Is it worth it to travel to Germany during COVID season

Is it worth it to travel to Germany during COVID season?

Travelling is not the same after COVID19. There are new terms such as VTL, PCR and 2G ruling. However, that’s not the most frustrating and most worrying thing.

It is that these rules can change overnight.

For those of you who are concerned about the cost of travelling and if it will be worth it, I will be writing on a sole account on my trip to Germany and the cost of it. I will also share my frustrations and what you should take note for your trip if you wish to do so.

Disclaimer: COVID19 rules change often. Please get the most updated information from official sources and let this blog be a guide for your safe travels to Germany.

Is it worth it to travel to Germany during COVID season
Is it worth it to travel to Germany during COVID season

Booking of Flights

The booking of flight was the easiest part. When we were booking our flights, we were quite worried when we couldn’t find a VTL (Vaccinated Travel Lane) from Singapore to Germany. Fear not, this is because VTL is only applicable from Germany to Singapore. The flight from Singapore to Germany will not have a VTL status as shown below.

SIA Tickets Singapore to Germany Cost COVID
SIA Tickets Singapore to Germany Cost COVID
SIA Tickets Germany to Singapore Cost VTL
SIA Tickets Germany to Singapore Cost VTL

Noticed that there is a box in blue (from Frankfurt to Singapore) that shows Vaccinated Travel Lane (VTL). If you do not wish to be quarantined when you are back, pick the VTL (Vaccinated Travel Lanes). There will be VTL and non-VTL flights so choose properly. Hope this put to rest some of the doubts that some of you might have.

There are only two airlines namely Lufthansa and Singapore Airlines are serving this route for now.

In our case, We flew by SIA to Frankfurt during December 2021 and it costs $1007 both ways.

Travel Insurance

Travel insurance isn’t compulsory during the period of time when we were travelling to Germany but we purchased it anyway. There were 3 decent insurance companies that covers for COVID-19 situations that you can consider. These companies are namely AIG, AXA and NTUC. I won’t go into the details. Please note that some countries require proof of insurance before entering.

AIG COVID19 Coverage Travel Guard
AIG COVID19 Coverage Travel Guard

Personally, I selected AIG Travel Guard for my trip there. It cost $137 for a ten days trip to Germany.

Vaccination Proof

This is probably the most important item you will need for a trip. Go to Notarise to download and print a copy of your vaccination proof. (I have also save a copy of the vaccination proof in my phone just in case).

Notarise Vaccination Certification
Notarise Vaccination Certification

Germany treats COVID19 very serious. Every single retailer and restaurant will definitely check your vaccination status. You have to be fully vaccinated (with Germany approved vaccines) with 6 months of validity. You can consider this like a “passport / Trace Together” to be checked before entering any facilities.

FFP2 Mask

FFP masks are “filtering face piece”. It is a European standard for mask efficiency, ranging from one, the lowest grade, to three, the highest. Some hotels or tourist attractions will need you to wear a FFP2 graded mask before you can be allowed in.

It is very similar to America’s N95 or China KN95.

Is it worth it to travel to Germany FFP2 mask
Is it worth it to travel to Germany FFP2 mask

I wasn’t sure how strict Germany will be so I bought the FFP2 mask from Shoppe that bore the wording FFP2 on the mask. I bought 10 FF2 masks for 10 days. However, 2 of them was faulty. Luckily, it is generally quite easy to buy a mask in Germany. The box I bought cost $16 for 20 pieces.

German Rail Pass

This is the least complicated of them all. You just have to check if buying single train tickets are worth it or buying a rail pass.

Is it worth it to travel to Germany Rail Pass
Is it worth it to travel to Germany Rail Pass

If you are travelling inter cities, you might be thinking if it is worth it to get a German Rail Pass. A German Rail Pass is like an “unlimited” travel pass that you can use to get yourself around. The German Rail Pass allows you to travel on Deutsche Bahn trains (U Bahns are not part of the DB series). It will get you to most places. It is generally worth it if you plan to travel to more than 3 cities (with a combination of Frankfurt, Cologne, Munich, Heidelberg, Stuttgart, Hamburg, Berlin). It is quite flexible and you can choose if you want it for 3,4,5,7,10,15 days consecutive or selected travel dates version.

I paid $325 (for myself) for a 10 days consecutive German Rail Pass Twin Pass. Simply print a copy of Rail Pass before going to Germany.

Travelling In Germany

That’s all the heavy lifting you need to do before going to Germany.

At the time of travel (Dec2021), we did not need to do any COVID-19 test to go to Germany (Check the latest here). It would be good to familarise yourself with the 3G, 2G and 2G plus rules in Germany. In most cases, you will see 2G more often, this means that you have to be fully vaccinated or recovered from COVID-19. In most cases of Singaporeans, you will be fully vaccinated already. Simply show your vaccination proof and your passport to be allowed in.

You will also need to wear a mask when you are indoors (trains, shopping center).

The restaurants do not practice safe distancing (which was strange to us). It tends to be a squeezy at times. On the bright side, the food portion is huge and affordable. Order as you deem fit.

Is it worth it to travel to Germany Food Cost
Is it worth it to travel to Germany Food Cost

VTL Preparation into Singapore

This worried us the most as we needed to do a Pre-Departure test before coming back to Singapore. When we first booked the air ticket, the requirement was to do a PCR test which cost around 70Euros.

Germany To Singapore Pre Departure COVID Test VTL
Germany To Singapore Pre Departure COVID Test VTL

However, when we re-checked the website, we realised that PCR OR ART was allowed for Germany (Category II). Although apprehensive, we decide to wing it and take the ART which cost 8.5Euros instead. Talk above massive savings!

We did our test at Zentrum. You should be able to find a COVID test center quite easily in Germany. Please remember to go to a center which will be able to provide you a test certificate showing negative results. In our case, the results came after 1 hour (phew).

You will then need to do a E-Health Declaration and book a PCR test upon arrival in Singapore (SGD$125).

Back To Singapore

We were very fortunate to be the batch that require us to go for 7 days of ART test. On the on the third and seventh days, the tests will have to be done under supervision at a combined test centre. After being tested negative, we can proceed out to do our daily activities.

Fortunately, it wasn’t very expensive. 5 days of test kits cost around $25 in total and the 2 days of ART supervision cost $30. In total, this is an extra $55 that we didn’t see coming.

Conclusion

The whole trip costed around $3000 per person. Transport costed the most as airticket and the rail pass was the most hefty item. Accommodation was the second on the list. I found the hotel rates pretty similar as compared to before COVID so book according to your requirement.

I find that budgeting around SGD$100 for daily meals (with beer) is quite reasonable. You probably will have some extra to get some presents.

If you are planning to do skiing, it is not the cheapest activity but it will definitely be worth it.

There is a “new norm” COVID related expense at 6.3%. These includes my FFP2 mask, the PCR test and various ART test.

Is it worth it to travel to Germany Total Cost

Is it worth it to travel to Germany Total CostSomebody asked me if given the choice again, will I travel to Germany?

The answer is a resounding yes. Germany is a country that treat COVID seriously. The streets are generally safe and people are friendlier than Singaporeans (I will use myself as a basis point). It is nice to try different food and walk in a different street once in a while. Overall, I enjoyed myself very much and look forward to your experience overseas.

Lastly, take note that COVID rules have changed before and are very likely to change again in future. Please check the latest requirements and let this article serves as a general guide.

Safe travels.

Is it worth it to travel to Germany 2021
Is it worth it to travel to Germany 2021

Chengkok is a licensed Financial Services Consultant since 2012. He is an Investment and Critical Illness Specialist. Wealthdojo was created in 2019 to educate and debunk “free financial advice” that was given without context.  

Feel Free To Reach Out To Share Your Thoughts.

Contact: 94316449 (Whatsapp) chengkokoh@gmail.com (Email)
Telegram: Wealthdojo [Continuous Learning Channel]
Reviews: About Me

The views and opinions expressed in this publication are those of the author and do not reflect the official policy or position of any other agency, organisation, employer or company. Assumptions made in the analysis are not reflective of the position of any entity other than the author.

The Great Debate Credit Card Or Debit Cards

The Great Debate: Credit Card Or Debit Card

The Great Debate Credit Card Or Debit Cards
The Great Debate Credit Card Or Debit Cards

I have never owned a credit card. Despite credit card companies having great promotions, I felt that it was simply a gimmick to go down the slippery slope. I personally saw how close friends (educated poor) raked up over tens of thousands of debts because of these shiny cards. My Telegram channel where I share one financial tip a day also know I shut this off totally.

Until 2021, this year I applied for my first credit card while doing research on how to save on big ticket purchases.

So what changed? I want to share a new perspective of what I learnt this year and hope this can somehow change your news on these cards in our wallets.

What is a Credit or Debit Card?

Both credit and debit cards have made it easier and more convenient to do purchases whether it is online of in stores. There is one key difference.

Credit Cards: It allows you to borrow money from the card issuer up to a certain limit to purchase an item or withdraw cash.

Debit Cards: It allows you to draw money that you have deposited in the bank.

Basically, credit card uses other people’s money and a debit card uses your money.

I want to draw on 3 points for you to consider before you make a decision for yourself.

#1: Responsibility

Do you have spending issues? Trust me, I met people who have and they were the ones who encouraged me to write The Ultimate 4 Quadrants Shopping Guide. They have been using it like a bible since then. I do think it is important to know and accept what kind person we are. It is only with this knowledge and acceptance that can allow us to create a solution for you.

Often, I see people who denies or dismiss their true self makes their debts even worse.

For people who have spending issues, get a Debit Card.

#2: Benefits

If you are well disciplined with your finances, you may explore what benefits Credit Cards have. Some offers cashbacks while others offers miles. Some might give you a luggage or even upfront cash when you sign up! This is quite straight-forward.

It is a hands down win for Credit Card here. The only thing you have to make sure is to pay it all up before your interest comes in.

#3: Security

I truly appreciate this a few years ago when I received an SMS from OCBC saying that $3000 has been deducted from my debit card. This message was received when I was in office attending a training and I don’t have any transaction of that size. I logged into to my OCBC account to verify and indeed the amount was deducted. To tell you the truth, I felt nausea when I received the sms.

I have long lost that SMS but I have found something similar from Stomp.

The Great Debate Credit Card Or Debit Cards Security
The Great Debate Credit Card Or Debit Cards Security

I immediately dialed for OCBC. For what felt like decades (for those of you who have called the bank before, you would know how long it took), a customer service representative replied. I appreciated the representative was clear and calm. He advised some paperwork, asked me to dispose of my current debit card and arranged a new one to arrive in a few working days.

However, he was hesitant when I asked when I will receive the $3000 back. He mentioned the bank will do the appropriate investigation and will take a few weeks before the amount will be back in my bank again.

Eventually, I did get my $3000 back in my account. It took slightly lesser than 2 weeks. However, I felt worried all the time.

Credit cards on the other hand, serves as a border between your personal money and the transaction. In an event of an identify theft or stolen card, it will be less stressful as it is technically not your money. I never truly appreciated the value of Credit cards until this happened.

Final Thoughts

I have 1 credit card which I used mainly for my transactions. I reap some benefits by getting cashbacks from my transaction and yes, I do make sure I pay on time.

Which will you choose? Credit cards or debit cards? Let me know in the comments below.

Chengkok is a licensed Financial Services Consultant since 2012. He is an Investment and Critical Illness Specialist. Wealthdojo was created in 2019 to educate and debunk “free financial advice” that was given without context.  

Feel Free To Reach Out To Share Your Thoughts.

Contact: 94316449 (Whatsapp) chengkokoh@gmail.com (Email)
Telegram: Wealthdojo [Continuous Learning Channel]
Reviews: About Me

The views and opinions expressed in this publication are those of the author and do not reflect the official policy or position of any other agency, organisation, employer or company. Assumptions made in the analysis are not reflective of the position of any entity other than the author.

Expensive Looking Bed

How To Save On Big Ticket Purchases

It is ironic for a finance blog to write about spending money when it is supposed to preach about saving and growing money. Recently, I had a friend who just purchased a bed for SGD$7000. This IS a lot of money for a bed. Personally, I think it is a good purchase because we will spend a good 30% of our lives on a bed. I believe it is a great investment.

Expensive Looking Bed
Expensive Looking Bed: Obviously not this bed.

For those who wishes to read about how I spend my money, you can read one of my best article: The Ultimate 4 Quadrants Shopping Guide Especially If You Are 28 and Older.

In my research, I present to you one way to save money on big ticket purchases.

Disclaimer: This is not a sponsored post. All information accurate on 7 Jan 2021. If you feel the information has been helpful, I have referral bonus for Citibank.

 

Big Ticket Purchases

To clarify what big ticket purchases in this context, these are items that are often necessary but expensive. We are looking at a couple of categories such as the following.

Furniture: Bed, sofa, chairs, tables etc

Home appliances: Oven, fridge, standing lights, TV, fans, air-con etc

Work/Electronic appliances: Laptop, headset, smartphone etc

Travel: Air ticket

These items typically ranges from hundreds of dollars to thousand of dollars. They are usually pre-planned (why would you buy a sofa suddenly?). The most common would be laptop and smartphone. After doing a survey, I realised there is a trend to change them every (approx) 3 years. Because of the predictability and the large amount, we can make use of one tool in the market to help us.

Cashback on credit cards. 

Those who have been following me for a while know that (1) I’m a cashback person and not a miles person, (2) I don’t really like the concept of credit cards in my journey of wealth management. However, if the credit cards can be used for one off purchases such as the above. I think it is well worth it. I hope these 3 credit cards can help you. Once again, this is not a sponsored post.

 

#1: Citi Cash Back+

I will be straightforward. The one thing that attracted me to this card is the generous cashback.

  1. 1.6% Cashback for on all your spend
  2. No minimum spend required & no cap on cash back earned
  3. Get 4.5% cash back on up to S$5,000 spend (up to S$225 cash back) in the first 3 months.

This means that if I have a predictable spending of at least $5000 coming up. I get a 4.5% cashback on this card.

If you think this is good for you, I would appreciate if you can use my referral link: My Referral Link.

Please check out the T&C on the website for more details.

Citibank Cashback Plus
Citibank Cashback Plus

 

#2: Amex True Cashback

Amex is one company whose customer service seems to be on the highest level. Although I have never used their services, I do hear raving reviews from them.

  1. 1.5% Cashback on all purchases
  2. No minimum spend required & no cap on cash back earned
  3. 3% Cashback on up to S$5,000 spend in the first 6 months.

I rank this number #2 because of the lower cashback amount and also AMEX may not be accepted in some places in Singapore.

Please check out the T&C on the website for more details.

American Express True Cashback Card
American Express True Cashback Card

 

#3: HSBC Advance

HSBC comes in number 3 due to the conditions needed for the cashback.

  1. Up to 3.5% cashback
  2. Limited privileges with Entertainer.
HSBC Cashback
HSBC Cashback
HSBC Advance Credit Card
HSBC Advance Credit Card

Please check out the T&C on the website for more details.

 

Final Thoughts By Wealthdojo

A credit card is like a double edged sword. Use it well, it will serve you well. Use it badly, it will come one round and hurt you. We wish you the best of luck in 2021. I appreciate your support and thank you if you were to sign up the Citibank card because of this website (there are no obligations). This is my referral link again: My Referral Link.

If you are thinking whether credit cards will be disrupted, you can read my article on bitcoin and whether it is too late to invest in it. .

Till next time.

 

Chengkok is a licensed Financial Services Consultant since 2012. He is an Investment and Critical Illness Specialist. Wealthdojo was created in 2019 to educate and debunk “free financial advice” that was given without context.  

Feel Free To Reach Out To Share Your Thoughts.

Contact: 94316449 (Whatsapp) chengkokoh@gmail.com (Email)
Telegram: Wealthdojo [Continuous Learning Channel]
Reviews: About Me

The views and opinions expressed in this publication are those of the author and do not reflect the official policy or position of any other agency, organisation, employer or company. Assumptions made in the analysis are not reflective of the position of any entity other than the author.