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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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10 financial tips for 2021: Wondering how you can plan for a more secure financial future? Get these 10 tips today from Lorna Tan, Head of Financial Planning Literacy at DBS Bank. |
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How to grow your money and make it work for you: Financial planning sounds scary, but really, it doesn’t have to be that intimidating. Here’s your quick guide to financial planning. |
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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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Savings – Lifeline in emergencies, door to lifestyle choices: The general rule of thumb is to set aside 3 to 6 months of emergency funds. However, we all have different needs and lifestyles. Find out how you can apply this to your own unique situation. |
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Earning interest vs pressure of inflation: You probably know how inflation works. What used to cost S$1 ten years ago will cost you S$1.33 today. The question is, are you doing enough to grow your money while you save? |
Protect
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Why is insurance important in financial planning? Insurance plays an important role in financial planning, yet many of us tend to neglect it. Find out how you can plan for it. |
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Insurance needs for different life stages: The tricky thing about insurance is that it is never one-size-fits-all. If you are not sure about what type of insurance to purchase, it might be helpful to look at it from a life-stage perspective. |
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Guide to health insurance in Singapore: How can you tell the difference between the many types of health insurance available? This article will help you understand. |
Growing Wealth
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Psychological traps to avoid when investing: Are your investing decisions guided by facts, or are there psychological traps that you could be blind to? Here are four common ones you should know about. |
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How much do you really need to start investing? Definitely not in the millions. Find out what are the five things that can help you get started. |
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5 investment ideas for 2021: The New Year often brings with it renewed hopes and aims. In the same vein, it is often a time to review investments and consider taking on new opportunities in the markets and investment ideas. |
Achieving milestones
Home
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What to consider when buying a home: Buying your first home is a milestone of adulthood in Singapore. How do you go about doing this? We’ve summarised the key criteria and answers for you, whether you’re looking at a BTO, resale flat, or private property. |
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The real costs of buying a house: The last thing you want in this exciting new chapter of your life is to be blindsided by unexpected costs. This article tallies up the potential costs of buying your first home so you can be prepared for what it’ll take. |
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Home loan matters: Should you opt for an HDB or bank loan? How much is the down payment? And what on earth are LTV, MSR and TDSR?! This article helps you tackle the home loan issue in a systematic manner. |
Retirement
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Why still save for retirement during tough times: It’s likely that many of us have put this on the backburner in favour of the current pressing needs. If planning for your retirement is not yet on your to-do list, or you’re starting to lose steam, here’s why we should still save for retirement despite tough times. |
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Think about your retirement in phases: One way to see how much you need to retire, is to look at it in terms of the lifestyle you have become accustomed to. Here’s how a time-segmented bucket strategy can help you retire well. |
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How to start planning for retirement in your 30s, 40s & 50s: Daunted by everything about retirement you’ve read so far? Here’s what you can do while figuring out your gameplan. |
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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DBS NAV Planner:
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DBS NAV University:
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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
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