Are You Ready?

CPF BOARD ASKS SINGAPOREANS ‘ARE YOU READY’ FINANCIALLY FOR THE FUTURE

Media Factsheet Central Provident Fund Board
9 October 2011--

As part of its continuing outreach efforts to educate the public on financial literacy and retirement planning, the Central Provident Fund (CPF) Board launched its ‘Are You Ready’ initiative today. The ongoing initiative aims to encourage Singaporeans to kick-start their financial and retirement planning.

Four Key Themes of “Are You Ready” Campaign

a) Managing Your Cash Flow

The need to manage a person’s cash flow is a basic step in all financial planning. By knowing the key principles of basic money management, a person may be in a better position to consider other aspects of retirement planning and retirement adequacy.

b) Buying a House within Your Means

Buying a house is often the single most expensive financial commitment for most Singaporeans. The essence of this theme is to help Singaporeans understand the principles of prudence and affordability.

c) Taking Charge of Your Healthcare Costs

With rising healthcare costs, there is a need for Singaporeans to be prepared financially and physically for any health uncertainties. It is therefore important to be suitably insured as well as to remain physically healthy.

d) Securing Your Retirement

With increasing life expectancy, it is important to put a financial plan in place as early as possible so that one can be financially independent during old age.