DBS For Young Adults

2021-10-04 13:30:06 Would you lend money to a friend who always default on payments?

Yup... that’s what goes through a lender’s mind as they decide whether to extend a loan to you and at what interest rate.

The difference? They look at your credit score (amongst other factors) which is rated on a scale based on your credit behaviour.

TLDR; Credit score is an important part of your financial health and understanding how it works is the first step to using it to your advantage.

Think.. a better mortgage rate, higher loan quantum & chances of loan approval to name a few.

All the deets here:

904 views10:30

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2021-10-02 07:00:06 Hack alert: Use your DBS Live Fresh Card for up to 5% cashback on online spend

If you haven’t already heard, there’s now a $1 GrabPay wallet top-up fee whenever you top-up below $400 using your Visa credit cards.

And for those who know, you’d know that you can simply avoid this by:

Using your Mastercard, American Express cards or any debit cards
Bank account top ups via PayNow

But... the cherry on top?
A 5% cashback on top of a $0 top up fee if you set your DBS Live Fresh Card as your default payment method in-app instead.

More deets here:

1.6K views04:00

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2021-09-30 13:30:06 Feeling underpaid? Asking for more salary?

Grab your dinner , get comfy & watch as the gang from The Daily Ketchup talk about everything salary.

And... if you don't already know, The Daily Ketchup is a local podcast on the latest or weirdest happenings in and out of Singapore discussed with a little bit of sauce.

Tea spilled here: bit.ly/3omoV3M

This episode is in collaboration with The Daily Ketchup team. There's more coming soon. Enjoy! Open / Comment

2021-09-29 14:35:50 TLDR 3 Important takeaways:


The market moves in cycles which repeat – Understanding the different stages can help you make better investment decisions

Market cycles typically go through 5 stages – Trough, Recovery, Expansion, Peak and Contraction

Each stage calls for different investment strategies to maximise your gains

So.. riding market cycles is just like climbing a mountain - you'd need different strategies for different stages of your climb. Empowering yourself with the right knowledge & tools will allow you to better time the market and maximise your investment returns.

All the deets here:

1.9K views11:35

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2021-09-27 10:00:06 Feeling further away from your goal? Take a breather, regain focus & take charge.

Every battle is won BEFORE it is fought. Take some time off to recalibrate and rethink your game plan.

The same applies to your financial goals – if you fail to plan, you are planning to fail. Look at the bigger picture and strategise.

Give clarity to your thoughts by penning them down. Use the SWOT analysis framework to help you see the bigger picture & guide your strategy. You might even uncover opportunities amidst the chaos.

#MotivationalMonday Open / Comment

2021-09-23 10:00:06 What if I told you that you can start building on all your financial milestones now?

Student loans, preparing for a house, building on your emergency fund - YOU GOT THIS. Trust me when I say you can manage your retirement planning at the same time as well.

Here’s how:

Feeling a little rusty on retirement? Test your knowledge!

Today’s challenge
QUIZ: HOW RETIREMENT SAVVY ARE YOU?

Hop on to our wider The Burrow community: to view the question & write your answers in the comment section.
Members with the closest results will receive a small gift from us.

Challenge ends on Sunday 26th Sep and winners will be notified on Monday.


More content and contests otw.
Invite a friend to join us! https://t.me/dbsforyoungadults

2.3K views07:00

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2021-09-20 12:46:06 Make $ while you sleep?! Pen that down, my friends - it’s wisdom from the legend himself.

If you’re already investing in the stock market or started your side hustle, pat yourself on the back.

Just know that there are many options to generate passive income. As the saying goes: DIVERSIFY, DIVERSIFY, DIVERSIFY!

Wanna know more?
Here are some $ generating ideas you can start with. All the deets here:

1.7K views09:46

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2021-09-16 10:04:44 You know where this is going ;) So unabashedly.. here goes the plug :

It doesn’t matter if you’re good at sticking to budgets or not, you’ll find this list of 7 actionable tips useful to help you stay on track and achieve your financial goals.

And yes, NAV Planner is one of them. But there are others. ;)

Deets here:

523 viewsedited  07:04

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