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!

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Use our free monthly budget and expense calculator to save more and spend less.

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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!

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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!

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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.

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The statutory retirement age in Singapore has been changing over the years.

It’ll get pushed further in time to come.

Although you should always plan for your own retirement (which includes the age you wish to retire), these changes do matter because they may affect your retirement planning.

What are the changes and how do they affect us?

Read on to find out!

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Saving money requires disciplined action or inaction (not spending).

If you’re saving for retirement, that takes years of monk-like patience and commitment.

But through it all, the act of saving just doesn’t cut it.

Your savings should be put into better use, right at the very beginning.

So, here are some of the best investments you can make for retirement, ranging from the most secure to the riskier ones.

Read on!

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By now, many Singaporeans would’ve known the importance of planning for their retirement.

However, it’s still a huge topic which consists of many moving parts.

Because of that, it can be difficult to get started as there’s no easy plan of attack.

So today, you’ll gain some perspectives on how to create an investment strategy for retirement purposes.

Read on!

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Use this compound interest rate calculator to marvel at the power of compounding.

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If you’re a high net worth individual, you might’ve heard about the universal life insurance.

It’s generally more complex than the regular insurance plans, and it’s not that straightforward.

But it could be something to consider if you’re looking to maximise the wealth you’ve accumulated and leave a legacy.

So, read on!

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