In many Asian cultures, owning a home symbolises success and stability, while renting is sometimes viewed as “wasting money”, or even “unsuccessful.”  In Singapore, the pressure to own a property is influencing major life decisions, such as marriage.1 With the rising property prices and external pressure, many are eager to take advantage of housing grants […]

Refinancing is like giving your home loan a makeover. It means replacing your current loan with a new one, often with better terms. Refinancing might result in lower monthly payments, a reduced interest rate, or many other benefits.  Why Do People Refinance? There are various reasons why people refinance their home loans. Here are just […]

For the average Singaporean, a single HDB flat is often their largest asset, with most 4-room flats now valued at over $500,0001. Beyond that, many also have CPF savings and some cash, all of which contribute to their overall financial picture. In fact, the mean net worth per adult in Singapore is $516,991 which is […]

As newlyweds, one of the first major financial decisions you’ll face is whether to merge your bank accounts or keep them separate. Managing money is one of the most important and challenging parts of marriage.  Deciding between a joint, separate or hybrid-style bank account is a key choice that can shape your daily spending habits […]

Many Singaporeans want to leave the usual 9-to-5 job behind and gain financial freedom early. The FIRE movement offers a way to make this dream come true.  However, each person’s path to FIRE is different, so it’s important to find the best approach for your lifestyle.  But before we go further, let’s take a simple […]

In 2012, a tragic accident at Changi Airport took the life of a worker, leaving his widow, Madam Pusparani Mohan, and their four young children in debt. After her husband’s death, the family received nearly $1 million from insurance payouts and public donations, which could have provided financial security.1 Unfortunately, Madam Pusparani, having no experience […]