Post Tagged with: "Finance"

Three Ways Scholarships Actually Help You

Students taking an examUniversity education can be quite expensive. No one can deny that. Even though Singapore and other countries may offer subsidies to encourage more students to pursue higher education, there is still the matter of books and budgeting for transportation and projects. It would be nice to get financial aid, wouldn’t it?

What you may not realise is scholarships in Singapore do not just cover your financial expenses. In fact, it offers three essential benefits.

Financial Aid

Perhaps the most apparent benefit of qualifying for a scholarship is getting financial aid. This is the most important aspect to cover so that you can focus on studying. If you know you can afford to finish the term, there is one less worry on your mind. Some scholarships also cover more than just the tuition; they might also provide an allowance, which helps Singaporean students live a decent college life.

Confidence Booster

A scholarship is not just about the money. Because of the qualifications you need to meet to get a scholarship in the first place, it becomes a source of bragging rights. Even if you are not the bragging type, you still feel confident in your skills knowing that an organisation believes you are good enough to receive such a scholarship. Parents may also offer good praises and be more proud to talk about you, which gives a significant confidence boost.

Connection Maker

Your affiliation with the organisation that funded your education does not end when you graduate. They may open opportunities for employment and even connect you with individuals who also started as scholars for them. Though this does not mean you get special treatment in job applications, this validates the skills you have. Being a scholar from a particular organisation gives credibility that goes with your good grades.

For many, it is already enough to have the scholarship to fund their education. But wouldn’t it be nice to know it offers much more than financial aid?

March 2, 2018 at 1:00 amStudy Section

The Top 3 Checkout Technologies Set to Shape Retail

Credit card being swipedWith the intense competition among retail brands in the market, businesses often have two choices: innovate or die. The percentage of new businesses that close down after the first year remains the same. About 50 percent of the new players die. On the tenth year, about 96 percent may have closed down.

Fortunately, innovation doesn’t have to come at a steep price; you can remain competitive and still manage costs by using technology in certain processes.

Whether you run a new shop or own a string of stores, these three checkout technologies can help improve your business:

POS Finance

The growth of retail tech also increases the number of people not bringing cash. In a Blumberg Capital survey, about 50 percent don’t use it anymore. But not all stores are ready to adopt the cashless system.

For retails stores that don’t, there’s the point of sale finance system. It provides the customers access to different lenders. One can integrate the service in the POS, so the customer doesn’t go through a time-consuming application process.

No Checkout

A lot of people think the self-checkout terminals are already the future of retail. One bus in China begs to disagree. The vehicle is a rolling store with no staff and checkout. Customers enter by scanning a QR code. A hologram of a woman appears to give transactions a “personalized touch.”

Virtual Shopping Carts

E-commerce boomed for one reason: convenience. But can the same benefit extend in the offline world? The answer is yes, thanks to Amazon.

Amazon’s first physical retail store features two technologies now found in others: cashless and no checkouts. But it took innovation to a whole new level by creating a virtual shopping cart. Customers can walk in and shop. The cameras around the shop then pick up the goods and place them in virtual carts. The system then allows the customers to pay through their credit cards with digital receipts.

These retail technologies are meant not only to appeal to the young consumers. They’re also necessary to improve customer service and experience.

February 14, 2018 at 1:36 amMind of Money

How Does the Tax Reforms Affect Obamacare?

Judge gavel, stethoscope, and calculatorObamacare insurance providers will raise premiums in 2019 after the U.S. government implemented tax reforms, which repealed a mandate of the Affordable Care Act (ACA).

The mandate refers to the requirements that every American should have health insurance. DECO noted that it remains uncertain how this will affect ACA assistance, as insurers remain divided on renewing their participation in Obamacare’s exchanges next year.

Individual Insurance

Obama insurers will need to reach a decision by spring at the earliest whether to renew its involvement in the insurance exchanges. As for the insurance premiums, it will increase as the mandate’s repeal will cause four million Americans to skip coverage next year, according to the Congressional Budget Office (CBO). Standard & Poor predicts that between three to five million people will not apply for insurance in the next 10 years due to the repeal.

By 2027, the CBO expects 13 million people to forego insurance. This will trigger an annual rate hike of 10% every year beginning in 2019. CBO based its forecast on the fewer number of insured healthier individuals, as they will no longer need to pay penalties if they fail to sign up for insurance.

Obamacare Enrollment

The number of people who signed up for Obamacare under the 2018 enrollment period reached around 8.8 million people, down from 9.2 million Americans year over year. However, this could be because of a shorter enrollment period.

The deadline for applications on the 2017 period lasted until January 31, while the open enrollment period for this year ended by the end of 2017. The deadline for 2018 originally fell on December 15, although publicity for the extended period became ineffective as even insurance brokers were unaware of it.

Hospitals and medical providers need to prepare for the tax reforms’ impact on ACA assistance. On the other hand, more Americans will have to find ways on how to pay for potentially higher insurance premiums in the future.

January 25, 2018 at 4:04 amMind of Money