Do you have these 5 Bad Money Habits that are wreaking a havoc on your Personal Finance?

5 Bad Money Habits You Should Try To Break - Yahoo! Singapore Finance

The above are Five Money Habits that would wreak Havoc on your Personal Finance if you don't break it.

Check it out!

How to Beat Inflation with ETFs

These days I am reading a lot more on Yahoo Finance as their lineup on Personal Finance and investing news is really fast and up to date especially with local Singapore Investing climate.

I am currently reading on hedges against inflation when I chanced upon this article on ETFs investing.

ETF stands for Exchange-Traded-Funds and there are several ETFs in Singapore

1) STI ETF which tracks the STI Index.

2) iShares

3) Poems also has good introductory seminars for ETF investing.

This is a great article and a good way to hedge against inflation

Here's the article http://sg.finance.yahoo.com/news/ETF-Basics-How-to-Invest-in-usnews-3529016804.html?x=0

How to Save a Third of Your Income and how to grow it

October seems to be the month that throws spotlight on personal financial issues and corporate finance as companies begin to post their third quarter results.

Both on MSN Mney and Yahoo, we find articles on savings and investing.

One particular article I find online seems to strike a chord with most with inflation raging and wages rising in incremental levels, this article is on "How to Save a Third of Your Income"

In this article, the author of the  book Generation Income shares

• How to save a third of your income with little sacrifice.
• How to grow that income
• How to make savings automatic.

I like to add my own ideas of what to do with the one-third of income you save.

• First one-third will go towards a savings account for long term savings such as purchasing a property, emergency cash etc.
• Second one-third will go towards investments to grow your wealth
• Third one-third will allow you to share your wealth to Tithe.

I have seen people who investing the second one-third of their income in substantial dividend producing stocks and used that income either to reinvest in stocks to build a larger portfolio for retirement or used their dividends to pay off their mortgage payment. There are also couples who live off dividend payments and used it for their basic living expenses.See this article on "Investment Strategy returns Dividends"