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Posts in category: Financial Matters

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October 16, 2023
by Understanding Careshield

Securing Your Future: The Crucial Role of Insurance in Navigating Singapore’s Sandwich Generation Challenge

Singapore's rapidly aging population, coupled with delayed family planning, has led to an increasing number of individuals finding themselves in the Sandwich Generation. With life expectancy on the rise, the elderly are living longer, but not necessa ...

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September 25, 2023
by Understanding Careshield

Women’s Financial Planning At Various Phases Of Life

Understanding the importance of planning for women is essential. Women are more likely to live longer given that they have an average lifetime of 86 years, which is about 5 years longer than that of males. This emphasizes the importance of making lon ...

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September 18, 2023
by Understanding Careshield

Effects of Divorce on Finances in Singapore

According to the data from the Ministry of Social and Family Development (MSF), a greater proportion of married couples here in Singapore are divorcing. There have also been reports of divorce in other parts of the world, particularly after the Covid ...

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September 11, 2023
by Understanding Careshield

Healthier Living And Home Care Expenses

Did you know that by 2026, one in five Singaporeans are expected to be 65 or older, making the country a "super-aged" society?This is a huge change that calls for innovative solutions to meet the healthcare requirements of an increasingly elderly pop ...

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September 4, 2023
by Understanding Careshield

Managing Health-Care Costs

Nobody looks forward to getting sick and needing medical care in a hospital. The only thing on your mind is getting better and back to full health when it takes a toll on your body. During this moment, though, another important issue arises: the bill ...

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August 17, 2023
by Understanding Careshield

How Do You Retire Early?

Many people's ultimate goal in life is to retire early. It means having the option of continuing to work past the age of mandatory retirement. In Singapore, if you want to retire legally, you need to be at least 63 years old. Planning ahead and bein ...

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July 31, 2023
by Understanding Careshield

How Much Cash Should Be Kept On Hand For Emergency Fund?

The comfort that comes from knowing you have enough money to get by when life throws you a curveball is immeasurable.That's why it's crucial to have some money set aside in case of an unexpected expense. In the event of an unexpected financial setbac ...

The Importance of Planning Ahead for a Severe Disability and How It Pays (1)
July 24, 2023
by Understanding Careshield

Things To Think About When Purchasing A Second Home

Inflation has been in the spotlight for weeks, and more rate hikes are expected in the coming months. If you've been thinking about buying a second home, it might be a good time to start planning for it now, since a rise in interest rates could lead ...

The Importance of Planning Ahead for a Severe Disability and How It Pays
July 17, 2023
by Understanding Careshield

How To Increase Your Wealth: 6 Different Income Streams You Can Develop

You may have noticed prices rising in Singapore unless you've been living in a hut in the Mandai forests and growing your own food. The Consumer Price Index (CPI), which measures overall inflation in Singapore, increased to 7.5% year over year (y-o-y ...

The Importance of Planning Ahead for a Severe Disability and How It Pays (3)
July 3, 2023
by Understanding Careshield

The Unseen Costs of Providing Family Care

Most Asian families are extended, where people live together with their parents and grandparents. However, as we live with our parents, we may notice that they also age alongside us.So, eventually, we may have to shoulder the expense of caring for bo ...

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