MoneySense campaign for 2020 to help Singaporeans build financial resilience

Singapore, 14 August 2020 … MoneySense has updated its outreach messages to help Singaporeans better manage their finances and stay resilient amidst the challenges posed by COVID-19. With a tagline of #stayunitedstayresilient, its 2020 Campaign will focus on helping Singaporeans manage their finances prudently, cope with tighter cash flows, minimise debt, and avoid scams. The campaign will run for 12 weeks from 14 August 2020.

2   The campaign will provide Singaporeans three resources to help strengthen their financial resilience:

i.   MyMoneySense Expense Manager is a new free online tool that helps users review their financial situation, and better plan their resources to tide over periods of financial challenges. Users are taken on a step-by-step journey to adjust their expenses to best suit their needs.
(www.mymoneysense.gov.sg/covid-19/expense-manager )

ii.   Financial Resilience Guide is a new section on the MoneySense website that helps individuals facing financial challenges could take steps to improve their financial situation. The guide provides curated information pertinent for the current period, such as coping with reduced income and meeting recurring financial obligations such as mortgage loans or insurance premiums. The section also brings together relevant information on the government’s COVID-19 relief schemes for individuals.
(www.moneysense.gov.sg/financialresilience )

iii.   Financial Resilience Seminars will be organised to allow individuals to hear from experienced financial trainers and discuss issues of concern. This series of online seminars will be held jointly with the Institute for Financial Literacy (IFL) [1] and cover a range of financial topics, including on financial issues brought on by COVID-19. Places for each session are limited. For details on the seminars, please visit (www.ifl.org.sg/financial-resilience-during-covid-19/ ).

3   Handy tips and fun quizzes will also be posted on MoneySense’s social media platforms over the next 12 weeks. Members of the public can find us on Facebook by searching “moneysense” and on Instagram @moneysense_sg. On our website (www.moneysense.gov.sg ), there are articles uploaded to help make money matters simple, and individuals can also find digital tools and resources such as mortgage calculators and a Financial Health Check to help them manage their finances well.