MoneyGrowth

MoneyGrowth Finance made simple. Inspiration & tips to grow your money + happiness!

Are you finding it difficult to save money?🤔 Here are some reasons why you might be spending too much on non-essentials....
21/12/2023

Are you finding it difficult to save money?🤔 Here are some reasons why you might be spending too much on non-essentials.💸
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✅ It can be important to identify the real reasons why you are over-spending so that you can save more on a regular basis.
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Do you know the true cost of buying a property?🤔 Make sure you know all the extra expenses that you have to pay for bef...
14/12/2023

Do you know the true cost of buying a property?🤔 Make sure you know all the extra expenses that you have to pay for before deciding to buy.
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📌 This is especially important if you are thinking of making money from buying private property.
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📌 Having little savings or a lower salary means you will have to take up a larger and longer home loan. This increases the total interest you need to pay. The cost to buy your private property is now much higher! 💸
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What are things you shouldn't be cheap about? 🤔 ‎📌 Low prices might make some items seem like a bargain when you first b...
11/12/2023

What are things you shouldn't be cheap about? 🤔
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📌 Low prices might make some items seem like a bargain when you first buy them but they might cost you a lot more in both cost and inconvenience in the long run.
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We might not be able to take out our CPF money anytime soon but that doesn't mean it's not a great way to save for your ...
06/12/2023

We might not be able to take out our CPF money anytime soon but that doesn't mean it's not a great way to save for your retirement.😏
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✅ You can earn extra interest (1.54%) by transferring from your CPF Ordinary Account (OA) to CPF Special Account (SA)!
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🚫 Do note that this transfer cannot be undone. You cannot transfer back from your SA back to OA. The CPF (OA) is used by many people to pay off their housing loan. So plan carefully!
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✅ The interest rate for CPF (SA) will be 4.08% in 2024!
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If you are not already doing this, what's stopping you from transferring your CPF OA to SA?
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How are you spending the extra money from the govt 🇸🇬? ‎🤔 Some people might say the prudent thing would be to use the mo...
04/12/2023

How are you spending the extra money from the govt 🇸🇬?
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🤔 Some people might say the prudent thing would be to use the money to pay your bills or even invest it BUT....
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✅ It is 100% ok to spend the money on things that make you happy instead.
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✅ Focusing too much on saving every single cent will make you lose sight of the important things in life.
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✅ Being happy now is just as important as being happy when you are older.
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✈️ Are we missing anything from our travel budget? 🧐 As everyone prepares to fly off for their holidays this December, h...
02/12/2023

✈️ Are we missing anything from our travel budget? 🧐 As everyone prepares to fly off for their holidays this December, here is a quick reminder in case you miss out on something.
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👉 Follow us for more tips and inspiration to grow your money + happiness.
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While we might hate all the hard-selling and baiting 👎, it is definitely important to consider your insurance coverage w...
30/11/2023

While we might hate all the hard-selling and baiting 👎, it is definitely important to consider your insurance coverage when planning for your future.
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🛏 You are more likely to be hospitalised when you have a medical condition (aka pre-existing conditions), and insurance companies are concerned about their profit. Unfortunately, it's just business to them 🥲.
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✅ It is important to do your own research when it comes to insurance. Don't be passive about it! Many people wait till it's too late before getting insurance.
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📢 What type of insurance do you think is the most important?
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👉 Follow us for more tips and inspiration to grow your money + happiness.
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Investing in stocks or even crypto may seem like a good way to increase your wealth but you won't earn much if you don't...
28/11/2023

Investing in stocks or even crypto may seem like a good way to increase your wealth but you won't earn much if you don't have a lot of cash to invest with in the first place. 🥲
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Sometimes, it's more effective to:
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✅ Upgrade yourself to find a job with a higher salary. This will help you build your wealth much faster.
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✅ Focus on how you can get a better paying job instead on spending too much time & energy investing.
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❓ What does everyone think?
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Remember to spend your $300 CDC Vouchers by 31 Dec 2023!‎‎‎❓What are your favourite ways of spending your CDC vouchers? ...
27/11/2023

Remember to spend your $300 CDC Vouchers by 31 Dec 2023!
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‎‎❓What are your favourite ways of spending your CDC vouchers? We've been spending ours on desserts 🤩 !
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👉 Follow us for more tips and inspiration to grow your money + happiness.
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Will drinking bubble tea everyday make you broke? 🫢 Probably not but a small daily expense can really add up!‎✅ Cutting ...
25/11/2023

Will drinking bubble tea everyday make you broke? 🫢 Probably not but a small daily expense can really add up!
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✅ Cutting down on a regular expense that isn't essential could help you fund your next overseas holiday or iPhone!
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👉 Follow us for more tips and inspiration to grow your money + happiness.
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Making money is important but what are you sacrificing in return? 😕 If you are working too hard, how long can you last b...
23/11/2023

Making money is important but what are you sacrificing in return? 😕 If you are working too hard, how long can you last before you burn out?
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When possible, we believe in aiming for the right work-life balance. Not only will you be happier, but your loved ones will be too.❤️
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*Adapted from experiences shared by a member of the MG community
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It's always important to keep some cash at home in case of emergency! 🍦‎👉 Follow us for more tips and inspiration to gro...
22/11/2023

It's always important to keep some cash at home in case of emergency! 🍦
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👉 Follow us for more tips and inspiration to grow your money + happiness.
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