Baby and Child Support Schemes
3.8 (12 ratings)
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Baby and Child Support Schemes

Learn about the various costs involved in starting a family in Singapore. Also find out about relevant subsidies.
3.8 (12 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,926 students enrolled
Last updated 2/2017
English
Price: Free
Includes:
  • 1 hour on-demand video
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • better plan your finances as a couple
  • budget for your first home in Singapore
  • understand the various costs of having children in Singapore
  • review your insurance needs
  • know about the various schemes and subsidies in Singapore pertaining to raising children
  • plan for your children's tertiary education
View Curriculum
Requirements
  • internet connection
  • your financial resources - Cash, CPF statements, etc..
  • time with your spouse to plan for your wedding
  • time with your spouse to plan for your new home purchase
  • time with your spouse to plan for your children's education
Description

The course will help you prepare for the journey ahead when you decide to tie the knot and start a family. From planning the wedding, buying your first home, maternity to raising kids, we will explore the relevant government subsidies offered in Singapore at each milestone to help lighten household expenses, and make marriage and parenthood a joyous and affordable commitment.

Topics include:

  • Planning your finances as a couple
  • Budgeting for your first home
  • Having Children
  • Reviewing your insurance
  • Bringing Up Children
  • Parenthood tax relief and rebates in Singapore
  • Planning for tertiary education in Singapore
Who is the target audience?
  • those planning to start a family in Singapore
  • young couples in Singapore
  • existing parents in Singapore
  • those with young children in Singapore
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Curriculum For This Course
14 Lectures
01:01:19
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Introduction
2 Lectures 07:04
In this module, we will learn about: Planning your finances as a couple, Budgeting for your first home, Having Children, Reviewing your insurance, Bringing up children, Claiming tax relief/rebates for parents, Planning for tertiary education
Starting A Family - Introduction
00:51

It is important to discuss and plan your finances as a couple to avoid disagreements over money matters. Learn more about how to plan your finances together as your couple. Learn how to best plan for your wedding.
Planning Your Finances As A Couple
06:13
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Budgeting For Your First Home
5 Lectures 19:50
Learn about various aspects about buying your first home in Singapore. There are five steps: 1. Determine what is left over each month 2. Estimate future housing expenses 3. Obtain estimate of loan quantum 4. Find out about eligibility for CPF housing grants 5. Work out a budget
Budgeting For Your First Home - Introduction
03:56

Work out your housing loan repayment amount. Learn about Mortgage Servicing Ratio.
Budgeting For Your First Home - Activities
02:59

Here is a Case Study for you to consider. Remember to always have a sufficient buffer. The concept of Mortgage Insurance is also presented here.
Budgeting For Your First Home - Case Study
03:09

The next three steps in the process of budgeting for your first home are presented here. The HDB Priority Schemes are also explained.
Budgeting For Your First Home - Next Steps
05:46

A couple Sam and Kelly want to buy a new HDB home. Which type of flat can they afford?
Budgeting For Your First Home - Activity
04:00
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Starting A Family
5 Lectures 26:56
Find out about various maternity and delivery costs in Singapore. Also find out about the MediSave grant for newborns and the various leave eligibility for parents in Singapore.
Maternity and Delivery Costs
07:59

Here are some insurance considerations when you are expecting. Various strategies in choosing the type of insurance are presented.
Insurance Needs
04:46

Bringing up children in Singapore can be expensive. Find out about the various subsidies available for parents in Singapore.
Bringing Up Children
04:38

Find out about the Enhanced Foreign Domestic Worker Levy Concession. There are also various leave schemes available for parents in Singapore.
Benefits For Parents
04:08

Discover various ways of planning for your children's tertiary education.
Tertiary Education
05:25
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Conclusion
2 Lectures 00:29

We conclude this module on Starting A Family with this lecture.

Useful Links

http://marriagecentral.sg – For Couples Tying the Knot

http://www.heybaby.sg - Marriage and Parenthood Package

http://app.msf.gov.sg/Assistance.aspx – Grants Subsidies and Other Assistance

http://www.iras.gov.sg – Parenthood Tax Reliefs

http://www.moe.gov.sg – Education Fees, Tuition Grants and Bursaries

Conclusion
00:29

In this document, you will find further useful information pertaining to starting a family in Singapore.

Starting A Family - Appendix
7 pages
About the Instructor
Institute for Financial Literacy
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45,395 Students
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Unbiased Financial Education Courses

The MoneySENSE-Singapore Polytechnic Institute for Financial Literacy is a collaboration between MoneySENSE, the national financial education programme in Singapore and Singapore Polytechnic.

MoneySENSE is spearheaded by the public-sector Financial Education Steering Committee which comprises representatives from the Ministry of Health, Ministry of Social and Family Development, Ministry of Education, Ministry of Manpower, Central Provident Fund Board, Monetary Authority of Singapore, National Library Board and People’s Association.

Our financial education courses cover basic money management, financial planning and investment know-how.