BT Money Hacks

9:30 mins

Synopsis: In this new podcast series for 2018, The Straits Times and The Business Times offer tips for the newcomer to the financial and investment scene.

Is buying just one bundled policy for the rest of your life enough? Mr Walter de Oude, founder and chief executive of Singapore Life - a next generation life insurance company licensed by the Monetary Authority of Singapore - explains four simple steps to take after listening to this episode. 

He explains the difference between life insurance and term life insurance and how you can consider a modular buying approach with an increasing trend towards term insurance for example, with specific plans and purposes.

Step 1: Decide your needs. Lump savings plan and insurance together? Or keep them separate? It's best these days to build as you go along as newer, better and more flexible products come to the market.

Step 2: Do a comparison across the market, especially for products like term insurance.

Step 3: Make the commitment to buy your insurance after you do your homework.

Step 4: Look at the building blocks of your long-term insurance needs. Ensure a shield plan first, critical event coverage and life insurance cover, and then, a disability income plan as the final step.

Produced by: Ernest Luis & Christopher Lim

Feedback to: [email protected]

Like, subscribe and rate our Money Hacks podcast on:

Spotify: http://str.sg/oeGN

iTunes: http://str.sg/oeXe

Google podcasts: http://str.sg/oeGd

On website: http://str.sg/stpodcasts

Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

See omnystudio.com/listener for privacy information.

Money Hacks Ep 28: How to make your credit card work harder for you

7:35 mins

Synopsis: In this new podcast series for 2018, The Straits Times and The Business Times offer tips for the newcomer to the financial and investment scene.

Ms Natalia Goh - head of credit cards and personal loans for Standard Chartered Bank Singapore - explains why practical Singaporeans love cashback cards like Standard Chartered's Unlimited Cashback Card.

It offers 1.5 per cent cashback on spending with no cap, and is among the best in the market, as The Straits Times had previously reported.

To make your credit card work harder, keep three pointers in mind:

1. Know your lifestyle needs and spending habits

2. Read and compare terms, conditions and benefits of credit cards online first, before applying

3. Look out for seasonal promotions, ahead of the approaching Christmas period for example

She gives us tips on how to look for different credit cards for different needs - ranging from petrol to dining, and online shopping.

Produced by: Ernest Luis

Like, subscribe and rate our Money Hacks podcast on:

Spotify: http://str.sg/oeGN

iTunes: http://str.sg/oeXe

Google podcasts: http://str.sg/oeGd

On website: http://str.sg/stpodcasts

Feedback to: [email protected]

Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

See omnystudio.com/listener for privacy information.

Money Hacks Ep 27: How technology helps you understand insurance policies and buy with confidence

9:30 mins

Synopsis: In this new podcast series for 2018, The Straits Times and The Business Times offer tips for the newcomer to the financial and investment scene.

Can a 100% digital approach help you plan your insurance or children's education or retirement needs, more simply and transparently?

Traditionally, companies might ask if you need insurance or other products, in simple yes or no terms. These days, a more holistic approach is being sought out by customers with the following questions for instance.

What does your life look like?

Are you a working professional? Are you planning a family? Do you have a family? Do you have ageing parents?

Looking at what products match your personal goals is what Singapore Life aims to do.

It is the first independent life insurance company licensed by the Monetary Authority of Singapore since 1987, with policies protected by the Policy Owners' Protection Scheme.

Singapore Life's founder and chief executive Walter de Oude and its chief technology officer Robert Ross, explain more in this podcast episode.

Produced by: Ernest Luis & Christopher Lim

Feedback to: [email protected]

Like, subscribe and rate our Money Hacks podcast on:

Spotify: http://str.sg/oeGN

iTunes: http://str.sg/oeXe

Google podcasts: http://str.sg/oeGd

Download ST & BT podcasts for offline listening: http://str.sg/stbtpodcasts

On website: http://str.sg/stpodcasts

Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

See omnystudio.com/listener for privacy information.

Money Hacks Ep 26: How to achieve a $3,000-a-month retirement income by planning early

9:30 mins

Synopsis: In this new podcast series for 2018, The Straits Times and The Business Times offer tips for the newcomer to the financial and investment scene.

Retirement planning can be made simpler if we start to apply simple and established formulas to calculate what we need at the age of 65, assuming a continued lifespan of 20 years or so after that age.

Mr Walter de Oude, founder and chief executive of SingaporeLife - a next generation life insurance company licensed by the Monetary Authority of Singapore - explains two simple steps to take after listening to this episode.

Step 1: Start by looking at existing CPF calculators online, and read up on the CPF Life scheme for a start.

With the current CPF payout eligibiity age at 65, the CPF Life scheme - introduced in 2009 - provides a monthly income for as long as you live.

Step 2: How to add other formulas like the 4% rule to do a set of mental calculations, or even the "300" formula, where you take your current monthly expense figure and multiply it by 300.

The result is the figure you need in your kitty to keep up your lifestyle even after retirement.

Produced by: Ernest Luis & Christopher Lim

Feedback to: [email protected]

See omnystudio.com/listener for privacy information.

Money Hacks Ep 26: How to achieve a $3,000-a-month retirement income by planning early

9:30 mins

Synopsis: In this new podcast series for 2018, The Straits Times and The Business Times offer tips for the newcomer to the financial and investment scene.

Retirement planning can be made simpler if we start to apply simple and established formulas to calculate what we need at the age of 65, assuming a continued lifespan of 20 years or so after that age.

Mr Walter de Oude, founder and chief executive of SingaporeLife - a next generation life insurance company licensed by the Monetary Authority of Singapore - explains two simple steps to take after listening to this episode.

Step 1: Start by looking at existing CPF calculators online, and read up on the CPF Life scheme for a start.

With the current CPF payout eligibiity age at 65, the CPF Life scheme - introduced in 2009 - provides a monthly income for as long as you live.

Step 2: How to add other formulas like the 4% rule to do a set of mental calculations, or even the "300" formula, where you take your current monthly expense figure and multiply it by 300.

The result is the figure you need in your kitty to keep up your lifestyle even after retirement.

Produced by: Ernest Luis & Christopher Lim

Feedback to: [email protected]

See omnystudio.com/listener for privacy information.

Money Hacks Ep 25 - Are you a good saver? Is it worth enjoying higher interest rates with OCBC 360 and UOB One following latest tweaks?

9:10 mins

Synopsis: In this new podcast series for 2018, The Straits Times and The Business Times offer tips for the newcomer to the financial and investment scene.

Local banks are introducing higher bonus interest rates to get customers to save more. From Nov 1, 2018, OCBC customers can earn an effective interest rate of up to 3.2 per cent per annum on the first $70,000 in their savings account known as the 360 account, when they fulfil some criteria.

The move comes after United Overseas Bank (UOB) in August raised the balance amount for which customers can earn maximum bonus interest.

Customers who have a UOB One account can receive an effective interest rate of up to 2.44 per cent per annum in bonus interest on their first $75,000 when they spend $500 on their credit card and credit their monthly salary of at least $2,000 or have three Giro debit transactions.

DBS Bank has a Multiplier account which can earn customers up to 3.5 per cent per annum in interest on the first $50,000, as long as the salary is credited into the account with two or more separate transactions with the bank. The transactions can include credit card spending, investments and mortgages.

Produced by: Ernest Luis & Christopher Lim

See omnystudio.com/listener for privacy information.

Money Hacks Ep 25 - Are you a good saver? Is it worth enjoying higher interest rates with OCBC 360 and UOB One following latest tweaks?

9:10 mins

Synopsis: In this new podcast series for 2018, The Straits Times and The Business Times offer tips for the newcomer to the financial and investment scene.

Local banks are introducing higher bonus interest rates to get customers to save more. From Nov 1, 2018, OCBC customers can earn an effective interest rate of up to 3.2 per cent per annum on the first $70,000 in their savings account known as the 360 account, when they fulfil some criteria.

The move comes after United Overseas Bank (UOB) in August raised the balance amount for which customers can earn maximum bonus interest.

Customers who have a UOB One account can receive an effective interest rate of up to 2.44 per cent per annum in bonus interest on their first $75,000 when they spend $500 on their credit card and credit their monthly salary of at least $2,000 or have three Giro debit transactions.

DBS Bank has a Multiplier account which can earn customers up to 3.5 per cent per annum in interest on the first $50,000, as long as the salary is credited into the account with two or more separate transactions with the bank. The transactions can include credit card spending, investments and mortgages.

Produced by: Ernest Luis & Christopher Lim

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.