Financial Matters

Building Wealth in Your Twenties: Mapping Out Your Personal Finances

Recent findings from a Deloitte survey spanning 46 countries have unveiled a concerning reality: nearly half of millennials and Gen Zers harbor deep concerns regarding their day-to-day finances. Among them, one-third grapple with a pervasive sense of financial insecurity, while over a quarter worry over their capacity to secure retirement income.  However, amidst these apprehensions, […]

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Save more with CPF and SRS: A Strategic Guide to Financial Security

The Central Provident Fund (CPF) stands as a cornerstone of financial planning for both Singaporeans and Permanent Residents (PRs), offering a robust social security system designed to address key aspects of life such as retirement, housing, and healthcare. As an employee, contributing to your CPF account is mandatory, serving as a means to build a

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Navigating Heavy Debt: A Practical Guide to Financial Recovery

It’s a common misconception that only extravagant spenders find themselves drowning in debt. Unexpected circumstances, emergencies, or even poor financial planning can lead anyone into a situation of heavy debt. The key is to address the issue proactively and adopt effective strategies to regain control over your finances. In this article, we will explore practical

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Navigating Inflation in 2024: Strategies to Protect Your Finances

Inflation, the rise in the general level of prices over time, is a persistent economic challenge that affects individuals and businesses alike. As inflation reaches record highs and the cost of living continues to surge, we find ourselves facing a formidable financial challenge. Ballooning expenses and sluggish income growth create a daunting scenario, but amidst

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Making Financial Planning Simple: A Beginner’s Guide

Financial planning is a crucial aspect of managing your money effectively and achieving your long-term goals. While the idea of financial planning might seem daunting, especially for beginners, breaking it down into simple steps can make the process more manageable and less intimidating. In this guide, we’ll explore key principles and steps to help you

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Maximizing Your Savings Effortlessly: Strategies for Higher Interest Returns

Following the Covid-19 pandemic, we witnessed negative inflation, a slowdown in growth, and market stimulus from central banks. Consequently, from 2020 to 2021, interest rates were kept low and, in certain situations, negative. However, in 2022, monetary policy decisions were made by central banks to increase interest rates due to ongoing inflation in the world

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Debunking Personal Finance Myths: Navigating the Truths for Financial Success

Personal finance is a topic that affects everyone, yet it is often clouded by myths and misconceptions. These myths can lead individuals astray, hindering their ability to make informed decisions about their money. In this essay, we will debunk some prevalent personal finance myths, shedding light on the truths that can pave the way for

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Maximizing Your Retirement Income: 4 Key Insurance Plans in Singapore

Many Singaporeans are beginning to realize how “expensive” retiring is. The need for adequate income during retirement is a concern and a priority because it is likely that the cost of funding your golden years will rise due to inflation and higher living standards. We are likely to want to travel more when we are

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Comprehensive Insurance Checklist for Couples Embarking on Marriage in Singapore

Getting married is a momentous occasion, marking the beginning of a lifelong journey together. Beyond the vows, celebrations, and newfound companionship, marriage brings about significant financial and legal implications.  In Singapore, a city known for its vibrant culture and diverse population, it is essential for couples embarking on this exciting chapter of their lives to

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