At a Glance

Financial planning, such a daunting task but a necessary one. Whether your end goal is to go on a year-long adventure around the globe, pay off your student loans, save up for a house or simply quit your 9-to-5 and pursue Eat, Pray, Love - you need to plan your finances.

Sure, you can pay a financial planner to do it for you. Or you can do it yourself, save the money and plow it back into growing your wealth. If you’re game to DIY, then wise-up with these articles and consider the options we have put together so you can reach financial freedom.

 

Start your financial education

A guide to financial planning: Do your eyes glaze over financial planning jargon? Here’s a quick guide to simplify the lingo and unscramble financial planning.

3 steps to kickstart your financial planning: Have life goals you want to reach? Here’s how you can get started on financing that dream!

Budgeting discipline: To master your own life, start by honing your budgeting skills. It can help you stretch your hard-earned dollars so you can achieve your financial goals sooner.


  1. Understanding debt: types of loans, calculating interest spend (coming soon!)
  2. Getting out of the debt trap (coming soon!)
  3. How to use debt wisely as a financial tool (coming soon!)
  4. What is credit rating and how it impacts me (coming soon!)

Save

Emergency funds - how much is enough: The conventional thinking on this ranges from 3 months to 6 months of income. Read more on how to adjust the amount of savings you need and also why sitting on too much cash might not be great.

Earning interest vs pressure of inflation: Did you know that money left in a savings account loses value over time? The expected rate of inflation is about 2% per year. Meaning that in 20 years, S$100,000 will buy you less things because of the 33% loss in value.

Protect

Why protect: Insurance is a quintessential financial product that everyone needs to have. Unfortunately, despite its importance, many of us delay getting one due to the perception of it being complicated. Read on as we demystify life insurance.

Different policies and what you need: You know you ought to get insurance coverage, but there are just so many different plans covering a variety of needs. What are they, what do they mean, and when should you buy them? Read this guide to figure out the different protection plans on the market.

Why insurance should be a part of every financial plan: Here’s why insurance should be part of every sensible financial plan.

Growing Wealth

Investment lessons from star wars: Whether you are a rookie investor or a seasoned commander of your own investment destiny, be aware of these psychological traps.

How to start: Want to build your first million? Here are five things that can get you started.

Investment approaches: Here are 5 habits of effective investors.


Home

What to consider when buying a home: You may have found a great job and are making all the right career and financial moves. The next step to adulting could be buying your first home. Here’s how you choose one.

Home loan repayment considerations: If you need a loan, which home loan package should you apply for? Here is a quick guide to help you decide.

Stamp duties, property and other common terms decoded: Our comprehensive list of property-related jargon will help you make sense of all the common terms when buying a home.

Retirement

How do you envision your retirement: If you plan to retire at a certain age and with a certain sum, it’s important to start as early as possible. Here’s what a good retirement gameplan looks like.

CPF, SRS and the kueh lapis theory: Think of your retirement needs as a kueh lapis, the quintessential local snack made up of layers. Learn how to divide that kueh into layers and plan for different instruments to take care of each need.

 

Time to take action

Here are some financial tools and solutions you can use to jump-start your journey to financial freedom.

 

Your Financial GPS:

  • Actively analyses your financial health to offer personalised suggestions so you don’t have to think that hard.
  • Your Financial GPS also helps you navigate change and leverage opportunities throughout your financial journey.

Learn more

NAV:

  • Inspired by the word navigate, NAV is here to help you on your financial journey.
  • NAV provides you with a holistic financial tool (Financial GPS), a helpful team to answer your money-related questions, a community of like-minded individuals (NAV community), and a whole lot of articles, videos, podcasts to guide you to achieve your financial goals

Learn more

FLY:

  • Bringing you closer to your financial goals, FLY (Financial Literacy for You) is a collaboration between DBS and SGX to put financial education and resources at your fingertips.
  • Get exclusive access to interactive investment events and a treasury of materials to enrich your investment knowledge to help you along your investing journey.

Learn more


DBS Multiplier Account

  • Multiply your money now with higher interest rates of 1.55% - 3.8% p.a. on bigger savings up to S$100,000.
  • No minimum salary credit or credit card spend.
  • Transact in more categories like credit card spend, home loan instalments, insurance and investments to earn higher interest rates.

Learn more

DBS Invest-Saver:

  • Grow your money with Singapore Bonds or Blue Chip Stocks from just S$100 a month.
  • Invest through iBanking anytime, anywhere. No securities trading account or CDP account required.
  • Change your investment amounts without incurring a fee.

Learn more

Footnotes
This advertisement has not been reviewed by the Monetary Authority of Singapore.

Disclaimer for Investment and Life Insurance Products & DBS Insurance Important Notes

 

Book an appointment today

More questions? Make an appointment to speak with our friendly Wealth Planning Managers now.

Contact me

Explore more

Thank you. Your feedback will help us serve you better.

Was this information useful?

That's great to hear. Anything you'd like to add?
We're sorry to hear that. How can we do better?
Enter only letters, numbers or @!$&-/()',.