How I manage my money for October 08
Posted on Tuesday, November 11, 2008 at 8:53 amI think I’ve missed out on the October report. Currently I have a net worth of $9,520 SGD with that of the citibank’s step-up saving account.
With the bad recession hitting Asia, Citibank are introducing 1-year time deposits, with a minimum amount of 10,000 sgd, @ 1.4% interest P.A. This sounds like a not so bad deal, considering if you had 50,000 which would give you a 1.6%, or a returns of 800 a year.
At such a bad time I rather be save with my money than sorry, but it may also be the best time to invest into the stocks market!
Savings: $500 ($9,500)
Passive earnings: $5.00 (step up interest)
Tags: CitiBank Step Up Saving Account, How I manage my money for October 08, how I save money, Manage my Money Online, Money making tips, money management, money saving tips
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