For a long time, Singapore has been known as a global financial hub. However, because of technological advancement that has become fast-paced globalization of the place, and unforeseen disruptions such as the pandemic, there is the need for financial flexibility in Singapore.

One of the most powerful ways to build long-term wealth is to start investing early in life. It does the power of compounding, allows recovery from market fluctuations, and gives the option to aggressive growth strategies. In this article, we’re going to take a look at why investing early is key to long-term wealth growth, and how you can apply these insights as an individual in Singapore and Southeast Asia.

70 20 10 budgeting rule is a very simple and effective finance management framework. It takes 70% of your income, 20% of it for savings or investments, and leaves 10% for debt repayment or donating to charity. Several 70-20-10 Rule Money Calculators have been made available online to make budgeting even easier. To help you select a calculator, we take a look at the top 3 calculators in this article.

In Southeast Asia, where the financial landscape is just as dynamic and just as full of unique opportunities, money management tips for millennials are essential for achieving financial security. Whether your worries are about high living costs in places like Singapore or the increasing popularity of the gig economy across the region, smart financial planning can help you realize those goals.

The first step towards financial freedom is knowing the difference between your needs and wants. At first glance, this may seem straightforward, but it is an important step in budgeting and the first step to obtaining your financial goals. We will share with you how to prioritize needs over wants, why it matters, and how to create a personal financial plan that works for you, whether you are in Singapore, Southeast Asia, or elsewhere globally.

If you want to be clearer about the financial aspect of your life and become successful in what you put your efforts into, the 70/20/10 Rule is a practical framework. This rule helps you manage your money when you are in Singapore, Southeast Asia, or anywhere else around the globe.