Win 50 Dollars or Vouchers With DBS Lifestyle App (Read Terms and Conditions)

This is not an April Fool’s day joke. There is a promotion for DBS Lifestyle Application users (App Store or Google Play Store) between 29th March to 30th June 2018. If you spend a minimum of S$500 qualifying spend (read more below) within the 3 months, you are entitled to win S$50 worth of cash credits or vouchers. I have signed up for the promotion because it seems like a good deal not to be missed!

The prize and quantity can be found in the terms and conditions. It seems that there are only 3,600 who will win the cash credit.

Prize Quantity
S$50 cash credit 3,600
S$50 Foodpanda coupon 1,600
S$50 Lazada coupon 1,600
S$50 Redmart coupon 1,600
S$50 Zalora coupon 1,600

How to Participate

  1. Install the app via Apple App Store or Google Play Store.
  2. Register under the “Pick a Promotion” section.

Spend a minimum of S$500 qualifying spend within 3 months to win the deal. The app does the tracking for you. It is as easy as that!

Qualifying Spend

The tricky part is the qualifying spend. For a moment, I thought I can easily meet the minimum spend if I pay my monthly bills. But no, bill payment is not a qualifying spend!

Below is extracted from the terms and conditions.

“Qualified Spend” is based on posted online/in-app purchases in local and foreign currencies, excluding
refund(s), into the Card Account during the Qualifying Period and exclude the following:

  1. payments to government institutions (court cases, fines, bail and bonds, tax payment, postal services,
    parking lots and garages, intra-government purchases and any other government services not classified
    here);
  2. payments to financial institutions (including banks and brokerages);
  3. payments to insurance companies (sales, underwriting, and premiums);
  4. payments to telecommunications providers;
  5. all bill payments;
  6. donations;
  7. payment of funds to prepaid accounts and merchants who are categorized as “payment service providers” and/or “online payment gateway”. For example, Mileslife.com, MoneySend, Skrill.com,
    Matchmove.com, SmoovPay, CardUp, iPaymy;
  8. payments to schools, hospitals, professional service providers and payment for parking lots;
  9. EZLink transactions;
  10. payments made via AXS and SAM;
  11. NETS transactions;
  12. balance transfers, cash advance, My Preferred Payment Plan, and any fees and charges (including annual
    fees, interest charges, cheque processing fees, administrative fees, cash advance fees, finance charges
    and/or late payment charges and other miscellaneous fees and charges);
  13. Installment Payment Plan (“IPP”) transaction(s);
  14. betting (including lottery tickets, casino gaming chips, off-track betting, and wagers at race tracks)
    through any channel;
  15. any other transactions determined by DBS from time to time

Which REIT Can Grow Their DPU Over The Years?

Most of us invest in REITs for their dividend yield but what makes a REIT exceptional is the ability of the REIT manager to grow the distribution per unit (DPU) over the years.

Below are the REITs with their annual historical distribution (in cents) I have held in my stock portfolio. The historical distribution can be easily found from the individual REIT website.

As you can see from the line chart I plotted above using the historical distribution, Parkway Life REIT and Frasers Commercial Trust have been able to grow their DPU consistently over the years as the line shows a gradual incline slope. Mapletree Commercial Trust should be able to form an incline slope as well but the line shows a decline because the 4Q2017 results are not yet announced.

Distribution per unit (DPU)for CapitaMall Trust and Suntec REIT looks rather flat over the last few years which reflects the current outlook for shopping malls.

Distribution per unit (DPU)for OUE Hospitality Trust declines as compared to FY14.

As you can see, by plotting the chart, it gives us a high level overview which are the REITs that is capable of growing their DPUs 5 years or more.

FY12 FY13 FY14 FY15 FY16 FY17 % Growth
ParkwayLife Reit 10.31 10.75 11.52 13.29 12.12 13.35 29.5%
CapitaMall Trust 9.46 10.27 10.84 11.25 11.13 11.16 18.0%
Mapletree Commercial Trust 6.487 7.372 8 8.13 8.62 6.77 ** 4.4%
OUE Hospitality Trust NA 2.9 6.74 6.55 4.61 5.14 (23.7)% ^
Frasers Commercial Trust 6.69 7.83 8.51 9.71 9.82 9.82 46.8%
Suntec Reit 9.49 9.328 9.4 10.002 10.003 10.005 5.4%

^ Based on FY14 to FY17 since IPO in FY17

** Not the full year results.

Teach Your Kids to Spend, Save and Share

Recently, I attended a parenting course organized by my neighborhood community center. One of the topic is to teach your children about financial literacy. Just like me, I believe many parents out there does not know where to start when it comes to teaching your children about money management. Did you ever experience your child spending all their allowances at school and ask you for more money to buy additional stuff such as Pokemon cards?

You can try this simple technique that I have learnt from the course, summarized in three words: Spend, Save and Share. These are three broad techniques which you can use to remind your child to make choices with their money. You can make the above money jars using recycled containers (PS: I used the empty containers after finishing up the Chinese New Year goodies).

With the money jars, you can show your child how to allocate the given allowance into different containers and also help them understand what the purpose of each container is. Here are the three categories:

#1 Spend

Buy things that you need and want now.

#2 Save

Set money aside to buy things in the future.

#3 Share

Donate money to help people or buy something to share with your siblings or friends.