Finance with Faiz

22/02/2022

Good read!

Here's all you need to know about the inflation rate in Singapore. We will be looking at the impact of inflation and tips on how you can hedge against inflation.

22/02/2022

The Rule of 72 can give you an idea of how many doubles you’ll get in your lifetime.

With more time, a lower interest rate may give you enough to nail your goals. With less time, you may need a higher interest rate.

18/02/2022

Maintaining a good credit score is important as it shows the ability of you repaying your debts on time!

If your credit history has already been dented by recent late repayment, good news! There are ways to clean up your credit history! But it typically takes a few months of responsible prompt repayments to start seeing an improvement in your credit score.

Credit codes to avoid at all cost! W code, R or S codes & H code. It is important to keep tabs on your debt situation and stay in control.

16/02/2022

If you need an example of inflation, 50cents is now $1.50.

Here’s how inflation can affect us and there are many more factors contributing to it.

Are you allocating your wealth into the right places? Are you saving it from inflation?

09/02/2022

A credit report is essentially a bill of health for your finances. On it, you can find your credit score that basically shows if you’ve been naughty or nice with your credit card bills and other debts.

Be sure to check your credit rating before you apply any loans and in this post, it will explain what is a credit rating and why is it important!

We will get in touch on what are the ways to maintain a good credit rating in the next post!

14/06/2021

If you’re lucky, you’ll live the rest of your life without getting seriously ill. But without the right coverage, just one critical illness can be a massive financial burden for you and your family.

Based on Singapore Cancer Society, the treatment cost for later-stage cancer can easily range from $100,000 to $200,000 yearly. That works out to be $8,400 to $16,700 per month. And realistically speaking, savings alone can’t keep up with all the long-term costs related to a critical illness.

So how much does it cost to get yourself covered? Is it expensive?
*illustrated cost per bubble tea is $4*

09/06/2021

Can you afford the cost of cancer treatment in Singapore? Each year, 14,253 Singaporeans get diagnosed with cancer and 5,546 die of cancer. How can we help?

09/06/2021

Ever heard your friends or the people around you saying ”I’m too young to get insurance coverage for critical illness”, “I’m still healthy” well sometimes you can’t be certain for sure. When you’re in your 20s to 30s, this is the best time for you to get one. So, here’s why!