Before we start, tell us which life phase you’re in:
No matter what stage of life you’re currently at, it’s important to not just live in the now, but also have an eye on the future — this way, you can start preparing financially for your ideal life.
In collaboration with property developer IJM Land Seremban 2, we’ve come up with a few tips to ensure you’re financially ready for each life phase.
- Save up for an emergency fund:
- When you’re first starting out, set aside money every month to build your emergency fund. This will come in handy for emergencies or unforeseen expenses.
- Get health and critical illness (CI) insurance:
- The best time to get insurance is while you’re still young and healthy. Health insurance covers medical expenses, while CI insurance gives a payout if you’re diagnosed with a serious illness.
- Consider what kind of home to buy/rent:
- As a single person, you may think a small home is sufficient, but don’t rush into it just yet. Consider your life in a couple of years — think about what kind of home you’d like to grow into.
- Talk about your long-term financial goals:
- It’s important to think about your future as a couple, whether you’re planning to get married, move in together, or have kids. Don’t just spend in the present; save into your future together.
- Think about setting up a fund for joint expenses:
- One way to prepare financially as a couple is by having a joint fund for things like holidays, weddings, or other big purchases. With this, you won’t have to dip into your personal savings.
- Consider what kind of home to buy/rent:
- As a couple, you may be thinking of getting a place for just the two of you. But wait, before you settle on a place, consider what kind of home you’ll want 5 or 10 years down the road.
- Get life insurance for yourself, and health insurance for your family:
- When you become a parent, life insurance is important to ensure your loved ones’ financial wellbeing in case of your absence. You should also make sure they’re covered with health insurance.
- Find out about parental leave and benefits:
- If you’re becoming a parent, make sure you’re aware of the leaves and benefits your company provides. Plan your finances, as you may need extra time away from work during this season of life.
- Start estate planning:
- Even if you don’t have a lot, it’s important to start estate planning and write a will. This will give you extra peace of mind and protect your loved ones’ financial security.
- Invest in a home for the future:
- Now that your family is growing, invest in a home that suits your lifestyle. Whether you value space, connectivity, or nearby amenities, find a home where your family can live comfortably.
- Sit down with them to review their finances
- Have an open conversation with your parents to understand their assets, income, debts, and expenses. It’s important to ensure they have a clear financial picture and a plan in place.
- Simplify and automate their payments
- As your parents get older, they may find it more challenging to manage their finances. Set up automatic bill payments and help them organise their financial documents, so they don’t miss anything.
- Make use of government assistance for senior citizens
- Explore available assistance programmes from the government. This may include payouts or subsidies for healthcare, housing, income, and more.
- Consider living in a multigenerational home
- If feasible, live together with your parents in a multigenerational home — some of these homes are designed so your parents feel like they’re staying in their own unit, while being close to you.
Ultimately, one of the biggest financial considerations you’ll probably face is buying a property
There are various things to consider when buying a home, especially how it will serve your loved ones.
As a parent, you’ll want a home where your kids have enough space to grow up in. For those taking care of elderly parents, having extra rooms and easy access is important. And even if you’re still single or newly married, it’s crucial to invest in a home that is not just for the short-term, but can keep up with your future aspirations.
Looking for a dream home that will fit your current and future lifestyle?
Introducing Sutera @ S2 Heights Aman, a new development by IJM Land that features thoughtfully designed 2-storey link homes!
In case you didn’t know, S2 Heights Aman is a new 400-acre precinct, boasting lush green landscapes as well as a coveted Seremban 2 address. Whether you’re single, married, have kids, or have elderly parents, you’ll find yourself right at home in S2 Heights Aman, which is full of breathtaking scenery and convenient amenities.
As for Sutera @ S2 Heights Aman, it features a collection of contemporary 2-storey link homes thoughtfully designed to cater to multigenerational living while seamlessly blending modern aesthetics with practical functionality. If you’re thinking of investing in a home that’ll grow with you into the future, Sutera @ S2 Heights Aman checks all the boxes.
From shared meals in an open-concept kitchen to cosy gatherings in a welcoming living area, each corner in Sutera invites homeowners to experience the joy of being together.
The Unit
308 units
Smart home system
22’ x 65’
1,949 sq ft – 2,106 sq ft
Four bedrooms, three bathrooms
Digital door lock
EV ready
Underground utilities
The Environment
The Amenities
Images for illustration purposes only
Invest in a home that will grow together with you at Sutera @ S2 Heights Aman!
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