How You Can Achieve Your Next Financial Goal Sooner
Are you looking to save up for your dream wedding dress, your downpayment for your new home, or your Japan holiday fund?
It takes time and consistency to reach your financial goals, but what if we told you you could reach them sooner?
Here's how: Make your money work harder with our cash management portfolios, Simple and Simple Plus. They're:
- ultra-low risk;
- liquid
And, they help you get a return on your cash while buffering against inflation's effects.
A cash management portfolio ensures that you can access the money when you need it, without exposing it to significant market volatility. That makes it a suitable option for cash you might need in the short-term.
We offer three ultra-low risk cash management portfolios with no minimum investment that help you earn returns, based on how long you plan to invest your cash.
- StashAway Simple™: An ultra-low-risk option to keep your cash for however long you want, be it a day, a month or a year.
- StashAway Simple™ Plus: A slightly riskier option that’s suitable for cash you need for the next 12 months or more. It carries slightly higher risk than Simple, in exchange for higher returns. A longer time horizon will let your cash ride out any brief periods of volatility.
- StashAway Simple™ Guaranteed: Earn a guaranteed rate with a 6 month lock-in.
How can investing with StashAway help you achieve your goals?
Here are some examples of how investing with Simple or Simple Plus can help you achieve your next goal sooner.
Say you've decided to invest $1,000 SGD each month for two years before paying for your next big-ticket item, and you're confident you won't need this money until then.
Here’s how much you’d have after two years if you put that money into Simple or Simple Plus versus a bank savings account:
| Bank savings account | Simple | Simple Plus |
|---|---|---|
| $25,130.29 | $25,526.59 | $26,067.98 |
Assumption for return (per annum): Bank Savings Account: 0.5%; StashAway Simple™ 2%; StashAway Simple™ Plus: 4%. These return figures are for illustrative purposes and do not reflect actual returns nor the effects of inflation. For current projected returns, check Simple and Simple Plus.
Investing for your goals
So, how much could you save for that trip to Japan in six months, wedding dress in one year, your home downpayment or world trip in three years? We’ve done the calculations below, so you don’t have to:
Japan trip in six months
Investing $500/month for six months
| Bank savings account | Simple | Simple Plus |
|---|---|---|
| $3,504 | $3,517 | $3,535 |
Wedding dress in one year
Investing $500/month for a year
| Bank savings account | Simple | Simple Plus |
|---|---|---|
| $6,517.49 | $6,570.33 | $6,641.68 |
HDB downpayment in three years
Investing $1,000/month for three years
| Bank savings account | Simple | Simple Plus |
|---|---|---|
| $37,286.22 | $38,162.72 | $39,374.32 |
World trip in three years
Investing $250/month for three years
| Bank savings account | Simple | Simple Plus |
|---|---|---|
| $9,321.55 | $9,540.68 | $9,843.58 |
Assumption for return (per annum): Bank Savings Account: 0.5%; StashAway Simple™: 2%, StashAway Simple™ Plus: 4%. These return figures are for illustrative purposes and do not reflect actual returns nor the effects of inflation. For current projected returns, check Simple and Simple Plus.
Ready to work towards your next financial goal?
Share this
Want more?
We thought you might.
Join the hundreds of thousands of people who are taking control of their personal finances and investments with tips and market insights delivered straight to their inboxes.
