Making SMART Choices and Getting SMART Returns with SMART Park! August 18, 2023

Making SMART Choices and Getting SMART Returns with SMART Park!

2023 has been challenging for many as inflation persists, compelling people to tighten their belts and monitor their spending closely. In such unprecedented times, one may start to wonder: “How can we optimise our finances and make the most of our money?”

These are my tried and tested nuggets of advice that I share with my clients regularly:

1) Smart Savings: Track Your Expenses

As the saying “knowledge is power” goes, it certainly applies to the tracking of your expenses. Yet, according to a 2022 survey by SmartWealth [1], 52% of Singaporean adults aged 18 and above do not keep track of their monthly spending. However, the survey also revealed that among the 48% who did track their expenses, a remarkable 71.9% of them usually did not overspend! Hence, it is evident that setting a budget and monitoring your expenses can prevent overspending.

While expense tracking may seem like a hassle, modern apps can simplify the process by allowing users to record, categorise and monitor their spending. With the help of apps, you will have a clearer picture on how to identify areas to reduce spending and boost your returns effectively!

2) Smart Choices: Seek Out Good Deals to Maximise Your Money

There’s no doubt that Singaporeans love a good deal, and for a good reason. Deals enable us to stretch our dollars further. Buying household consumables in bulk during online sales for instance, is an excellent way to save money.

That being said, it is important to realise that while discounts are great, it only makes sense to make a purchase when you truly need the item. Assuming you do, then go ahead and take advantage of promo codes, online deals, coupons and so forth to minimise your expenses and maximise savings. Otherwise, you would only be spending unnecessarily which defeats the purpose of deal-hunting. Alternatively, credit cards can also offer benefits like cashback, miles or even sign-up bonuses, allowing you to earn rewards for spending what you would already planned to in the first place!

3) SMART Park: Putting Your Excess Cash to Work!

If you’re not actively looking for good deals for your spending, it is time to discover the perfect DEAL for your excess cash. With Phillip’s SMART Park Excess Funds Management Facility, you can deposit your idle cash into your trading account and watch it work smarter for you!

SMART Park amplifies the potential of your hard-earned money ensuring both impressive returns and full flexibility over your funds, with no lock-in period in case of emergencies.

To sweeten the deal, SMART Park is currently celebrating Singapore’s 58th National Day with 5.8% p.a. guaranteed returns!** To enjoy this promotion, simply fund your account with a minimum of S$1,000, and earn up to S$238 for a S$50,000 deposit!

Make your SMART choice now to secure the SMARTEST deal of the year as this promotion ends on 31st August 2023!


**Terms & conditions apply. For the full terms and conditions, click here


Making SMART Choices and Getting SMART Returns with SMART Park!

Elijah Lee
Senior Financial Services Manager
Phillip Securities Pte Ltd (A member of PhillipCapital)



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The information contained in these commentaries has been obtained from public sources which PSPL has no reason to believe are unreliable and any analysis, forecasts, projections, expectations and opinions (collectively the “Research”) contained in these commentaries are based on such information and are expressions of belief only. PSPL has not verified this information and no representation or warranty, express or implied, is made that such information or Research is accurate, complete or verified or should be relied upon as such. Any such information or Research contained in these commentaries are subject to change, and PSPL shall not have any responsibility to maintain the information or Research made available or to supply any corrections, updates or releases in connection therewith. In no event will PSPL be liable for any special, indirect, incidental or consequential damages which may be incurred from the use of the information or Research made available, even if it has been advised of the possibility of such damages. The companies and their employees mentioned in these commentaries cannot be held liable for any errors, inaccuracies and/or omissions howsoever caused. Any opinion or advice herein is made on a general basis and is subject to change without notice. The information provided in these commentaries may contain optimistic statements regarding future events or future financial performance of countries, markets or companies. You must make your own financial assessment of the relevance, accuracy and adequacy of the information provided in these commentaries.

Views and any strategies described in these commentaries may not be suitable for all investors. Opinions expressed herein may differ from the opinions expressed by other units of PSPL or its connected persons and associates. Any reference to or discussion of investment products or commodities in these commentaries is purely for illustrative purposes only and must not be construed as a recommendation, an offer or solicitation for the subscription, purchase or sale of the investment products or commodities mentioned.

About the author

Elijah Lee
Senior Financial Services Manager

As a Senior Financial Services Manager with Phillip Securities, Elijah has demonstrated technical competency and knowledge in various areas of wealth management such as risk management, wealth accumulation, portfolio allocation, tax planning, retirement planning, estate planning, combined with significant practical experience in the advanced financial planning needs of individuals and families.

Besides managing his clients' financial portfolios and planning for their comfortable retirement, he also allocates a portion of his time to reach out to the public via webinars, educating them on various aspects of financial management to ensure that they feel confident in achieving their financial goals and dreams. He has been invited on the radio station Money89.3FM to share his views on various topics as well as being interviewed on Channel NewsAsia and The Straits Times.

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