Consider spreading out your CDC vouchers throughout the year and putting your spare cash into an emergency fund to boost your savings, says our guest.
cards interface. Give it a try. Budget 2025 was chockfull of goodies – from top-ups in CDC vouchers, increased support for workers looking to upskill themselves, and more incentives for Singaporeans to have larger families.
In this week’s Money Talks, Navin Sregantan, AVP of financial planning and personal investing at DBS Bank tells Andrea Heng how we can make the most out of this year’s offerings. A CDC voucher sign in an NTUC FairPrice outlet at Kampung Admiralty Community Plaza on Jan 3, 2023. What do you suggest people can do to maximise and make go even further?I think it does help that now there are two tranches ... There'll be one coming in few months from now, right?Yes, and that's on top of what was already given to us recently. Having two tranches does help me budget it out ...
And if you find yourself not saving enough, you can use that spare money that you now have, maybe build up an emergency fund, or maybe spend the extra money on starting one or two small investments. Obviously if you have all that settled ... I think it's up to you what you want to do with it. But if you don't, and you're trying to improve your financial standing, you want to set aside emergency fund, use the CDC vouchers instead of that cash. Maybe set that money aside, or it can go somewhere else.
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