As an NTUC Social Enterprise, MoneyOwl has inherited a legacy of doing social good and caring for the community. We care about helping ordinary Singaporeans manage their money well so that they can reach their life goals. In light of Covid-19 and the recession, our social mission is even more important now. MoneyOwl has thus […]
If you were asked to key in your life insurance premiums into a budget worksheet, how would you classify it – as an expense, saving or investment? If your insurance plan has a cash value, you might treat it as savings. If your insurance plan buys units in a unit trust, you might treat it […]
In the last few articles, we learnt that it is hard to predict the markets and while it’s possible for some people to sometimes outperform the market, it is difficult to do so consistently. And the reason for this is because markets are efficient – it represents the information that millions of buyer and sellers […]
Imagine you have won a pair of limited-edition Nike sneakers in a lucky draw but want to sell it on Carousell. Since you are unaware of its real value, you set the price at $80. Someone who works at a Nike Shop who knows that it is worth at least $300 in the market, would […]
For most of us, buying insurance isn’t exactly a conversation starter and for some, it could conjure up negative feelings, depending on how you think about insurance. Nevertheless, it is an important topic as it sets the foundation of our financial plans and approaching insurance wrongly could set us up for future financial difficulties. Hence, […]
Some people think that investing is like gambling or buying lottery – to win you need to guess correctly and bet on the winning number(s). Some go the extra mile of compiling the past winning numbers so as to predict what the next set of winning numbers will be. Depending on your investment approach, this […]
Start Planning Early There is an immense joy that comes with parenthood. While we savour the joy our children bring into our lives, we are also constantly thinking about their futures. In particular, their education is the biggest concern and is a major financial commitment. Decide How Much to Save Before deciding which product to […]
If you have not heard, all insurers would have to adopt the new 2019 Critical Illness (CI) definitions set out by the Life Insurance Association Singapore (LIA) from 26 August 2020. The new 2019 definitions are more specific and have added exclusions. For Major Cancers, it requires more evidence and it excludes more minor cancers. […]
Unless you’re a medical practitioner or a healthcare worker, you’re unlikely to have studied the definitions of critical illnesses in your insurance policy. These definitions play an important role in determining whether you are eligible to claim from your policy in the event you are diagnosed with an illness so it is worth some of […]
