6 steps · a few minutes each
Protect My Family
Starting a family, or already raising one? These steps cover both. A safety net, the right cover, school costs and a will. Go in order, or jump to the step you need.
Start Step 1New To This? Read The Short Guide First →
Raising A Child On One Income? Read The Single-Parent Money Plan →
Your 6 Steps
- Step 1: Is My Emergency Fund Big Enough?Emergency Fund CalculatorStart with a safety net. If your family relies on one income, aim for six months of essential spending.
- Step 2: Do I Have Enough Life Insurance?Life Insurance Coverage GapNext, see what your family would need if your income stopped, after the cover and savings you already have.
- Step 3: What Will My Shield Plan Cost?Compare Integrated Shield PlansHospital bills are a separate risk. Compare yearly Shield premiums for each person in your family.
- Step 4: How Much Will My Child's Education Cost?Kids' Education Cost ProjectorPlan school and university costs, then check Edusave, MOE financial help and the CDA.
- Step 5: How Much Will Caring For My Parents Cost?Eldercare & Helper Cost CalculatorOptional: only if you also help pay for your parents’ care. If not, skip to the last step.
- Step 6: Have I Sorted My Will, Nominations And LPA?Legacy ChecklistLast step: a will can name a guardian for your child, and your CPF savings need a separate CPF nomination.
Something Else On Your Mind?
Each step is a free calculator or comparison with its own assumptions and limits. Results are general information, not financial advice.