Baby and Child Support Schemes

Learn about the various costs involved in starting a family in Singapore. Also find out about relevant subsidies.
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  • Lectures 14
  • Contents Video: 1 hour
    Other: 7 mins
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 11/2014 English

Course 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

What are the 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

What am I going to get from this course?

  • 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

What 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

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction
00:51
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
06:13
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.
Section 2: Budgeting For Your First Home
03:56
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
02:59
Work out your housing loan repayment amount. Learn about Mortgage Servicing Ratio.
03:09
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.
05:13
The next three steps in the process of budgeting for your first home are presented here. The HDB Priority Schemes are also explained.
04:00
A couple Sam and Kelly want to buy a new HDB home. Which type of flat can they afford?
Section 3: Starting A Family
08:03
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.
04:46
Here are some insurance considerations when you are expecting. Various strategies in choosing the type of insurance are presented.
05:25
Bringing up children in Singapore can be expensive. Find out about the various subsidies available for parents in Singapore.
04:08
Find out about the Enhanced Foreign Domestic Worker Levy Concession. There are also various leave schemes available for parents in Singapore.
05:25
Discover various ways of planning for your children's tertiary education.
Section 4: Conclusion
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

7 pages

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

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Instructor Biography

Institute for Financial Literacy, 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.

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