What’s it Like Being Bankrupt in Singapore?

What’s it Like Being Bankrupt in Singapore?

MoneySmart - Fri, Mar 17, 2017 12:00 AM SGT You’ve already been warned many times not to overstretch yourself when buying a home, and to be careful to not get into credit card debt. Why do people file for bankruptcy? You can voluntarily file for bankruptcy, or be compelled to do so by your creditors.

  • The OCBC 360 Account Has Changed Again – Should You Switch Accounts?

    When the changes kick in 1 April 2017, the maximum interest rate you can earn will go from 3.25% per year to 3.05% per year. The amount of bonus interest you can earn from paying bills and credit card spending have also been reduced to 0.3% each. Most importantly, bonus interest can now be earned on the first $70,000 …

  • Here’s an Easy Way You Can Be Rewarded Even More Than Just Getting Rebates and Interest

    Add to that the pressure of planning for the future and making sure they grow their money, and it’s not surprising to hear of many people with the perception that investing is a huge hassle and thus not even starting. You might be accustomed to earning cash rebates from your credit card expenditure, or interest from your …

  • Can’t Use Your Credit Card to Pay Your Rent, Insurance Premiums or School Fees? This Service Could Solve That Problem

    Whenever one of my friends enters the work force, my first advice is usually to apply for a credit card as soon as they can. Isn’t it funny that your biggest monthly payments, the ones that could be earning you lots of air miles or cashback rebates, are often the ones you can’t use your credit card for? Now there’s a …

  • 2 Ways the Government Can Really Help Singaporeans Find Partners Instead of Giving Them Money to Attend SDN Events

    Now, the Social Development Network is offering singles $100 this year, cash which they can use to attend dating events. Now, no matter what you think of the SDN, this is definitely not one of the government’s smarter initiatives. 1 in 2 Singaporeans aged 18 and above complain that work is a barrier to dating, while close …

  • Here’s Why You Should Never Dare to Travel Without Travel Insurance

    When the travel bug bites but you’re so broke you need to take the MRT to Changi Airport the night before to catch your 5am flight, it’s tempting to travel in extreme budget mode. Some of your extreme budgeting measures might include staying in hostels infested with sweaty, hormonal teenagers, treating convenience stores …

  • Singaporeans Who are Planning to Work Past Retirement Age Should Do These 5 Things

    Retirement-readiness is a huge problem in Singapore, and this isn’t limited to the pioneer generation, who saw their savings eroded by the sharp rise in the cost of living. The way things are going, it looks like many Generation X and Y folks are going to be working way past retirement age, too. In fact, a recent report …

  • 9 Affordable Travel Destinations to Use Your Annual Leave On in 2017

    Now that 2017 has really and truly started, it’s time to plan how you’re going to spend your annual leave for the year early, before your boss chopes all the good dates on the office’s leave calendar. The two biggest challenges Singaporeans face when trying to decide which trips deserve their precious leave days are: 1) …

  • 3 Ways Singaporean Parents Can Teach Their Teenage Children How to Manage Money

    Getting a part-time job is one of the best ways teenagers can experience earning and saving money, and also gain a sense of the sheer effort that’s needed to put food on the table. Instead of doling out unlimited cash whenever your kid asks, give him a limited allowance and tell him he can earn more to buy Nintendo 3DS …

  • 3 Financial New Year’s Resolutions Singaporeans Should Make For 2017

    Whether you pledged to save a certain amount of cash, raise your income, pay off your credit card debt or stop being a shopaholic, we hope you stuck with your 2016 new year’s resolutions for more than three seconds.

  • 5 Smart Splurges to Make With Your Tax Refund U.S.News & World Report - 22 hours ago

    Paying down debt, saving for retirement and building an emergency fund top the list of smart things to do with a tax refund. Here's how to balance out a practical use of the money with a smart splurge for the rest. "They could take a few hundred dollars and buy a quarter-million-dollar life insurance policy," says Peter …

  • 5 Smart Splurges to Make With Your Tax Refund U.S.News & World Report - 22 hours ago

    Paying down debt, saving for retirement and building an emergency fund top the list of smart things to do with a tax refund. Here's how to balance out a practical use of the money with a smart splurge for the rest. "They could take a few hundred dollars and buy a quarter-million-dollar life insurance policy," says Peter …

  • 6 Good Credit Card Habits to Start Now U.S.News & World Report - 22 hours ago

    Your first impulse may be to cut up your credit cards, lock them in a drawer or cancel them at your first opportunity. While getting your finances in order should be your top priority, credit cards are an important tool for building your credit history. Studies show that people who use credit cards tend to spend more …

  • 6 Good Credit Card Habits to Start Now U.S.News & World Report - 22 hours ago

    Your first impulse may be to cut up your credit cards, lock them in a drawer or cancel them at your first opportunity. While getting your finances in order should be your top priority, credit cards are an important tool for building your credit history. Studies show that people who use credit cards tend to spend more …

  • 5 Ways to Prepare for Early Retirement U.S.News & World Report - Wed, Mar 22, 2017 9:45 PM SGT

    Retirement is a major life step that takes significant planning and prep work. Retiring early requires particularly aggressive saving because you have less time to set aside money for retirement and more time you'll need to survive on those savings. First, determine your current debts and assets and how much you are currently …

  • 5 Ways to Prepare for Early Retirement U.S.News & World Report - Wed, Mar 22, 2017 9:45 PM SGT

    Retirement is a major life step that takes significant planning and prep work. Retiring early requires particularly aggressive saving because you have less time to set aside money for retirement and more time you'll need to survive on those savings. First, determine your current debts and assets and how much you are currently …

  • Study: Pediatric Opioid Exposure Declining but Still Problematic U.S.News & World Report - Tue, Mar 21, 2017 11:46 PM SGT

    Fewer kids are accidentally or intentionally swallowing prescription painkillers overall, but that doesn't mean the problem is solved. U.S. poison control centers received more than 188,000 calls regarding pediatric opioid exposure between January 2000 and December 2015, according to a new study published Monday in Pediatrics. …

  • 3 Caribbean Wellness Retreats for a Spring Getaway U.S.News & World Report - Tue, Mar 21, 2017 11:02 PM SGT

    Wellness programs are all the rage these days, with a variety of companies implementing programs designed to help employees save money on health care costs and a growing number of hiking, yoga and spa retreats aimed to help boost overall health and well-being. Nowadays, at properties around the globe, travelers can enjoy …

  • 10 Ways to Save a Fortune on Your Teen's Prom U.S.News & World Report - Tue, Mar 21, 2017 9:54 PM SGT

    "Let your teen know how much they have to spend, and then ask them to choose how to allocate it," says Brandie Farnam, manager of advice excellence and brand voice at LearnVest. When it comes to the dress, why "spend $100 or more for something she wears once, maybe twice?" says Erica Sandberg, consumer finance expert and …

  • 10 Ways to Save a Fortune on Your Teen's Prom U.S.News & World Report - Tue, Mar 21, 2017 9:54 PM SGT

    "Let your teen know how much they have to spend, and then ask them to choose how to allocate it," says Brandie Farnam, manager of advice excellence and brand voice at LearnVest. When it comes to the dress, why "spend $100 or more for something she wears once, maybe twice?" says Erica Sandberg, consumer finance expert and …

  • 9 Ways to Avoid 401(k) Fees and Penalties U.S.News & World Report - Tue, Mar 21, 2017 12:38 AM SGT

    Saving in a 401(k) plan allows you to qualify for tax breaks and employer contributions. Here's how to avoid some common 401(k) fees and taxes. If you withdraw money from your 401(k) account before age 59 1/2, you will need to pay a 10 percent early withdrawal penalty, in addition to income tax, on the distribution.

  • 9 Ways to Avoid 401(k) Fees and Penalties U.S.News & World Report - Tue, Mar 21, 2017 12:38 AM SGT

    Saving in a 401(k) plan allows you to qualify for tax breaks and employer contributions. Here's how to avoid some common 401(k) fees and taxes. If you withdraw money from your 401(k) account before age 59 1/2, you will need to pay a 10 percent early withdrawal penalty, in addition to income tax, on the distribution.

  • 3 Reasons Why You Need to Save Your Tax Refund U.S.News & World Report - Mon, Mar 20, 2017 10:26 PM SGT

    For many Americans, this also means that it's tax refund time. According to the Internal Revenue Service, the average refund is $3,071, and although it's tempting to take that cash and treat yourself, you probably know the best financial course of action is to save that money for a rainy day. Here are three reasons to …

  • 3 Reasons Why You Need to Save Your Tax Refund U.S.News & World Report - Mon, Mar 20, 2017 10:26 PM SGT

    For many Americans, this also means that it's tax refund time. According to the Internal Revenue Service, the average refund is $3,071, and although it's tempting to take that cash and treat yourself, you probably know the best financial course of action is to save that money for a rainy day. Here are three reasons to …

  • How to Save For Retirement When You're Raising Kids Alone U.S.News & World Report - Fri, Mar 17, 2017 11:32 PM SGT

    Whether you are divorced, widowed or a single parent by choice, raising kids alone can be financially challenging. It's tempting to think there is no way to save for retirement in this stage of life. "I understand because there was a time in my life when I felt the same way," says Shelly Church, senior vice president …

  • How to Save For Retirement When You're Raising Kids Alone U.S.News & World Report - Fri, Mar 17, 2017 11:32 PM SGT

    Whether you are divorced, widowed or a single parent by choice, raising kids alone can be financially challenging. It's tempting to think there is no way to save for retirement in this stage of life. "I understand because there was a time in my life when I felt the same way," says Shelly Church, senior vice president …

  • Got Your First Credit Card? 5 Good Habits to Start Now U.S.News & World Report - Fri, Mar 17, 2017 11:23 PM SGT

    If you have recently applied for your first credit card, this statistic might interest you: The average household with revolving credit card debt is carrying a balance of $6,885 and is paying $1,292 a year in interest, according to a recent NerdWallet.com study. Every year, families are spending almost $1,300 just in interest …

  • Got Your First Credit Card? 5 Good Habits to Start Now U.S.News & World Report - Fri, Mar 17, 2017 11:23 PM SGT

    If you have recently applied for your first credit card, this statistic might interest you: The average household with revolving credit card debt is carrying a balance of $6,885 and is paying $1,292 a year in interest, according to a recent NerdWallet.com study. Every year, families are spending almost $1,300 just in interest …

  • Pros and Cons of Taking a 401(k) Loan U.S.News & World Report - Fri, Mar 17, 2017 9:44 PM SGT

    Borrowing from your 401(k) account might sound like a good idea if you need the cash to pay off debt, buy a car, go on vacation or fund a business startup. After all, if it's vested, it's your money, tax day may be years off and you're paying back yourself -- not some credit card firm or payday loan company -- with interest. …

  • Pros and Cons of Taking a 401(k) Loan U.S.News & World Report - Fri, Mar 17, 2017 9:44 PM SGT

    Borrowing from your 401(k) account might sound like a good idea if you need the cash to pay off debt, buy a car, go on vacation or fund a business startup. After all, if it's vested, it's your money, tax day may be years off and you're paying back yourself -- not some credit card firm or payday loan company -- with interest. …

  • 4 Tips for a Disney World Vacation on a Budget U.S.News & World Report - Thu, Mar 16, 2017 10:39 PM SGT

    Walt Disney World is known as the most magical place on earth, but the sticker shock from prices at the world-famous park is enough to put a damper on your dream vacation. There are more than a few ways to save money on a trip to Disney World. While theme park tickets are more of a challenge to find at a reduced rate, …

 

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3983-0.0013-0.09%
    USDSGD=X
    1.5096+0.0007+0.05%
    EURSGD=X
    1.7404-0.0113-0.65%
    GBPSGD=X
    79.3470+0.075+0.09%
    SGDJPY=X
    5.5484+0.0007+0.01%
    SGDHKD=X
    3.1622-0.0019-0.06%
    SGDMYR=X
    9,527.2139+4.4072+0.05%
    SGDIDR=X
    4.9167-0.0015-0.03%
    SGDCNY=X
    1.0653-0.0017-0.16%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,243.30-3.90-0.31%
    GCJ17.CMX
    17.77+0.18+1.03%
    SIK17.CMX
    83.99-0.46-0.55%
    ^XAU
    2.64-0.01-0.19%
    HGK17.CMX
    48.14+0.44+0.92%
    CLK17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.93-0.01
    ^FVX
    2.40-0.02
    ^TNX
    3.00-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.31+0.03+10.71%
    40F.SI
    0.186-0.001-0.53%
    N21.SI
    0.925-0.010-1.07%
    Y92.SI
    0.163+0.008+5.16%
    40E.SI
    2.80+0.04+1.45%
    MC0.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.188+0.048+34.29%
    BRS.SI
    0.255+0.055+27.50%
    BQI.SI
    0.38+0.04+11.76%
    AVX.SI
    0.46+0.05+10.84%
    5SY.SI
    0.31+0.03+10.71%
    40F.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.205-0.025-10.87%
    T43.SI
    0.23-0.02-9.80%
    AWI.SI
    0.162-0.017-9.50%
    BJE.SI
    0.14-0.01-5.41%
    42W.SI
    0.108-0.006-5.26%
    5FL.SI
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.