MAS - Monetary Authority of Singapore

10/04/2021 | Press release | Distributed by Public on 10/04/2021 01:07

MoneySense Launches Campaign to Promote Financial Resilience Amid COVID-19 Challenges

Singapore, 4 October 2021 … MoneySense launched today a campaign to encourage Singaporeans to build financial resilience amid COVID-19 challenges through a simple four-step plan: (1) Budgeting; (2) Saving for emergencies; (3) Investing early; and (4) Planning early for retirement. The campaign will run for 10 weeks from 4 October 2021.

2 The theme of this year's campaign is "#MoneySense101: Financial Planning is for Everyone". Highlights of the MoneySense campaign include:

  1. #MoneySense101 Financial Planning Guide. This is a new section on the MoneySensewebsite that provides information and guidance to help individuals plan and manage their finances better. Please refer to Annex A for information on MoneySense.

  2. #MoneySense101 Seminarseries. The Institute for Financial Literacy will organise weekly seminars to help participants learn about the four fundamental behaviours of financial planning (i) budgeting, (ii) saving, (iii) investing and (iv) retirement planning. The seminars will be held from 20 October to 8 December 2021 (Please refer to Annex B for registration and more information).

  3. #MoneySense101 Video series. MoneySense has partnered Mediacorp on a series of short videos to be broadcast on Channel 8, Channel U and Channel 5, as well as other digital platforms such as meWATCH and CNA Insiders YouTube channel.

3 Members of public are encouraged to use other MoneySense resources such as the Financial Health Check, a five-minute self-assessment tool, that provides customised recommendations on how to improve one's financial health. In addition, individuals can use a newly developed digital financial planning service - "MyMoneySense" - to help them get started on financial planning through easy access to financial information and personalised insights on their financial health.

4 For more information and handy tips on building financial resilience, members of public are encouraged to visit the MoneySensewebsite, search "moneysense" on Facebook, or follow @moneysense_sg on Instagram.