5 Tips In Finding Singapore Jobs

5 Tips in Finding Singapore Jobs

Earlier this year, Mercer’s 2017 Quality of Living survey ranked Singapore as the top city to live in—thanks to its infrastructure. However, the country is also facing challenges when it comes to employment.

In fact, the Ministry of Manpower revealed that the employment growth rate in Singapore was at its slowest since 2003. Moreover, the average unemployment rate also rose to its highest of 2.1% in 2010. Thus, it is not surprising that fresh graduates face difficult times in landing full-time jobs.

They reported earlier this year that some graduates are forced to do internships or pursue further studies to broaden their employment horizons.

But why is it difficult to find a job in the city-state?

Competitive Labour Market

One of the reasons it is difficult to find a job in Singapore is the competitive labour market.

Citizens and expats are competing for a highly educated workforce. In fact, 29.1% of the country’s residents aged 25 years and over are university graduates. Add to that the fact that Singapore offers enticing work opportunities for global talents.

Are you an honour student in Information Technology? Systems Analysts currently earn SGD 5,593 per month.

Who would not want to earn that much, right?

The same thing goes for looking for a “blue-collar job” or jobs that require manual labour. Singapore is a small and economically prosperous country. Rather larger, developing countries surround it. That’s why it makes the country attractive to overseas blue-collar workers.

RELATED: The Worst, Best, and Highest Paying Jobs in Singapore

Economic Conditions

In the Q2 2017 release of MOM’s Labour Market report, resident unemployment rate and retrenchments continue to go down, although slow. According to OCBC economist Selena Ling, companies are instituting a hiring freeze and are reluctant to replace their employees who resigned.

Ministry of Manpower | Tips in Finding Singapore Jobs

On the other hand, the continuing decline in overall employment is due to decreasing numbers of Work Permit Holders in the Construction and Marine sectors.

“The decline was mainly due to a decrease in Work Permit Holders in Marine and Construction due to low oil prices and continued weakness in construction activities, respectively.”

The Singaporean government seeks to boost the construction industry in line with this. How? Bring forward SGD 700 million worth of public amenities projects for the next two years.

What does this mean for the job seeker? First, consider the tips in finding Singapore jobs in the Building and Construction Authority.

Talent Mismatch

According to Dr Walter Theseira, an economist at the Singapore Institute of Management, skills mismatch is why new graduates are having a hard time gaining permanent, full-time employment. Usually, the job seeker’s skills do not suit the client’s expectations.

The Singapore Human Resource Institute also pointed out that companies seek graduates with specialised degrees. So students who have a degree in arts or social sciences may not be highly sought after. But on the other hand, SHRI’s president, Erman Tan, advises:

“This is not to say they don’t have prospects, but they need to be able to present to employers the additional strengths or skills that they have to stand out.”

So, how can you stand out from the sea of job applicants? Follow the five tips below:

5 Tips in Finding Singapore Jobs

It is already a given that it is difficult to find a job in Singapore. But, good thing, there are practical tips that you can do to make looking for a job less painful.

Know What is in Demand

The city-state can be a host to many markets. However, some industries are stronger compared to others. As stated in MOM’s Labour Market report:

“Hiring remains cautious in sectors such as Construction and Marine, but opportunities will continue to be available in Finance & Insurance, Infocomms & Media, Healthcare, Professional Service and Wholesale Trade.”

To know if your desired job has a high employment rate, you can always check out MOM’s Administrative Records and Labour Force survey.

Search for Job Openings Online

There are tons of resources available when looking for a job. And the easiest way to do that is to access the Internet. However, it is easy to get overwhelmed searching through the job board or job search sites.

The solution? Use a job aggregator or subscribe to LinkedIn’s job opening newsletter. That way, you can check out what jobs are available in your area in one place.

Some job ads also provide an email address where you can send your resume. So, instead of collecting all the online job ads, reading them one by one, and sending your application, send your resume via email instead. It is ideal since your resume and cover letter will go straight to the recruiter’s inbox.

Create a Catchy Resume

Speaking of resumes, it is also essential to create a catchy resume. Remember, you are competing against hundreds of job applicants. Therefore, you need to find a way to stand out and catch the recruiter’s attention.

Here are some quick tips:

  1. First, keep your resume headline short and sweet.
  2. Second, personalise your resume’s format.
  3. Use formal text fonts such as Times New Roman or Arial.
  4. Finally, proofread your resume and cover letter before sending them.

RELATED: Need a Job? Here are 5 Steps to Make Catchy Resumes

Visit an Employment Agency

Although a myriad of job openings are available online, it is also a good idea to join an employment agency.

A recruitment agent can help you work on your resume, understand the industry where you want to be, and prepare you for job interviews.

The good thing is that employment agencies are available for both Singaporeans and expats. So all you need to do is conduct thorough research. Then, look for agencies with a lot of positive reviews.

Join Networking Events

Job opportunities may come in unexpectedly. If you are not having any luck on job sites or employment agencies, meeting other people might help.

Attend networking events and reach out to other professionals. Some people attending professional meetups, like Startup Grind Singapore, are looking for people who can work with them. Either they have a startup or are venturing out to other markets.

Startup Grind | Tips in Finding Singapore Jobs

If not, they may be able to introduce you to someone who needs your skills.

Your Employment is Also an Investment

To many, having a stable job means being able to provide for their family. After all, Singapore is one of the costliest cities to live in, according to the latest Worldwide Cost of Living Survey.

On a personal level, being employed gives you a sense of fulfilment because you are being productive. As a result, you can alleviate your family’s economic status. And you are also helping the economy to move forward.

Regardless if you are a new graduate or looking for greener pastures, being employed could mean enjoying a good life—especially in the future.

Guide for Expats Financial Survival in Singapore

Expat’s Best Guide to Financially Survive in Singapore

Foreigners face many challenges living in Singapore. They encounter money problems, too. Here’s the best guide for expats financial survival.

Over the years, the expatriate population in Singapore has been blooming. There can be a lot of challenges for a foreigner living in Singapore, especially with managing the finances. Here are the things you have to know as soon as you land in The Lion City of Asia.

Quick Facts on Singapore

Capital: Singapore

Population: 5.535million (World Bank, 2013)

Major language: English, Malay, Tamil, Standard Mandarin

Currency: The dollar (SGD, $ or S$)

Time zone: GMT+8 Hours

The Best Expats Financial Survival Guide 

Rental property

If your employer is not going to handle your accommodation, you have to know the types of properties you can rent. There is nothing much to fuss about if you have enough cash to give your landlord a deposit for a month or two. However, if you are tight on the budget, here are some tips.

Shop Around

Take time to shop around. Look into various internet sites, ask your friends and colleagues, go to open houses and ask agents. Give yourself at least a month to look into multiple apartments that may interest you and imagine living in the place. Then, compare the areas before creating a shortlist at the end of the month.

By giving yourself enough time, you won’t be pressured when finally deciding. Consider your lifestyle, workplace, and preferred amenities. Search on Facebook forums to know what other expats have to say about the places you are eyeing. Also, you can search on EasyRoommate. There are rooms under $1,000 offered on the site.

Know the Real Price

Knowing the right price will give you the boost of confidence needed to negotiate with landlords. But, unfortunately, it is not enough to ask people you know how much they think apartments are.  Agents are also not a hundred present reliable, and so are the classified ads.

For the most accurate prices, you can look for Singapore’s Urban Redevelopment Authority (URA) lists of leases. You won’t just see the prices. Also, you can see some information. These are the location of the apartment, the size, bedroom, accommodation capacity, and the monthly rental. Plus, you can estimate how much other tenants are paying for a similar apartment.

Urban Redevelopment Authority in Singapore

Poor Quality Listings may Mean More.

If you are looking for cheaper apartments, don’t waste time looking through more than 50,000+ advertisements for premium condos. If many people compete for one apartment since the advertisement has hooked many, it is most likely that the landlord will not give you space for negotiation.

The quantity of photos does not change the quality of an apartment. The apartment with one image may end up better than the other. Give it a chance, get in touch with the agent and ask for more photos, information and other things you think might be personally meaningful.

Use an Agent

Many Singaporeans think that using an agent is a bad idea, but if it means that you have a good negotiator and a financial adviser at your side, then it beats the downside. However, we have to admit that the agent knows more than you do unless you work in the real estate business. So let him/her do the work.

Another advantage is the agent can drive you around to apartments that you might get interested in. You can save time, money and effort going to various apartments. Be vocal and ensure the agent knows your allotted budget for an apartment.

Choose the One You Need

We have to admit that many apartments offer extravagant facilities. These are jogging tracks, pools, semi-professional gyms, and many others. Since you want to save your money, don’t fall in love with facilities you are not even going to use much.

Bank Account

There is a good chance that you already have a bank account way back home, but it is still more convenient to have a local one. Choose between POSB or DBS, OCBC and UOB. You can make bank transfers easier as their ATMs are easy to locate. In case you need to transfer money back home, ask these local banks. Confirm if you can transfer it to your bank in your country.

Credit Card

Singaporeans use credit cards sparingly, and you should, too. You are living in one of the most expensive cities on the globe. You have to make sure that your cards are paid in full and on time to keep your credit score in good shape. You can link your Singaporean bank account to your credit card. So it will be automatically paid off each month.

Foreign currency spending

To save up money, use your credit card when spending abroad. Some cards, such as the UOB Visa Signature card, give a 5-cent rebate every time you reach the minimum expenditure requirement in foreign currency.

Mobile data plan

Singapore has three telcos, SingTel being the most expensive, M1, and StarHub being the cheaper. If you stay in the country for 2 years, you can apply for a plan. However, some expats financial survival instinct is still to use a plan despite staying for less than two years. Therefore, they disregard the option even if they can transfer it to another subscriber.

If you would instead take over someone’s plan, you can search the Expats Forums. Also, find someone who is about to let go of a plan. All you need is proof of your local residence. Finally, you can get a prepaid plan if you are not into calls and your job does not require it.

Internet Service

You can choose from SingNet, M1, StarHub, MyRepublic and ViewQwest. They all provide superfast fibre-optic and broadband connections. However, if you are going to stay for less than 6 months, you may choose between MyRepublic. Or ViewQwest as they have a pay as you go plan available for expats.

viewqwest for expats financial survival

Join expat organisational groups and forums to keep yourself updated. Some expats about to return to their country may offer some of their things up for sale. Visit theExpat.com and InterNations to get the hang of living in Singapore. In addition, find other expats who can relate to your situation.

On the other hand, you don’t have to sacrifice much of your luxuries. Follow this expats financial survival guide in Singapore.

Licensed moneylender Cash Mart offers loans for foreigners. Visit Cash Mart or give them a call, and the friendly staff will be ready to assist you through the process.

6 New Startup Schemes in Singapore for 2017

6 New Startup Schemes in Singapore for 2017

All startup schemes in Singapore need funding. How much are you willing to spend on it? More importantly, do you have enough funds for it?

Moreover, how will you launch and start your company if you lack the money to turn up the gear? So funding your business is a priority.

You must be thankful that startup schemes in Singapore are available. Also, the country offers grants to aid startups with promising futures.

However, there are various new schemes and grants present. So how will you know which one applies to your upcoming venture?

The Best New Startup Schemes in Singapore

Startup SG Founder

Eligibility for startups:

  • First-time entrepreneurs who are Singaporeans and Permanent Residents
  • Must hold or propose to hold at least 30% equity
  • The company must have at least 51% of local shareholding

This grant provides mentorship and startup capital of up to $30,000 for first-time entrepreneurs. In addition, it will match $3 to every $1 raised by the entrepreneur. It means that you can raise up to $30,000. It is the maximum possible funds from this grant.

SPRING selected Accredited Mentor Partners (AMP). Its responsibility is to choose qualified applicants. However, it looks for its unique business concept, feasible business model, strong management, and potential market value.

Remember, the application will not be granted if the company receives funds from another government organisation.

If you want to apply, you must submit all the requirements. These are a duly accomplished application form, your ACRA e-statement, business plans or your management teams’ CVs.

Upon successful application, startups will receive learning programs and networking contacts. All these are in addition to their funds.

Startup SG Tech

Eligibility for startups:

  • Startup applicants are registered or incorporated in Singapore
  • The company must be an SME. In addition, you must have a Company Group annual sales turnover of less than S$100 million. Plus, it must be at least 30% local shareholdings.
  • The company must not be older than 5 years at the date of application.

The Startup SG Tech is for a startup with promising proprietary technology solutions and a scalable business model. They can give the funds from this grant at the startup’s early stage to commercialise proprietary technology.

Moreover, the grant will ask for an equity component for SPRING. It keeps the company towards a growth-oriented mindset. Plus, it cultivates greater financial discipline.

Unlike the Startup SG Founder, you may apply to Startup SG Tech even if you have already received a grant from another government organisation. It is possible if the funding is for a different project. And even if you get rejected, you can still reapply. However, you must provide that you can address the highlighted reasons for rejection.

Once approved, you will receive funds upon the completion of each milestone. It starts from the Pre-requisite milestone. First, 20% of the grant will be released to help you kick-start your project. Then, they will release the rest of the funds depending on the verified completion of milestones.

Startup SG Equity

Eligibility for startups:

  • A Singapore-based company
  • Have paid-up capital of at least $50,000
  • Incorporated for not more than 5 years
  • Can prove substantial innovative and intellectual content of service, products or application
  • Have identified a third-party

With Startup SG Equity, the government will co-invest with an independent third party investor. It is their strategy to help a startup.

Furthermore, the grant focuses on three sectors. These are Urban Solutions and Sustainability, Health and Biomedical Sciences, and Advanced Manufacturing and Engineering.

To apply for this grant, you must email them. Send your business plans and financial statements to seeds@spring.gov.sg. Also, you might have to provide additional requirements. These are Business ACRA and the background of potential third-party co-investors. But keep in mind that it is only possible if applicable.

new startup schemes in Singapore

Startup SG Accelerator

This grant does not directly fund the startups. Instead, it funds the business incubators to help create a sturdy startup.

With incubators and accelerators, they can get funds and non-financial support. It helps to nurture startups and help them have the best outcome.

The Startup SG Accelerator may cover three different types of costs:

  • Programmes to nurture startups. It can help develop new services or products and improve market access.
  • Funds to hire mentors and experts. In addition, it provides management and technical guidance for startups.
  • In addition, it can cover operating expenses. However, it is only partial, as determined by SPRING Singapore.

Startup SG Talent

The Startup SG Talent is to create a more conducive environment. Also, it focuses on better leverage for innovative startups to market globally. Under the Startup SG Talent are three schemes:

  • EntrePass is a scheme which allows foreigners to jump-start their startups in Singapore. The startup applying for EntrePass must not be older than six months. In addition, it has at least $50,000 in paid-up capital.
  • Technology for Enterprise Capability Upgrading (T-UP) funds 70% of the secondment costs. It means it can support the research of scientists and engineers. But it must have a partnership with Agency for Science, Technology and Research (A*STAR).
  • SME Talent Programme (STP) for Startups facilitates internships. It goes well between students and technology-based local startups. Those schemes foresee the startup needs for recruitment, retention and talent management through the development of human capital capabilities.

Startup SG Loan

Startup SG Loan has Government-funded loans for startups. These loans are for SMEs which need funds for equipment financing, working capital or trade financing. In addition, there are two types of loans under this scheme:

  • SME Micro Loans are for startups. It is for those who need working capital financing of up to $100,000. Also, the company must have not more than 10 employees.
  • SME Venture Loan is for high-growth companies who want to expand their business. They can get as much as $5,000,000.

However, what if you need funds for a sudden need. Can you wait for an indefinite time for the grant to be processed?

We all know time is money. If you need additional funding right now, you can get a loan from Cash Mart. Call Cash Mart today at +65 6397 4111 or visit the office in Balestier Road to know more.

Latest List of Visa-free Countries for Singaporeans

Comprehensive List of Visa-free Countries for Singaporeans

Singaporeans love to travel to various destinations around the globe. That’s why it’s a relief that there are visa-free countries to visit. 

If you are one of them, you should know the countries you can visit without a fuss on Visa. Furthermore, you need to know which one requires you to have one.

The Henley & Partners Visa Restrictions Index is a yearly global ranking of countries. It serves as the basis for their freedom to enter another country or territory without a visa. In addition, it placed Singapore in the fifth rank together with Japan and Austria. There are 219 destination countries. But, the maximum score is 218. Why? The citizen’s own country is not counted. Therefore, Singaporean residents can visit 170 countries visa-free.

Discover which countries you can set foot on without a visa.

Visa-Free Countries You can Stay for 6 months

Canada

Visit the Horseshoe Falls in the Niagara Falls on the Canada Side. Although it is a short ride from Toronto, it is a popular must-do in the country. All visitors must have a reservation to be accommodated in the Skylon Tower, which provides a 360 degree of the falls.

United Kingdom

Over the years, Stonehenge has stayed on top of the tourist attraction list in the UK. It is a prehistoric site built in 2500 BC. There are no written records from the culture which created it. However, its mystery attracts curiosity and debates all over the world.

Barbados

The country is famous for its wonderful beaches. It is an independent island country. Also, it takes pride in Bathsheba Beach, located on the west coast.  Unfortunately, it may not be safe to swim there. But, it is a paradise for surfers who love top-notch waves. In addition, it is the best for photographers who like dramatic rock formations and abandoned homes.

Dominica

Named the Nature Island of the Caribbean, Dominica It boasts of its Boiling Lake, which requires a 3hour hike towards it. Also, there’s an eerie pool of bubbling grey-green water. The temperature ranging from 180-197°F is caused by the hot gasses from molten lava below.

Visa-Free Countries You can Stay for 183 days

Peru

Machu Picchu is the only Inca City the Spaniards never colonised. It is still currently one of the Seven Wonders of the World. Trek the legendary Inca Trail and discover its mysteries and wonder.

Machu Picchu, Peru | Visa Free Countries

Credit: http://www.sci-news.com/archaeology/machu-picchu-09954.html

Visa-Free Countries You can Enjoy 180 days

Mexico

Love tequila? Waste no time and ride the Tequila Express. Also, it is popular as Guadalajara Tequila Train Tour. Journey to the town of Amatitan through a traditional Mexican train and enjoy the scenic landscape. The tour includes a buffet lunch of Mexican food and tequila tasting. In addition, there’s a tour of the tequila distillery and a Folkloric Show.

Panama

Cruise the Panama Canal, join the carnival in Las Tablas, and roam Darién National Park’s wilderness. Afterwards, snorkel in the Bocas del Toro archipelago. Panama has much to offer other than its stunning Caribbean location.

Visa-Free Countries You can Relax for 4 months

Fiji

Let your toes feel the warmth of the Sigatoka Sand Dunes. Then, take a ship through mangrove forests and discover Fiji Museum’s history. Also, walk through the Garden of the Sleeping Giant.

Visa-Free Countries You can Stay as Long as 3 Months 

Argentina

Binge your eyes with vibrant colours of vibrant La Boca. The portside is in southern Buenos Aires. Then, enjoy a feast on the national cuisine called a parrilla. In addition, ski down the slopes of the Andes. Afterwards, breathe in the freshness of the stunning Bariloche. But never leave without tasting the local’s chocolate.

Bahamas

If you are into beach bum, you will love the pale pink sands of Harbour Island and the fine alabaster sands of Paradise Island. If you are a hard party-goer, jam with the other tourists and locals in Junkanoo festivities on New Year’s Day and Boxing Day

El Salvador

Hungry for the challenge of nature? Go with El Imposible’s rushing rivers. If you are into bird watching, satisfy your craving with over 500 species of bird freely flying on the treetops. In addition, visit the volcanic crater lakes of Coatepeque and Ilopango. Then, deep your toes in the warm waters of the lakes.

Honduras

Celebrate Easter in Comayagua. First, climb Copán’s ancient ruins and take an adventure through  La Mosquitia. Afterwards, go to Central America’s Amazon, birdwatch on Lake Yojoa and hike in Pico Bonito National Park.

Hong Kong

Ride the cable car to view across Tung Ching Bay, North Lantau Country Park and the giant Tian Tan Buddha statue. Also, bring out the child in you as you step into Disneyland. Then, shop till you drop in Ladies’ Market on Tung Choi Street.

Ireland

Explore Ireland’s Viking heritage in Dublinia. It comes with interactive media, may overlay, and some dressing ups. In addition, bring the kids and feel the real sense of Ireland way back in its history with them. Also, marvel at the Dublin Castle and learn the tales of the kings, stolen treasures, and British rules on lands.

Japan

Have breakfast at Tsukiji Fish Market and feast on the freshest sushi. Then, grab your cam and capture Shirakawa-go. Also, let your inner child feast with delight in Kyoto International Manga Museum. Afterwards, feel the serenity in the floating gateway of the floating gateway Miyajima and go back to the past in Himeji Castle.

Kenya

Climbing Mt. Kenya, have a day trip to Nairobi National Park. Also, be captivated by nature’s beauty in Masai Mara. Don’t forget to visit the elephants in Sheldrick Elephant Orphanage. Then, shop in Mombasa.

Kuwait

Visit the Kuwait Towers and Failaka Island. Kuwait is known for its sea clubs and its variety of outdoor and indoor facilities. The Sadu House is made of corals and gypsum. It houses the crafts and arts of the Bedouin society.

Morocco

Expect one of a kind entertainment in Djemaa El Fna. It is known as the hub of life in Marrakech. Moreover, it is where locals and tourists mix and enjoy various spectacles. Examples are acrobats, snake charmers, musicians and storytellers.

New Zealand

Pumped by extreme activities, New Zealand is the prime destination for those who love bungee jumping. The famous jump off places is the Nevis, the Pipeline, the Kawarau River Bridge, the Ledge, Taupo, Mangaweka (North Island) and Hanmer Springs (South Island). However, if you love zorb, then welcome yourself to its birthplace.

Uruguay

Soak your feet in Salto’s hot springs and shop in Montevideo’s markets for antiques. In addition, enjoy live birds, enjoy parasailing, windsurfing, waterskiing, and sport fishing at Punta del Este.

Visa-Free Countries You can Take a break for 90 days of any 180-day Period

The Schengen Area includes most EU States. However, it excludes Bulgaria, Croatia, Cyprus, Ireland, Romania and the United Kingdom.

Austria

Admire  Vienna’s baroque elegance, celebrate classical music at the Salzburg festival, pump your adrenaline in Harakiri, Austria’s steepest ski slope, and pay homage to Salzburg’s  Wolfgang Amadeus Mozart.

Belgium

Indulge in Belgium’s irresistible chocolates; visit Bastogne Historical Centre to relive the Battle of the Bulge, one of Germany’s deadliest attacks against Allied troops during WWII, and eat moules frites with a bit of mustard.

Czech Republic

Be enchanted with the world’s largest citadel, Prague Castle; explore Bohemia’s medieval town Kutná Hora; enter the fairytale castles of Karlštejn and Konopiště; a journey to the Pilsner Urquell Brewery and sip the best beer.

Denmark

Have a picnic in Assistens Cemetery, try the audio walk with an interactive podcast that tours you around your chosen route, set foot on the birthplace of fairytale writer Hans Christian Andersen and relive the Viking’s heritage in Viking Ship Museum.

Estonia

Enjoy the festivals in Tallinn, Viljandi Folk Music Festival, Leigo Lake Music Festival and Rabarock, Järvakandi through various seasons, sample a variety of beers and wheelchair-bound nature enthusiasts can go on a hike to see the breathtaking Soomaa.

Finland

Take a tour in Lapland, the home of the one and only Santa Claus, where there is sunlight around the clock during summer and colourful northern lights, Aurora Borealis in winter.

France

Join the Tour de France, the biggest cycling event globally; be astonished by Millau Viaduct, the tallest bridge ever, and drive through French wine trails, especially Route des Vins d’Alsace to sample lip-smacking wines.

Millau Viaduct, France | Visa Free Countries

Credit: https://www.nationalgeographic.org/photo/europe-millau/

Germany

WWII left Dresden in ash, but now it is a worthy tourist destination as it resurrected beautifully. Sample ebbelwoi (apple wine), bask in beer at Munich’s 16-day celebration of Bavarian culture, explore Neuschwanstein Castle, and shop at Cologne Christmas Market.

Greece

Experience the serenity in Meteora, Greece’s second most important group of monasteries. Then, take a tour of Athens, and witness the music, dance and theatre performances at Hellenic Festival. It is just like going back in the past.

Hungary

If you love brandy, you have to visit the Kecskemét, renowned for its many varieties of pálinka (fruit brandy). Then, get soaked in Hévíz thermal lake and see the Dental Capital of the World, Sopron.

Iceland

Bathe in the Blue Lagoon, known for its milky turquoise waters. Experience one of a kind New Year’s Eve with hundreds of bonfires and thousands of fireworks going off simultaneously in the crystal sky.

Italy

Tour the Tuscan wine cellars while basking in the fields of vines, cypress woods and sunflowers. Then, see the remains of Pompeii and Herculaneum, which remained engulfed after the eruption in AD79 and sail around spectacular Sardinia.

Latvia

Ride the cable car from Sigulda to Krimulda to have a birds-eye view of the Gauja River Gorge, and enjoy a couple of drinks in the 26th-floor Skyline Bar at the Radisson Blu Hotel Latvija.

Liechtenstein

Visit Vaduz Castle (Schloss Vaduz), Lithuania, tour the Prince’s Wine Cellars, hike around the castle ruins of Schellenberg and see the Winter Sports Museum.

Luxembourg

If you love visiting breweries, you can stay at the Béierhaascht brewery hotel and sample the alcoholic drinks provided by Luxembourg.

Malta

Bathe in the Blue Lagoon of Comino, where Troy’s Hollywood movie was filmed, shows the dazzling blue sceneries. Then, visit the Blue Grotto, the famous cave in Malta known to be surrounded by turquoise to deep blue waters.

Monaco

Chill out at Saint-Martin Gardens, gable in style at Grand Casino in Monte Carlo, and feel the serenity in Monaco Cathedral.

Netherlands

Take your loved one on a candlelit cruise along the canals of Amsterdam, Enjoy a football match at Amsterdam Arena and taste-test countless cheeses in Holland’s cheese markets.

Norway

Brave the winter of Norway’s Arctic region to witness the Northern lights, perched on top of a 1969 feet cliff to marvel at the cerulean blue waters of Lysefjord and experience traditional Norwegian folk culture.

Poland

Climb the Tatras Mountains, enter Lublin through the Cracow Gate and go mushroom picking as it has been a Polish tradition for centuries.

Portugal

Check out the world-famous Estoril racetrack near Lisbon on Portugal’s Atlantic coast if you are into racing.

Slovakia

Up for adventures spiked with wine? Take the Carpathian wine route, which starts just outside the Slovakian capital. The Small Carpathian Wine Route will go through ancient wine towns and well preserved Červený Kameň Castle. Taste test various wines along the way.

Slovenia

Chill out at Radenci, best known for 15 certified natural health resorts. Then, be allured by Slovenian wine and search for the Ljubljana Dragon.

Spain

Be captivated by Madrid, visit Museo del Prado, set foot in Museo Nacional Centro de Arte Reina Sofia to see Picasso’s famous Guernica and tour the Museo Thyssen-Bornemisza, Madrid’s Royal Palace.

Sweden

If you’ve got a couple of days, do not miss the cruise on the MS Ceres along the historic Göta Canal. The canal’s 614km (382 miles) reaches from Gothenburg in the west to Söderköping. Also, meet Santa Clause in the Santa World theme park.

Switzerland

Admire the rustic Appenzell, the traditional villages in Switzerland and overlook France, Germany, Austria, Italy, and Liechtenstein.

Visa-Free Countries You can Relax for 90 Days

Albania

Cycle the Gramoz Mountains for unforgettable views, discover Tirana’s communist past and hike through the famous Albanian Alps.

Bangladesh

Follow in the footsteps of the first Bengalis in the archaeological sites of Sherpur and Paharpur, ride a rickshaw, and stalk tigers in Bengal.

Bolivia

Cruise over Lake Titicaca, float down the Amazon, retrace Che Guevara’s final footsteps, and bike down ‘Death Road’.

Bosnia and Herzegovina

Cross Mostar Bridge across the Neretva River and experience the history unfolding, try rafting near Bihac and visit Catholic shrines in Medjugorje.

Botswana

Paddle around the Okavango Delta and get close to the wildlife of Africa. Explore the waterways in a mokoro, a traditional dugout canoe, to see birdlife at its closest range.

Okavango Delta, Botswana

Credit: https://www.goworldtravel.com/travel-botswana-okavango/

Colombia

Visit San Andrés and its smaller sibling Providencia to feel the tropics at their best. Then, party hard at Carnival in Barranquilla and tour the Zona Cafetera (Coffee Zone) to visit coffee haciendas. Discover various kinds of coffee along the way.

Costa Rica

Take a plunge in the thrillingly turbulent rivers, visit coffee plantations and find the sacred Quetzal known as the Holy Grail of Costa Rica’s tropical birds.

Guatemala

Climb Mayan pyramids in the archaeological site, Tikal, which is hidden in the rainforest. It was once a place for an estimated 100,000 Maya and now contains various species of monkeys, anteaters and tapirs.

Malawi

Travel to Lake Malawi and snorkel the famous colourful fish, thembuna (African cichlids). Then, rock climbs the 2,100m (6,890ft) Zomba Plateau and reaches Likoma island to glimpse the largely unspoiled East African ocean.

Nicaragua

Once a haven for pirates, the Corn Islands are now famous tourist spots for being known as pocket-sized paradise. It has serene turquoise waters, white-sand beaches, and colourful coral reefs.

Serbia

Explore the cultural wonders of Novi Sad, known as the “Serbian Athens”; follow Serbia’s old wine routes known as “Wines from the Sands”, and take a pilgrimage to the Monastery of Zica.

South Africa

Go on a shark cage dive, spot whales in Hermanus, surf South Africa’s famous waves, and swim with African penguins.

South Korea

See the exquisite Joseon palace, visit the Buddha above Bulguksa Temple, take a plunge in Jeju Island and explore Gyeongju, known as the Museum Without Walls.

Visa-Free Countries You can Stay for 30 Days

Brunei

Check out the Tomb of Sultan Bolkiah, be mystified by Omar Ali Saifuddien Mosque, and discover their culture in Brunei Museum.

Chile

Admire the Atacama Desert, witness giant icebergs through the Beagle Channel, and play with the penguins of Antarctica.

Egypt

Dive into the Red Sea and discover the rich marine life under the crystalline waters. Then, get lost in Cairo’s famous labyrinth of Khan-el Khalili bazaar and shop for trinkets and perfume. Finally, Christian pilgrims can take a pilgrimage to Mt. Sinai.

Indonesia

Rediscover Bali and surf its glorious waves, meet the people of Toraja land to experience their tribal culture and get through the rainforest in Sulawesi.

Taiwan

Look for 460 different species of birds, marvel at the corals of Ludao, feast your eyes at Taroko Gorge and relax in Chung Tai Chan Monastery.

Thailand

Watch a Muay Thai match, be mystified by the Grand Palace in Bangkok, rediscover a vanished empire through the ruins in Ayutthaya and release your stress with a Thai massage.

United Arab Emirates

Explore the archaeological digs at Hili, marvel at the iconic building Dubai’s Burj Khalifa, the tallest building in the world with the height of 2,716.5ft, and haggle in Dubai’s famous souks, the open-air marketplace.

Vietnam

Explore Hanoi, sail through the Mekong Delta and shop for suits in Hoi An.

Visa-Free Countries You can Chill out for 21 Days 

Philippines

Discover the surreal collection of shipwrecks in the Calamian Islands, relive the Spanish colonial lifestyle in Vigan, bury your toes in the white sands of Boracay, and brave the big waves of Siargao beaches.

Boracay, Philippines | Visa Free Countries

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Visa-Free Countries You can Take a 14-day Breather

Bahrain

Have a coffee at the Causeway Restaurant while taking in the view of Arabia, get lost in the colourful local market of Bab Al Bahrain, and take a pilgrimage in the Tree of Life, which attracts 50,000 pilgrims every year.

Mongolia

Look out for the 429 recorded bird species, try to catch taimen, the world’s largest salmonid, see the not-so barren Gobi desert and visit Ghengis Khan’s birthplace.

There are countless places to discover, cuisines to sample and sports to try. But, if you need more cash to get on your next adventure, call Cash Mart or pay a visit. The friendly staff are willing to assist you in processing a personal loan from the best licensed money lender to make your dream vacation a reality.

5 Ways To Save Up For Air Tickets and Hotel Room

5 Ways You Can Save Up with Your Air Tickets and Hotel Room Online

Are you planning a break free from stress? But upon booking your air tickets and hotel room, you lack funds. So how can you save for it?

Do you want to save up on your plane ticket and hotel accommodation? You must be clever enough to know the simple ways to cut fees without sacrificing comfort.

Shop around on various booking sites

It seems that nobody books flight directly with the airlines nowadays. Instead, most Singaporeans use flight booking sites. While this is a great idea, remember to browse for tickets and even hotel accommodation in incognito mode. Also, do not forget to deny cookies. This way, the site will not see your preferred destination.

Most sites use cookies, and they can easily track which one are you most likely to buy. With this information, they will gradually raise the prices of the tickets you are interested in purchasing. So if you forget to do this step, expect some ticket prices to go up every time you do your browsing. In addition, it helps if you clear your cache after you do your search.

Use the best credit cards with air miles.

If you plan to go overseas three to six months from now, it is best to get a credit card to earn air miles on every purchase you make. It does not have to be connected to travelling. You can earn miles with dining, groceries and even clothes. After half a year, you could have accumulated enough miles for a free ticket, an upgrade, or a discount.

American Express Singapore Airlines KrisFlyer Credit Card

    • Welcome bonus – 5,000 KrisFlyer miles
    • Sign up Bonus – 3,000 KrisFlyer miles
    • Miles on Grab – 500 KrisFlyer miles on the first booking
    • Earn 1.1 air miles for each $1 spent locally

ANZ Travel Visa Signature Card

    • Free 10,000 air miles when you renew your card membership
    • Earn 1.4 air miles for each $1 spent locally

Standard Chartered Visa Infinite Card

    • Get 35,000 miles upon card application
    • Receive 1.4 air miles for each $1 spent locally

Citi PremierMiles Card

    • Earn 10 Citi Miles for every $1 spent on online travel bookings
    • 15,000 Miles upon application and charges for the first 3 months
    • Receive 1.2 air miles for each $1 spent locally

DBS Altitude Visa Card

    • Receive 1.2 air miles for each $1 on local spend
    • 3 miles for every $1 on selected online flight and hotel transactions

Be wary of fine prints

Budget airlines and airline promos are pretty tempting. But, these can easily turn into baits if you do not read the fine prints. Know the airline restrictions and the penalties it comes with them should you fail to comply. For example, many flyers pay more because they forget to check the luggage dimensions (weight and height) rules. Or when they fail to book their baggage online. Take note that baggage booking can cause way less if you book it online ahead of time.

Also, you must know if you are booking a refundable ticket. In case you need to cancel, can you get back your money? The same applies to your hotel accommodation. Some hotels will require a downpayment. Check if you can refund this before booking the room.

Use Dreamcheaper for hotel rooms.

After booking your room, use Dreamcheaper to help you find a better deal. Send your hotel booking details through an email to hotel@dreamcheaper.com. The Dreamcheaper will continuously scan the booking, hotel, and budget sites for a cheaper deal. You will get a notification. Once you have given your permission, Dreamcheaper will cancel your previous booking and make the new one for you. Then, it will continue searching for a better deal.

DreamCheaper for air tickets and hotel room

Make an email address for newsletters.

Are you the type of person who gets annoyed by many promotional emails in your personal email? It does not want to miss affordable deals. But then, you are better off with a new email address.

Create an email address, especially for marketing emails from booking sites, airline websites and other budget deals from other sites. You can sort out the deals in this email and mark the ones you think are helpful for you.

If you need more cash for a memorable getaway with your loved ones, you can get a quick cash loan from Cash Mart today.

Mutual Funds: What Are They?

Mutual Funds: What Are They?

Mutual funds are thought to be synonymous with investments. But do you really know what it actually means and how it works?

Investing always gets hold of Singaporeans’ interest. People tend to value finding alternative ways to earn more and save more. Folklore of Finance research proved it when Singaporeans topped the financial literacy test. However, only 5 per cent of investing Singaporeans genuinely believed they were ready to achieve their investments goals.

According to the same research, Singaporeans often give credit only to themselves for successful investments. 66% of investors claim that their best investments are only due to their decision call. It only reflects that most investors do not value the importance of soliciting professional advice. Also, they do not value getting further education on investing. Since there is a very high level of pride, they are usually afraid to ask questions about things which seem to be common knowledge among other investors.

If you usually ride the MRT, there is a high chance you have encountered sleek looking financial advisors. They try to sell mutual funds, which seem synonymous with investments. However, most Singaporeans will not admit that mutual funds puzzle them. So, here are the basic things you must know.

mutual funds in Singapore

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Mutual Fund is a Portfolio

A portfolio is a collection or grouping of financial assets. It can be bonds, stocks, funds counterparts, and cash equivalents. Moreover, investors keep their own portfolios. It includes Risk Tolerance or the level of returns variability the investor is willing to withstand and the investment objectives.

Mutual funds itself is a portfolio of assets. However, unlike personal portfolios, it contains collective investments involving hundreds of people. In addition, it gives small investors access to financial assets managed by professional fund managers.

Though this involves a lot of people, each one has an equal proportion of gain or loss. They can access the portfolio and see the investment objectives, which should ideally match its prospectus. Funds have an obligation to declare information that may affect the investors’ decisions.

You can purchase the mutual fund units at the fund’s latest Net Asset Value (NAV). NAV calculation is by dividing the total value of the securities in the whole portfolio by the total number of outstanding shares. However, investors cannot just sell their units at their whims. Why? Usually, there are rules on the number of units to be sold and when they can sell these.

Active Advertisement

Why do you usually hear about mutual funds? Also, why are they aggressively advertised? There is a rave of mutual funds advertisements these days mainly because you can make lots of money with them. For example, if a fund manager is entitled to 1% of the portfolio’s assets a year, it may not seem that big. However, if the assets total $40 million a year, $400,000 will go to the fund manager.

Another reason why it seems to capture the interest of many is the usual behaviour of Singaporeans when thinking about retirement. But, of course, everyone wants to secure retirement at ease. Or even better: an early retirement with the least financial worries.

Which Mutual Funds Should You Get?

There can be various lists of top mutual funds existing on the net. However, you should be mindful of how you will choose the one to invest in. Do not just invest in the first mutual fund you encounter. It is better to research its annualised returns over a 10-year period. While a fund manager holds the mutual funds well, that person may not stay there forever. You can change the person managing the fund in a few years’ time. Thus, the performance of the assets in the market may quickly change. It is better to see its performance for ten years to give you a more realistic idea of how it will fare in the future.

Not all mutual funds will show you their comparable rate of return. Therefore, it is better to ask for its Total Expense Ratio (TER). TER is the amount of money you are paying for the management and marketing of the mutual fund. For example, if the fund returns are at 6%, yet the TER is as high as 3%, you gain 3%. Various mutual funds have different TER fees.

Mutual Funds Eligibility

The Monetary Authority of Singapore (MAS) strictly monitors Collective Investment Schemes (CIS). Therefore, check the list licensed by MAS when choosing a mutual fund. It only ensures you that your investment will be a legitimate product that is not blacklisted. However, this does not guarantee that this is a quality mutual fund that will yield high returns.

No matter how believable and promising a mutual fund, it is unregulated. So then, your investments are not secured. That’s why it will be hard to go after the responsible people. It is better to talk with a financial advisor to assure diversification. Some investors buy the same assets just. Why? They don’t research well as some shares go in different names, yet from the same company.

Reselling Mutual Funds

Reselling mutual funds may have specific guidelines. So to avoid incurring penalties, check the mutual fund regulations concerning to whom can you sell specific units. While mutual funds can be an excellent investment to save up for the future, they may also damage your finances if you are not careful. If you do not understand the product, it is best not to buy it.

Do not miss the chance to strike a great deal on investments if you find an opportunity to strike a great deal. Get a personal loan from Cash Mart.

Understand Credit Card’s Fine Print in 10 Minutes

Understanding Credit Card’s Fine Print in 10 Minutes

Before you sign the thin line to get your card, you must fully understand your credit card’s fine print. Here’s how.

So you finally decided to get your very first credit card. So, of course, you are excited to use it for shopping galore. Why? There are cashback, rebates and rewards. Thus, you’ll maximise the perks only the majestic card can provide.

But do you know how your credit card actually works?

If you are walking blindly in a narrow alley, you will probably end up hurting yourself. You don’t know where you are going. The same goes for using a credit card.

Without fully knowing how it works, you can’t enjoy its full benefits. In addition, you will even waste your hard-earned money. So however complicated it may seem, never skip reading the credit card’s fine print.

Importance of Credit Card’s Fine Print

credit card's fine print

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J.D. Power Reports conducted a study in 2015. He discovered that 85% of Credit Card primary holders do not understand the terms of their credit cards.

Moreover, they are not fully satisfied with their credit cards. That’s why there are unlike those who know how to use their full potential.

Interestingly, Singaporeans are travel-savvy. Yet the study reveals that they do not understand some of the credit card’s fine print. Typically, it is the section about the foreign currency and the transactional fees.

Added to the complexity of the rewards program, most people just focused on the perks. But, most importantly, they look forward to the Cashback reward.

You need quickly understand how your credit card works. Therefore, you must know the usual four parts of the credit card’s fine print.

Credit Card Foreign Transaction Fees

You pay for the signature shirt you bought in Thailand. Your mind hurries to convert the actual price into Singaporean Dollars. But, then, you will be surprised why it didn’t match your bill.

When you use your credit card in another country, the amount charged by the merchant is first converted to US Dollars. Afterwards, it gets converted to Singaporean Dollars. The conversion will largely depend on prevailing wholesale interbank rates and government-mandated rates.

Aside from the uncertainty of the conversion amount, your bank will charge you a transactional fee. Usually, it is 1% of the purchased amount. Then, you will also have a charge from Visa, MasterCard or Amex. But this time, it is on its own charge system. That is the reason why you will be charged higher than expected.

Credit Card Rewards

Don’t get excited with rewards points yet. First, you have to know how many points you will earn for every dollar you spend. Different cards have their own terms. If you do not understand it, you might lose some points you could have accumulated.

Some cards require you to spend on their specific partnering merchants. Others even double your points according to their terms. Therefore, it is practical to watch out for seasonal promos, especially during holidays.

It seems easy, right? However, do not get carried away with collecting rewards points. Also, you have to check the maximum number of points allowed to accumulate within a year.

Make sure the rewards and freebies you earn suit your interest and lifestyle. So you can further enjoy the perks. Though you may have accumulated many points, you can only redeem those included in the bank’s rewards catalogue. Banks have different redemption schemes. For example, it requires a number of points before getting your reward. The same goes for a high cashback rate.

For example, UOB requires their holders to earn 750 points to avail of a $10 voucher. ICBC, on the other hand, requires 6000 points in exchange for its $10 voucher.

Credit Card Interest-Free Periods

Credit card holders have grace periods for them to pay their bills. There is no charge with an interest rate despite missing the scheduled payment date. DBS gives a 20-day grace period while others provide more. Also, if you fail to pay the full amount in time, you will not be charged with any interest. That is why you have to know your credit card’s grace period.

Credit Card Interest Rates

You have to be careful when calculating the charged interest rate. It is better to depend on the effective interest rate per annum. It is more accurate than the monthly rates.

Does a credit card advertises 25% per annum? Your monthly surcharge will be 2.08%. So say if your credit card payment is $2,000 due on October 5th. But you missed it. You will have a charge with a daily interest of 25% per annum.

You have to divide the 25% by 365 days to get the daily interest. It means that your daily interest is 0.068%. Multiply the total bill amount for your daily interest. Then, you will get the additional fee you have to pay because you failed to pay on time.

If you fail again, you have you multiply 0.068% by your new outstanding balance. Then, add it up again. Furthermore, it only applies if you can pay the required minimum payment.

If you fail to pay the required minimum payment, the interest rates on your credit card increase. It is by 4% per annum (25% + 4% = 29% will be your new interest rate).

Computing Interest:

  • The credit card payment is $2,000 due on October 5th, but you missed it.
  • You have a charge with a daily interest of 25% per annum
  • 25 divided by 365 days = 0.068% will be your daily interest
  • $2,000 x  068% = $136
  • You have to pay $2,136 on October 6th
  • If you missed again: $2,136 x  068% = $145.25
  • You have to pay S$2,281.25 on October 17th

If you need to make an immediate payment in cash, you can get the best personal loan from Cash Mart. Cash Mart is a licensed moneylender who makes sure that you understand everything about the contract before you sign. This way, you will know to best to use your loan and keep your credit score healthy.

Is Being a Digital Nomad Really a Free Lifestyle?

Is Being a Digital Nomad Really a Free Lifestyle?

If you are lucky enough to land a job that allows you to work and travel simultaneously, you live a life most Singaporeans desire. Being a digital nomad is not an impossible dream. However, is it really a free lifestyle? Get answers straight from here.

digital nomad

Credit: https://www.samwoolfe.com/2019/09/how-to-make-the-digital-nomad-lifestyle-sustainable.html

The Lifestyle of a Digital Nomad

Transport

As a nomad, you must always be ready to move from one country to another. While this leisure is much captivating to many people you know, this will be hard to do if you lack finances. Most nomads share that they move every two to three months. Since you are trying to save up, you might be using budget flights that can cost $200 if you travel to South East Asia. However, if you aim to go to other parts of the globe, make sure you have around $1,200 to $1,500 in your bank.

On the other hand, you can use your credit card to purchase your flights and gain free air miles or free business class upgrades. A couple of credit cards with this freebie. Compare their conditions and offers.

There is also the local transport that you will surely take, such as trains, cabs, and other public transparent. Set aside around $50 a month as you fare for public transport. If you want to use Uber or Cabs for more convenient travel, be ready to shed $150.

Administration

While Singaporeans can travel to a long list of countries without a visa, you must remember that there is still a chance that you have to get one. A visa is essential when entering a country, and it could cost around $50 to $100. And even if you don’t have to get a visa, you should not forget to renew your passport every five years. The current cost of renewing your passport is 80. Also, do not be surprised if you are charged with customs duties. Custom duties differ from one country to another. Finally, be attentive to your things to avoid losing or damaging any essential documents.

Accommodations

As a nomad, you will have to opt-out of hotel rooms as these are the most expensive accommodation. Hotels rooms with a single bed can cost around $7,500 a month and $250 a night. Though you are only staying for two to three months, it is better to rent an apartment. Airbnb rentals can cost $3,600 a month and $120 a night, while hostels can be as low as $15 per night and S$900 a month. Always keep your essential documents in a safe place if someone tries to take your bag while you are asleep.

Communications

Prepaid SIMs vary in different countries, but generally, they can cost around $90 to $120. Only a few nomads recommend using s data roaming plan. No matter how good the promotion sounds, you are unsure if it actually works in your destination. If it does not work well, you will have difficulty getting in touch with your telco. You’ll decide to buy a local prepaid SIM card and pay for 3G or 4G access. Internet access can cost twice or thrice than you expect, so take time to check tourism websites or travel forums to know how much you will have to spend on communication. Some nomads consider buying a prepaid Sim card a waste of cash since many establishments offer free Wi-Fi access.

In case you are also planning to depend on the free Wi-Fi offered in coffee shops and certain accommodations, you still have to buy a SIM card to be able to make a call.

Food

Everybody needs to eat, and so are you. Like in Singapore, other countries have their own delicacies, yet if you stay for two months or more, you have to create an effective budget for food. Most nomads allocate $200 to $1,500 as their budget for food. Since you are always on the go, be prepared to eat out. Most countries in Asia offer street food meals which can cost $3 to $5 per meal. The meals in mid-range restaurants can cost $25 to $50 per serving, and high-end restaurants have meals at least $70 per serving.

Most restaurants accept credit cards as a mode of payment. You can take advantage of this and earn rewards, freebies or rebates.

Insurance

You will never be sure about the future. While travel insurance can seem like a waste of money to some, you will be glad you have purchased it if you find yourself confined in a hospital. Different travel insurance has different coverage, yet it is better to get the one which covers your delayed flight, accommodation and medical bills. Be sure you shop around for the one that best fits your need. The most expensive one does not mean the most comprehensive coverage, and the least costly might lack a lot of important benefits.

Emergency Costs

Set aside six months’ worth of salary or at least $2,000 if you need sudden hotel accommodation and an emergency flight back home.

 

Transport                    $400

Administration           $100

Accommodations       $900

Communications        $120

Food                           $450

Travel Insurance          $50

20% Savings               $300

Total                           $2,320

If you could be a digital nomad, you’ll need to spend $2,320 a month to survive and be constantly on the go.

Low Interest Personal Loans

Low Interest Personal Loans

People get low interest personal loans for various reasons. Some call it for emergency needs, while others want to boost their credit score. It is handy even for business owners who want to kick start a micro business.

Low interest personal loans are helpful for those who are not confident in getting a loan from banks or borrowing money from their friends and relatives.

What is Personal Loan?

Personal loans are unsecured loans usually used for immediate cash needs. It is quite handy if you can’t pledge property such as a home or vehicle. And since there is no collateral, the process will be shorter. Nobody is sure about his/her finances. There will be times when a cash need suddenly pops up when you think your finances are perfectly balanced.

Good thing there are personal loans within easy reach. You can use personal loans in a myriad of ways. For example, you can use it as a bridging loan to pay for your car’s downpayment. Also, you can use it to buy gadgets, consolidate existing loans and even add it to your emergency cash for your trip abroad. There will be many options, but not all will have competitively low interest rates.

Benefits of Personal Loan

There are various types of personal loans. Some are multi-purpose, while others have specific use. Before applying for a personal loan, make sure that you have a clear purpose. This way, you will be able to use it smartly.

Some Singaporeans use a personal loan to pay for their car’s minor repairs. There are times when a minor car repair can make you lose your No Claim Bonus insurance policy. It means that you can enjoy a benefit if you do not claim your insurance for a certain time. Usually, insurance providers waive some fees or give a 20-50% discount on the premium. Furthermore, it means more savings in the long run. Others use personal loans to consolidate other existing loans.

If you have a couple of loans to pay and have a hard time tracking each due date, a consolidation loan comes in handy. You can use a personal loan to pay off other loans. Then, you just have one loan to pay and track. Another use for low-interest personal loans is for your home’s minor renovation. Do you need to fix a sudden plumbing problem but have no extra budget? Get a personal loan to ease your mind. Even if you’ve got a credit card, there is no denying that there will still be places where you will need to have cash in your pockets.

Credit card cash advances have a steep interest rate charged on you each day until you settle the loan. Also, it is apart from the Cash Advance fee. Also, if you get a cash advance, it will be charged to your credit limit. Therefore, you will need to use your credit card with caution.

How to Avoid Low Interest Personal Loans Scams

Since personal loans are undeniably useful for Singaporeans, loan sharks have used them to milk unsuspecting people with every cent they have. Anyone can fall for the scammer’s sweet words, but you must be vigilant. If the moneylender tells you to make an advance fee before receiving your loan, walk away. It is prohibited for a moneylender to ask for any payment before the approved loan amount is released. A licensed moneylender will either deduct the processing fee from the loan amount or include it in the repayments.

They never ask for upfront fees. Check it the moneylender has a physical location. There are online licensed moneylenders. Processing the loans can start online. It can save your time as you can apply through their websites. However, they must also have an actual office where you can drop by. Having no real office is a clear sign that you are dealing with a loan shark. Do not forget to check the list of licensed moneylenders in Singapore.

The Ministry of Law strictly keeps checking on the compliance of the Moneylenders Act. Also, it keeps the industry fair and competitive aside from protecting both the borrower and the lender from abusive individuals. Another thing to consider is the years a moneylender has been in business. Indeed, a reputable moneylender thriving for decades has a long list of loyal clientele.

Cash Mart: Personal Loans Near Me

Take control of your finances with the low interest personal loans nearest you. Whether you want to pay off outstanding bills, go on a holiday trip, renovate your home, or consolidate your debts, Cash Mart indeed has the best personal loan. Just apply online anywhere you are in the city-state, anytime on the day. Whether you are a high wage earner or have a low regular salary, Cash Mart has personal loans flexible enough for each borrower.

It is further designed to fit money needs for various purposes or reasons. As a reputable licensed moneylender, Cash Mart will walk you through the whole process and give you options to help you find the loan that will fit your preferences. As a licensed moneylender, Cash Mart also believes in transparency. Feel free to inquire first about its loan products. Use the online calculator and navigate through terms to know which one is best for you. Get a loan from Cash Mart today to experience what the best low interest personal loans ought to be.

5 Best Marketing Strategies For Investment Firm

5 Best Marketing Strategies for Your Investment Firm

Do you want to improve your brand? Have you ever checked the efficiency and outcome of your investment management firm’s marketing strategies? Then, check out these few tips as it talks about the best marketing strategies for investment firms.

In this age of rampant digital marketing and cutthroat competition, it is essential to be ahead of the competition by using up the best strategies to gain the edge over your competitor firms.

It is pretty important to stay ahead to get to your prospective clients. So now, let us check out a few tips for the ultimate marketing strategies for investment firms you got to follow to improve your brand.

best marketing strategies

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Never leave to rebrand!

Take a look at the demographics of your clients. You wouldn’t be surprised to see that the age of your clients has come down. But, on the other hand, the youth have started getting more involved with investing.

As the demographics of your target audience have changed, it has become vital to rebrand your firm’s marketing strategies. And this will also help you get more outreach. Your strategies have to be agile and help you maintain your market position irrespective of the market condition.

Transparency for the best marketing strategies!

How transparent are you in the dealings?

You got to establish high levels of transparency and integrity in your transactions with your clients. So that they would trust you more and help you build goodwill. Therefore, you must make your site more user-friendly and very intuitive.

Give sufficient focus to digital marketing!

Digital space has started to dominate the world! If you haven’t paid sufficient effort to digitise, you got to do it. Restructuring your systems and focusing on improving your online position would help you boost your market position.

Make your content attractive!

You have to bring out something that captivates your customers to use your service. What is that extra edge you have over others? You have to find that and put them across to your customers in the best way.

Before you choose new strategies, you must deeply examine whether these strategies would help you grow and establish your brand. Since you deal with investment banking, you ought to do a lot of initiatives to build the credibility and reliability of your brand.

Power of strong messages!

It is something that would influence the success of your campaigns. How strong are your messages, and how well have they reached your clients? Are you doing it yourselves or outsourcing this to other firms?

The best thing you should understand is that, before you outsource marketing tasks to an outside firm, you must analyse the portfolio and their work. You might be the best financial consultant or expert, but how well that message is conveyed to people is the most crucial factor.

You must build a message that is congruent to the culture and policies of your firm and should help you in getting highly transformed.

It doesn’t mean that you must create hype for your messages and project yourself as one of the best firms, but it is also vital that you can deliver what you promise!

Not having an effective digital marketing strategy can make your business fall behind the competition. Don’t let your consumers slip away. If you lack marketing funds, you can quickly get a quick cash loan from Cash Mart – Singapore’s reputable licensed money lender. Cash Mart lets you acquire a flexible instant loan to grow your business and thrive in the coming years.