When we talk about inflation, we're talking about the general propensity for prices to rise over time in one’s economy. This means the purchasing power of money decreases, leading to price hikes. Inflation can have serious consequences for your finan ...
Purchasing a home is an enormous financial commitment, and it's also one of the biggest assets most of us will ever have.Our home loans are designed to last a lifetime. However, a lot of changes can occur in that time frame. Uncertainties, such as b ...
In a thriving economy, inflation is inevitable. Prices for consumer goods and services are expected to rise.Your liquid cash in the bank will lose value if you don't make any actions to preserve or grow it. One day, you may find yourself short of mo ...
The ElderShield severe disability insurance program was launched in 2002 by the Ministry of Health (MOH).If you are a Singapore Citizen or a Permanent Resident (PR), you will be automatically enrolled in the scheme after you reach the age of 40. Arou ...
Throughout the second half of 2020, HSBC surveyed 1,200 Singaporeans as part of its FinFit Index study to reveal more about the financial habits, knowledge, and financial security concerns in Singapore. These results, which were published earlier thi ...
Singapore, also known as the Lion City, ranks among the world's best cities. This city is well-known for its abundant traditions, culture, and employment prospects. For this reason , people from all over the world who are in pursuit of new experience ...
Today's parents often have excellent organizational skills.Many Singaporean parents, in addition to covering the basics, place their child on a waiting list for the top preschools and enrichment classes, and some even establish their own high quality ...
Many people in Singapore are too busy with the day-to-day grind to deliberately carve out time for future-focused pursuits like financial planning.A survey conducted by St. James's Place Financial Management Asia found that 41% of Singaporeans do not ...
One of the biggest worries of Singaporeans is whether or not they'll have enough funds to retire comfortably.Opening and investing in a Supplementary Retirement Scheme (SRS) account can be part of your long-term investment strategy if you're one of t ...
The majority of us put off retirement planning until later in life. However, this may be a bad idea because plans take time to yield fruit, and getting a head start is one of the best ways to make that happen.The Straits Times (2021) reports that man ...
