Just another sharing post on supporting the local personal finance community. I have been a long time user of StocksCafe and have been diligently inputting my SGX transactions and checking the dividends information. Recently, I realized that there was now a cap on the number of transactions I can put through. And I realized that StocksCafe has now moved to a subscription model where the Basic User (Free) only has limited access to the features in StocksCafe but a Friend of StocksCafe has full access to the features.
Last week, I started a monthly contribution of US$2 to Dawn (Sg Budget Babe) on her Patreon page. In the spirit of showing my support financially, I decided to go ahead with the S$3.90 monthly contribution to Evan to be a Friend of StocksCafe. It’s about time I made more financial contributions to this community, especially when they provide useful finance resources and services.
On a side note, this is shaping up to be a crucial few weeks for my wife as she negotiates her way to a promotion that comes with a basic salary (excluding annual performance bonus) increase. If my wife is successful in this career move, she would be leading a small team and be better positioned for 2018. What a way to start the new year.
I have always maintained that my wife is better suited for the corporate world and it’s clear she’s thriving in that environment. I’m probably more laid back when it comes to this but I reckon it will be my turn to step up when we start planning for a family. My wife will need to rest and take a break then but at least she will be at a high enough position and salary income to manage retrenchment risk in the event of economic recession.
My job for now is to build the personal and financial support infrastructure around my wife as she steps up so she can have a safety net if she fails. This can happen when the stress level rises from dealing with higher workloads, team management problems and having kids. Hopefully not at the same time, which would only make it worse. It’s good that she was already unofficially in the job in the second half of last year to get used to the roles and responsibilities before going into it officially this year. The route to get there may be longer but it is more stable and you are more prepared for the challenges.