MoneySmart

Large numbers of Singaporeans have experienced financial roller coasters since 1997. We have experienced economic and financial crisis both from a personal and national point of view. Realities like retrenchments, downsizing, mergers, acquisitions, CPF cuts and competition has washed to our shores and shaken the financial and personal beliefs of most Singaporeans. In view of these realities, it is imperative that all individuals equip themselves with the relevant knowledge and tools to manage their finances effectively.

This workshop aims to provide the participants with the essential financial planning knowledge processes and tools to be in control of their finances.

Overview of Financial Planning

►Financial Planning process.

o         Identifying financial goals.

o         Gather relevant data.

o         Analyze the data.

o         Develop strategies to achieve the goals.

o         Implement the strategies.

o         Review and revise the strategies regularly.

  ►Personal Financial Statements & Financial Ratios.

o         Personal Balance Sheets.

o         Personal Cash Flow.

o         Personal Budget.

o         Steps to prepare a budget.

o         What if expenditure exceeds income?

o         Concept of Needs versus Wants.

        ► Risk Planning

o         How to manage risks.

o         Rules on risk management.

o         Insurance planning.

o         Case study on basic insurance needs.

        ►  Investment Planning

o         Types of investment risks.

o         Investment instruments.

o         Risk tolerance.

o         Investment strategies.

o         Asset allocation strategy.

o         Dollar Cost Averaging strategy.

        ►  Retirement Planning

o         Determining retirement needs.

o         Case study on determining retirement needs.

        ►  Estate Planning

o         Intestate Succession Act.

o         Making a WILL.

        ►  Debt Management

o         Property.

o         Car.

o         Credit cards.

o       Hire purchase.

Date

Dates to be advised

Duration

1 day (9am-5pm)

Venue

To be confirmed or to be advised by our consultant

Registration Form

 
Upon receiving your registration, we will send you a confirmation email, TWO WEEKS before the start of the workshop to inform you if it is a confirmed run or will be cancelled (due to low participant rate).

Fees

All fees quoted exclude 7% GST. *Non-nominees

For further information, please contact Ms Stella / Ms Mars via phone (65) 6438 0012, fax (65) 6299 4864, or email stella@shri.org.sg / mars@shri.org.sg

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2 Serangoon Road Level 6 The Verge Singapore 218227  Tel +65 6438 0012  Fax +65 6299 4864  enquiries@shri.org.sg

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