Do you know how much you spend every month?
If you are looking to grow your net worth and achieve your financial goals, it is crucial for you to know your income, expenses and savings.
We were curious to see how well Singaporeans know their personal spending each month. We surveyed 984 adults aged 18 and above about their spending habits.
Here’s what we found.
Read moreSurvey: 52% of adults in Singapore have no idea how much they spend every month
Death can be a sensitive topic in Singapore.
But does it need to be that way?
The hard truth is that every single one of us will die at some point of time. The question is when.
I could very well drop dead while typing this or live beyond the average life expectancy.
Who knows?
Questions we should be asking ourselves:
The odd feeling is that when we realise and accept that death is 100% guaranteed and can happen at anytime, we start to appreciate the time we have left and lead a more purpose-driven life.
Because every single moment counts.
But for now, let’s look at some statistics and facts on deaths in Singapore.
Read on!
Read more11 Insightful Death Statistics in Singapore (Updated for 2021)
Death is an inevitable part of life.
It is a natural process when a person’s life comes to an end. However, the loss of a loved one is painful, regardless of age or cause.
In Singapore, the death rate (age-standardised) has been declining and reached its lowest point in 2020 at 2.8 deaths per 1,000 residents.
What caused these deaths?
This article provides information about the top 10 causes of death in Singapore, as reflected in the latest statistics.
So, read on!
Read moreThe Top 10 Causes of Death in Singapore (Updated for 2021)
We all know that death is unpredictable (unless you seek it).
You could live to be a centenarian (someone who lives till 100 years old) or have a shorter life than normally expected.
Who knows..
But today, we’re going to look at the data which shows us the chances of death happening by the next year, based on age and sex.
So, read on!
Read moreThe Probability of Dying Within One Year by Age and Sex (Singapore)
Check your financial health (net worth) by taking what you own (assets) minus what you owe (liabilities). Here’s a free online net worth calculator to make that easy for you.
Why do some of us find it hard to save money?
Is it because of our saving and spending habits? It can very well be.
We must exert control over them and not let them control us.
One way is to build a budgeting plan to manage your personal finances. It takes into consideration your monthly income, amount of savings/investments you intend to set aside and expenses – necessities and wants.
While it may seem like a chore (which it isn’t), its usefulness will go a long way.
Doing this will ensure you can save more and spend less.
So, let’s find out how to budget money effectively!
Read moreHow to Budget Money: 7-Step Process to Save More in Singapore
Use our free monthly budget and expense calculator to save more and spend less.
Planning for your retirement in Singapore is not an easy task, especially when you’re just starting out.
Where do you even start?
No worries, it only gets better when you put more bits and pieces together.
To see the full puzzle, that’s where this introductory guide to retirement planning comes in..
This guide serves to give the skeletal big picture. To explore even deeper, you can click on the relevant links in the various sections.
Let’s begin!
Read moreHow to Plan for Retirement in Singapore (Introductory Guide)
When you start to plan for your retirement, the first thing you’d want to do is understand how CPF works.
But with constant improvements made to the CPF system over the years, rules have been changing.
Because of these changes, there’s a lot more information out there, which causes clutter.
Even so, it’s still not an easy task, and that puts people off.
That’s why this guide is created to provide only the meat of the dish, and stripping away the potatoes and veggies (they’ll still be addressed in other articles).
So, let’s find out how CPF for retirement works!
Read moreCPF for Retirement: How Does It All Work? (A Simple Guide)
Retirement is bound to happen, whether you like it or not.
Even if you love what you’re doing and don’t intend to retire, there comes a point in time when old age or bad health catches up.
If you didn’t set aside a sum of money to live on, it can be a struggle.
Thankfully for Singaporeans, there’s the Central Provident Fund (CPF).
And whether you’re a working adult or soon-to-be retiree, you’d have thought about this: “is my CPF enough for retirement?”
Can you solely rely on what CPF provides for you in your golden years, or do you have to do more?
Let’s find out now.
Read moreAre the CPF Schemes Enough for You to Retire in Singapore?