This article was brought to you through a collaboration with POSB. All thoughts shared here reflect Beansprout’s honest and expert perspective.
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As we near the close of 2024, I’ve been revisiting my financial experiences from the past year. This period has indeed brought noteworthy changes to the personal finance arena in Singapore.
Throughout the year, I’ve frequently discussed Singapore T-bills, and one noticeable trend is the dip in the yield for the 6-month Singapore T-bill. It has dropped from its previous height of over 4% late last year. Alongside this, January 2025 will mark the closure of the CPF Special Account (SA) for individuals aged 55 and above, causing many of us to reconsider our retirement strategies.
Amidst all this, I’ve found myself keeping a closer eye on spending, particularly as living costs continue to rise. This has led me to ponder some beneficial financial habits we could adopt to better manage our finances…
