savings

Q&A: My Company is Encouraging Me to Retire Early. Should I?

By: Alythea Ho

Question: I've been offered the chance to retire early by my company. And I'm not the only one. I'm not upset at all, but I'd like to know if it's a good idea to accept the offer? Thanks.

Answer: Good question. The main thing to consider is whether you can afford to retire early. A recent JobsCentral poll shows that the majority of our respondents (37%) would accept an early retirement offer if the retirement package is attractive enough. (Read More Here!)

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Are you a Saver or Spender? 60% of Singapore workers save less than one-fifth of income

60% of Singapore workers save less than one-fifth of monthly income, while 1 in 4 admit to spending most of salary on entertainment.

By: Alythea Ho

Everyone loves year-end bonuses. Spending becomes a joy for some at this time of the year, while others prefer to squirrel away their extra earnings into passive wealth generating sources.

However, when it comes to regular salary savings, it appears that many Singapore workers prefer to spend, spend, and spend.

Close to 60% of Singapore workers save less than one-fifth of their income each month, reveals a survey carried out by the JobsCentral Group, a CareerBuilder company. In terms of spending, close to one-quarter (23.6%) of the workers confessed they would spend the bulk of their salary on entertainment.

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