FINANCIAL EDUCATION MODULES

Making Sense Of Your Money

Learn to set S.M.A.R.T. financial goals and calculate how much you need for each goal. Learn how to develop a budget to track your spending and build savings. You will also understand how compound interest can impact your savings and borrowing, and what to look out for when buying on instalment.

Financial Planning Begins Now

Learn how to build a financial plan using savings, insurance and investments to achieve your goals. Assess your financial position through analysis of your cashflow, net worth and financial ratios.

Financial Planning For The Self-Employed

This module aims to teach participants how to measure their financial fitness, draw up a budget, manage their healthcare costs and plan early for their retirement.

Basics of Money Management

This workshop is conducted specially for low-wage workers. Participants are taught how to track their spending and to stretch their dollar. They will also learn the importance of savings and budgeting, and the basic CPF schemes.

Understanding Loans And Credit

Assess if you are borrowing too much. Discover the common types of loans and their associated costs. Learn to manage your borrowing and to resolve debt issues.

Insurance

Understanding Life Insurance

Learn how to assess your life insurance needs. Understand the feastures of the various types of life insurance policies which are term, whole life, endowment and investment-linked policies. Find out about Direct Purchase Insurance (DPI) and learn how to use online portal compareFIRST to compare and select life insurance products.

Understanding Basic Health Insurance

Learn about the various types of health insurance policies and the meaning of common terms such as policy limits, exclusions and deductibles. Find out about the CPF schemes that provide basic health insurance cover such as MediShield Life, ElderShield and CareShield Life.

Investing

Introduction To Personal Investing

Learn basic concepts and considerations when investing. Understand the features and risks of common financial products. You will also learn about investment strategies and how to construct an investment portfolio based on your financial needs and risk appetite.

Understanding Bonds

Learn about types of bonds, their features and benefits and risks of bond investing. Understand credit ratings, the relationship between bond prices, interest rates and yields and learn about the Singapore Savings Bonds.

Fundamentals Of Share Investing

Understand the different strategies for investing in shares and how to screen companies using their financial statements. Learn the different approaches to valuing shares for example Price-Earnings and Dividend Discount Models.

Understanding Real Estate Investment Trusts (REITs)

Understand the types of REITs and their benefits and risks. Learn about factors to consider when investing in REITs such as how REITs can be valued and what affects their performance. Also learn how to select a REIT.

Financial Habits And Behaviours

Understand why we take mental shortcuts in our thinking and decision-making and how it affects our financial planning. Learn how we can mitigate the effects of mental short cuts and how our minds can hinder or help in investment decisions and money management.

Retirement

Building Your Nest Egg

Learn the basic steps in retirement planning. The content includes the use of retirement calculators to determine your retirement income needs. Also learn the options for dealing with projected shortfalls and for building your retirement income.

Managing CPF Money For Your Retirement

How does CPF prepare you for retirement? How much do you want your payout to be? Will you outlive your savings? This module will answer these questions. You will gain a better understanding of how CPF works, what happens at age 55 and the various CPF Life plans available at age 65. You will also learn about the CPF nomination schemes.

Enrich Your Golden Years

Learn how to plan your finances during your retirement years to ensure that your desired lifestyle can be sustained. Understand how CPF prepares you for retirement, options to supplement CPF Life payouts and the importance of health insurance.

Introduction To Estate Planning

Understand the purpose, importance, considerations and ways of distributing your assets according to your wishes. Also covered is distribution according to the Intestate Succession Act. You will also learn about wills, nominations, trusts and the Lasting Power of Attorney (LPA).

Consumer Protection

Is The Deal Too Good To Be True?

Learn to identify types of unregulated investment schemes and possible scams. Learn about unfair sales practices and your rights under the Consumer Protection (Fair Trading) Act (CPFTA) and the Lemon Law. This workshop will also cover the lease, sale and purchase of property, the role of the Council for Estate Agencies (CEA) and the role of Financial Industry Disputes Resolution Centre (FIDReC).

Family and Youth

Buying A Home Within Your Means

This module addresses the following questions: Why do people want to buy a home? What are their housing options? And how should they go about it?

Starting A Family

Learn how to plan your finances as a couple and how to budget for your first home, expenses when having children and taking care of medical needs. Also find out about available government subsidies, leave schemes and tax benefits for parents.

Money Management For Youths

Learn useful money management skills and concepts as well as understand important government schemes. Learn how to use basic financial products and services to help you manage your money.

MoneySense For Your Child

This module aims to teach participants the importance of inculcating good financial habits from young. It covers ways that can help to give children money sense such as teaching and modelling healthy financial habits and budgeting.

Financial Planning For Couples

Learn how to draw up a financial plan as a couple and take steps to ensure your family is in good financial health by saving, having sufficient insurance and investing. You will also be taught how to budget for your new home and to plan ahead by making a Lasting Power Attorney (LPA) and CPF Nomination.

Other Workshops

Financial Planning For Families With Special Needs

Learn how to assess the amount needed for families with special needs members. If there is a shortfall after taking into account their current resources, participants are taught how to close the gap. They also learn the basics of estate planning.

Financial Planning For Employees In Transition

This module is for employees who are being and/or have been retrenched. Learn about financial planning and how to review your current financial position. Learn how to manage your finances by reviewing your spending and setting a budget. Also, learn how to avoid and reduce debt.

Workshop For Social Workers

This workshop helps to equip social workers with the financial knowledge, tools and resources developed by IFL to help their clients manage and improve their finances.

Budgeting

Learn to set S.M.A.R.T. financial goals and calculate how much you need for each goal. Learn how to develop a budget to track your spending and build savings. You will also understand how compound interest can impact your savings and borrowing, and what to look out for when buying on instalment.

Understanding Loans And Credit

Assess if you are borrowing too much. Discover the common types of loans and their associated costs. Learn to manage your borrowing and to resolve debt issues.

Stretching Your Dollar

This talk aims teach you how to reduce your expenses and convert them into savings. You will also understand how compound interest can impact your savings and borrowing, and what to look out for when buying on instalment.

Measuring Your Financial Fitness

Learn how to assess your financial position through analysis of your cashflow, net worth and financial ratios.

Implementing Your Financial Plan

This talk aims to provide an overview of financial plans; namely savings, insurance and investments and how they can help you achieve your financial goals.

Insurance

Assessing Your Insurance Needs

Learn how to use a life insurance calculator to assess how much coverage you need and the considerations when selecting suitable products. You will also learn how to use online portal compareFIRST to compare and select life insurance products.

Types Of Health Insurance

Learn about the various types of health insurance policies and the meaning of common terms such as policy limits, exclusions and deductibles.

CPF Insurance Schemes

Learn about the CPF schemes that provide basic health insurance cover such as MediShield Life, ElderShield and CareShield Life.

Types Of Life Insurance

This talk aims to help you understand the various types of life insurance which are term, whole life, endowment and investment-linked products. You will be taught how to select life insurance products that meet your objectives.

CareShield Life

This talk focuses on the features and benefits of CareShield Life, which is a CPF health insurance scheme that helps pay for long term care in case of severe disability.

Investing

Considerations When Investing

This talk aims to help you understand basic concepts and considerations when investing. Learn about investment strategies that can help you manage your risk. You will also learn how you can assess your risk appetite.

Major Financial Products

This talk aims to help you understand the features and risks of some major financial products. You will also learn about investment strategies and how to construct an investment portfolio based on your financial needs and risk appetite.

Understanding Exchange Traded Funds (ETFs)

Understand what are ETFs, their structure and the types. Learn the risks and benefits of investing in ETFs and how they can form part of your investment portfolio to provide diversification benefits at lower cost.

Understanding Bonds

Learn about types of bonds, their features and benefits and risks of bond investing. Also learn about the Singapore Savings Bonds.

Singapore Savings Bonds

This talk introduces the Singapore Savings Bonds (SSB) which are issued by the Singapore Government. Learn the features, benefits and how to apply and redeem.

Retirement

Assessing Your Retirement Income Needs

Learn the basic steps in retirement planning. The content includes the use of retirement calculators to determine your retirement income needs.

Options To Build your Retirement Income

Learn the possible options to help you achieve your retirement goals and the benefits and risks of these options.

Managing CPF Money For Your Retirement

How does CPF prepare you for retirement? How much do you want your payout to be? Will you outlive your savings? This module will answer these questions. You will gain a better understanding of how CPF works, what happens at age 55 and the various CPF Life plans available at age 65. You will also learn about the CPF nomination schemes.

Importance Of Estate Planning

Understand the purpose, importance, considerations and ways of distributing your assets according to your wishes. Also covered is distribution according to the Intestate Succession Act and the Lasting Power of Attorney (LPA).

Steps In Estate Planning

This talk covers the objectives, the basic steps in estate planning and the different means of distributing your assets.

Consumer Protection

Beware Of Scams

Learn to identify types of unregulated investment schemes and possible scams.

When The Deal Turns Sour

Learn about unfair sales practices and your rights under the Consumer Protection (Fair Trading) Act (CPFTA) and the Lemon Law. This talk will also cover the lease, sale and purchase of property, the role of the Council for Estate Agencies (CEA) and the role of Financial Industry Disputes Resolution Centre (FIDReC).

Family and Youth

Buying Your First HDB Home

This talk aims to help you budget for your first HDB home by considering one-time and recurring costs. Learn about first-timer CPF Housing Grants and compare loans offered by HDB and banks.

Baby And Child Support Schemes

This talk aims to help you plan your family finances as a couple, with an emphasis on government subsidies and tax benefits offered to help defray the cost of having children in Singapore.

Financial Planning For Couples

Learn how to draw up a financial plan as a couple and take steps to ensure your family is in good financial health by saving, having sufficient insurance and investing. You will also be taught how to budget for your new home and to plan ahead by making a Lasting Power Attorney (LPA) and CPF Nomination.

Other Topics

Financial Resilience During COVID-19 (Public)

This talk aims to help participants deal with the financial challenges presented by the COVID-19 pandemic. It will focus on money management, insurance and will touch on relief provided by the Government, official agencies and financial institutions.

Financial Resilience During COVID-19 (Corporates)

This talk aims to help participants deal with the financial challenges presented by the COVID-19 pandemic. It will focus on money management, insurance, basic investment concepts and will touch on relief provided by the Government, official agencies and financial institutions.