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How does Singapore’s Regular Savings Plan Operate?

Singapore’s regular savings plan is a government-sponsored program that encourages citizens to save for their future. The plan operates on a simple premise: citizens contribute a fixed sum of money each month to their account, and the government matches those contributions dollar for dollar. This article will explain how the regular savings plan works and highlight some of its benefits. You can also save monthly through a Saxo regular savings plan.

What is the regular savings plan, and how does it work?

The regular savings plan is a government-sponsored program that encourages citizens to save for their future. The plan operates on a simple premise: citizens contribute a fixed sum of money each month to their account, and the government matches those contributions dollar for dollar. This article will explain how the regular savings plan works and highlight some of its benefits.

Individuals who wish to participate in the regular savings plan must open an account with a bank or other financial institution. They then contribute a fixed sum of money each month to their account. The government matches these contributions dollar for dollar, up to a maximum of $50 per month.

For example, if an individual contributes $100 to their account each month, the government will also contribute $100. If they contribute $50 per month, the government will contribute $50. The max amount that the government will match is $50 per month.

The money in regular savings plan accounts can be used for any purpose, including retirement, education, or investing.

The regular savings plan is open to all citizens of Singapore, regardless of income. There are no age or income restrictions. Any individual with a bank account in Singapore can open a regular savings plan account and contribute to it.

What are the benefits of the

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|In: Financing|Last Updated:
How to Scale Your Online Store in Three Easy Steps

When you’re running an online store, you’ll know that there are several advantages to retailing on the internet. For one, there are none of the overheads associated with running a physical store. You’re also selling not just too your local town or neighborhood, but to a world of people when you set up a store online. But perhaps the most exciting aspect of running an online store is that you can scale it: you’re able to move from selling ten products a day to ten thousand without having to shift your efforts too much. Here’s how you’ll make that scaling possible, in three easy steps. 

1. Preparation

Before you make your efforts to scale, you’re going to need to prepare yourself and your business for the inevitable shocks that come with scaling fast. That includes the shocks to your workers, the shocks to your processes, and to the partners that help deliver your products. As such, consider preparing:

  • A reserve of staff you can bring in at short notice to help manage huge demand peaks
  • A reserve of stock so that you can keep getting packages delivered fast if demand increases
  • Your partners and customers, by explaining the scaling efforts you’re making

You should also ensure that all your partnerships are robust enough to deal with an increased flow of cash and orders in advance. That goes for your web hosting, your shipping firm, and even your payments providers. 

2. Scaling

Now it’s time to work on scaling your online firm. This is easy to do, and merely requires you to pull the usual levers in order to reach more customers and to encourage them to trade with your firm. If you’re especially keen on ramping up your marketing efforts, you should certainly partner with a marketing agency that …

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|In: Financing|Last Updated:
How to Decide When to Buy A House

It is a big decision to purchase a house for the first time, but there is no right time. It is all about individual preparation when it comes to taking the plunge. When they invest in a property, many potential homebuyers try to forecast whether house prices will rise or decrease and pay attention to mortgage rates. It would be best to read online mortgage companies reviews to know about the different package each company offers.

There are crucial steps to take to decide whether the time to purchase a house is appropriate. But the best time to buy a house to afford this is when you can.

When you are contemplating buying a house or checking if the prices are increasing or decreasing, know that the best time to buy a house is when you can afford it. On Britainreviews, there are various reviews about housing companies that you should read about before buying a house. If borrowers also have a strong credit score and little debt, they can explore their loan options and take advantage of low-interest loans.

How does home buying works

The type of loan a home purchaser chooses affects the long-term cost of the home. There are different mortgage loans choices, but the most affordable option for homebuyers is a 30-year fixed mortgage rate. The rate would be higher than a loan of 15 years, but a 30years fixed rate will not pose a risk of potential rate shocks. There are other kinds of mortgage loans, prime mortgage loans, subprime, and “Alt-A” mortgages.

The prime mortgage loan

According to the Federal Reserve, a borrower must have a high credit rating of normally 740 or higher and must be largely indebted to qualify for a prime residential mortgage. It also takes a significant down payment …

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|In: Financing|Last Updated:
5 Strategies to Successfully Manage the Finances of Your Company

Opinions and reviews on Reviewsbird.co.uk reveal that the most common and drastic mistake committed by small businesses is the inability to handle funds correctly.

Cash flow is the business’ lifeline, regardless of the difficulty of money management. Carefully read through these financial strategies that will help you adequately manage your company’s finances:

1.  Find a Mentor

Although you might not have considered a mentor as a financial education option, they may be very beneficial in this business aspect. They will help you to build finances and offer advice about what tools are better for comparison in the future by communicating with the business experts in your industry. Carefully select a mentor that best meets your personal and technical criteria, and learn humbly from him/her.

2. Contracting or Accountant Consulting

You do not have financial resources to employ an accountant or bookkeeper, depending on the budget of the business, but there are also ways of investing in these services. Externalizing or consulting a financial expert will help keep the affairs in order on a periodic basis. Accountants will record and control your cash balance, assist you in making informed decisions and ensuring your company laws follow. However, it doesn’t cost as much as hiring someone with full-time employees when you hired them on a necessary basis. You can easily find a very helpful accountant on one of the many management consulting firms available.

3.  Accounting and Financial Software Investment

If you cannot devote the money to an accountant at full time, the use of any financial tools will help you track the finances of your company. While frequent meetings with an accountant or a bookkeeper might be required, the program is an excellent starting point. However, finding the best services to fulfill your financial needs would be crucial. For example, partnering …

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