S’pore’s Budget 2024: Your Roadmap to Financial Aid & Cash Bonuses

In response to concerns over the cost of living, Deputy Prime Minister Lawrence Wong unveiled significant measures during his Budget 2024 address last February 16, 2024, aimed at providing increased financial support to Singaporeans. Here’s a comprehensive timeline outlining the various cash payouts and assistance schemes slated for implementation:

APRIL
– U-Save: S$110- S$190
– S&CC Rebate: 0.5 – 1 month

JUNE
– CDC Vouchers: S$300

JULY
– U-Save: S$165-S$285
– S&CC Rebate: 0.5 – 1 month

AUGUST
– Cash Payout: S$450 or S$850

SEPTEMBER
– Cash Payout: S$200- S$400

OCTOBER
– U-Save: S$110- S$190
– S&CC Rebate: 0.5 – 1 month

NOVEMBER
– NS Life SG Credits: S$200

DECEMBER
– Cash Payout: S$200- S$600
– CPF MediSave: S$100-S$1500
– CPF RA or SA: S$1000-S$1500
– Personal Income Tax Rebate for YA 2024: Up to S$200

JANUARY 2025
– U-Save: S$165- S$285
– S&CC Rebate: 0.5 – 1 month
– CDC Vouchers: S$300

#1: ASSURANCE PACKAGE

Enhanced by an additional S$1.9 billion, the Assurance Package offers:
– S$600 in CDC vouchers distributed in June and January 2025 to all Singaporean households.
– Cost-of-living “special payment” ranging between S$200 and S$400 for eligible adult Singaporeans.
– Additional U-Save benefits totaling up to S$950 for eligible HDB households.
– An extra half-month of S&CC rebate in January 2025, totaling up to four months’ rebate for eligible HDB households.

#2: LIFESG CREDITS FOR NSMEN

All NSmen, past and present, will receive S$200 digital credits redeemable via the LifeSG mobile app. Distributed in November, these credits are valid for one year.

#3: MEDISAVE BONUS

In December 2024, adult Singaporeans aged 21 to 50 will receive a one-time MediSave bonus ranging from S$100 to S$300, based on various criteria, including age and property ownership.

#4: SINGAPORE WORKFORCE DEVELOPMENT

The introduction of the SkillsFuture Level-Up program for mid-career workers will include a top-up of SkillsFuture Credit by S$4,000 for Singaporeans aged 40 and above, starting in May. Moreover, there will be a monthly training allowance for those aged 40 and above enrolling in selected full-time courses, capped at S$3,000 per month.

#5: TAX RELIEF

The income threshold for dependant-related tax reliefs will double from S$4,000 to S$8,000 for the year of assessment 2025, benefiting more taxpayers.

#6: TAX REBATE

A 50% personal income tax rebate, capped at S$200, will be applicable for the year of assessment 2024, primarily benefiting middle-income workers.

Image Credits: unsplash.com

These initiatives underscore the government’s efforts to alleviate financial burdens and support the well-being of Singaporeans amidst economic challenges.

Sources: 1 & 2

Read More...

5 FREE Things to Do in Marina Bay

Are you searching for the top activities to enjoy in Marina Bay, Singapore without breaking the bank? This guide has got you covered with a lineup of free and budget-friendly attractions you won’t want to miss during your visit! And when we say budget-friendly, we mean absolutely free!

1. TAKE A LEISURELY STROLL IN GARDENS BY THE BAY

Gardens by the Bay is like stepping into a fantastical world and ranks among the top attractions in Marina Bay Singapore!

While wandering through the Supertree Groves is free of charge, you can elevate your experience by catching a panoramic view of the area from the suspended walkway known as the Supertree Observatory, priced at S$10 for adults and S$7 for children or senior citizens.

Image Credits: unsplash.com

Get your tickets here: gardensbythebay.com.sg

2. EXPERIENCE A LIVE PERFORMANCE AT ESPLANADE

Don’t overlook the complimentary performances and captivating artistic displays at Esplanade – Theatres on the Bay – they’re just as captivating as those in the concert halls, if not more so!

From local talents to international acts, Esplanade offers a diverse array of performances that are definitely worth your time.

Check out the schedule here: esplanade.com/whats-on

3. WITNESS THE SPECTRA LIGHT & WATER SHOW

When night falls over Marina Bay, be sure to catch the Spectra light and water show, taking place every night at 8 pm and 9 pm, with an additional show on Fridays and Saturdays at 10 pm. Laser lights choreograph to the rhythm of the music, casting vibrant images over the water spray for a 15-minute visual extravaganza – and the best part? It’s entirely free!

Plus, during Taylor Swift’s The Eras Tour, expect to hear some of her chart-topping hits.

4. EXPLORE THE ICONIC SIGHTS WITH APPLE

Embark on an evening tour around Marina Bay and master the art of capturing stunning low-light photos using Night mode and more on your iPhone. Learn how to adjust exposure, balance foreground and background, and capture your best night shot with simple techniques. This tour covers approximately 500m. Remember to bring your iPhone or use the latest one provided!

The next session is scheduled for Monday, March 18th, from 7:00 pm to 8:30 pm. Sign up here: apple.com/sg.

5. SET SAIL FOR FREE

Take the helm and sail aboard DBS sailboats, soaking in breathtaking views as you glide along the Marina Bay waterfront promenade for 30 to 40 minutes – all at no cost!

The DBS Marina Bay Sailing Programme is part of the bank’s ongoing commitment to enliven the bay and offer more opportunities for everyone to experience sailing around the Marina Reservoir.

Hop aboard the SB20 and the SM40, and see Singapore’s Marina Bay from a whole new perspective. Booking is available monthly, so reserve your spot here: dbs.com.

Location: Marina Bay, boarding at Pontoon beside Customs House (70 Collyer Quay 049323 Singapore)

Marina Bay offers a plethora of unforgettable experiences without straining your wallet. From the surreal ambiance of Gardens by the Bay to the enchanting performances at Esplanade and the mesmerizing Spectra light show, there’s something for everyone. Dive into photography workshops with Apple or set sail on the Marina Bay waterfront, all at 0 dollars. Enjoy!

Sources: 1, 2, & 3

Read More...

Why you’re better off with a debit card over a credit card

credit cards in Singapore

We’re sure you’ve seen the ads on those credit card offers.

They make it seem so appealing, like free money!

But before you get blinded by the “rewards,” ask yourself if you’re really ready for a credit card. 

Sure, they can be useful if used properly, but for most people, especially those still building financial stability, it’s probably not that wise.

So allow us to share with you why you’re better off with a debit card over a credit card.

Helps you avoid debt

A debit card is linked directly to your bank account, so you’re only spending money you actually have.

This means there’s zero chance of racking up debt or late fees since the funds are deducted right away.

Using a debit card also helps you budget better since you have a fixed amount of money to work with each week or month.

You can allocate funds accordingly and once it’s gone, it’s gone—so you avoid impulsive big purchases.

With credit, it’s easy to swipe now and worry about the bill later, so you’re less likely to feel the impact of each purchase immediately.

Encourages responsible spending
  • Keep within your budget

Using a debit card helps ensure you don’t go over budget since you have to keep track of your balances to avoid overdrawing.

This makes you think through each purchase and whether it’s necessary.

Credit cards, on the other hand, allow you to spend now and worry about paying for it later which often leads to poor spending decisions.

With a debit card, you develop better budgeting habits and financial discipline since overspending has immediate consequences.

  • Pay in full
a woman holding onto a credit card

Image Credits: unsplash.com

With a debit card, the money for your purchases is deducted right away from your available funds.

You don’t have to worry about interest charges or making monthly payments.

Everything is paid in full.

On the spot.

This can give you peace of mind knowing you don’t owe anything and your spending is kept in check.

Credit cards, however, allow you to pay over time with interest which ends up costing you much more in the long run.

Avoiding unnecessary interest charges

And lastly, there’s no interest applied and no bill to pay later (except maybe for selected BNPL schemes).

With credit cards, the amount you spend is essentially a loan that accrues interest if you don’t pay the full bill on time.

And when those interest charges accumulate, minimum payments barely make a dent in what you owe.

Stick with debit and avoid the stress of a revolving credit card debt.

All in all, a debit card is a better choice if you’re trying to keep your finances in check. Yes, credit cards come with perks, but those rewards aren’t worth it if you can’t pay your bill. A debit card helps you stick to a budget and avoid debt. You will sleep better at night knowing exactly what’s in your bank account rather than worrying if you can cover that next credit card payment. So go for the debit lane and avoid the credit card chaos.

Read More...

4 confinement wines under $28.90 as thoughtful gifts for new mummies

Confinement Wines

As a new mother begins her journey of motherhood, why not surprise her with a thoughtful gift that’s nourishing to her body?

In this post, we will reveal our selection of confinement wines priced under $28.90, ready to pamper the new mummies you know in your life.

Keep reading!

W Rice Wine: Premium Traditional Rice Wine

Premium Traditional Rice Wine

Price: 19.90

First up, we have this premium rice wine that has been handcrafted in Singapore using an heirloom recipe passed down for over three generations since 1931.

Aged in clay barrels, this all-natural rice wine is made with only sweet rice, natural yeast, and purified water, without any added sugar or preservatives.

Here’s what you get: an aromatic and smooth rice wine.

Sip this gluten-free rice wine on its own or add it to steamed and braised dishes for added flavor.

Every bottle is a celebration of time-honored traditions and techniques that have been perfected over the years.

Ye Traditions: Red Rice Wine

Red Rice Wine

Price: $23.80

Next, we have this traditional red rice wine from Ye Traditions, which uses a recipe also passed down from three generations.

The small-batch production incorporates only the finest ingredients sourced from Singapore, including premium mineral water, wine cakes, glutinous rice, and red yeast rice.

The unique fermentation process creates a natural sweetness and tartness without any added salt or sugar, making it a healthier option.

The red yeast rice, which imparts the beautiful reddish hue, is valued in Traditional Chinese Medicine for its cholesterol-lowering benefits.

Best enjoyed as a component of Hong Zao Chicken Soup, this distinctive red rice wine offers our new mummies a taste of heritage.

BC Rice Wine: Yellow Rice Wine

Yellow Rice Wine

Price: $28.50

This yellow rice wine has also been crafted using a family recipe passed down for generations but hails from Sarawak, Sibu, and Miri.

The white koji yeast is fermented to produce a sweet, mild-bodied rice wine with a pleasant aroma.

Ideal for enriching confinement nourishing dishes or adding flavor to seafood, meat, and poultry, this preservative-free rice wine is made with natural ingredients and contains no added sugar. 

Get a taste of the authentic flavors of Malaysia using this traditional rice wine that has been produced using time-honored methods.

BC Rice Wine: Hakka Rice Wine

Hakka Rice Wine

Price: 28.50

Or you can consider this Hakka Rice Wine that hails from Eastern Malaysia from the same seller—BC Rice Wine.

The winemaking process remains fully handcrafted, using yeast and Red Koji Rice that lend the wine its pink hue.

With no added sugar or preservatives, the wine is mellow, sweet, and rich in flavor, making it a wonderful match for homemade confinement dishes or rich soups.

Its subtle notes also pair delightfully with seafood like clams and crab, as well as chicken, duck, and braised or stewed pork.

Gifting a new mummy with one of these confinement wines under $28.90 is not just about the wine itself, but the sentiment it represents. Let these thoughtful gifts serve as a reminder of the importance of self-care during this precious time.

Read More...

Unlock Your Inner Mecha: Experience the Giant Gundam in Yokohama ‘Til March 2024

Browsing through your social media feed, you’ve probably noticed a delightful trend: many of your friends are jetting off to Japan. This surge in travel is fueled by enticing airline seat sales and the enchanting cherry blossom season, coupled with the allure of visiting attractions that resonate with anime enthusiasts. Among these captivating sights stands the 18-meter Gundam statue in Yokohama, slated to operate until March 31, 2024.

Here’s the good news: the Embassy of Japan in Singapore confirms that Singaporean citizens can enjoy visa-free entry into Japan for short-term tourist stays of up to 90 days. As for non-Singaporeans, checking if your country qualifies for visa-free travel or applying for a short-term visa online is a straightforward process.

Now, let’s talk about the Gundam. Prepare to be awestruck by this extraordinary 18-meter marvel in Yokohama, undoubtedly one of the most breathtaking attractions to date. With its flashing LED lights, articulated limbs, and the ability to step out from its docking station, this colossal robot stands as a testament to modern engineering marvels. Development of this project began in 2014, with designers investing several years in perfecting its mechanics before unveiling the Gundam in December 2020. For ticket information, visit the Gundam Factory Yokohama website: gundam-factory.net/en.

Tickets for Gundam Factory Yokohama entrance are priced at 1,650 Yen/adult and 1,100 Yen/child (ages 7 to 12). Additionally, there’s the option of purchasing a Gundam-Dock Tower viewing ticket, priced at 3,300 Yen for both adults and children. To access the Gundam statue up close, the purchase of a Gundam-Dock Tower viewing ticket is required, which includes admission to the factory.

Image Credits: unsplash.com

Before embarking on your journey to Japan, consider these travel tips:

1. TRANSPORT PUNCTUALITY

Punctuality is key in Japan, particularly for their high-speed railway, the Shinkansen. Trains depart promptly, so ensure you arrive well in advance of departure times.

2. JAPAN RAIL PASS

Secure a Japan Rail Pass in advance for convenient travel across the country. While passes are now available for purchase at select stations and airports until March 31, 2024, online purchases remain more cost-effective.

A 7-day Ordinary Pass and Green Pass will cost approximately S$277.65 and S$370.79, respectively, on Klook, and approximately S$280.80 and S$375.30, respectively, on the JR Pass website. Both options also include free delivery to your address in Singapore.

3. CONVENIENCE STORE FINDS

Indulge in Japan’s convenience stores, known as konbinis, offering an array of fresh and affordable food options, along with other essentials. Personally, my husband and I enjoyed the snacks and desserts in the convenience store. Moreover, anime merchandise is available there too.

4. CASH PAYMENTS

Cash is preferred in many establishments, so ensure you have sufficient funds for your trip. While credit cards like Visa, Mastercard, and JCB are widely accepted, some places may not accept American Express. ATMs can be scarce in Japan, so convenience stores, many of which are open 24/7, often have ATMs for your convenience.

5. CHERRY BLOSSOM VIEWING

If planning a trip to see the cherry blossoms, aim for late March to early April in Tokyo (i.e., Flowering: March 22 / Full bloom: March 29), Osaka (i.e., Flowering: March 24 / Full bloom: April 1), and Kyoto (i.e., Flowering: March 22 / Full bloom: March 31). Alternatively, head north to cities like Sapporo, where blossoms bloom from late April to the first week of May (i.e., Flowering: April 30 / Full bloom: May 4).

Image Credits: unsplash.com

By using these tips, you’re sure to make the most of your adventure in the Land of the Rising Sun!

Sources: 1,2,3, & 4

 

Read More...