Basic Financial Planning Guide for Different Life Stages in Singapore

Basic Financial Planning Guide to Help with Your Finances

Take simple steps to enhance your financial well-being with this Basic Financial Planning Guide!

13 February 2024

SOURCE: MoneySense

With so many tips on financial planning out there, it can be challenging to determine if you are on the right track, especially without a financial adviser. To help Singaporeans proactively identify and address gaps in their financial planning, MAS Monetary Authority of Singapore, together with the Association of Banks in Singapore, Association of Financial Advisers Singapore, and Life Insurance Association, has developed a Basic Financial Planning Guide. The guide includes rules of thumb to support those looking to take proactive steps towards addressing their savings, insurance, and investment needs.

Scroll down to view the specially customized financial planning guides tlored for different life stages:

• Fresh Entrants to the Workforce 19-29 years old

• Working Adults Looking to Start a Family 25-34 years old

• Working Adults Supporting Aged Parents 35-59 years old

• Working Adults with Children and Supporting Aged Parents 35-59 years old

• Pre-Retirees 55-64 years old

• Golden Years 65 years old and above

Customized Financial Planning Guides Based on Life Stages

Check out the guides below for customized financial planning advice based on different life stages you might be facing:

1. Fresh Entrants to the Workforce 19-29 years old:

   Download PDFBasic_financial_planning_guide_for_fresh_entrant_to_the_workforce.pdf - 0.8MB

2. Working Adults Looking to Start a Family 25-34 years old:

   Download PDFBasic_financial_planning_guide_for_working_adults_starting_a_family.pdf - 0.8MB

3. Working Adults Supporting Aged Parents 35-59 years old:

   Download PDFBasic_financial_planning_guide_for_working_adults_supporting_aged_parents.pdf - 0.9MB

4. Working Adults with Children and Supporting Aged Parents 35-59 years old:

   Download PDFBasic_financial_planning_guide_for_working_adults_parent_with_children_and_supporting_aged_parents.pdf - 0.9MB

5. Pre-Retirees 55-64 years old:

   Download PDFBasic_financial_planning_guide_for_pre-retirees.pdf - 0.8MB

6. Golden Years 65 years old and above:

   Download PDFBasic_financial_planning_guide_for_enjoying_golden_years.pdf - 0.7MB

   was first published on MoneySense.

The information provided in is accurate as of the date of publication.

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2024, Government of Singapore

Last updated: 04 March 2024
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