Financial Thoughts Savings Plan, Is It Really Beneficial? Most young adults have a savings plan. Well that is what you are sold when you go to the bank with these statements: “I am looking to put my money aside” or “I want to open another bank account so I won’t overspend my money” The reaction […]

FINANCIAL THOUGHTS What Is The Right Amount Of Emergency Fund?           Having an emergency fund is mandatory. No matter who you are, an emergency fund will come in handy when you are in a tight financial situation. Without a doubt, it will help you in a financial difficulty and helps you […]

Financial Thoughts As A Muslim, How Does Faraidh Division Work? Let’s begin by shedding some light on what Faraidh is. Faraidh is the division of assets to one’s legal beneficiaries in accordance with certain fixed calculations i.e. Muslim Inheritance Law. In Singapore, this is governed under the Administration of Muslim Law Act (AMLA). Everyone has heard […]

Financial Thoughts What Happens When My Parents Pass On? This a topic that most of us choose not to talk about. To be fair, who wants to discuss something that is going to affect you emotionally. Who is, in fact, ready for when that day arrives, where your own parents are no longer around? It […]

Financial Thoughts I Am 25 And Single, Why Should I Buy Insurance? You have been working for a year and you are getting comfortable with how things are working out for you. No plans to settle down yet and both your parents are healthy and still working. No one is depending on you financially and most […]