For many Singaporean millennials, money education is not part and parcel of life, it takes years to learn through practice. What took me 20 years to learn — about how to earn, save, and invest money — could have been taught in far less time with today’s technology.
How did I get through thirteen years of schooling without knowing how to do tax? Honestly, I have spent majority of my life in school, doing high level mathematics, and when my tax invoice came in the mail I was in the dark. Me: This is why I want to get Pennybox out there, so
When it come to investing there are some important investment tips and rules that millennials should follow because they are young, have large purchases coming their way (education, home, wedding, and so on) and because it’s presumed they have their entire careers ahead of them.
A credit card is a powerful tool – and like other tools (cars, hammers, to name a few) – you need to know how to use it. Misuse can lead to painful outcomes. I have seen millennials make mistakes with credit cards and I want to help others avoid these pitfalls.
We know what you’re thinking: of course real pocket money is the way to go when teaching financial concepts. It’s tangible; it’s real; your child can hold their pocket money in their hand, and if they spend it, they’re losing real cash. What if we told you that virtual currency works? In fact, we’re going to go one step further and tell you why it works, and how you can start the “money talk” with your child.