Our economy is still not doing as well as expected. Growth forecasts have been revised downwards and interest rates are less than 1% for fixed deposits in most banks. Even the savings accounts have a really dismissal interest rate of 0.05% here in Singapore. You may be better off keeping your money under your mattress like during olden times instead of letting it be subjected to the various account-keeping fees incurred by leaving it in the bank.… [Read more]
I assume you get all your personal finance news and nuggets from me, and need no other information ever… ha! But if you WERE to want more than what you see here each weekend, I present to you nine of my favorite resources for managing your money, your career, and your life.… [Read more]
This is part two of a four-part series on aligning your personal finances with your values. Click here for part one.
Last week we talked about the first step in aligning your personal finances with your values, which was identifying your life values in the first place. If you don’t know what you want to accomplish, you won’t be able to make your money work for you.… [Read more]
Millions of people spend years planning for retirement. Many invested their income into stocks expecting investment returns of at least 8% and others expected their homes to have appreciated in value by 10% each year. Their expectations have been shaken to the core during this recession and long periods of economic uncertainty.
Because a large portion of people nearing retirement are not going to have as much to retire on as they initially thought, many are facing some serious questions that must be answered: How much more will I have to save?… [Read more]