Basic Financial Planning Guide
The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS), the Association of Financial Advisers (Singapore) (AFAS), and the Life Insurance Association (LIA), has introduced a Basic Financial Planning Guide to support Singaporeans in improving their financial well-being.
The guide contains rules of thumb to support individuals in taking proactive steps to address their savings, insurance, and investment needs at different life stages – Whether you are starting your career, raising a family, or approaching retirement.
Key areas are covered, such as:
- Setting and prioritising financial goals
- Creating and maintaining a budget
- Setting aside emergency funds
- Understanding insurance and its importance
- Planning for long-term needs like retirement
- Make your will, CPF nomination, and appoint trusted persons.
At finexis advisory, we are committed to supporting your financial journey. This guide complements our holistic approach to financial planning, ensuring you have the resources and knowledge to make informed decisions about your financial future.
To learn more, visit the complete guide on MoneySense: Explore the Basic Financial Planning Guide
Our financial consultants will always be available should you wish to have an in-depth conversation.