CPF Balances Update – November 2019

It is the end of November with all mandatory contributions and cash top up are in for the month. So I used my MA for medical bills this month and topped it back up to BHS enjoy $300 tax relief for the following year.

MA contribution overflow to SA continues. OA to SA transfer for the month of October is also completed. SA balance currently stands at $84,562.09.

I continue to top up my child’s SA at a very modest sum of $100, something that all parents could consider for their children. SA balance currently stands at $400.

An action and acknowledgement page which I enjoy seeing end of each month.

3 thoughts on “CPF Balances Update – November 2019

    1. There are many disciplined ways to save money for our children. What’s the difference between putting $100 in their piggy bank, or $100 in their savings account, or $100 in their regular savings plan or even their CPF SA? It is the same amount that I want to gift to them anyway. We shouldn’t be too pre-fixated on the reason but more on the purpose – how to set up a good and real example or role model for them to follow when they grow up or become more financially savvy.

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: