Archive for: July 2007

Thinking of getting a credit card but didn’t meet the income requirement of minimum of at least S$30,000 per annum?

No worries, there is hope for you now.

Citibank’s latest addition to it’s credit card range: Citi Clear Card

But the credit limit cap at just S$500 and once you spend more than that, further purchases will be declined until payment is received !!!

Pros of Citi Clear Card:

1) No minimum income needed
2) Anyone above 18 years old can apply

Cons of Citi Clear Card:

1) Credit limit cap at S$500
2) Credit card will be temporarily suspended if minimum payment is not received by due date
3) Monthly paper statement cost S$1 (no cost for electronic statement)

This is how I used to spend my money before:
1) Owned a 2nd car (-$1000)
2) Watch a movie every weekend at cineleisure in town (-$40)
3) Eat at restaurants every now and then (-$100)
4) Buy insurance policies without thinking (-$500)
5) Buy breakfast every morning (-$30)
6) Eat lunch/dinner outside whenever possible (-$100)
7) Buy unnecessary things (-$200)

Recently I have read up some blogs regarding personal expenses. Most focus on Frugal Living and cutting down on unimportant expenses. I also learned that there is a need to track where my money is going every month.

I just started …