Such general financial advice is free and non-specific enough that the financial blogsphere does not need a license to dispense. It serves as a checklist for some. It also makes clearer the distinction between general financial advice and specific financial advice, where the latter is a regulated activity that requires a license in Singapore.
The Author is a volunteer at the Institute for Financial Literacy (IFL) at Singapore Polytechnic. Much is aligned with MoneySense which is Singapore’s national financial education program that seeks to help Singaporeans to manage their money well and make sound financial decisions on their own.
IFL is a collaboration between MoneySense and Singapore Polytechnic. Founded in 2012, IFL is the outreach arm of MoneySense and conducts free and unbiased financial education programs for the public.