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Posts tagged: Financial Matters

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August 21, 2023
by Understanding Careshield

Retiring Gracefully; Here Are Some Financial Tips For You!

With the changing dynamics of dating and marriage, more Singaporeans are opting to remain single. Whether by choice or need, being a single retiree comes with its own set of advantages and disadvantages, not the least of which is the need for cautiou ...

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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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April 24, 2023
by Understanding Careshield

Five Effective Ways To Manage Debt With The Rising Inflation

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 ...

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April 17, 2023
by Understanding Careshield

5 Reasons Why Singaporeans Need Mortgage Insurance

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 ...

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April 10, 2023
by Understanding Careshield

An Overview Guide on Endowment Insurance Savings Plans in Singapore 2023

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 ...

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March 27, 2023
by Understanding Careshield

Is It Necessary to Have an Emergency Fund (And How Much Is Enough)

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 ...

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March 20, 2023
by Understanding Careshield

Is It Too Expensive to Live in Singapore? : An Overview of Singapore’s Expenses in 2023

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 ...

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