Being the boss of your finances

Have you ever wondered what it takes to be the boss of your finances? For those of us who earn a monthly salary, it may be easier to manage our finances since we can work out a budget using our monthly income as a starting point. What about those who don’t have a fixed income?

In this issue, we take to the streets and speak with local business owners on the inspiration behind starting their own business. If you are thinking of becoming self-employed but have your reservations about it, you might want to glean some useful insights from seasoned freelancer Lin You Fa’s experience. In addition, Mr Ang Hin Kee, Assistant Director-General of NTUC shares what he thinks needs to be done to better support the growing gig economy.

When it comes to planning for our future, one of the most common reasons people give for not doing it is, ‘I still have time’. But do we really? Try this fun quiz to find out if life has crept up on you. Then instead of living like there’s no tomorrow, perhaps it’s time to live like every decision matters now.

You can start with these 5 tips on getting ahead at work. And if you find managing your money a drag, why not discover how FinTech can help you manage your personal finances more easily? We also break down the basics on CPF contributions and when your employer needs to make CPF contributions for you.

Reaching out to the community is our business. In this issue, some members of our Community Engagement team share the importance of our partnership with community leaders and volunteers in helping our members better understand the CPF schemes. Do also remember to join us as we make our rounds islandwide with our annual CPF Retirement Planning roadshows!

We hope these articles will help you become a better boss of your personal finances, whether you are an employee or a self-employed person, so that you can be ready for your golden years with CPF. After all, the future is closer than you think!