February 14, 2021

RE&S Enterprises’s 76th Outlet and New Concept, Yakiniku-GO Opens with $7.60 Grand-Opening Set Promotion on 15 February 2021!

Lobang: https://www.moneydigest.sg/res-enterprisess-76th-outlet-and-new-concept-yakiniku-go-opens-with-7-60-grand-opening-set-promotion-on-15-february-2021/

Yakiniku-GO, RE&S Enterprises’s 76th Outlet and New Concept, will have its grand opening on Monday, 15th February 2021, with much fanfare. In celebration of the launch, Yakiniku-GO will be offering the Yakiniku-Go Set (160g) at $7.60 (U.P $15.80)! The set will include Beef Short Plate, ½ Beef Ribeye Steak, Beef Tongue, Rice, Soup, Kimchi/Salad. This is a special one-day promotion, limited to 1 order per pax for dine-in only. Definitely not to be missed!

Here at the pork-free concept, beef lovers can tuck into a repertoire of meats specially curated by its Japanese head chef. The selection includes jyo karubi, harami, angus ribeye steak and wagyu chuck short ribs. Yakiniku-GO promises a cosy and casual dining experience that is affordable for everyone with sets starting from $9.80. Catering to individuals, couples and even a larger group of guests, the electric grills produce no smoke, so there is none of that lingering BBQ odour after your meal.

Yakiniku-GO is now open for their soft opening.  Exclusively from 9 to 28 February 2021, &Rewards members will get a return voucher entitling them to free meat upsize (to be redeemed by 31 March 2021) as well.

There is also a wide range of takeaway bentos starting from $9.80 nett, that includes jyo karubi, gyutan and angus ribeye steak. The bentos come complete with rice and a choice of kimchi or salad.

Address: Yakiniku-GO @ The Seletar Mall #01-49/50/51/52/53, 33 Sengkang West Ave, Singapore 797653
Opening Hours: Mon – Sun: 11am – 10pm (Last order: 9.15pm)
Contact Number: 6242 5939

 

 

The post RE&S Enterprises’s 76th Outlet and New Concept, Yakiniku-GO Opens with $7.60 Grand-Opening Set Promotion on 15 February 2021! appeared first on MoneyDigest.sg.

RE&S Enterprises’s 76th Outlet and New Concept, Yakiniku-GO Opens with $7.60 Grand-Opening Set Promotion on 15 February 2021! Read More »

Ponder over these things if you want to be on track to building your retirement fund

Lobang: https://www.moneydigest.sg/ponder-over-these-things-if-you-want-to-be-on-track-to-building-your-retirement-fund/

Whether you’re young or old, it’s never too early to start thinking about saving up for retirement. After all, it’s the best way to guarantee a comfortable life after you cross that critical stage.

However, you must start planning to make sure everything gets taken care of. Even though it might seem scary at first, have no fear. By reading this article alone, you’re already making that crucial first step.

It takes dedication and discipline to get where you want to be, including consistent savings and investments. You’re going to need to consider various factors specific to you and figure out how to handle risk best.

When jumping into retirement fund planning, it’s best to set a particular goal to build around it. Let’s dive right into the things to ponder over.

Your retirement goal

retirement savings in a coin jar

Image Credits: Mint

To get a basic idea of how much money you need to have after you retire, you must consider what age you want to retire and what you envision your lifestyle to be. After that, there are several methods to give you an estimate of what you might need.

Take advantage of the Central Provident Fund (CPF) Board’s tools to help you with your planning:

You can also do a quick computation to see how much you will need if you plan to retire for a certain number of years. For example, if your retirement will last 20 years and you require S$5,000 a month to get by, you will need S$5,000 x 12 months x 20 years = S$1.2 million.

Just keep in mind that this doesn’t include other factors like assets and liabilities. Those who want a more accurate number should seek a financial consultant’s assessment.

Things to think about

#1: Inflation rates
Singapore's inflation rate

Image Credits: Statista

Singapore’s inflation rates have averaged at around 2.51% from 1962 up to 2020 and have fluctuated recently within the last four years at percentages between -0.52% and -0.57%.

If you haven’t started investing already, consider doing so because your money will lose purchasing power if it sits in a savings account.

#2: Risks
a man reaching for an apple on stacked chairs

Image Credits: wsj.com

Risk can be defined as the degree of uncertainties in an investment decision and/or possible financial loss. The younger you are, the more risks you can afford to take. If you’re a little older, it might be riskier to invest a lot of money and potentially lose it all when the market is greatly affected.

Therefore, it depends on what point you are at in life. Be sure to consider how much risk you’re willing to take on and set up some plans accordingly.

#3: Diversification
never put all your eggs in one basket

Image Credits: news.warrington.ufl.edu

“Never put all your eggs in one basket” is a tactical move that makes perfect sense in several areas of our lives. This includes investments and fund management.

For healthy risk management, diversification in your retirement portfolio is always crucial. Balancing your investments means that there won’t be a disaster for you if one industry crashes in the market.

The importance of diversification in investing is not to be taken lightly. For more details on the technique to reduce potential risks, click here.

#4: Time horizon
investment-horizon

Image Credits: corporatefinanceinstitute.com

Try to identify what time horizon your investments are geared towards, whether short, medium, or long-term.

If you’re leaning towards short-term, you can afford to go for riskier investments, potentially earning you higher expected returns. On the other hand, if you’re long-term, you will want to invest in lower-risk funds that provide stability and predictable returns.

In general, if you start your retirement journey when you’re young, you can invest with higher-risk investments and slowly transit to low-risk ones in the future.

#5: Payout mode
savings against time

Image Credits: policypal.com

Take your payout mode into account.

Sometimes, insurance savings plans, for example, will need you to lock in your amount for several years before you can even access it. If liquidity is important to you, pay attention to the fine details of your plans you’re considering and consult a financial planner for elaborate help along the way.

Search on the internet, and you will find a couple of retirement savings plans. We will list some here for your perusal:

Final thoughts
a women writing down something on her notebook

Image Credits: unsplash.com

You will already be way ahead of the curve if you start early and stop putting off retirement planning.

A study has shown that Singaporeans start planning for retirement at around 38 years old. That’s why within the age group, only two-fifths of Singaporeans feel confident with a comfortable retirement. See if you can look for little areas around your life where you can save some money to invest without affecting your current lifestyle or budget.

Oh yes, before we let you go, have you heard of CPF’s Matched Retirement Savings Scheme (MRSS) for senior Singaporeans?

MRSS is ideal for those aged 55 to 70. As the Singapore government will match every dollar of cash top-ups (annual cap at S$600) made to the Retirement Account, this is one way to increase monthly retirement payouts effortlessly.

Help your parents, aunts, and uncles check if they can tap on the scheme using the MRSS eligibility checker here!

The post Ponder over these things if you want to be on track to building your retirement fund appeared first on MoneyDigest.sg.

Ponder over these things if you want to be on track to building your retirement fund Read More »

What is lifestyle inflation? How do you avoid it?

Lobang: https://www.moneydigest.sg/what-is-lifestyle-inflation-how-do-you-avoid-it/

In finance terms, we hear about inflation all the time. But what about lifestyle inflation? This is essentially a kind of habit, and both its presence and the problem it causes can be sneaky.

Simply put, lifestyle inflation happens when your pay increases or you undergo a promotion and your costs of living rise as a result. This alludes to those expenses that aren’t necessary. If you think “oh, that won’t happen to me”, be careful. It’s not called “lifestyle creep” for no reason because it creeps up on you!

Don’t fall into the trap of spending more money as your lifestyle changes. Here are some realistic tips to keep you on the lookout.

#1: Know your weaknesses

We’ve all got that one thing that we tend to splurge on. Perhaps it’s a shopping spree at weekends. Or it could be a weekly high-end restaurant date with boo. If you’re honest about the splurges you’re most likely to make, it will help you stay strong against them.

#2: Be careful with credit cards
credit cards in Singapore

Image Credits: AsiaOne

To keep your financial health in check, be careful not to overspend on credit cards. Be mindful that you’re going to have to pay it all back (with interest) one day, so think twice before that big swipe.

For folks contemplating getting a credit card, read this article to consider some situations before applying for one.

#3: Be ready for it by having a plan

The biggest mistake that many make is to underestimate its ability to be crafty. It’s just a few dollars here, and a few dollars there, so it shouldn’t be that big a deal? Well, that’s precisely what it means to get off on a wrong foot.

Make sure that you plan for lifestyle inflation to happen. Expect the unexpected because the only way you will notice it is when it starts to impact your financials. And trust us, it will.

#4: Stick to your budget
a person calculating while budgeting

Image Credits: Forbes

One helpful advice to keep your spending in line is to stick with the same budget you’ve been using before your salary increases.

None of your other spending categories has a reason to increase, after all, so make sure your accounts match what they should be at the end of the month.

We like to use an excel sheet to watch our budget and spending habits. Having a document to pen down your expenses is a sure way to help you eye your monthly paychecks. With the extra savings, you can decide for yourself if you’re ready to venture into investments.

#5: Let yourself off the hook once in a while

Okay, so this goes against the tips above, but it’s essential!

If you set aside a small amount of money every week or month to feed your spending urges, you will be able to last through the entire marathon. That’s because you aren’t sacrificing anything and it’s only fair that you reward yourself after a tough week at work.

Think of it as a strictly monitored allowance.

Final thoughts
an empty wallet

Image Credits: arktoswealth.com

Lifestyle inflation might be something that you notice after it has already snuck into your life. If that’s the case, that’s no reason for panic.

All you need to do is use the bits of advice shared in this article to deflate it back to where it should be again. Hold fast to it, and you will be on your way to significant savings that you can tuck away for a financially sound future.

The post What is lifestyle inflation? How do you avoid it? appeared first on MoneyDigest.sg.

What is lifestyle inflation? How do you avoid it? Read More »