Advertisement

Anonymous

13 Jun 2023

∙

Is endownment counted into savings? Because i feel like i'm saving $$ to pay off my insurance plans so i want to know is that counted?

17

Discussion (17)

What are your thoughts?

Learn how to style your text

Robin Chan

01 Aug 2023

Endownment plan is a form of savings.

A forced saving for your own good.

Pay $ within your capacity.

Go for short term if possible.

Do not lock all your money inside the plan.

Reply

Save

YOC

01 Jul 2023

I would say yes because you will get it back eventually.

Reply

Save

Choon Yuan Chan

30 Jun 2023

Up to your intrepretation

Reply

Save

Ian

29 Jun 2023

Yes, it is considered a form of savings

Reply

Save

Stella

21 Jun 2023

Yes endownment plan. In the past, I purchase a lot of endownment plan but I feel fixed deposit is be...

Write your thoughts

Related Posts

Hi all, would like to seek opinions from everyone on the optimal amount in percentage of take home pay, to spend on insurance (savings, life insurance, hospital plan, accident, investment) each month?

I am paying insurance for 25 years. Any recommendation on savings plan that I can save either single premium/monthly/annually which also help to pay off my insurance premium with some bonus to keep?

Hi I would like to ask how much is too much for paying insurance? I’m 25 this year and I’m paying a total of $330 for my ILP, Personal accident, hospitalisation and CI.

I'm currently Year 2 in university and my peers are already investing and I feel like I'm lagging behind them because I'm not investing. I do want to be rich but is investing for everyone?

If you have $30,000 now, and plan to save/invest $1000 more every month, how would you diversify your investments and savings? I have some plan on it, but want to know what everyone thinks!?

Related Posts

Hi all, would like to seek opinions from everyone on the optimal amount in percentage of take home pay, to spend on insurance (savings, life insurance, hospital plan, accident, investment) each month?

I am paying insurance for 25 years. Any recommendation on savings plan that I can save either single premium/monthly/annually which also help to pay off my insurance premium with some bonus to keep?

Hi I would like to ask how much is too much for paying insurance? I’m 25 this year and I’m paying a total of $330 for my ILP, Personal accident, hospitalisation and CI.

I'm currently Year 2 in university and my peers are already investing and I feel like I'm lagging behind them because I'm not investing. I do want to be rich but is investing for everyone?

If you have $30,000 now, and plan to save/invest $1000 more every month, how would you diversify your investments and savings? I have some plan on it, but want to know what everyone thinks!?

Advertisement