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Your one-stop click to financial freedom
Your one-stop click to financial freedom
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
Getting Started
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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. |
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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! |
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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. |
Managing Debt
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Understanding debt - types of loans, calculating interest spend: Thinking of taking up a loan? Educate yourself on the different types of loans to find the right one for your needs. |
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Getting out of the debt trap: Snowballing interest can cause debt to spiral out of control, leaving you in a debt trap. Read more to find out how you can get a leg up on debt. |
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How to use debt wisely as a financial tool: Debt can be a friend but it can also be a foe if you don’t use it wisely. Here’s a quick guide to keep that friendship with debt. |
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What is credit rating and how it impacts me: Did you know that your credit score determines the loan rates financial institutions provide you? Know how they grade you so that you can improve your credit score! |
Save, Protect & Grow Wealth
Save
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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. |
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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
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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. |
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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. |
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Why insurance should be a part of every financial plan: Here’s why insurance should be part of every sensible financial plan. |
Growing Wealth
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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. |
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How to start: Want to build your first million? Here are five things that can get you started. |
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Investment approaches: Here are 5 habits of effective investors. |
Achieving milestones
Home
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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. |
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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. |
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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
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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. |
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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.
Financial Planning Tools
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Your Financial GPS:
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NAV:
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FLY:
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Financial Solutions
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DBS Multiplier Account:
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DBS Invest-Saver:
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digiPortfolio:
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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
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