- Monthly income¹ up to age 120 and a payout upon maturity
- Receive additional payout² upon diagnosis of terminal cancer
- Enjoy potential growth with built-in risk management features
Start building your savings plan
Learn how to start saving, explore different savings options in Singapore, and find answers to common questions that can help you build a stronger financial future.
Save smart for the future
Whether you’re saving for your first home, your child’s education or retirement, having a clear savings plan can help you work towards your goals with greater confidence.
Start by understanding what you’re saving for, how much you may need and how much you can regularly set aside. As your priorities and financial commitments change, review your plan and adjust it along the way.
What does saving look like in Singapore?
Singapore’s personal saving rate was 32.3% in Q2 2026, up from 31.4% in Q2 2025. The personal saving rate represents the share of personal saving out of personal disposable income.
How to start building your savings plan step by step
A simple plan can help you turn your financial goals into manageable saving habits.
- Set a clear goal: Decide what you’re saving for, such as a home, your child’s education or retirement.
- Set a target and timeline: Consider how much you may need and when you would like to achieve your goal.
- Review your finances: Review your income, expenses and existing commitments to determine how much you can save regularly.
- Make saving a habit: Set aside a regular amount and track your progress towards your goal.
- Adjust as life changes: Review your savings plan as your needs, priorities or financial commitments evolve.
A clear plan can help you stay focused and make consistent progress towards your financial goals.
Saving for different financial goals
Different savings goals come with different priorities and timelines. Understanding what you’re saving for can help you decide how to plan for each goal.
Emergency savings
Set aside money for unexpected expenses or changes in your financial circumstances. Focus on keeping this funds readily accessible can help you manage unexpected financial needs without disrupting your longer-term plan.
Short-term goals
For goals you expect to achieve in the near future, such as a holiday or a major purchase, set a specific target and timeline. Regular savings can help you make steady progress towards your goal.
Long-term goals
For goals that may take longer to achieve, such as your child’s education or retirement, think about how much you may need and give yourself time to build towards your target. Review your plan regularly as your circumstances and financial goals change.
By organising your savings around different goals, you can prioritise what matters most and build a plan that supports your current and future financial needs.
Explore solutions for saving smart
- Yearly income up to age 120 and a payout upon maturity
- Receive additional payout upon diagnosis of terminal cancer
Frequently asked questions
There’s no fixed amount that everyone should save each month. The 50/30/20 budgeting rule can be a useful starting point, with 50% for needs, 30% for wants and 20% for savings or investments. You can adjust this based on your circumstances.
Consider your financial goals, savings timeframe, contribution amount, financial commitments and the flexibility you need. Comparing these factors can help you choose a savings plan that aligns with your needs and supports your long-term financial goals.
The information on this page is for general informational purposes only and does not constitute financial advice.
We recommend that you seek advice from a Manulife Financial Consultant or our Appointed Distributors before making a commitment to purchase a policy.