Insurance is one of the key aspects of personal finance. Getting the right type of insurance can not only protect ourselves, but also ensure financial security for our family should anything unfortunate happen. When should we start thinking about insurance? The sooner, the better! The moment you receive your first paycheck is the best time to start building your health.
Recession typically spells bad news for most, with companies and firms facing lower sales volumes, needing to lay off workers, causing higher unemployment amongst the working population, which causes overall consumption and demand to fall as well, causing the whole economy to decline significantly in output. So, is Singapore expected to go into recession? Although the economic climate has been.
Here’s a life skill they really should teach in school: how to read and understand an insurance policy. After all, there’s no point in getting top exam scores and getting corralled into a high paying job… only to lose that hard-earned cash to a lousy insurance policy because you didn’t know what you were getting. Whether you bombed the PSLE.