Institute for Financial Literacy


ApexEdu.Asia is proud to collaborate with The Institute for Financial Literacy (IFL).

The IFL is a collaboration between MoneySENSE and Singapore Polytechnic. The IFL provides free and unbiased financial education programmes to the public and do not promote financial products.

The free financial education programmes cover basic money management, financial planning and investment know-how. The aim of these programmes is to develop core financial capabilities.

If your organisation is able to meet the minimum class size of 20, do contact the IFL directly.

If you are not able to organise 20 participants, speak with our consultants and we may be able to schedule you with other groups in a similar situation.

If you’re an individual interested in attending any of the workshops or talks, please contact us too.

Topics Available:

Money Management and Financial Planning
Making Sense Of Your MoneyThis module aims to enable you to set S.M.A.R.T. financial goals and work out how much you need for your goals. You will also be able to develop a budget by tracking your spending, how to cut down on expenses and how to save on a regular basis by using the spending plan. You will also understand how Effects of Compounding Interest can impact your savings and spending.
Financial Planning Begins NowThis module aims to help you understand the process of financial planning. You will also learn how to assess your financial situation and discover your financial fitness through the use of financial statements and ratios. You will have an overview of the financial plans; namely saving, insurance and investment and how they can help achieve financial goals.
Understanding Basic Health Insurance SchemesThis module aims to help you understand the various types of health insurance and their purpose. Understanding the common terms used in health insurance contracts and the implications. The workshop will also help you understand the types of insurance under CPF insurance schemes including Medishield Life how they protect you and if you need all types of health insurance. You will also learn how claims are processed and able to choose a suitable ward to maximise the benefits of your hospital plan.

Credit and Debt Management
Are You Borrowing Too Much?The module aims to enable you to find out if you are borrowing too much, types of loans and the associated costs. You will be able to understand the consequences of over-leverage and implications of bankruptcy. Learn how to avoid borrowing too much and how to resolve debt issues.
Take Charge of Your Credit FacilitiesThis module aims to help you understand how credit card interest is calculated and the consequence of rollover balances. You will understand the new credit card and unsecured credit regulations and ways to resolve debt issues.

Insurance Planning
Do I Need Every Type Of Insurance?This module aims to help you understand various types of life insurance, namely; Term, Whole Life, Endowment and Investment-linked Products. You will gain an insight into their features, benefits and cost and how they are used to meet various financial goals. You will also learn to assess if you need more life insurance coverage. The considerations in selecting a suitable insurance product and the alternative to using insurance to meet your financial goals.
Understanding Basic Health Insurance SchemesThis module aims to help you understand the various types of health insurance and their purpose. Understanding the common terms used in health insurance contracts and the implications. The workshop will also help you understand the types of insurance under CPF insurance schemes including Medishield Life how they protect you and if you need all types of health insurance. You will also learn how claims are processed and able to choose a suitable ward to maximise the benefits of your hospital plan.
Introduction To Estate PlanningThis module aims to help you understand the purpose and importance of estate planning. What are the unintended consequences of intestacy and the considerations in estate planning? What are the basic steps in estate planning and the different means of transfer? Understanding Lasting Power of Attorney.

Retirement and Estate Planning
Building Your Nest EggThe module aims to enable you to learn how to assess your retirement needs and what are the considerations when plan for your retirement. What are the possible options to help you achieve your goal?
Managing CPF Money For Your RetirementThis module aims to enable you to understand your CPF accounts and the changes at age 55. You will also learn about Minimum Sum and what happens if you have a Minimum Sum shortfall. Understand what is CPF LIFE, how it works and considerations when selecting your CPF LIFE plans.
Enrich Your Golden YearsLearn to estimate the retirement income you need, your available resources of retirement funds and calculate if there is a gap in your retirement funds and options available to meet this gap. You will also learn how to plan your finances during your retirement years to ensure that your lifestyle is sustainable and meaningful Understand the importance of health insurance in managing healthcare cost.
Introduction To Estate PlanningThis module aims to help you understand the purpose and importance of estate planning. What are the unintended consequences of intestacy and the considerations in estate planning? What are the basic steps in estate planning and the different means of transfer? Understanding Lasting Power of Attorney.

Investing
Introduction To Personal InvestingThe module aims to help you learn about basic investing concepts and key considerations when investing. You will also learn how you can assess your risk appetite and the various investment strategies. The workshop will also cover the features and risks of some of the major financial instruments.
Is The Deal Too Good to Be True?This module aims to help you understand the different types of scams and how to avoid being a victim. The workshop will also cover some investment schemes and risk of investing in schemes not regulated by MAS. You will learn about unfair practices under Consumer Protection (Fair Trading) Act (CPFTA), ways to seek recourse for consumer and financial products and role of the Consumer Association of Singapore.

More Topics
Buying a Home Within Your MeansThis module aims to help you understand the type of upfront fees and recurring payments you need to consider and budget for before buying a home. You will learn to calculate how much you can afford.
Starting a FamilyThis module aims to help you learn how to plan your finances as a couple and learn how to budget for your first home, the expenses to consider when planning for children and the government subsidies currently available.
Money Management for YouthThis module aims to help youth understand the importance and how to set S.M.A.R.T financial goals. Learn the effects of compounding interest on savings and spending. You will also learn the consequences of overspending on credit card and what happen if there is a rollover balance. You will understand the purpose of CPF accounts and also about common online scams.