Digital planning service MyMoneySense to cease operations in December

SINGAPORE – MyMoneySense, a digital financial planning service that was launched in 2020 by the Ministry of Manpower and Government Technology Agency, will discontinue its services on Dec 31, 2025, at 11.59pm.

According to a notice on its website, the move is “part of efforts to streamline government financial planning digital services”.

MyMoneySense is an initiative under MoneySense, Singapore’s national financial education programme, which runs courses and provides resources to help Singaporeans manage their money well and make sound financial decisions on their own.

When The Straits Times checked with some readers, they either did not know of the existence of MyMoneySense or thought it was MoneySense, as did Mr M.S. Leong, 57, a civil engineer.

“Isn’t it one and the same? I didn’t know they were different,” he said.

The notice added that there are other planning platforms, such as the PLAN (Plan Life Ahead, Now!) with CPF platform that Singaporeans can go to for their digital financial planning needs.

PLAN,

which was launched on July 5, 2025, allows Singaporeans to project their retirement savings and payout, calculate their home purchase budget and assess the affordability of health insurance premiums. 

They can also continue to access financial literacy resources on the

MoneySense website

.

Mr Leon Loh, financial services consultant at Gen Financial Advisory, said: “MoneySense is a good source for financial literacy, especially for the younger folks.”

Mr Loh reads articles on MoneySense as they provide useful information and are impartial. “The articles are written in a clear and concise manner. I quite like this style,” he added.

In addition, Singaporeans can visit the

My Legacy@LifeSG

platform for resources to help them plan ahead for when they lose mental capacity or die.

They can make arrangements for matters pertaining to their care, welfare and finances. The documents can be stored in the My Legacy vault and shared with family members or loved ones.

The Institute for Financial Literacy, the outreach arm of MoneySense, continues to conduct free financial education and training programmes for the public.

Financial advisers also write financial planning-related articles that are available on the Association of Financial Advisers (Singapore) (Afas) website.

Afas has always worked closely with MoneySense and the Central Provident Fund Board to advance financial literacy in Singapore, said its president Raymond Ng. 

“Financial literacy is a lifelong journey,” he noted, adding that Afas is committed to helping Singaporeans make informed financial decisions.