Have you wondered whether you’re financially ready for life? UOB’s newly launched financial health check is here to help you find out. This simple and practical tool helps you assess your financial fitness against broad guidelines, benchmark yourself against peers and take action where it matters.
Based on insights from the 2025 UOB ASEAN Consumer Sentiment Study (ACSS)1, the quiz focuses on four key pillars of financial wellbeing - saving, insuring, investing and legacy planning. Whether you’re just starting out or planning for retirement, this tool helps you understand where you stand against guidelines and what you can do next.
Why this matters
The 2025 ACSS revealed that while ASEAN consumers remain optimistic about the economy, Singapore saw the largest drop in consumer confidence from 2024. More concerning, only 17% of people in Singapore met three or more of the four key pillars of financial planning guidelines recommended by the Monetary Authority of Singapore (MAS).
This suggests while many people may feel confident about their personal finances, they may not be taking sufficient steps needed to stay financially secure.
What the financial health check covers
The financial planning quiz walks you through four key areas:
- Save
- Do you have at least three to six months’ of expenses saved in an emergency fund? This buffer helps you stay afloat during unexpected events like job loss or urgent home repairs.
- Insure
- Are you protected against critical illness, death, and total permanent disability (TPD)? Insurance is like a safety net; it takes care of large medical bills and ensures your loved ones aren’t left vulnerable should something happen to you.
- Invest
- Are you consistently setting aside money for retirement and long-term goals? As a guide, you can consider investing at least 10% of your take-home pay if you have the risk appetite.
- Legacy planning
- Have you made essential arrangements like a will, CPF nomination, Lasting Power of Attorney (LPA) and Advance Care Planning (ACP)? These steps ensure your wishes are respected and your assets are distributed smoothly.
One of the most useful features of the financial health check is its ability to show how you compare to others in Singapore. Key findings from the 2025 ACSS include:
- 61% of Singapore respondents have saved at least three months’ worth of expenses in an emergency fund.
- 19% meet recommended protection guidelines.
- Less than half (47%) invest at least 10% of their take-home pay.
- Only 18% of Singapore respondents have completed essential legacy planning steps.
These numbers highlight the importance of taking proactive steps, especially if you’re younger and just starting your financial journey.
Your financial needs change over time
Your financial priorities evolve as you move through life. That’s why the financial planning quiz isn’t a one-time tool, it’s something you should revisit periodically.
- If you’ve just started working - focus on building emergency savings, securing basic insurance and investing towards long-term goals.
- If you’re supporting children and aged parents, you might prioritise insurance to protect loved ones, while investing towards your retirement.
- As you approach retirement, legacy planning becomes more urgent.
The financial health check reminds you to stay on track, no matter your age or stage of life. Your financial needs may vary, so adjust these general guidelines to fit your unique circumstances.
Ready to take control?
Click below for a quick snapshot of your financial readiness, along with practical steps towards a more secure future.
While the information provided herein is believed to be reliable as at the date of publication, United Overseas Bank Limited makes no representation or warranty whether express or implied, and accepts no responsibility or liability for its completeness or accuracy. The Financial Health Check Quiz is benchmarked against the Basic Financial Planning Guide and 2025 ASEAN Consumer Sentiment Study (ACSS) and is for general information only - it does not have any regard to your specific investment objectives, financial situation and any of your particular needs. This should not be regarded as an offer, recommendation, solicitation or advice to buy or deal in any insurance or investment product and shall not be transmitted, disclosed, copied or relied upon by any person for whatever purpose. Any description of insurance or investment products is qualified in its entirety by the terms and conditions of the insurance policy or investment product. Nothing in the article or the Financial Health Check Quiz constitutes accounting, legal, regulatory, tax, financial or other advice. Before making a commitment to purchase any policy or investment product, you should consult your own professional advisers or speak with a UOB Banker to discuss the issues herein. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. This advertisement has not been reviewed by the Monetary Authority of Singapore.
