How to Save Money in High Cost Singapore

[MsKoh1973]

I only put in endowment or FD. Less than 5% in unit trust and stocks with my Fin Advicer.

 

[BunionSG]

For me, i bought a flat and rent out. Another kind of investment too.

 

[evaclark51]

There are so many ways you can save money like buy sorting some costs or having some kind of work from home or you can also rent out your house if there is any space for rent.

 

[Nali54]

I also invest in FD...hubby will decide

 

[BunionSG]

I also invest in FD...hubby will decide

whats FD?:err:

 

[lovelymother]

whats FD?:err:

i assume its fixed deposit

 

[BunionSG]

ohh thanks! how do i start investing in that?

 

[lovelymother]

Something like investing in the bank to earn interest?

 

[Tristar]

Invest as in? Stocks?

yes, stocks and FD

 

[edy]

fixed deposit is the best way to save money as the interest rate itself is lower than inflation

how about start doing some online business?

 

[MsKoh1973]

Recently there r some fixed deposit promotions, u can go chx on Std Chartered, Hong Leong, UOB website for more details.

 

[shee]

Should be fixed deposit

 

[BunionSG]

ooh! hmm online business could be another great idea too

 

[lovelymother]

Yup but its better to do preorder ones, will not have the risk of losing money

 

[geigaogirl82]

u've opened one bfore?

 

[BunionSG]

Recently there r some fixed deposit promotions, u can go chx on Std Chartered, Hong Leong, UOB website for more details.

what promotions they have?

 

[tigerbabe]

Can consider buying bonds like Capmall bonds or REITS. I think generally these have better returns n also not that risky. FD rates are really very low.

 

[BunionSG]

but i guess the risk is higher?

 

[Jewelshaper]

Have to do homework before investing in anything..read and read UP!

 

[lovelymother]

Any advice on stocks?