It seems that an increase in employee turnover rate might be in store for corporations in Singapore. Over 50% of professionals in Singapore are confident they will be able to find a new job within 3 months, and 46% of them are planning to change jobs within the next 6 months. These statistics are a call for concern for companies in Singapore since retaining employees comes with several financial and non-financial advantages, such as:
Contributed by Raymond Wee,
Financial Advisory Director representing Financial Alliance Pte Ltd
(The contributor can be contacted at email@example.com)
Contrary to popular belief in Singapore, financial planning requires more than just a single meeting with your financial adviser. Planning for your finances is a complicated matter, mainly because your income, expenses, and debt changes as life progresses. As such, financial planning requires regular reviews. Here are top 5 reasons why financial advisers keep telling you you’re under-insured:
Saving money is like an adult-version of studying – you are disciplining yourself today for a better future. Yet, despite Singapore’s renowned excellence in education, planning finances nevertheless proves to be anything but easy. According to a survey done by the JobsCentral Group, 23.6% of the workers in Singapore spend most of their income on entertainment and approximately 60% save less than one-fifth of their monthly income.
The following money-saving suggestions are, therefore, tailor-made to suit individuals in Singapore.
Contrary to popular belief, writing a will is actually more than just about money and more than just an optional exercise for the well-off dads and moms. It is also about ensuring that your loved ones – be they your children, parents, siblings, or even favourite charities – are taken care of with the finances and assets you bequeath to them, that you have named executor(s) to carry out your wishes and that your funeral arrangements are as you want them.
Writing a will, therefore, is more important than one may think. Below are four issues often overlooked when writing a will in Singapore:
How much does it cost to raise a child from infancy to 21 years of age? $200,000? $360,000? $1,000,000?
It seems that every financial expert in the country has a number in their minds, as do consumers who have thought this through on their own. Whatever the number is, what’s more important is how the number is derived – which is a financial planning exercise in itself. We will leave your numbers to the fruitful financial planning sessions you will have with your Financial Consultant, so for now, we will go straight to some tips on how to spend wisely when raising your child in Singapore.