Most recently (in fact just 4 days ago), a new addition came onboard to the family. A brand new journey awaits in the financial planning for this little one! Life has been quite hectic while we adapt to the changes and schedules for two kids. Both needed equal attention, time and care; though being equalContinue reading “Financial Planning for Newborn and Maximising Child’s CPF SA / MA top-up”
Tag Archives: CDA
Kick-start my baby’s Ordinary Account with her Child Development Account
At the 2016 Budget announcement, all Singaporean children born from 24 March 2016 onwards will receive an initial Baby Bonus First Step Grant of $3,000 in their Child Development Account (CDA). I shall not dwell too much in the usage of the CDA. In addition, the government did a Dollar-For-Dollar Matching for up to $3,000Continue reading “Kick-start my baby’s Ordinary Account with her Child Development Account”