Money Playbook

The process is also evolving, with a new trust to distribute CPF savings

One charity scheme nudges debtors into 'savings mode' more quickly to stop the spiral

Entry is cheap and easy, but may not be enough for those with immediate need to close protection gaps of a certain size

Nine in 10 Gen Zs use social media for information on investing, more than any other source of information, a survey shows

Use banking apps to set limits and always pay full sum owed to avoid debt traps and maximise your rewards

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.

3 in 4 Singaporeans are behind on retirement plans; start young to benefit from the power of compounding

At an estimated annual inflation rate of 2.5%, S$50,000 saved in banks over 20 years would lag inflation by 35%; investors should focus on a diversified mix of financial solutions

There are seven fundamental types of insurance coverage that should be considered, depending on one's needs