Articles
General Articles
Insurance you need at different stages of your life
We know insurance is necessary but can be costly. At MoneyOwl we help you to be even more prudent by identifying what you probably need at various life stages. These are the key and essential areas you should focus first. If your budget allows, you can then consider...
How to Manage Risk in Your Life
Risks are part of our daily lives. We risk waking up late for work, we risk contracting a virus when we’re out and about, we risk losing our jobs in a market downturn, we risk our marriage failing, we risk our children going astray, we risk losing our money in poor...
Announcement: MoneyOwl rolls out a series of new initiatives to help Singaporeans manage their finances better in these trying times
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...
Technical Note: Understanding The Upcoming MAS Monetary Policy Statement On The Singapore Dollar
The Singapore financial market is keenly awaiting Monday’s Monetary Policy Statement (MPS) by the MAS. This statement will include guidance on where the value of SGD will be for about six months. Note that this scheduled release is advanced, possibly by a few weeks as...
How The Resilience Budget Will Benefit Singaporeans
The Resilience Budget will dedicate $48 billion to help Singaporeans deal with the impact of COVID-19 with a focus on saving jobs, protecting workers and supporting households. If you had missed DPM and Finance Minister’s Heng Swee Keat’s Ministerial Statement earlier...
Investing in Turbulent Markets – The Wise Way Or The Smart Way? Some Thoughts And An Invitation
To say that the stock markets have been volatile against the evolving global COVID-19 situation is an understatement. As of that is not enough, the failure of OPEC talks over the weekend of 7-8 March and subsequent oil price drops have added fuel to fire (pun...
Let Your Financial Plan And Adviser Anchor Your Confidence Even When Markets Are Fearful
The COVID-19 situation has riled people and businesses, and it seems that yesterday, global stock markets finally showed its fears, with the growing spread of the virus across countries, increased deaths and large clusters in Europe, and fears in the US. The US...
2019 Household Income Report: What To Do With Your Most Important Financial Asset
Every February, the Singapore Department of Statistics releases the Key Household Income Trends. We had that release today, 20 February 2020. A common response to this report is that of feeling rather underwhelmed but yet without surprise. All employees know that...
How Does Budget 2020 Affect Us In Our Personal Finance?
Just as Budget 2020 had short-term, midterm and long-term implications, we can also adjust our personal finances across these time periods to better prepare for our financial future. In the short term, think about how you can better manage your cash flows. With the...
