything earlier will make changes to the projected amount.. -
deposit with singapore pools and hope for better returns.
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endowment plans can be costly, esp those with cashback...n the insurance cover is low(n usually covers onli death n TPD)...do ur sums carefully n consider the insurance cover u alrdy haf... make sure u can afford(even when u r unemployed)...cos u can lose alot if u surrender early...thus liquidity is a consideration factor as the sum u put into cannot b taken out until it matures(which is prob at least 10 yrs later...)...do consider alternative investment tools...n compare btw difference insurance companies...
the best way to save is to curb ur expenses... -
The idea is to diversify a bit, save some in cash, some in endowment or stocks/shares etc. Don't throw all your eggs into one basket.
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if you are tat kind of fella no control one think you buy savings plan from aviva or prudential or just hand the moni to your parents for save keeping??Originally posted by vincentchean:wats the best plan out there to save money like the prudential savings.
is there ani better ones ? like monthly give 200 bucks etc etc
btw saving for marriage hehe?? -
Did... In the end I still DUG them out...Originally posted by Peppermint:cant u save the $200 monthly yourself by transferring it to another bank account?
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minimize expenditure.. maximize profit.. only way to save is to not spend
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save every 1 dollar coin that you have. put in a sealed piggy bank. in no time, you'll have 1000 bucks in the piggybank. deposit into the bank and watch your money grow. slowly.
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That's a good suggestion..Originally posted by Cinderella.:save every 1 dollar coin that you have. put in a sealed piggy bank. in no time, you'll have 1000 bucks in the piggybank. deposit into the bank and watch your money grow. slowly. -
i put 2 dollar notes. i use the 1 dollar coins at the arcade.Originally posted by Cinderella.:save every 1 dollar coin that you have. put in a sealed piggy bank. in no time, you'll have 1000 bucks in the piggybank. deposit into the bank and watch your money grow. slowly. -
get someone to safe keep the card for uOriginally posted by Devil1976:Did... In the end I still DUG them out... -
saving to be an entrepreneur or to buy car 4-5 yrs later
if monthly put into bank few hundreds then the day u wanna withdraw out the money its onli the onli u put in there won't be ani extra !
wat are endowment plans ah ?
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saving plans with insurance co.u give them a fixed amount every mth in return, they give u back a lump sum at the end when the policy matures. den also, they cover u for death n some other stuffOriginally posted by vincentchean:saving to be an entrepreneur or to buy car 4-5 yrs later
if monthly put into bank few hundreds then the day u wanna withdraw out the money its onli the onli u put in there won't be ani extra !
wat are endowment plans ah ? 
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start small
save all those coins at the end of the days..
if not put inside another bank account..dun apply nets or any card.. -
tat will be 3 years ...Originally posted by Cinderella.:save every 1 dollar coin that you have. put in a sealed piggy bank. in no time, you'll have 1000 bucks in the piggybank. deposit into the bank and watch your money grow. slowly. -
I did that when i was serving NS... this is enforced saving.. for those who started working can apply for SAYE from posb.. every month, a specific amount will be transfer to this SAYE account.. this is another way to enforce ya saving..Originally posted by BufPuf:start small
save all those coins at the end of the days..
if not put inside another bank account..dun apply nets or any card..
OCBC have another account that works the same as SAYE but the min amount and interest rate are different~ -
actually save coins quite efficient..
normally 1 month i can save 50++ 1..
one of my friend save $1 and 50 cent coin..and $5..coz very seldom will get $5..and she managed to save quite a lot -
i did the put money in bank and throw forget pin no. thing liao
but everytime i saw my interest i sian ~~