Much has been mentioned about the “transparency” of Sibor-pegged mortgage loans. But there are TWO risks associated with such loans. First is of course the possibility that the Sibor rate may go up. And it may shoot up dramatically. Just 3 years...

We conducted a poll on how much Salary.sg readers save. The results of the poll show that the average saving rate of our readers is 33.1%. The average Salary.sg saves about one-third of his/her monthly salary. The poll attracted more than 700...

At first glance, the Supplementary Retirement Scheme (SRS) appears to be a very good deal. But after a simple analysis, we will know why it is not the case. As illustrated in today’s Sunday Times (see similar example in Finatiq), a contribution of...

About 41% of Salary.sg readers make more than $100k per annum. This is according to our poll which garnered more than 800 responses. Out of this group of high earners, about two-thirds work in multinationals (or MNCs). As for those who work in...

Some people save a fixed amount of their monthly income and spend the rest. Others like myself spend prudently and save the rest. Regardless of whether you’re a spend-the-rest or save-the-rest saver, you should be able to gauge roughly how much you...