DBS Young Adults | DBS Singapore

All you need to
succeed in life’s firsts

At a Glance

Straight to the point

Get no-nonsense advice from our experts.

Learn as you go

Boost your financial knowledge to reach your goals.

Level up your life

Achieve life’s firsts with confidence.

#Adulting can be overwhelming – we get it! But from doing what you want to buying what you want, it isn’t so bad now that you’re the master of your own universe.That’s probably why 71% of young adults feel that financial planning can help them do the things they enjoy. But only 27% think about talking to a financial planner as part of adulting!That planning is important, though. It’s where the real fun comes in as you start reaching your major milestones in adult life. So let us help you level up with your important firsts, guiding you to navigate your doubts so you can boldly enjoy your firsts as you grow with DBS.

Click on a first to find out more!

Looking for advice?Get regular bite-sized money advice on our Telegram channel or meet like-minded people at The Burrow, the community for financial literacy. You can even leave your details here for a one-to-one chat with our staff:Contact us

First Financial PlanIt doesn’t have to perfect; you just need to get started! Not sure where to start? Not to worry. Here are the first three steps to take to get your financial planning going.

Find out if you have enough emergency savings and healthy cashflow based on your spending every month.

Here are a few articles you might find useful:• How to get started on financial planning• Plan your finances entirely online with Plan & Invest tab in digibank• Debunking personal finance myths• Plan & Invest tab in digibank - Supercharged by SGFinDex• What’s in your personal balance sheet?

First InsuranceYou don’t want to waste time worrying about whether you’re over or under insured. Get the right amount of insurance so you can keep on living life the way you want, without worrying about the unexpected.

Here are a few articles you might find useful:• What to ask before getting your first insurance policy• Why do we need insurance• Why insurance is important, and what should I get

First InvestmentInvesting is the key to putting your money to work for you. But you don’t wanna trawl through endless pages of complicated investing jargon to find out what you need to get started.The first step when investing is checking out Plan & Invest tab in digibank. Based on a few simple questions about your investing knowledge and risk preference, Plan & Invest tab in digibank helps you know what investments are right for you.Just to give you a little headstart, here are some of the DBS investment products that are good for new investors.

Find ready-made portfolios for as little as S$1000.

First JobWhen you’re just starting out in the working world, it can be hard to keep track of everything, so you want to know your money is working in the background at the same time!That’s why we’ve put together some options for you, to ensure your idle cash gets off to the best possible start.

Give it a boost of up to 4.1% interest p.a. with a Multiplier Account!

Here are a few articles you might find useful:• Just Started Work? Go Forth and Multiply • Tips to ace that first job • How to land that dream job (plus the dream salary)• Best things to do with your first pay-cheque• 10 timeless principles to increase your income

First HouseNo more sharing rooms or fighting over bathrooms. Now it’s your turn to have a space all to yourself. But the real fun comes in turning that house into a home! Here are the steps to take to get the place you’ve always dreamed of.

Review your loan eligibility and find out what your repayments might look like with DBS Property Marketplace.

Here are a few articles you might find useful:• In your 20s and thinking of moving out on your own? • Buying a home in Singapore• Deciding between a BTO or resale? • How to build your dream home: Your pre-renovation checklist

Here are a few articles you might find useful:• Young parents: Protecting your finances with insurance • 5 Money Saving Tips for New Parents • Young Parents: Planning for finances in the now and future

First TravelIt’s finally time for some R&R! Enjoy a stress-free getaway, all you need to think about is how much fun you’re going to have. Here are the steps to getting you travel-ready!

Enjoy full coverage for unforeseen circumstances before you even take off with TravellerShield Plus. Plus, get automatically covered for COVID-19.

Here are a few articles you might find useful:• 7 nifty ways to fund that dream vacay

Notes:

¹ Source: The Burrow, a personal finance community by DBS (Oct 2020 Survey)
² Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$100,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

All you need to
succeed in life’s firsts

Start with $688 from DBS!

Useful Links

Others

Need Help?

Markets