Learn to do it all with OCBC. Let’s get it Simply Spot On.

It’s important to balance living a good life today and being prepared for the future. Learn how to do it all with OCBC.

5 steps of financial wellness

Follow these steps to build a stronger financial future

Let us help you do it all in life through sound and professional financial planning advice tailor-made for you.

Understand your financial situation

Know where your money comes and goes. Stick to a budget.

Have at least 6 months of emergency cash to cover your monthly expenses in case you lose your job.

Understand your financial situation

Ensure that you are adequately insured

Health issues can lead to large medical expenses or a permanent loss of income.

Protect yourself and your family with life insurance, health insurance and critical illness insurance plans.

Ensure that you are adequately insured

Start planning for your future

Don’t leave things to chance. Have a plan to retire well, to buy a dream home or support your child’s university education.

Start planning for your future

Find investment opportunities with OCBC

Saving alone cannot let us do all the things we want in life.

Invest, but do it according to how much risks you can take.

Find investment opportunities with OCBC

Review your finances periodically

Financial planning is a journey – your situation can change, and your needs will evolve.

Review your plan periodically to stay on the right track to do it all.

Review your finances periodically
Take this quiz to gauge your financial wellness

Understand your financial situation

Are you saving at least 10% of your salary every month?

We should save at least 10% of our month salary. Many Singaporeans – 9 in 10 – do that!

If you were to lose your job now, do you have enough savings to pay for at least 6 months of your expenses?

Put aside enough to cover at least 6 months of expenses in case you are out of work. 1 in 2 Singaporeans do not have this amount. If we lose our jobs, we take about 3 to 6 months or even more to find a new one.

Ensure that you are adequately insured

Is your critical illness insurance coverage around 3.9 times your annual income.

Having an insurance payout of 3.9 times our annual income gives us enough money for a few years when our illness stops us from working. Unfortunately, only 36% of Singaporeans have this.

Do you have an integrated shield plan or other hospitalisation plan from a private insurer?

Healthcare is not cheap. Additional coverage on top of MediShield Life will be a big help when it comes to unexpected medical bills. Singaporeans know this - 2 in 3 have additional private insurance plans.

Start planning for your future

Do you plan for retirement by saving and investing regularly?

9 in 10 Singaporeans who are making good progress in building up their retirement funds save and invest regularly.

Think of the retirement lifestyle that you want. How much do you think that will cost in today’s terms?

Like 8 in 10 people in Singapore, you have probably underestimated how much you need for retirement. Your amount depends on your retirement lifestyle. Talk to a financial expert to ascertain how much you really need.

Find investment opportunities

Do you put all your money in a savings account without investing any?

Investing has its risks but leaving all your money in your savings account is not wise. 79% of Singaporeans who don’t invest are less likely to be able to retire well.

If you were to invest, would you do so based on _____

It’s not a good idea to depend purely on tips from family and friends to invest. 1 in 5 Singaporeans do that, and this group generally ends up with bad investment returns. It is worth taking the time to research something before we invest in it, or at least get advice from a qualified professional.

Review your finances periodically

I review my financial plan with an expert _______

1 in 2 Singaporeans do not review their financial plan annually with an expert. This group ends up with less investment returns than those who do. The difference is as much as 1.5%.

Plan for your future today

Take your first step with OCBC

Let us help you do it all in life through sound and professional financial planning advice tailor-made for you.