What will your finances look like in 10, 20, 30 years? There are apps for that

Published Mon, Jul 5, 2021 · 05:50 AM

Money Playbook

Singapore

SHORE up three to six months' worth of expenses in an emergency fund. Allocate a quarter of income to investing. Buy insurance. Work towards S$1 million for retirement, ideally by 60.

Broad personal finance guides and cookie-cutter advice are readily available on the Internet to help individuals navigate their money matters.

But financial planning is never as straightforward as it seems. Case in point: the savings-to-income ratio of a 25-year-old with a student loan to pay off could look vastly different from his debt-free peers', even if they take home the same salary.

Laurent Bertrand, chief and co-founder of fintech BetterTradeOff, says: "There is a lot of information available, but not much clarity regarding what people should do beyond the obviou…