FINANCIAL EDUCATION MODULES
Money Management
Budgeting (ABW)
This activity-based workshop aims to enable you to set S.M.A.R.T. financial goals and develop a budget by tracking your spending. You will also understand your spending patterns and learn how to reduce expenses.
Stretching Your Dollar (ABW)
This activity-based workshop shows you how you can regain control of your spending, reduce and convert your expenses into additional savings over time.
Measuring Your Financial Fitness (ABW)
Learn how to assess your financial position through analysis of your cashflow, net worth and financial ratios.
Implementing Your Financial Plan (ABW)
This activity-based workshop aims to provide an overview of financial plans; namely savings, insurance and investments and how they can help you achieve your financial goals.
Building Financial Resilience (ABW)
This activity-based workshop focuses on what is meant by financial resilience and its importance as a life skill.
Understanding Loans & Credit (ABW)
In this workshop, you will learn how to assess if you are borrowing too much and the common types of loans and their associated costs.
Financial Planning for Women (ABW)
Through hands-on activities and specially tailored discussion topics, this activity-based workshop will help participants better understand and manage financial planning matters unique to women and recommends ways to overcome some of these challenges.
Financial Planning for The Self-Employed (ABW)
This module aims to help the self-employed person take account of unique challenges to their financial planning and how understanding important principles will enable them to plan better in order to achieve their financial goals. Participants will learn how to measure their financial fitness, set up a robust budget, boost savings to meet their healthcare costs, obtain support from government, take stock of their insurance adequacy and plan for retirement while continuing to deepen their skills.
My Healthcare and Retirement – Essentials for Self-Employed Persons (ABW)
This module aims to encourage self-employed persons to build their savings to ensure that their long-term health care needs are met, to have the right types and amounts of insurance coverage and to motivate them to begin early to plan for retirement by leveraging on their CPF. It will also inform them of government financial support for lower income workers (including platform workers) as well as support for skills upgrading and resource to help those considering potential transition to salaried employment.
Assessing Your Insurance Needs (ABW)
Learn how to identify your life insurance needs and use recommended guidelines to assess how much coverage you need.
Types Of Life Insurance (ABW)
This activity-based workshop aims to help you understand the different types of life insurance. You will be taught how to select life insurance products that meet your objectives.
Types of Health Insurance (ABW)
This workshop aims to educate the participants about the various types of health insurance policies and the meaning of common terms such as policy limits, exclusions and deductibles.
CPF Health Insurance Schemes (ABW)
Learn about the CPF schemes that provide basic health insurance cover such as MediShield Life, ElderShield and CareShield Life.
Considerations When Investing (ABW)
This activity-based workshop 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 (ABW)
This activity-based workshop 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.
Financial Habits & Behaviour (ABW)
This activity-based workshop is designed to help participants 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.
Basics of Personal Investing (ABW)
This workshop is an introduction to the basics of personal investing. At the end of the workshop, you will be aware of fundamental basic investing concepts such as risk-return trade-offs, diversification, dollar cost averaging, and considerations every investor should bear in mind as they embark on their maiden investing journey.
Investing Insights for Investors (ABW)
This workshop provides some key insights into managing your investment portfolio. You will learn how to write an Investment Policy Statement tailored to your financial goals, starting with a risk profiling questionnaire. You will also learn how to evaluate Unit Trusts and ETFs, get insights into basic fundamental and technical analysis, Robo Advisors, understand why regulations matter to you and how FIDReC is able to help investors resolve disputes with financial institutions.
Planning for Retirement (ABW)
Learn how to prepare yourself for a comfortable retirement. Learn how to build your retirement fund through CPF and investing. Also learn how to protect your healthcare needs through insurance, and plan for your welfare and legacy with the Lasting Power of Attorney and CPF nominations.
Assessing Your Retirement Income Needs (ABW)
In this workshop, you will 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 (ABW)
In this workshop, you will learn the possible options to help you achieve your retirement goals, and their benefits and risks.
Importance of Estate Planning (ABW)
Understand the purpose, importance, considerations and ways of distributing your assets according to your wishes in this workshop.
Steps in Estate Planning (ABW)
This workshop covers the objectives and basic steps in estate planning, as well as the different means of distributing your assets.
Managing CPF Money For Your Retirement (ABW)
In this workshop, you will gain a better understanding of how CPF prepares you for your retirement, what happens at age 55 and the various CPF Life plans available at age 65.
MoneySense For Your Child (ABW)
This activity-based workshop aims to provide parents with the knowledge to teach their children the importance of inculcating good financial habits from young.
Buying A Home Within Your Means (ABW)
This activity-based workshop will help you to understand the objectives of buying a property. You will learn the various costs in buying a home, how to assess your resources and calculate how much you can afford to spend on the property, before deciding on an appropriate property.
Youths - Be Smart with Your Money! (ABW)
This activity-based workshop educates youths on how to better manage their money effectively.
Youths - Owe Money? Pay More Money! (ABW)
This activity-based workshop educates youths on debt management principles.
Youths - Grow Your Money! (ABW)
This activity-based workshop educates youths on how to grow their money in a safe way.
Youths - Protect Yourself! (ABW)
This activity-based workshop educates youths on the purpose, importance and considerations of insurance. It also teach the participants how to protect themselves from scams.
Money Management for Youths (ABW)
This workshop will help participants identify what is their relationship when it comes to money, are they developing positive or at risk of negative habits. With positive habits and money relationships participant will then learn how to set SMART financial goals and set actionable plans – including using tools for budgeting and spending management - to achieve these goals. Participants will also appreciate how compounding works to boost savings and while being alerted to common financial pitfalls like over-reliance on debt and spending schemes like Buy-Now-Pay-Later.
Beware of Scams (ABW)
Activities to identify types of scams and unregulated investment schemes, and how scammers prey on our biases.
When The Deal Turns Sour (ABW)
This activity-based workshop covers hands-on activities and case studies on unfair sales practices, your rights under the Consumer Protection (Fair Trading) Act (CPFTA) and the Lemon Law, and who you can turn to in the event of disputes.
Financial Planning for Employees in Career Transitions (ABW)
This module is for employees who are being or have been retrenched or transitioning to alternative careers to be prepared for the financial implications impacting their short term as well as longer term financing situations.
