Bait-and-Switch Rates—Attractive promotional rates often have time limits or balance caps. Always check when the rate expires and what the standard rate will be afterwards. Monthly Maintenance Fee—These can range from $5 to $25++ monthly and really add up. Many banks...

Kuwait: Met with Crown Prince Sheikh Sabah Al-Khaled Al-Sabah to mark 40 years of diplomatic relations. They discussed Kuwait's religious education scholarships for Singaporeans (since 1980) and Singapore's support for training Kuwaiti civil servants. Malaysia: I met...

The Economist highlights a concerning trend in global bond markets, where government borrowing costs are rising sharply across major economies. Let me break down the key points and implications: The Core Problem The article centres on a psychological barrier being...

Recession survival guide tips The five main things to avoid: Co-signing loans - Higher risk of both parties facing job loss or income decline Adjustable-rate mortgages (ARMs) - Rates typically fall early in recessions but rise during recovery Taking on new debt -...

Understanding your spending is crucial—you can't make meaningful changes without knowing where your money actually goes. Tracking your spending through bank statements, apps, or simple spreadsheets gives you the Awareness needed to identify problem areas. Creating the...

The emphasis on building emergency savings and paying down debt makes particular sense during volatile times. Having 3-6 months of expenses readily available provides crucial breathing room, while reducing variable-rate debt protects you from rising interest costs...

Can you pay bills with prepaid cards? Yes, both prepaid debit cards and network-branded gift cards (Visa/Mastercard) can be used to pay bills, provided there are sufficient funds loaded on the card. How it works: The card's processor (Visa, MasterCard, Discover, or...

As inflation surges to unprecedented heights, individuals everywhere are feeling the tightening grip on their finances. In Singapore, where the cost of living is notoriously steep, making savvy spending decisions has never been more crucial, especially when it comes...

https://www.straitstimes.com/singapore/more-than-650000-lost-to-fake-friend-scams-since-april This news article highlights a concerning trend in Singapore: scammers are exploiting people's trust through "fake friend" scams. The scale is significant—over $650,000 has...

Bank Runs: Deep Analysis and Impact on Singapore Understanding Bank Runs: Psychological and Economic Dynamics The Psychology of Panic Bank runs represent one of the most vivid examples of collective panic in financial markets. They operate on a fundamental asymmetry:...