Unlock Massive Savings! How the ENTERTAINER App Can Cut Your Daily Lifestyle Expenses in Half

Posted on by
Reply

As many of you may know, I’ve been using the ENTERTAINER app for a while now, because I love finding ways to save on everyday activities! Although I’ve mainly been using the app for restaurants, the ENTERTAINER is crammed full of merchants that you can try, all the way from salons to days out and even gyms and fitness locations!

In today’s article, I really want to share how you can use the ENTERTAINER as a tool to make huge savings, regardless of your lifestyle or interests. It saves you from downloading various apps for different discounts and scouring the Internet! I thought I’d mention a few of the outlets that I enjoy, some new places you can try, and the kinds of discounts, that you’ll be looking at saving!

Food

I thought I’d start off with food, as it’s the main reason many purchased the ENTERTAINER app, and the platform is chock-a-block, full of restaurants, casual dining, cafés, and even food outlets that you can try. 

I’m quite often in the CBD, whether that’s throughout the day at the office or after work, meeting friends or clients for drinks or dinner. So, a great option for me is Santi’s Pizza in Telok Ayer. This restaurant specialises in alfresco cuisine, especially pizzas, and pastas! My friend and I went here for dinner, and on the ENTERTAINER app, you can get one for one pizza or pasta, which was absolutely delicious! The saving came to just over $20.

If you’re looking for a deal that really has that wow factor, I would recommend Panmericana. This restaurant, located in Sentosa, is perfect if you’re looking for somewhere with a fantastic view, and you want to treat yourself a little bit! What I love about this deal with the app is that you’re basically getting a steak for free; either a rump cap, or a ribeye when you purchase one, with a saving of about $68! I think, considering the location and the quality of the food, that’s an absolute steal!

I also think it would be great to highlight that the ENTERTAINER is not only 1-for-1 deals on food, but also on drinks. For example, I quite often go to Ice Cold Beer on Emerald Hill; a lot of my teammates from the dragon boating community like to hang out there because it’s a chill and fun vibe. Using the ENTERTAINER app, you can get one for one on house bottles of wine, which brings your approximate savings to $70. There are tons of bars and hang out spots available on the app, so check it out and have a look around because I’m sure there is something that you’ll like.

Beauty

The ENTERTAINER has an increasing number of beauty salons for facials, spas and manicures. For example, Paint Shoppe in the east is great because you can get an express gel manicure and get one free, with a saving of $48. What I like about these kinds of sessions is you can either go with a friend, so that means either treating them, or going halves on the cost of one manicure, or saving it for yourself for next time. I think that’s a great perk that the ENTERTAINER app offers, because if you do want to enjoy multiple treatments for yourself, you can do.

Fitness

As some of you may know, I’ve been on a bit of a health kick over the past year or so and having access to various gyms and classes across the city makes that all the more easy for me. I love variety in my workouts, and I also love working out with a friend. That’s why I think being able to use the ENTERTAINER in this way motivates me, even more in my fitness journey, with the added benefit of saving money. 

Me personally, I love a spin class, so I would highly recommend R1OT or Ground Zero, as you can get buy one get one free on spin classes, for saving of about $45. That means, you can either go with a friend, and pay $22.50 each, which is an absolute steal for a spin class, or you can utilise it goes for yourself over two sessions.  If you’re not interested, there are tons of other options on the app such as yoga and Pilates.

There’s a few more sections on the app that I can’t wait to try, such as fun activities and I noticed that they are even offering savings on hotel stays. Another great thing that you can do as well as sharing deals, is sharing access to the app itself, with being able to add up to 3 members on your app.

The ENTERTAINER is a great way that you, your family and friends and make huge savings to your lifestyle, whether you prefer going out for a working lunch, a coffee, catch up, a date night, but also, if you’re into getting your nails done, treating yourself to a massage, or trying a new gym class.

The ENTERTAINER has been kind enough to offer me a promo code for everyone reading this post, listening to my podcast episodes and viewing my social media content. Use the promo code DANNI20 to save $20 on purchasing membership. You just need to add this promo code at checkout.

Checkout [theentertainerme.com]

Happy exploring and saving using the ENTERTAINER app! 

Dealing with Financial Challenges During Unexpected Life Events

Posted on by
Reply

Whether it’s losing a job, facing health issues, or managing family emergencies abroad, these situations can be overwhelming—especially when you’re far from home. But don’t worry, today we’ll explore practical strategies to help you stay afloat financially during tough times, right here in Singapore.

Recognising the Reality

Living abroad offers incredible experiences, but it also comes with uncertainties. Unexpected events—like job loss, health crises, or family emergencies—can hit hard financially. The key is to prepare and respond calmly. Remember, you’re not alone, and there are steps you can take to navigate these challenges effectively.

Immediate Steps to Take

First, when faced with an unexpected crisis, prioritise understanding your situation:

  • Assess your finances: Know your current savings, income, and expenses.
  • Identify immediate needs: Medical bills, rent, groceries.
  • Stay calm: Panic can lead to poor decisions.

Next, act swiftly:

  • Contact your employer or HR department if you’re jobless—sometimes there are severance packages or support schemes.
  • Seek medical assistance by understanding your insurance coverage. If this was through work, maybe now is the time to look at purchasing private insurance.
  • Notify your family or emergency contacts—they can provide emotional support and guidance.

Financial Safety Nets & Support in Singapore

Personal Savings: Ideally, aim to have at least 3-6 months’ worth of living expenses saved. This buffer is invaluable during unexpected events.

As there are very few schemes & assistance available to expats in Singapore, self-reliance and personal financial planning is incredibly important.

Managing Job Loss or Income Disruption

Losing a job in Singapore—especially as an expat—can be daunting. Here’s what you can do:

  • Review your employment contract and understand your rights—such as the notice period and severance pay.
  • Leverage your network: Reach out to contacts or recruiters; Singapore has a vibrant job market.
  • Update your resume and online profiles like LinkedIn.
  • Consider part-time or freelance work if feasible. Usually, this is only for those on a DP with LOC/ LTVP+, or someone who can spend the time setting up their own company in Singapore.
  • Explore retraining opportunities: You can explore courses through various platforms, such as LinkedIn, which can help you upgrade your skills during this period.

Dealing with Health Issues

Health crises can be costly and stressful:

  • Use your health insurance efficiently: Know what’s covered.
  • Seek assistance from clinics and hospitals: Singapore has excellent healthcare, but costs can add up.
  • Access community resources: Support groups or expat communities often share helpful advice.
  • Maintain a healthy lifestyle: Preventative care reduces long-term costs.

Handling Family Emergencies Abroad

Family emergencies—whether in your home country or elsewhere—can be emotionally taxing. To handle financially:

  • Coordinate with family members for support or to share costs.
  • Use remittance services wisely: Platforms like TransferWise, OFX or local banks facilitate quick, low-cost transfers.
  • Check your insurance coverage for family emergencies—some plans include repatriation or emergency medical coverage.

Long-Term Planning & Resilience

While these are immediate steps, long-term resilience is key:

  • Build an emergency fund consistently.
  • Diversify income sources: with things like rental income & investments.
  • Regularly review your financial plan—adjust as your situation changes.
  • Stay informed: Follow local news, government advisories, and community updates.

Remember, unexpected life events are challenging, but with preparation and the right approach, you can navigate them more smoothly. In Singapore, a robust safety net, combined with proactive planning, can help you weather any storm.

If you’re facing a crisis, don’t hesitate to seek help—whether from your employer, community organisations, or financial advisors. You’re not alone in this journey.

Saving for Big Goals: Housing, Travel, and Retirement

Posted on by
Reply

The Singaporean Financial Landscape

Singapore is known for its strong economy, high living standards, and, of course, its high property prices. While this presents opportunities, it also means planning is essential. The cost of housing can be a significant hurdle, and with the high cost of living, saving for travel and retirement requires smart strategies.

But don’t worry—by understanding your financial landscape and setting clear goals, you can make steady progress. Let’s look at some strategies tailored for those living in Singapore.

Saving for Housing

First up, housing—probably the biggest financial goal for many. First, define your property goals—are you looking for a holiday home, an investment property, or a future residence? Once clear, establish your budget, considering factors like property prices, taxes, and ongoing costs in your target country. Since Singapore offers a stable financial environment, many expats set up dedicated savings accounts or investments specifically for property purchases abroad. Automating monthly transfers helps in disciplined saving, and some opt for foreign currency accounts to hedge against currency fluctuations.

Buying property overseas involves currency considerations. Expats should monitor exchange rates and consider options like forward contracts or currency hedging to lock in favorable rates, minimising risks associated with currency fluctuations.

Thorough research is vital. Understand the legal requirements, taxes, and restrictions for foreign buyers in your target country. Don’t forget to save for additional costs such as stamp duties, legal fees, and ongoing maintenance. Also, explore financing options—some countries offer mortgage options to foreign buyers, but terms vary.

Saving for Travel

Travel is a wonderful way to experience the world, and us who live in Singapore love exploring nearby countries. To fund travel adventures, here are some tips:

1. Set a dedicated travel fund:
Open a separate savings account for travel. Automate monthly transfers as soon as you receive your income.

2. Use the 50/30/20 rule:
Allocate 50% of your income to essentials, 30% to lifestyle and leisure—including travel—and 20% to savings and investments.

3. Find ways to cut costs:
Look out for travel deals, off-peak discounts, and credit card rewards. Use cashback and points to offset expenses. I recently have been using the ENTERTAINER app, which is great for savings!

4. Save consistently:
Even small amounts add up over time. The key is consistency—make saving for travel a non-negotiable monthly habit.

5. Plan ahead:
Book flights and accommodations early to benefit from lower prices. Having a clear plan helps you prioritise savings.

Saving for Retirement

Retirement might seem far off, but the earlier you start saving, the better. Those in Singapore have several options:

Maximising CPF contributions: Those that have gained PR or even Citizenship can contribute to CPF. Your CPF Special Account offers higher interest rates—up to 5%—and is ideal for retirement savings. 

Supplement with voluntary contributions: Open a Supplementary Retirement Scheme (SRS) accounts for additional tax benefits and investment options.

Invest for growth: Don’t rely on government schemes for retirement funds; grow your retirement nest egg through personal investments.

Set clear retirement goals: Estimate how much you need, considering inflation and lifestyle expectations. I do a very detailed plan based on current lifestyle assumptions for my clients and factoring in inflation.

Review and adjust: Regularly review your retirement plan and adjust contributions as your income grows or circumstances change.

Integrating Your Savings Strategy

All these goals require a coordinated approach. Here are some tips to keep everything on track:

  • Create a comprehensive financial plan: Define your priorities, timelines, and target amounts for each goal.
  • Automate your savings: Set up automatic transfers to different accounts to avoid temptation.
  • Monitor progress regularly: Use apps or spreadsheets to track your savings and adjust as needed.
  • Stay disciplined: Avoid lifestyle inflation—just because your income increases doesn’t mean your savings should decrease.
  • Seek professional advice: Consider consulting a financial planner familiar with Singapore’s landscape for personalised strategies.

Living in Singapore offers many opportunities but also presents unique challenges for saving for big goals. With clear planning, disciplined savings, and leveraging available tools like CPF and investment schemes, you can turn your dreams—whether it’s owning a home, traveling the world, or retiring comfortably—into achievable milestones.

Financial Goals & Planning: Setting Yourself Up for Success

Posted on by
Reply

Whether you’re just starting out or looking to refine your financial strategy, understanding how to set clear goals, create an actionable plan, and track your progress is key to achieving financial security and freedom.

Why Setting Financial Goals Matters

First, why is setting financial goals so important? Think of your goals as a roadmap—they give your money purpose and direction. Without clear goals, it’s easy to feel overwhelmed or lose focus.

Research shows that people who set specific, measurable financial goals are more likely to succeed. Whether it’s saving for a down payment, paying off debt, or building an emergency fund, goals turn abstract desires into concrete plans.

Tip: Start with SMART goals—Specific, Measurable, Achievable, Relevant, and Time-bound.

How to Set Effective Financial Goals

Let’s walk through how to set effective goals.

  1. Identify your priorities:
    What’s most important to you? Is it buying a house, retiring comfortably, or paying off student loans?
  2. Define clear objectives:
    For example, “Save $40,000 for a house deposit in 2 years,” instead of simply “save more money.”
  3. Break down big goals:
    Big goals can feel daunting. Break them into smaller milestones. For instance, saving $417 a month over 24 months.
  4. Write them down:
    Document your goals—this increases accountability.
  5. Visualise success:
    Create a vision board or a financial journal to keep motivated.

Creating a Financial Plan

Once your goals are set, it’s time to develop a plan. Here’s a simple framework:

  1. Assess your current financial situation:
    List your income, expenses, debts, and savings.
  2. Create a budget:
    Track your spending for a month. Identify areas to cut back.
  3. Build an emergency fund:
    Aim for 3-6 months’ worth of expenses. This acts as your financial safety net.
  4. Allocate resources:
    Based on your goals, decide how much to save or pay towards debt each month.
  5. Automate your savings:
    Set up automatic transfers to your savings accounts. This reduces temptation to spend.
  6. Review and adjust:
    Your plan isn’t static. Life changes, and so should your plan.

Tracking Your Progress

Tracking progress keeps you motivated and on course.

Tools you can use:

  • Budgeting apps like Mint, or PocketGuard
  • Spreadsheets
  • Financial journals

Tips for effective tracking:

  • Review your progress monthly.
  • Celebrate small wins.
  • Adjust your plan if needed. Maybe you can increase savings or need to extend your timeline.

Remember: Consistency beats perfection. Even small, regular contributions add up over time.

To wrap up, setting clear financial goals, creating an actionable plan, and tracking your progress are the pillars of financial success. It’s about making intentional choices today that lead to your desired future.

Start small, stay consistent, and remember—your financial journey is uniquely yours.

Finance Tips For Brits – From the UK To SG

Posted on by
Reply

In this article, I’d like to look into essential financial tips for Brits who have moved to Singapore or those with British assets. Whether you’re settling into the Lion City or just planning your financial moves, this article will help you navigate your finances smoothly.

Preparing Your Finances When Leaving the UK

If you’re leaving the UK, it’s crucial to manage your UK finances properly. Here’s what you should consider:

– Voluntary National Insurance Contributions (NICs):

 If you want to maintain your UK state pension or other benefits, think about making voluntary NICs. Check your National Insurance record and see if topping it up makes sense for your future pension entitlement.

-UK Pensions

Generally you are able to continue to make contributions to your UK pension scheme for the first five years while you are living overseas. Those contributions to your UK pension scheme can still qualify for tax relief; it is worth speaking to a wealth manager to understand the pro’s and con’s of continuing to make contributions to your UK pension scheme after you have left the UK.

– Closing UK Bank Accounts & Assets:

 Decide what to do with your UK bank accounts, investments, or property. Sometimes, it’s best to keep certain accounts open if they serve your needs, but be aware of any fees or restrictions. It is worth noting that, if you become non resident, you will no longer be able to make contributions to ISA’s (Individual Savings Accounts). However, unlike other ISA’s, if a Junior ISA is opened while the child is UK resident then your child can continue to make contributions to their Junior ISA even if they have become non resident.

– Tax Implications:

Selling property or assets in the UK may trigger capital gains tax or other liabilities. Consult a tax professional to understand your obligations and any reliefs available.

  • Understand whether or not you will you become non UK tax resident. There are lots of different moving parts to that but major considerations for becoming non resident to discuss with a tax adviser are:
  • Understanding the date you may become non UK tax resident.
  • What that non UK tax residence status will mean for you.
  • What sources of income and gains will continue to be subject to UK tax as a non UK tax resident?
  • How much time can you spend in the UK and still remain a non UK tax resident?
  • What other conditions you need to meet in order to become non resident and maintain a non resident status?
  • How do you tell HM Revenue that you have left the UK?

If you remain non UK resident for more than five years that will then restrict your liability to UK capital gains tax to gains on UK land and property only. But, if you are non resident for five years or less you may remain chargeable to UK capital gains tax on gains arising on all of your worldwide assets. If you remain non UK resident for more than 10 years this could reduce your exposure to UK Inheritance tax; and in addition – give you access to the favourable foreign income and gains regime when you return which will then give you the opportunity to mitigate UK tax on foreign income and gains for the first four years.

Be aware of any tax implications and reporting requirements for your sources of income and gains in the country you become resident in.

UK Property and Taxes

If you sell a UK property, here are a few tax points to keep in mind:

– Capital Gains Tax (CGT):

 If the property isn’t your primary residence, or hasn’t been lived in as your primary residence for all of the time you have owned it, you might be liable for CGT. There are allowances and reliefs, so plan accordingly.

– Residency and Tax Status:

 Your tax liability depends on your residency status. Moving to Singapore may impact your UK tax obligations, especially if you’re no longer a UK resident.

– Reporting & Compliance:

  • Make sure to report the sale correctly and consider any double taxation treaties between the UK and Singapore to avoid being taxed twice.
  • If you let out your UK property while living overseas any profit could be subject to UK income tax. Even if there is no taxable profit the income and expenses will need to be reported to HM Revenue on a UK tax return.
  • An agent or tenant will need to withhold 20% UK income tax on payments made to a non resident landlord even if that tax is not due unless the non resident landlord has signed up to HM Revenue’s Non Resident Landlord scheme.
  • If you are thinking of purchasing a UK property as a non resident remember that non residents will face higher stamp duty charges for their purchase. If the property is going to be let out consider strategies to reduce the UK income tax payable on the profits arising.

Moving GBP to Singapore

Next, transferring your GBP into Singapore Dollars (SGD). I personally use OFX — it’s a cost-effective way to move money internationally with better rates than your bank.

  • Why OFX 

  No transfer fees, competitive exchange rates, and easy online management. Plus, it allows you to set up regular transfers if needed.

  • Tips:

  Shop around for the best rates, consider timing your transfers during favorable FX movements, and always double-check the transfer limits and compliance.

Investment Opportunities in Singapore

Now, let’s talk about investing in Singapore for growth and tax efficiency:

– Local Investment Options:

 Singapore offers a range of investment accounts, such as various apps accounts for stocks, ETFs, and bonds. The city-state is a financial hub, giving access to global markets.

– Offshore Accounts & Funds: 

Offshore investment accounts can offer tax benefits and diversification. Consider jurisdictions like the Isle of Man, Ireland or Guernsey, but always consult a tax professional.

– Tax Benefits & Incentives:

Singapore has no capital gains tax or dividend tax, making it attractive for investors. Certain investment funds or structures may offer additional tax efficiencies. Selling a UK property and investing the proceeds in an offshore investment account can offer several benefits, including potential tax advantages, increased diversification, and access to a broader range of investment opportunities. Offshore accounts often provide greater flexibility in currency management and can help optimise tax planning strategies. Additionally, this approach may enhance asset protection and enable investors to access international markets more easily, thereby potentially increasing overall returns and financial growth.

– Retirement & Pension Products: 

Explore Supplementary Retirement Schemes (SRS) or private pension plans that offer tax advantages.

Maximising Your British Assets & Finances

Finally, here are some tips to help Brits maximise their financial position in Singapore:

  • Double Taxation Treaties: 

Take advantage of treaties between the UK and Singapore to avoid double taxation on income or gains.

  • Estate Planning:

  Update your will to reflect your new residency and consider inheritance tax in the UK that you may be exposed to.

  • Currency Diversification:

 Keep some assets in GBP if needed, but also diversify into SGD to hedge against currency risk.

  • Other Tax Pointers
  • Make sure you know how much time you can spend in the UK each year without becoming UK resident; the longer you remain non resident the less exposed your income and gains will be to the confiscatory and complicated UK tax system.
  • Ensure you have considered how you can be tax efficient with your investments when you return to live in the UK; you may be able to invest as a non resident in ways that will reduce how much tax you pay when you do return to live in the UK.
  • It is worth speaking to a specialist tax adviser well before you plan to move to the UK to consider what actions you can take as a non resident to reduce your future UK income tax, capital gains tax and inheritance tax liabilities.
  • Professional Advice:

Engage with financial advisors familiar with cross-border issues to optimise your tax planning and investments.

That wraps up my guide on managing your finances as a Brit in Singapore. Remember, proactive planning is key to maximising your assets and minimising taxes. If you have questions or want personalised advice, reach out to a professional.

Navigating Money Matters in Singapore as a Couple from Different Countries

Posted on by
Reply

Today we’re diving into a topic that’s incredibly relevant for many couples living in Singapore—especially those from different countries and cultural backgrounds.

Whether you’re an Asian-European couple, or from any diverse mix, moving to Singapore brings exciting opportunities but also unique financial challenges. So, let’s explore how you can effectively plan your finances—covering tax, property, wills, and estate planning—to ensure a smooth future together.

Understanding the Financial Landscape for International Couples in Singapore


Singapore is a vibrant financial hub, offering many benefits for expats, but navigating its financial landscape can be complex—particularly when your backgrounds and financial obligations differ.

You might be dealing with different tax systems, property laws, and inheritance rules. The key is understanding these differences early so you can make informed decisions.

Tax Planning for Couples from Different Countries


First, let’s talk about taxes. Singapore has a territorial tax system, which means only income earned within Singapore or remitted here is taxed. But, if one partner maintains financial ties to their home country, things can get complicated.

Questions to consider:

  • Are you both tax residents in Singapore?
  • Does your home country tax you on worldwide income?
  • Are there tax treaties between Singapore and your countries of origin?

Advice:
Consult a tax professional familiar with multiple jurisdictions to optimise your tax position. They can advise on issues like double taxation, tax reliefs, and reporting obligations. Remember, what applies to one partner might not apply to the other, so joint planning is essential.

Property Ownership and Housing

Next up is property. Singapore is known for its property market—both opportunities and restrictions.

Couples from different countries might face questions like:

  • Can both partners own property jointly?
  • Are there restrictions on foreign ownership?
  • How does property ownership affect your taxes and future estate plans?

Tip:
Be aware of the various property types—HDB flats, condominiums, landed property—and their eligibility criteria. Also, consider the implications of property ownership on your immigration status and estate planning.

Wills and Estate Planning

Now, perhaps the most critical area—wills and estate planning. This is especially vital for international couples because inheritance laws vary significantly between countries.

In Singapore, if you’re a foreigner, your assets outside Singapore might not automatically be covered by your will here. Conversely, your home country’s laws might differ from Singapore’s.

Action points:

  • Draft a will specific to Singapore to cover your assets here.
  • Consider cross-border estate planning to coordinate assets in both countries.
  • Consult legal experts familiar with international estate law to ensure your wishes are honored across jurisdictions.

Remember: Proper estate planning ensures your assets go to your intended beneficiaries, minimising disputes and legal hurdles later.

Practical Tips for Expat Couples


Here are some quick tips to help you navigate these challenges:

  • Get professional advice: Engage financial planners, tax advisors, and lawyers experienced with international couples.
  • Coordinate your plans: Ensure your financial, tax, and estate plans are aligned with both your home countries and Singapore.
  • Keep documentation organised: Maintain clear records of your assets, wills, and legal documents in both countries.
  • Stay updated: Laws change, so review your plans regularly.

Living in Singapore as a couple from different countries is an exciting adventure—full of opportunities, but also complexities. With proactive planning around tax, property, and estate matters, you can enjoy peace of mind knowing your financial future is secure.

Until next time, take control of your finances and make your expat journey a success!

Maximising Savings with the ENTERTAINER App: A Week of Delicious Deals in Singapore

Posted on by
Reply

As a finance and lifestyle blogger here in Singapore, I’m always on the lookout for ways to enjoy the city’s best offerings without breaking the bank. One tool that has truly transformed my dining and entertainment experiences is the ENTERTAINER app. With its extensive range of 1-for-1 deals and discounts across restaurants, cafes, and lifestyle venues, it’s a game-changer for savvy savers like me.

What is the ENTERTAINER App?
The ENTERTAINER app is a digital membership that offers exclusive 1-for-1 deals and discounts at numerous merchants in Singapore. It’s incredibly user-friendly—simply browse the deals, search by location or category, and redeem instantly. One of my favourite features is the map search function, which helps me find nearby deals effortlessly—perfect for spontaneous outings or planned dinners. You can check out their website here: https://www.theentertainerme.com/ where you can see all the great merchants they work with! Recently, the price has been reduced: It’s only $72. So essentially you could save double what I “paid” for it!

Deals Available & What I Love About the App
From local hawker-style eateries to fine dining restaurants, the app covers a wide spectrum. I love how the app not only provides great discounts but also allows me to try new places I might not have considered before. Plus, most merchants are familiar with how to use the app, making redemption seamless.

A Week of Savings in Singapore
Here’s a quick rundown of my experience this week using the ENTERTAINER app:

Monday:

  • Poke Theory at Raffles Place
    BYO Pokebowl (Tuna, Chicken, Tempeh) at SGD 17.50 each. I shared this with a colleague, so we split the cost—saving half.

Tuesday:

  • Poke Theory again
    This time, with a drink included, the bowl still at SGD 17.50, plus an additional deal for 1-for-1 mains at Sichuan Alley, Telok Ayer. My friend and I enjoyed home-style mashed pea noodles and braised pork rib noodles. The total bill was SGD 28, but with the deal, I got the cheaper dish free—saving SGD 13.80. I also noticed Sichuan Alley offers cocktail deals through the app, which I’m eager to try next!

Wednesday:

  • Dinner at Harry’s, Boat Quay
    A 1-for-1 mains deal meant I enjoyed a delicious salmon dish while my client had chicken. Total savings: SGD 21.83.

Thursday:

  • Back to Poke Theory
    This time, I added a snack pack of almonds (my colleague got cashews). Over three visits, I saved a total of SGD 57.13—amazing value for consistent dining!

Friday:

  • Quentin’s The Eurasian Restaurant, Ceylon Road
    My husband and I tried this place on a whim as it was a different cuisine that we both hadn’t had in a long time. We ordered several dishes—prawn curry, fish bostador, and a meaty cutlet—some under the 1-for-1 mains deal. Our total savings: SGD 28.02. The food was fantastic, and I didn’t expect such a feast!

Sunday:

  • Stirling Steaks, East Coast Road
    I am normally not in the mood for ‘western food’, but my husband & I decided that we will go on the hunt for a really good steak! Both of us enjoyed perfectly cooked sirloin steaks with fries and a garden salad. Total savings here: SGD 21.83. The steak was so good—I can’t wait to go back! I also noticed that they do a steak buffet & have a speakeasy upstairs, so that would be cool to try.

Total Savings for the Week: SGD 148.46

Why I Recommend the ENTERTAINER App
This week’s experience highlights how easy and rewarding using the ENTERTAINER app can be. It complements my previous posts about saving money in Singapore, proving that with a little planning, you can enjoy a variety of amazing places while keeping your budget in check. The app’s user-friendly interface and the familiarity of merchants with how to use it mean redemption is quick and hassle-free.

Whether you’re a foodie, a coffee lover, or someone who enjoys exploring new entertainment venues, the ENTERTAINER app makes it simple to try new places and save big. It’s a fantastic way to make the most of Singapore’s vibrant dining scene without overspending.

I haven’t even explored the other options available on the app, like massages, treatments and manicures. As a foodie, I’ve mainly been focusing on the restaurant deals, but for experiences & treatments, this app is great too!

Final Thoughts
If you’re looking to stretch your dollar and enjoy Singapore’s best offerings, I highly recommend giving the ENTERTAINER app a try. My week of savings shows just how much you can enjoy—SGD 148.46 saved in just seven days! Whether for casual meals, special date nights, or catching up with friends, this app is a must-have for any budget-conscious person in Singapore.

Happy saving and dining!

(Don’t forget: You can check out their website here: https://www.theentertainerme.com/ where you can see all the great merchants they work with! Recently, the price has been reduced: It’s only $72. So essentially you could save double what I “paid” for it!)

And I’m very excited to announce that I have a discount code – DANNI20 – for $20 off for my readers! You just need to add this promo code at checkout.

Checkout [theentertainerme.com]

Top 7 Financial Lessons For Successful Expats in Singapore

Posted on by
Reply

Today I’m celebrating a big milestone for me – recording & releasing 70 episodes of my podcast! It’s been an incredible ride—covering everything from investing tips to budgeting hacks, lifestyle adjustments, and breaking taboos around talking about money. I’ve loved hearing your stories, answering your questions, and seeing so many of you take confident steps towards financial independence. To celebrate this milestone, here are my top 7 lessons I’ve learned from working with amazing expats:

1. Start with Budgeting: Know Your Cash Flow


– Why it matters: As an expat, your income and expenses may fluctuate due to currency differences, lifestyle choices, or unexpected costs. Budgeting helps you understand where your money goes and ensures you’re living within your means.


– Practical tip:Use apps like Spendee to track your expenses in SGD and foreign currencies. Set a monthly budget for essentials, savings, and fun.


– Benefit: Clear cash flow management reduces financial stress and helps you plan for big expenses like housing, travel, or investing.


2. Invest Early and Often: Harness the Power of Time


– Why it matters: The earlier you start investing, the more you benefit from compound interest. Even small regular contributions can grow significantly over time.


– Practical tip: Consider opening an SRS (Supplementary Retirement Scheme) account or investing through ETFs, or local brokers. Set up automatic contributions to stay consistent.


– Benefit: Building wealth steadily without feeling overwhelmed, even if you start with modest amounts.



3. Maximise Your Investing Environment & Benefits: Leverage Singapore’s Unique Landscape


– Why it matters: Singapore offers attractive investments, which grow tax-free and can provide a safety net for retirement. These can also be portable and move with you when you repatriate.


– Practical tip: Contribute regularly to these accounts and optimise your contributions based on your goals.


– Benefit: Long-term growth of your retirement funds with flexibility & control.



4. Break the Taboo: Talk Openly About Money


– Why it matters: Many cultures consider discussing money taboo, but open conversations lead to better financial decisions and support.


– Practical tip: Join expat or women’s financial groups, attend workshops, or have honest chats with friends or mentors about money management.


– Benefit: Increased confidence, shared knowledge, and collective empowerment to make smarter choices.


5. Diversify Your Portfolio: Don’t Put All Eggs in One Basket


– Why it matters: Relying on a single investment or income source can be risky, especially in a foreign country with currency or market fluctuations.


– Practical tip: Spread investments across stocks, bonds, and international funds. Always consider your risk tolerance & investment horizon.


– Benefit: Reduced risk and more stable growth, protecting you from market dips or currency shifts.



6. Prioritise Lifestyle & Financial Balance: Enjoy Life Responsibly


– Why it matters: Living abroad offers unique experiences, but overspending can jeopardise your financial goals.


– Practical tip: Allocate a fun budget, explore affordable local activities, and avoid impulse spending. Use cashback and discounts for expat-friendly services.


– Benefit: A fulfilling life without sacrificing your financial future, creating sustainable habits.



7. Build a Support Network: Connect with Others


– Why it matters: Sharing experiences, challenges, and successes helps you stay motivated and informed.


– Practical tip: Join expat communities, women’s finance groups, or online forums. Attend local events, webinars, or workshops.


– Benefit: Access to advice, encouragement, and opportunities that you might not find alone—plus, it makes your financial journey more enjoyable.

Thank you for being part of this amazing community. Here’s to many more episodes of learning, growing, and thriving financially—together. I invite you to visit DanielleTeboul.com for exclusive resources, and follow me on socials @expatfinances for daily tips and inspiration. And if you’ve enjoyed this journey, please leave a review or share this episode with your friends—your support means the world!

Cost of Living Comparison: Singapore vs. Other Expat Hotspots

Posted on by
Reply

As an expat in Singapore, it’s natural to compare the cost of living here with other popular expatriate destinations. Singapore is often lauded for its high standard of living, safety, and excellent infrastructure, but it also comes with a hefty price tag. In this article, we will analyse how Singapore’s expenses stack up against other expat hotspots like Hong Kong, Dubai, Sydney, Bali, and London. *** The Aussie dollar fluctuates constantly in comparison to SGD, so a lot of these conversions are general from AUD to SGD. When I moved to Singapore, it was one for one, but as of today, SGD 1 is equivalent to AUD 1.20.

1. Housing Costs

Singapore: Housing can be one of the most significant expenses for expats. Depending on the location and type of accommodation, monthly rents for a two-bedroom apartment can range from SGD 2,500 (although I’m seeing less on this price range) to SGD 5,000 in popular districts.

Hong Kong: Often regarded as one of the most expensive cities globally, housing in Hong Kong can be even pricier than in Singapore. A similar two-bedroom apartment in central areas can cost upwards of HKD 30,000 (approximately SGD 5,200).

Dubai: In contrast, Dubai offers more affordable housing options. A two-bedroom apartment in a desirable area may range from AED 7,000 to AED 12,000 (approx. SGD 2,400 to SGD 4,200).

Sydney: The rental market in Sydney is competitive, with costs ranging from AUD 2,500 to AUD 4,000 (approx. SGD 2,400 to SGD 4,800) for a two-bedroom apartment in the city centre.

Bali: Bali stands out as a budget-friendly option. A two-bedroom villa can be rented for as low as IDR 6,000,000 to IDR 12,000,000 (approx. SGD 570 to SGD 1,140), making it an attractive option for expats seeking affordability.

London: Housing in London can be steep, particularly in central areas where a two-bedroom apartment can range from GBP 2,500 to GBP 4,000 (approx. SGD 4,500 to SGD 7,200).

2. Transportation

Singapore: The public transport system in Singapore is efficient and affordable. A monthly use of public transport costs around SGD 120, while taxis and rideshare services are readily available.

Hong Kong: Similar to Singapore, Hong Kong has an excellent public transport system. A monthly pass costs around HKD 600 (approx. SGD 102), making it comparably priced.

Dubai: Public transport options in Dubai are limited compared to Singapore and Hong Kong, but the metro system is expanding. A monthly pass costs AED 300 (approx. SGD 110).

Sydney: Sydney’s public transport system can be expensive, with monthly costs around AUD 200 (approx. SGD 200).

Bali: Transportation in Bali is typically by scooter or car rental, with costs being relatively low. A scooter rental can average around IDR 1,000,000 (approx. SGD 95) per month.

London: The cost of public transport in London can be higher, with a monthly pass costing around GBP 150 (approx. SGD 270).

3. Groceries and Dining Out

Singapore: Grocery prices in Singapore can be higher than in many countries, with a monthly grocery bill averaging around SGD 400 to SGD 600. Dining out ranges from SGD 5 for a local meal (in local hawker centres) to SGD 100 or more for nicer restaurants or fine dining, and in the SGD 200 and above price point for buffets.

Hong Kong: Groceries can be slightly more expensive than in Singapore, averaging around HKD 3,000 (approx. SGD 510) per month. Eating out can also be pricey, with meals ranging from HKD 50 to HKD 1,000 (approx. SGD 8.50 to SGD 170).

Dubai: Grocery prices are relatively affordable, averaging around AED 800 (approx. SGD 300) per month. Dining out can vary widely, with local meals costing AED 30 (approx. SGD 11) and upscale dining ranging much higher.

Sydney: Groceries in Sydney can be similar to Singapore, costing around AUD 600 (approx. SGD 600) monthly. Dining out can be pricey, with local meals averaging AUD 25 (approx. SGD 25).

Bali: Grocery costs are significantly lower, averaging around IDR 2,000,000 (approx. SGD 190) per month. Dining out is also economical, with local meals often costing less than SGD 5.

London: Grocery prices in London can be high, with average monthly costs of GBP 300 (approx. SGD 540). Restaurant meals can range from GBP 10 to GBP 100 (approx. SGD 18 to SGD 180).

4. Healthcare

Singapore: Healthcare in Singapore is of high quality, but costs can add up. A typical health insurance plan for expats can be around SGD 3,000 to SGD 6,000 per year.

Hong Kong: Healthcare costs are comparable, with expats typically spending around HKD 30,000 (approx. SGD 5,100) annually for health insurance.

Dubai: Healthcare costs are generally lower, with health insurance averaging around AED 8,000 (approx. SGD 3,000) annually.

Sydney: Healthcare can be more expensive, with health insurance plans costing around AUD 2,000 to AUD 3,000 (approx. SGD 2,000 to SGD 3,600) yearly.

Bali: Healthcare is affordable, but quality can vary. Expat health insurance plans may range from IDR 2,000,000 to IDR 5,000,000 (approx. SGD 190 to SGD 480) annually.

London: Healthcare is often covered by the NHS for residents, but private health insurance can range from GBP 1,000 to GBP 2,000 (approx. SGD 1,800 to SGD 3,600) annually.

In conclusion, while Singapore is one of the more expensive cities for expats, it offers a unique blend of quality of life, safety, and cultural diversity. Housing costs are a significant factor, especially when compared to cities like Dubai and Bali, which offer more affordable options. Transportation and healthcare costs are relatively competitive, but groceries and dining out can add to your monthly budget.

Ultimately, the best choice for an expat depends on personal priorities, lifestyle, and financial situation. Each city has its own unique advantages, and understanding the cost of living in relation to those factors is crucial for making an informed decision.

Financial Implications of Moving Back Home: What Expats in Singapore Should Consider

Posted on by
Reply

Relocating back to your home country can be an exciting yet daunting prospect, especially for expats living in Singapore. Beyond the emotional aspects, it’s crucial to understand the financial implications of your move. Here’s a comprehensive guide on what to consider when planning your return, focusing on key jurisdictions like the UK, Australia, France, Germany, other parts of the EU, Southeast Asia, and India.

1. Cost of Living Adjustments

One of the first financial aspects to evaluate is the cost of living in your home country compared to Singapore. Cities like London or Sydney might have similar living costs, but factors such as housing, transportation, and utilities can vary significantly. Research the current costs in your destination to create an accurate budget.

2. Currency Exchange and Transfer Costs

Handling your finances while moving back home involves currency exchange and transfer fees. The Singapore dollar will need to be exchanged for your home currency, and fluctuating exchange rates can impact how much money you ultimately receive. Consider using money transfer services that offer competitive rates and lower fees to maximise your funds. I’ve mentioned before that I’ve used companies like OFX to handle my currency exchange, to ensure the best rates.

3. Tax Obligations

Understanding your tax obligations is crucial before returning home. Each country has different rules regarding tax residency and obligations for returning expats. For instance:

  • UK: You may be subject to tax on your worldwide income if you return and remain a tax resident.
  • Australia: Similar rules apply; if you become a resident again, you’ll be taxed on your global income.
  • France and Germany: Both countries have strict residency rules, and you may need to pay taxes on your global income.
  • Other EU countries: Tax residency rules can vary widely; it’s essential to consult with a tax advisor familiar with cross-border taxation.
  • Southeast Asia and India: Tax implications can also differ significantly in these regions. For example, India taxes global income if you meet specific residency criteria.

Tax is a huge part of financial planning; we are very lucky whilst living and working in Singapore, as taxes are low & there is no Capital Gains Tax on investments. However, that won’t always be the case upon repatriation, which is why tax planning is so important.

4. Pension Considerations

If you have been contributing to a pension scheme in Singapore, such as an SRS account, or CPF if you’ve become PR, you may wish to understand how this will be affected once you return. Some expats choose to leave their pension funds in Singapore, while others may transfer them back home. Each option has its own implications for taxation and access to funds, so seek professional advice tailored to your situation. Check out my previous content on SRS & pensions for more information on this.

5. Property Ownership and Housing Market

If you own property in your home country, consider the current housing market. Will you sell, rent, or keep your property? If you’re returning to a place where property values are fluctuating, this can significantly impact your financial situation. For example, in the UK, property prices can vary dramatically by region, while in India, urban growth might be changing property values rapidly.

6. Health Insurance and Medical Costs

Healthcare systems differ vastly from Singapore, where expats often enjoy comprehensive health insurance. In the UK, the NHS provides public healthcare, but private health insurance may be advisable. In Australia, the Medicare system is available, while in India, the private healthcare sector can be expensive without insurance. Ensure you have adequate health coverage that meets your needs upon your return.

7. Employment Opportunities

If you’re considering employment upon your return, it’s important to assess the job market in your home country. Research potential salaries and benefits, and consider how your experience in Singapore might translate into local job opportunities. Economic conditions can vary widely—Australia and Germany have robust job markets, while certain sectors in the UK and EU may be more challenging. Don’t forget to calculate how tax will impact your salary, too.

Moving back home is a significant step that requires careful financial planning. By considering cost of living, tax obligations, pension implications, housing markets, health insurance, and employment opportunities, you can navigate your return more smoothly. Consulting with financial advisers familiar with both Singaporean and your home country’s regulations can also provide valuable insights, helping you make informed decisions as you embark on this new chapter of your life.