Fresh Graduates & First Jobbers: Your Ultimate Personal Finance Guide (24-30 Years Old)
Most fresh graduates think their biggest worry upon graduating is finding a job.
Surprise surprise, it’s actually your PERSONAL FINANCE that you should pay most attention to.
Personal finance is everything to do with managing your money, saving and investing. It covers budgeting, banking, insurance, mortgages, investments, retirement planning, tax planning and estate planning.
The hard truth is: your finances are not going to manage themselves.
Snap out of the comforts of papa and mama’s allowance and kids’ savings account – it’s time to start making your own (smart) financial decisions.
We’ve curated these relevant articles onto one learning platform, guiding you through some of the more commonly asked questions relating to personal finance.
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Getting your first salary, what should you do?
Arguably, no other firsts holds a candle to attaining that initial pay cheque.
While each individual begins their first job at different stages, the theory behind allocating your monthly salary generally remains the same.
In this section, we list out a variety of content intended to help you manage your monthly salary, budget better & get out of potential or existing debt.
- Working Adults: How To Allocate Your Monthly Salary?
- A Comprehensive Guide: What To Do With Your First Pay?
- Hacks To Clear Your Debts Fast And Effectively
- Pay Off Your Debts: Schemes That Help You Get Out Of Debt
- 6 Steps To Repaying Your Student Loan
Tools to help you make smarter personal finance decisions:
- The Ultimate Consumer Journey Guide: Tools To Help You Choose The Best Financial Product
- Real User Reviews Platform on Financial Products
- Calculators That Take Away The Stress In Personal Finance
- Personal Finance Community To Discuss Personal Finance Questions
Choosing The Best Savings Account & Credit Cards
The most immediate thing to do upon getting your first pay cheque should be opening a savings account that gives you the best possible interest rate.
Unfortunately or fortunately (depending on your point of view), banks are constantly competing against one another. As a result, plans can end up with too many terms and conditions, ultimately confusing everyday Singaporeans.
Cheat sheets for your ideal savings account:
- Cheat Sheet: Best Savings Accounts For Student
- Cheat Sheet: Best Savings Accounts With No Condition
- Cheat Sheet: Best Savings Accounts In Singapore For Working Adult
Tools to help you choose the best savings account:
- Real User Reviews Platform on Savings Account In Singapore
- Best Savings Account Calculator In Singapore
Whilst getting on the right savings account can help you earn extra interest on your savings, leveraging on credit cards can aid in generating considerably more savings!
These content can help you choose the best credit cards:
- Which should you choose? Cashback vs Miles
- Cheat Sheet: Best Credit Cards For Students
- The Ultimate Cheatsheet: Best Cashback Credit Cards For Working Adult
- Cheat Sheet: What Is The Best Miles Cards For Working Adults
- Best Credit Cards To Use Overseas
Tools to help you choose the best credit cards:
Getting your first insurance. What insurance coverage should you be getting?
As convenient as it may seem, there isn’t a one-size fits all solution to getting sufficient coverage for one’s self.
Therefore, understanding your needs and how much you would be willing to spend on coverage remains of utmost importance before signing for an insurance policy.
In this section, we list out insurance guides and content that would come in handy when looking to get your first insurance policy.
- Working Adults: What Are The Key Insurance Policies You Should Get In Singapore?
- Working Adults: 4 Frequently Asked Insurance Questions
Content on Health Insurance
- Singaporean’s Ultimate Integrated Shield Plan Comparison, Am I On The Best Plan?
- Integrated Shield Plan Rider Comparison: How Can I Cover Myself More?
Content On Life Insurance
- The Working Adult Guide: Term Life vs Whole Life Insurance. Which Should I Get?
- Working Adults: The Ultimate Guide To Understanding Your Endowment Plan
- Should You Cancel Your Aviva MINDEF/MHA Group Insurance After Your Ord?
Amongst all other things, charting your career path also begins here.
Yeah, you’d probably know of kia-su friends who have since long secured a full-time job even before graduation. FRET NOT, it’s important to know what you want, what to expect, and where to look for the most appropriate job openings. Remember, best is subjective.
Content on Applying for That Job
- Crazy Interview Questions. Can You Answer These Questions If Your Career Depends On It?
- Interview Preparations: The Hows, The Whys, The Whats
- Graduate Starting Salary in Singapore
Content on Working Life
- Know Your Rights! Employee Benefits: Off-in-lieu, Paid Leaves, Overtime Pay
- Salary Guide Singapore 2018/19
Making Even Smarter Personal Financial Decisions On Lifestyle Choices
While it is important to invest, get insured and be on the best savings account and credit card plans, there is notably more to personal finance. Often times, adjusting our daily and monthly expenses could potentially contribute even more to our savings.
Updated 10 Dec 2018
Here are some content to make better lifestyle choices:
- Know Your Rights! Employee Benefits: Off-in-lieu, Paid Leaves, Overtime Pay
- Ultimate Movie Ticket Price Guide
- The Ultimate Comparison: Electricity Retailer In Singapore
- Which Singapore Telco Plan Is The Best For You: Data vs Price
- Ultimate Guide: Supermarket’s Price Comparison
- Which Singapore Fibre Broadband Plan Is Best For You
- Singtel TV vs Starhub TV: Which Package Should You Get?
- Best Dating Apps in Singapore: Which Is The Cheapest of Them All?
Tools to help you:
Making Your First Investment
Ready to embark on your investment journey? Here’s a “Should-I-Invest” checklist for you.
This section aims to help Singaporeans get started on their investment journey by providing sufficient knowledge on investing.
Investing should never be a rash decision. One should get to know his financial health and his investing mindset such as risk preferences better. Here are some articles that you can start with!
- Working Adults: When Should I Begin Investing?
- Working Adults: Should I Pick Dividend or Growth Investing?
- Should I Invest A Small Sum Regularly Or A Big Sum At One Go?
- Age vs Risk Profile: What Investments Should You Be Holding?
- 3 Common Investment Methods: DIY vs Active vs Passive Funds
- Best Investments In Singapore That Caters To Every Risk Profile, For Short, Medium and Long-Term Investors
- Cheat Sheet: What Are The Common Investment Products In Singapore?
Now that you’re ready, it’s time to open a CDP account or get on a brokerage:
- CDP vs Custodian Account? Which Should I Use and Why?
- Step-by-step Guide: Opening A CDP and Stock Trading/ Brokerage Account In Singapore
- Ultimate Cheatsheet: Cheapest Stock Trading/ Brokerage House In Singapore
- Real User Reviews On Online Brokerage
Content on Singapore Savings Bond:
- Guide To Investing and Buying Singapore Savings Bond (SSB)
- How Is The Interest Rate For Singapore Savings Bond (SSB) Determined?
Content on Fund Investing:
Content on Stocks Investing:
- A Singaporean’s Guide To Buying Stocks
- 4 Forces That Move A Stock Price
- 10 Stocks To Buy In The Next Market Crash
- Does A High P/E Ratio Mean That The Stock Market Is Overvalued?
Content on Regular Savings Plan:
Kicking off with a Regular Savings Plan aids in cultivating a habit of investing. Plus, it sets aside a portion of your salary automatically, no doubt, helping some of you spendthrifts out there!
- Working Adults: Easiest Ways To Invest A Monthly Sum For Beginners
- Which Regular Savings Plan Is The Cheapest? POSB vs OCBC vs POEMS vs Maybank Kim Eng
Content on Exchange Traded Funds Investing:
- How To Choose The Right Exchange Traded Fund (ETF) To Invest In?
- STI ETF: A Simple Way To Invest In Singapore’s Top 30 Companies
Content on Real Estate Investment Trusts (REITs) Investing:
If you’re looking to add REITs to your investment portfolio, here are some complimentary articles.
- Working Adults: Guide to REITs Investing In Singapore
- How To Choose The Right REITs To Invest In?
- The Ultimate Review Of All The REITs In Singapore And Here’s How You Can Learn To Invest.
Alternative Investments: P2P Lending Platforms, Cryptocurrencies and Robo-Advisors
- P2P Lending Platforms Comparison
- Robo-Advisor Comparison
- A Quick Guide: Cryptocurrencies and Factors Affecting The Price
- Investing In Luxury Watches
Tools To Help You Get Started On Your Investment Journey
- Seedly’s Guide: Courses To Guide You On Your Investment Journey
- The Complete List: Investment Portfolio Tracking Apps and Platforms
Making Your First Investment
Ready to embark on your investment journey? Here’s a “Should-I-Invest” checklist for you.
This section aims to help Singaporeans get started on their investment journey by providing sufficient knowledge on investing.
Investing should never be a rash decision. One should get to know his financial health and his investing mindset such as risk preferences better. Here are some articles that you can start with!
- Working Adults: When Should I Begin Investing?
- Working Adults: Should I Pick Dividend or Growth Investing?
- Should I Invest A Small Sum Regularly Or A Big Sum At One Go?
- Age vs Risk Profile: What Investments Should You Be Holding?
- 3 Common Investment Methods: DIY vs Active vs Passive Funds
- Best Investments In Singapore That Caters To Every Risk Profile, For Short, Medium and Long-Term Investors
- Cheat Sheet: What Are The Common Investment Products In Singapore?
Now that you’re ready, it’s time to open a CDP account or get on a brokerage:
- CDP vs Custodian Account? Which Should I Use and Why?
- Step-by-step Guide: Opening A CDP and Stock Trading/ Brokerage Account In Singapore
- Ultimate Cheatsheet: Cheapest Stock Trading/ Brokerage House In Singapore
- Real User Reviews On Online Brokerage
Content on Singapore Savings Bond:
- Guide To Investing and Buying Singapore Savings Bond (SSB)
- How Is The Interest Rate For Singapore Savings Bond (SSB) Determined?
Content on Fund Investing:
Content on Stocks Investing:
- A Singaporean’s Guide To Buying Stocks
- 4 Forces That Move A Stock Price
- 10 Stocks To Buy In The Next Market Crash
- Does A High P/E Ratio Mean That The Stock Market Is Overvalued?
Content on Regular Savings Plan:
Kicking off with a Regular Savings Plan aids in cultivating a habit of investing. Plus, it sets aside a portion of your salary automatically, no doubt, helping some of you spendthrifts out there!
- Working Adults: Easiest Ways To Invest A Monthly Sum For Beginners
- Which Regular Savings Plan Is The Cheapest? POSB vs OCBC vs POEMS vs Maybank Kim Eng
Content on Exchange Traded Funds Investing:
- How To Choose The Right Exchange Traded Fund (ETF) To Invest In?
- STI ETF: A Simple Way To Invest In Singapore’s Top 30 Companies
Content on Real Estate Investment Trusts (REITs) Investing:
If you’re looking to add REITs to your investment portfolio, here are some complimentary articles.
- Working Adults: Guide to REITs Investing In Singapore
- How To Choose The Right REITs To Invest In?
- The Ultimate Review Of All The REITs In Singapore And Here’s How You Can Learn To Invest.
Alternative Investments: P2P Lending Platforms, Cryptocurrencies and Robo-Advisors
- P2P Lending Platforms Comparison
- Robo-Advisor Comparison
- A Quick Guide: Cryptocurrencies and Factors Affecting The Price
- Investing In Luxury Watches
Tools To Help You Get Started On Your Investment Journey
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