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Love & Money: Finding Financial Compatibility in Relationships

Discussing finances in a relationship may not seem romantic, but it’s crucial for long-term success. Money often becomes a source of stress and addressing it early can prevent conflicts that extend beyond your wallet. On that note, here are some tips that you can follow when dating.

WHAT IS FINANCIAL COMPATIBILITY?

Financial compatibility involves aligning spending and saving habits with your partner. It’s about understanding each other’s beliefs about money and supporting individual and joint financial goals. This alignment determines whether money becomes a source of harmony or conflict in the relationship.

Furthermore, research shows that a significant percentage of couples break up due to financial disagreements. Being on the same page as your partner regarding money can help you avoid major conflicts and achieve financial goals faster.

SIGNS TO LOOK FOR

Identifying signs of financial compatibility early on is crucial. Here are five indicators to look for:

#1: OPEN COMMUNICATION

Being able to discuss financial matters honestly and openly is essential. Avoiding or evading conversations about money can lead to misunderstandings and conflicts in the future.

#2: TRANSPARENCY IN PURCHASES

Is your partner using girl math when she purchases and often leaves some information to herself? Hiding purchases can lead to distrust and strain the relationship. On the flipside, feeling comfortable showing each other purchases indicates trust and financial alignment.

#3: MUTUAL TRUST IN SPENDING HABITS

Observe your partner’s spending habits in the early stages of dating. Aligned spending priorities and trust in each other’s financial responsibility contribute to a harmonious relationship. Shared attitudes toward saving help achieve joint financial goals.

#4: COMPARABLE INCOME & CREDIT SCORES

Similar earning levels and credit scores reduce resentment and imbalance in financial contributions. This alignment fosters stability and reduces conflicts over money.

#5: JOINT EFFORT IN DEBT MANAGEMENT

Actively working together to pay off debts demonstrates financial responsibility and shared goals for stability.

Image Credits: unsplash.com

If you’re still uncertain about your financial compatibility, consider the following five questions to gain insight:

Are you inclined towards spending or saving? Understanding each other’s financial habits is essential.

Do you employ any budgeting or saving tools? Discussing your methods can reveal compatibility or areas for adjustment.

How do you approach debt? Addressing existing debts and future plans for repayment is vital.

Do you consistently pay off your credit card balance monthly? Aligning on responsible credit card usage can prevent future conflicts.

What is your annual income? Being transparent about earnings facilitates a clearer picture of your combined financial landscape.

These questions serve as a foundation for understanding each other’s financial philosophies and fostering open communication. Initiating these discussions at the right time allows for trust to develop and sets the stage for a financially secure future together. Expanding upon the importance of each point can provide a deeper understanding of financial compatibility and its role in relationship success.

IN A NUTSHELL

Image Credits: unsplash.com

Open communication about finances sets the tone for honesty and transparency, building a strong foundation for trust. Transparency in purchases fosters an environment of mutual respect and understanding, essential for a healthy relationship. Mutual trust in spending habits ensures that financial decisions are made collaboratively, promoting unity and shared goals. Comparable income and credit scores contribute to a sense of fairness and equality, reducing potential sources of conflict. Joint effort in debt management demonstrates commitment and responsibility, strengthening the bond between partners. By addressing these aspects of financial compatibility, couples can navigate financial challenges with confidence and work towards a prosperous future together.

Latest WFH internships posted from 6 to 9 May 2024

How has your job search been?

Still no luck with landing a remote internship?

Allow us to help you with this week’s opportunities.

#1: Holmusk (KKT Technology Pte Ltd) – Accounting Intern

Website: holmusk.com

Allowance / Remuneration: $1,500 monthly

Job Qualifications

Good accounting knowledge especially with US standards generally accepted accounting practice (US GAAP) and Singapore Financial Reporting Standards (SFRS) and willingness to resolve accounting applications.
Basic understanding of Singapore tax regulations.
Excellent written, and verbal communication and interpersonal skills.
Fluent in written and spoken English.
Proficient in Microsoft applications including Excel, Word, and PowerPoint.
Detail-oriented, strong organization and time management skills.
Ability to meet assigned deadlines, proactive, responsible, and independent.
A self-starter with a desire to learn.

Key Responsibilities

Maintain and update daily cash flow reports. Prepare bank statement reconciliation and provide support on updating bank mandate and assist in the KYC process.
Assist in the preparation of all assets, liabilities, and capital account entries. Record the journal entries, vendor invoices, and cash movements with documentation.
Participate in the month-end closing process and prepare reporting packs. Reconcile financial discrepancies on all general ledger accounts and assist in analyzing financial statements and reporting on variances.
Prepare payments in the system by entering invoices and creating payment orders for final payment execution.
Update and maintain the internal accounting database, such as keeping track of all intercompany transactions. Monitor and update intercompany loan interest and principal.
Assist in the compilation of data for tax and compliance regulations in the United States, Singapore, United Kingdom, Switzerland, and Germany, including the filing of GST/VAT, withholding taxes, and corporate taxes.
Any other ad hoc duties as assigned.

How to apply?

View the job post in full here and apply via this link.

#2: SMOL – Marketing Intern For Pride Campaign

Website: smol.sg

Allowance / Remuneration: $600 – 800 monthly

Job Qualifications

Strong interest in marketing, social media, and LGBTQ+ issues
Able to work with an independent mindset, take initiative, and contribute creative ideas.
Knowledge of Adobe Illustrator and photography skills are a plus.
Excellent communication and organizational skills are essential.

Key Responsibilities

Assisting in the development and implementation of the #smolPride 2024 campaign.
Conducting market research to identify trends and opportunities.
Creating content for social media platforms (Instagram & TikTok) to engage with the LGBTQ+ community.
Brainstorm new ideas and strategies and identify potential collaboration opportunities
Assisting in the planning and execution of Pride events and activations.
Providing administrative support as needed.

How to apply?

View the job post in full here and apply for this position by submitting your cover letter to [email protected].

#3: Elliot & Co – Business Development Intern

Website: elliotcommunications.com

Allowance / Remuneration: $600 – 1,000 monthly

Job Qualifications

Tech-savvy and have a high interest in startups and SMEs and current affairs in Southeast Asia
Good knowledge of social media platforms
Inquisitive, willing to learn, and hungry for knowledge
Ability to navigate in an extremely fast-paced working environment
Capacity to work well independently and in a team environment

Key Responsibilities

Research industries, organizations, and individuals online (especially on social media) to identify new leads and potential new markets.
Support new partnership initiatives (events, collaborations).
Prepare PowerPoint presentations for sales proposals and sales displays.
Shadow partnerships/ directors in new business meetings
Support in Business Development reports and administration

How to apply?

View the job post in full here and reach out directly to Vanessa at [email protected].

#4: Orchid Sports & Entertainment Ltd – Sponsorship Sales Intern

Website: orchidsportsents.com

Allowance / Remuneration: $200 – 1,500 (project /contract based)

Job Qualifications

Fluent English and ideally one other Asian language is required.
Time commitment of no less than 5 hours per week and can negotiate more hours as desired.

Key Responsibilities

Support to increase outreach and tailor proposals to prospective new clients who may be interested in sponsorship opportunities.
Maintain, update, and improve the sales database so that the most appropriate contact details and sponsorship leads are properly reflected.
No cold calling is required, but you will be expected to contact (via email, LinkedIn, or other methods) the right people, and arrange calls for the business development team.
Prepare elements of any decks which are supplied to provide information on the opportunities.
Be involved in the sales calls and have the opportunity to see your sales contacts through to completion
Build relationships with both brands and sports organizations.

How to apply?

View the job post in full here and write to Michael D’Ambrosio via this link.

#5: AIKO Collective – Social Media Intern

Website: aikocollective.com

Allowance / Remuneration: $500 – $800 monthly

Job Qualifications

Strong interest in social media marketing and digital content creation.
Basic understanding of social media platforms such as Instagram, Facebook, Twitter, LinkedIn, etc.
Proficiency in graphic design tools (e.g., Adobe Photoshop, Canva) and video editing software (e.g., Adobe Premiere Pro, iMovie) is a plus.
Excellent written and verbal communication skills in English.
Ability to work independently and collaboratively in a fast-paced environment.
Creative mindset with a willingness to learn and adapt to new trends and technologies.
Minimum Diploma in Marketing, Mass Communication, Video & Film, or any related fields.
Based in Singapore
Able to attend client meetings & internal meetings in real-life

Key Responsibilities

Content Creation:

Assist in brainstorming and generating engaging content ideas for various social media platforms.
Collaborate with the content team to create visually appealing graphics, videos, and written content.
Contribute to the development of content calendars and scheduling posts.
Edit & film content for clients in accordance with creative concepts
Shortlisting & managing KOLs & Talents for videos & live streams

Social Media Management:

Monitor social media channels for trends, conversations, and opportunities for engagement.
Engage with followers by responding to comments, messages, and mentions in a timely and professional manner.
Assist in community management efforts to foster a positive and interactive online community.

Analytics and Reporting:

Assist in compiling and analyzing social media metrics to evaluate the performance of campaigns and content.
Contribute insights and recommendations based on data analysis to optimize future social media strategies.

Trend Research and Incorporation:

Stay updated on current trends, memes, and cultural moments relevant to the target audience.
Suggest ways to incorporate trending topics into social media content while aligning with brand values and messaging.

Support in Policy Compliance:

Ensure adherence to company social media policies and guidelines.
Monitor social media channels for any potential issues or negative feedback and escalate as necessary.

Learning and Development:

Actively participate in team meetings and training sessions to enhance social media skills and knowledge.
Seek opportunities to gain hands-on experience in various aspects of social media management and digital marketing.

How to apply?

View the job post in full here and apply directly.

Editor’s note: These positions are selected based on the “remote” tag, but some are hybrid ones and you may need to report physically to the office. For more deets, do contact the employer directly.

Top 3 Value-for-Money Maths Tuition Centres in Singapore

Singapore’s education system is renowned for its rigor, presenting a challenge for students and parents alike. In this pursuit of academic excellence, parents often turn to tuition centres to provide additional support, particularly in subjects like Mathematics.

With over 100 maths tuition centres across the island, choosing the right one can be daunting. To aid in this decision-making process, here are three top-notch options:

DEBBIE’S LEARNING COVE

Named after its founder, Mrs. Debbie Wong, a former government scholar who earned her First Class Honours and Masters in Mathematics Degree from the University of Cambridge, UK, Debbie’s Learning Cove is committed to nurturing mathematical excellence since its establishment in 2014.

Classes are kept small, with 6 to 15 students per session, facilitating personalized attention and fostering a conducive learning environment. Students benefit from high-quality learning materials and challenging worksheets designed to prepare them thoroughly for exams, including A-Levels.

Image Credits: debbielearningcove.com

FEES: S$320 to S$400 per four lessons (2 hours each) + S$30 registration fee
LOCATION: Roxy Square, #02-72, 50 East Coast Road, Singapore 428769
WEBSITE: www.debbielearningcove.com

THE MATH LAB

Established in 2002, The Math Lab has expanded to multiple locations in Singapore, offering an immersive mathematics learning experience. Their teaching team comprises university graduates and full-time educators with exceptional academic backgrounds.

Aligned with the MOE syllabus, The Math Lab provides state-of-the-art facilities, access to a library of top school practice papers, and engaging teaching methods designed for optimal learning outcomes. From small tutorial classes to group sessions, students are equipped with the tools they need to excel in mathematics.

Image Credits: themathlab.com.sg

FEES: S$420/month for 8 lessons + one-time registration fee of S$40
LOCATION: Main Office @ Farrer Road Branch, Blk 4, Queen’s Road #02-121, Singapore 260004
WEBSITE: https://themathlab.com.sg

ANDREW YAP EDUCATION CENTRE

Founded by the dynamic duo of Andrew and Jasmine Yap, both alumni of the National University of Singapore and former Mathematics mentors at prestigious institutions like Hwa Chong Institution and River Valley High School, Andrew Yap Education Centre boasts an impressive track record of success.

With over 70% of their students achieving an A in A-Levels Mathematics, the centre offers specialized programs for secondary and JC levels, as well as holiday crash courses aimed at strengthening students’ skills in challenging topics.

FEES: Vary by level and course, ranging from S$300 to S$400 per term for secondary levels and S$380 to S$400 per term for JC levels, with additional fees for crash courses.
LOCATION: Block 302, #01-1842, Ang Mo Kio Ave 3, Singapore 560302
WEBSITE: https://topmathtuition.com.sg

Image Credits: topmathtuition.com.sg

When it comes to your child’s education, investing in quality tuition is invaluable. Consider these esteemed centres to provide your child with the support they need to succeed in mathematics and beyond.

Source: 1

4 accommodations under $135/night in London, UK, if you can free yourself up over the National Day break in August 2024

Are you dreaming of an escape to London over the National Day break but find yourself fretting over the high costs of accommodation?

Worry no more!

Allow us to share with you four affordable stays, each under $135/night.

Hotel-themed private room in Clapham

Price: $110/night (for 2 persons)

Travel dates: 7 to 11 August 2024

First up on our list, we have this hotel-like escape with the comforts of home, a warm and cozy hotel-styled room in Clapham.

Sink into the super king-sized bed with a breathable memory foam mattress for the ultimate sleep experience, just 15 minutes from central London.

Curl up and binge on Netflix using the 65″ OLED 4K UHD TV, then stock the private refrigerator with all your favorite snacks and drinks.

Though this is a shared accommodation, you’re free to enjoy the communal amenities.

With Clapham Common’s green spaces and lively nightlife right at your doorstep, this is the perfect home base to start your London adventures.

Room for two in a shared townhouse in Walworth

Price: $110/night (for 2 persons)

Travel dates: 7 to 11 August 2024

Or unwind in this cozy shared townhouse in Walworth, where you will have a private room with ample storage and your own smart TV.

Beyond your personal space, enjoy full access to the well-equipped kitchen, two shared toilets, and a spacious bathroom with a bathtub.

Conveniently located on a main road, this Edwardian property puts you just steps from bus stops, a supermarket, a pharmacy, and a gym.

Start your day with a Nespresso cuppa and breakfast items provided, then head out to explore the neighborhood and beyond.

This rental space has everything you need for a stress-free stay.

Minimalist room steps away from Vauxhall Park

Price: $134/night (for 2 persons)

Travel dates: 7 to 11 August 2024

Escape the hustle and bustle of London’s city center with this minimalist room just steps away from the serene Vauxhall Park.

Centrally located, it’s a 7-minute walk to the Vauxhall underground and bus station, putting you within 15 minutes of iconic landmarks like the London Eye, Big Ben, and Oxford Street.

With 4.5 modern shared bathrooms, this space is like a mini hotel, offering your own private unit with a fridge, kettle, and microwave.

Enjoy access to the shared kitchen anytime!

Did we mention it has ranked in the top 10% of homes based on ratings, reviews, and reliability by Airbnb?

Room in a rental unit close to Larkhall Park

Price: $134/night (for 2 persons)

Travel dates: 7 to 11 August 2024

Last but not least, we have this rental room just a short stroll from the scenic Thames River.

This modernly furnished space offers comfort and convenience, making it an ideal space for business travelers or city explorers.

Rest on the plush double bed, dine at the small dining table, and entertain yourself with the included TV.

When it’s time to refresh, the shared bathroom with a relaxing bathtub is within quick reach.

With its prime location, this room offers a balance of urban exploration and peaceful retreat.

Each stay under $135 a night can offer you a space to rest your head while you plan your trip around the UK’s capital without compromising on comfort or convenience. So when you find yourself undecided between getting a hotel room or an Airbnb, remember the little money you can save to change into more pounds to spend on your trip. Bon voyage 😉

Exploring Cryptocurrency Investments in Singapore

Is cryptocurrency worth it? As digital currencies reshape finance, Singapore emerges as a crypto hub. We’ll dive into its regulatory framework, clarifying legal status, regulatory bodies, and regulations. Whether you’re seasoned or new, understanding Singapore’s rules is crucial for confident navigation.

Is cryptocurrency considered legal tender in Singapore?

While cryptocurrency isn’t recognized as legal tender in Singapore, it serves as an alternative payment method. Legal tender in Singapore is the Singapore Dollar (SGD), regulated by the Monetary Authority of Singapore (MAS).

Navigating cryptocurrency regulations in Singapore can be complex, especially with the involvement of multiple regulatory bodies like MAS and the SFC. Staying compliant is crucial, particularly when managing your tax obligations in the crypto space. If you need tax advice, visit this resource for expert guidance on GST registration and compliance in Singapore.

Do you need a license to trade cryptocurrency in Singapore? Depending on the platform’s functionality, a license may be required for trading in Singapore.

Who regulates cryptocurrency in Singapore?

Navigating cryptocurrency regulations in Singapore can seem daunting, given the involvement of multiple regulatory bodies. However, understanding their roles can provide clarity and ensure compliance with the established framework.

1: The Monetary Authority of Singapore (MAS)

As the primary regulator, MAS plays a central role in shaping and overseeing the crypto landscape under the Payment Services Act (PSA) 2019. MAS licenses businesses engaged in digital payment token (DPT) services, covering activities like operating exchanges and providing wallets. With a focus on innovation and risk management, MAS enforces strict Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) regulations.

2: Securities and Futures Commission (SFC)

While not the main regulatory body, the SFC oversees digital tokens categorized as securities under the Securities and Futures Act (SFA). It focuses on tokens with characteristics similar to stocks or bonds, collaborating with other regulators to maintain market integrity.

3: The Payment Services Act (PSA)

Enacted in 2019, the PSA serves as the primary legal framework, ensuring a fair and safe crypto environment by mandating licenses and exemptions for specific activities.

4: Singapore Police Force (SPF)

SPF investigates and prosecutes criminal activities in the crypto space, working closely with MAS and other authorities to enforce laws and regulations, ensuring a secure financial environment.

Important Singapore Crypto Regulations governs cryptocurrency activities:

Image Credits: unsplash.com

1: Payment Services Act (PSA) Mandates licenses for various crypto activities, with exemptions for certain tokens.

2: Securities and Futures Act (SFA) Regulates tokens resembling securities or derivatives, aligning with established financial market principles.

3: Commodity Trading Act Oversees trading of asset-backed tokens, ensuring regulatory scrutiny.

4: Travel Rule Requires DPT service providers to collect and share client information during transactions, enhancing AML measures.

Understanding Singapore’s cryptocurrency regulations is essential for compliant and confident trading, especially under frameworks like the PSA and AML rules. For professional assistance with tax and financial compliance, consult this team of accountants to ensure you’re on the right track.

In conclusion, Singapore’s crypto regulation fosters innovation while ensuring stability. With oversight from MAS, SFC, and SPF, investors can engage confidently. Staying informed and compliant is key for maximizing your crypto journey.

Sources: 1 & 2