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Tag Archives: Child Development Account

Financial Planning for Newborn and Maximising Child’s CPF SA / MA top-up

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”

Posted bylyndonmaxewellSeptember 11, 2020Posted inCPF, Goals, Insurance, Savings, StocksTags:CDA, CDA account matching, Child Development Account, FIRE movement, Post-Secondary Education Account, PSEA, Regular Savings Plan, RSPLeave a comment on Financial Planning for Newborn and Maximising Child’s CPF SA / MA top-up

Baby FIRE movement

Join me in the Baby F.I.R.E. movement, where for babies First In Relax Easy. I am illustrating from my own personal experience (for new parents with their first child) on how your baby can F.I.R.E. up her life early, right from the day she is born. Figures used may be different for subsequent children, butContinue reading “Baby FIRE movement”

Posted bylyndonmaxewellOctober 23, 2019October 23, 2019Posted inCPF, Goals, Insurance, Savings, StocksTags:Baby Bonus Scheme, Cash gift, CDA account matching, Child Development Account, dollar-cost averaging, FIRE movement, Post-Secondary Education Account, PSEA, Regular Savings Plan, RSP1 Comment on Baby FIRE movement

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”

Posted bylyndonmaxewellSeptember 27, 2019September 28, 2019Posted inCPF, GoalsTags:CDA, Child Development Account, CPF, PSEA2 Comments on Kick-start my baby’s Ordinary Account with her Child Development Account

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