Love yourself by being FINANCIALLY RESPONSIBLE

Hi 🍋8 community~

As a young working adult who's studying a part-time degree, I personally believe that being financially responsible now will benefit ourselves and those we love in the future.

Hence, I will be sharing some apps which I have been using for at least a year, that aids me in my investment and/or savings journey!

Overall, for investments wise, I have a pretty low risk appetite so I'm categorized under the "conservative investor". The investment portfolios which I have are of lower return rates and the apps I have been using are digital investment platform (Robo-Advisors).

As for savings, I love using the Standard Chartered JumpStart account and you'll be finding out why I love using these accounts in a bit!

Syfe

I started using Syfe about a year ago and chose to transfer a small lumpsum into the savings (Money Pot, Cash+) which is a cash management portfolio of 2.3% p.a. projected returns. If I have some spare cash, I'd transfer it here too!

It has 2 inner platforms: Syfe Wealth & Syfe Trade. However, I have only used their Syfe Wealth platform as I'm not someone who knows how to play with stocks/trade and I'm a low risk taker 🫣

Based on your portfolio, there will be a projected % returns and an explanation on what the portfolio is about and what type of bonds / equities will be invested in.

✅ No lock-in period

✅ No management fees for Syfe Cash+

✅ No minimum sum

✅ Free consultation

✅ "Knowledge" tab which shares and guides you, has webinars

StashAway

I started savings (StashAway Simple) and investing (General Investing) with StashAway since 2020 and have been making a monthly transfer into their savings account till date. I have stopped depositing money into the investment account as it has been a bear market (bad) for quite some time.

What I love about their platform is that it is so easy to use and have alot of information provided (fuss free transfers between your different portfolios, free educational videos & read ups etc). They also have a free risk assessment quiz to check your risk index and provide suitable portfolios for you to choose from.

This platform also shows the projected % returns and explains what the different portfolios provides as well as an overview of your investments being invested in what type of bonds / equities.

✅ No lock-in period

✅ No minimum sum

✅ No management fees for StashAway Simple & StashAway Simple Plus

✅ Contact their hotline to learn more

✅ An "Academy" tab which shares and educate you on financial planning & investing

SC Mobile App (Standard Chartered)

Have also been using the SC JumpStart account for years and the returns have been increasing! I use this account purely for savings, although they do provide debit card too.

I have been transfering to this account on a monthly basis and have been earning the interest returns every month. It is credited into my account automatically every end of the month!

Only eligible to open an account for young adults between 18 and 26 years old!

✅ No lock-in period

✅ No minimum sum

✅ 2.0% p.a. interest returns for account balances up to S$20,000

✅ 0.50% p.a. step up interest on deposit balances up to $20,000 when you invest

✅ No service annual fees

✅ 1% cashback on eligible debit card spends

Hope this helps you in your savings and/or investment journey!

If you have already started, what are your go to savings or investments account? 💰

#Lemon8SG #lemon8singapore #lemon8review #savinghacks #savingmoney #LoveMyself

#Lemon8Lifestyle