Reading the papers and watching the news nowadays, the economic forecast for the near future is not quite optimistic. Sam said that means we should be smarter in our spending. You can imagine how puzzled he looked when I told him spending with our OCBC Cards can mean automatic savings for the kids too!
Of course, I was referring to SmartChange, the brilliant new feature for our credit cards from OCBC.
For instance, when I buy milk for the kids at S$7.10, they'll round up my bill to the next dollar, making it S$8. What good is that, you say? Well, the difference of 90 cents in Spare Change then gets automatically transferred into an OCBC deposit account, or in our case, the Children Development Account (CDA) for little Sarah.
OCBC will then match dollar-for-dollar our Spare Change for the next 3 months (this becomes 4.88% matching on the Spare Change from the 4th month onwards). So that's another 90 cents in savings. What's more, we'll enjoy a 0.4% Spending Rebate on the total purchase price. That comes up to S$1.82 in total SmartChange savings!
With the government's matching on what we put into Sarah's CDA account, our SmartChange savings will be doubled, giving us a total of S$3.64 in savings for our initial purchase of S$7.10!
So whenever we spend with our OCBC Credit Cards, the kids get to benefit even more than before! It's not just my credit card spending that can help us save though. Sam also has an OCBC credit card, which means he can opt for SmartChange and automatically save for one of the kids' accounts too!
Finally, spending the whole family can definitely agree on!
Visit OCBC SmartChange and see how it can work for you! |
