Getting your personal finances in order

Financial planning knowledge and tools key to meeting our needs and achieving our goals

DBS' first digital financial adviser, Your Financial GPS, provides clarity on one's cash flow management. Its "Money In, Money Out" function reveals gaps between one's "mental accounting" and actual monthly spending.
DBS' first digital financial adviser, Your Financial GPS, provides clarity on one's cash flow management. Its "Money In, Money Out" function reveals gaps between one's "mental accounting" and actual monthly spending. PHOTO: DBS
DBS' first digital financial adviser, Your Financial GPS, provides clarity on one's cash flow management. Its "Money In, Money Out" function reveals gaps between one's "mental accounting" and actual monthly spending.
Evy Wee PHOTO: DBS
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We all want and need financial independence, whether it is to meet our needs, live in relative comfort or, where possible, have the freedom to pursue our passion projects.

The key to achieving financial independence is robust planning and continual calibration of our personal finances. However, financial planning is something most of us understand only vaguely.

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A version of this article appeared in the print edition of The Sunday Times on July 14, 2019, with the headline Getting your personal finances in order. Subscribe