It’s that time of the year again, where time-honoured tradition lines our red packets (and pockets) with cash. What’s the best way to make the most of our ang-bao money? Howie Lim finds out.

Synopsis: Every first, third and fifth Monday of the month, The Business Times breaks down useful financial tips.

Highlights of the conversation:

03:08 Importance of planning your finances

04:16 Saving is not sufficient

05:37 Understanding your needs versus wants

06:49 Step-by-Step guide to using your ang-bao money

07:46 Saving, spending and investing have to coexist

09:41 Where to start investing for a beginner

Hosted by: Howie Lim (howielim@sph.com.sg)

With Mey Wong, head of client experience at StashAway

Edited by: Claressa Monteiro

Produced by: Emily Liu

Engineered by: Joann Chai Pei Chieh

A podcast by BT Podcasts, The Business Times, SPH Media

Follow BT Money Hacks podcasts every first, third and fifth Monday of the month:

Channel: bt.sg/btmoneyhacks

Apple Podcasts: bt.sg/oeXe

Spotify: bt.sg/oeGN

Google podcasts: bt.sg/oeGP

Website: bt.sg/moneyhacks

Feedback to: btpodcasts@sph.com.sg

Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.

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Discover more BT podcast series:

BT Mark To Market Podcast at: bt.sg/btmark2mkt

WealthBT at: bt.sg/btwealthbt

PropertyBT at: bt.sg/btpropertybt

BT Market Focus at: bt.sg/btmktfocus

BT Podcasts at: bt.sg/pcOM

BT Branded Podcasts at: bt.sg/brpod

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See omnystudio.com/listener for privacy information.

S1E162: Cashing in on Lunar New Year: BT Money Hacks (Ep 162)

BT Money Hacks

S1E162: Cashing in on Lunar New Year: BT Money Hacks (Ep 162)