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 […]
Back in September 2018, NUS released a study on The Straits Times that discussed the effectiveness of government policies in increasing Total Fertility Rate (TFR) in Singapore. The authors found that the estimated cost of raising a child in Singapore from infancy to age 21 across the 30th, 50th and 70th percentiles of household income […]
Introduction In this article, we will focus on the cost of tertiary education in Singapore and the available financial instrument to help save for your child’s tertiary education. There are generally 2 ways that this cost can be funded, either parent-sponsored or self-sponsored. Depending on your belief and values system, funding your child’s tertiary education […]
Endowment policies are designed to help you save for the future. You contribute a regular premium for a number of years and at the end of the policy duration you receive a lump sum Maturity payout. Some Endowment policies have a Cash Back feature, whereby Yearly Cash Benefits are given at specified years in addition […]
The transition into parenthood is a time that provides parents with immense joy. It is also the start of a long journey that demands great sacrifice. As a quote goes, “Until you become a parent, you can’t begin to discover your capacity for strength, love and fatigue.” Of the many heavy responsibilities that come with […]
