Putting savings first and other financial lessons from 2020

There have been five economic recessions since Singapore's independence, including this one. ST PHOTO: LIM YAOHUI
New: Gift this subscriber-only story to your friends and family

SINGAPORE - This has been a challenging year to say the least but it has highlighted some sound financial lessons that we should learn to help prepare for future crises.

Key among these is to put savings first and to stay invested in the market, despite the temptations to cut and run.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.