31 Jan '17, 9am

6 ways you should be spending your ang bao money this year:

6 ways you should be spending your ang bao money this year:

After Chinese New Year, you’ll probably come home with an extra S$400 – S$600 in ang bao money. This is typical for most Singaporeans, with a lucky few crossing the S$1,200 mark. Assuming you have an inhuman degree of self-control, you can actually use your ang bao money for benefits beyond a new Lego kit or a fancy dinner. The key is to immediately put it where you can’t get at it, and find ways to make it grow. If you’re getting less than S$400, then we suggest you simply save it. Otherwise, here are some wise things you can do with your ang bao. Start a Small Investment Portfolio You can purchase safe blue chip stocks, such as the Straits Times Index fund, for as little as S$100 per month. Banks such as POSB and OCBC have a blue chip investment programme, which don’t require you to buy in fixed lots (you usually have to buy shares in “lots” of 100 or 1,000). Because blu...

Full article: http://www.herworldplus.com/lifestyle/money/6-things-you-...

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