The thought of personal finance may bore some people, especially when information is presented in long articles that require time to digest. What better way to learn about personal finance than having your mundane yet important information condensed into bite-sized visuals? These infographics can help you make better financial decisions, just with a glance.
# 1 Family Planning With Baby Grants
Raising a child in Singapore is not cheap but our government is more than happy to financially support new parents on their parenthood journey. This infographic clearly sums up the various grants, schemes and initiatives that you can apply for your newborn.
# 2 Budget 2018 Goodies
Even though the planned GST increase took most of the headlines, Budget 2018 had plenty of measures to support middle and lower income Singaporeans. This infographic from the Ministry of Finance summarises these measures in an attractive manner.
# 3 Questions To Ask When Buying Critical Illness Insurance
As one of the most commonly discussed insurance plans, critical illness insurance comes in different variations, which can get quite complex. Hence, understanding your protection needs and how critical illness insurance works is essential to ensure that you are insured by the most suitable plan. Learn about critical illness insurance with these 5 common questions.
# 4 Do You Have An Insurance Coverage Gap?
According to the Life Insurance Association (LIA), close to 42% of Singaporeans and Permanent Residents (PRs) aged between 20 and 34 do not have a single life insurance or critical illness policy. This infographic from AIA illustrates examples of how insurance coverage gaps look like, which you can refer to and calculate your own coverage gap.
# 5 Insurance VS Investment
Unsure whether to spend your money buying an insurance policy or investment plan? Here is a simple comparison by DollarsAndSense that explains the differences between these essential pillars of personal finance and help you make a more informed decision.
# 6 Investing Concepts 101: Dollar Cost Averaging
# 7 Grants To Support You In Buying Your First Home
Buying a HDB flat is a rite of passage that most Singaporeans go through, so much so that is now shorthand for getting married. Understanding the grants available to them can help young couples choose their dream home within their means.
# 8 Mortgage Patterns
This insightful infographic from home mortgage broker RedBrick gives a useful snapshot of home loans taken in Singapore. Interestingly, the majority of home loans taken are based on Fixed Deposit interest rates (74.5%).
# 9 Upgrading From A HDB Flat To A Condominium
If you decide to upgrade from a HDB flat to a private condominium, you may find this infographic from 99.co helpful in providing you with the steps you need to take, such as payment due dates and the legal paperwork required.
# 10 Retirement Planning: How Much Will You Receive From CPF LIFE Every Month?
Before you rush to withdraw your hard-earned money from your CPF once you turn 55, make sure you are well-informed about the CPF LIFE scheme offered. This infographic by the CPF Board shows you the monthly payouts you can expect to receive depending on the amount of money you have in your retirement account.
Can’t enough of infographics? Here are 10 (more) infographics that help you make better financial decisions!
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Bonds and Fixed Income