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Financial literacy

Bankruptcies in S’pore at 5-year high but many who go bust are getting a fresh start

Mr Joel Choy (left) declared bankruptcy in 2014 and was discharged from bankruptcy in 2021. His wife, Ms Tan, was his greatest pillar of strength during the time.
Mr Joel Choy (left) declared bankruptcy in 2014 and was discharged from bankruptcy in 2021. His wife, Ms Tan, was his greatest pillar of strength during the time.

Why a man who earned over $88k a month had total savings of only $13k

This case shows that high income does not mean high savings if your expenses are equally high as well.
This case shows that high income does not mean high savings if your expenses are equally high as well.

When joint bank accounts with relatives can still be shared by ex-spouses

 In a dispute, joint bank account owners must still prove their entitlement to the funds because the law will not automatically define who owns the money.
 In a dispute, joint bank account owners must still prove their entitlement to the funds because the law will not automatically define who owns the money.

Are you ready for the end of the bull market?

Big stock gains have always been followed by big losses. Here are tips on how to prepare.
Big stock gains have always been followed by big losses. Here are tips on how to prepare.

When relatives couldn’t inherit $4m in their joint bank accounts with family patriarch

It was found that the man did not intend to give his money to his joint account holders; he had added their names solely for administrative purposes.
It was found that the man did not intend to give his money to his joint account holders; he had added their names solely for administrative purposes.

How families can avoid fighting over money in joint bank accounts

Opening joint bank accounts with relatives out of convenience can cause disputes if the money is meant for others as well.
Opening joint bank accounts with relatives out of convenience can cause disputes if the money is meant for others as well.

Interest rates are falling but people still buy money market funds

The Federal Reserve's rate cut will reduce investor returns, yet money market funds remain a good deal.
The Federal Reserve's rate cut will reduce investor returns, yet money market funds remain a good deal.

S'pore businessman cancels $9m divorce deal after discovering first-born child is not his

The man sued his ex-wife because he was so incensed for being kept in the dark for over two decades.
The man sued his ex-wife because he was so incensed for being kept in the dark for over two decades.

4 things to know on how assets are divided when couples divorce in Singapore

Even if couples signed their own prenups, such contracts are not enforceable as the courts have the final says on how assets should be divided.
Even if couples signed their own prenups, such contracts are not enforceable as the courts have the final says on how assets should be divided.

Why US college students are worried about money and jobs

Radiology student Chris Martin feels the financial strain of studying and starting a young family.
Radiology student Chris Martin feels the financial strain of studying and starting a young family.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2025 SPH Media Limited. All rights reserved.