CPFB | Budget for my home

Managing my housing budget

Purchasing a home is a long-term financial commitment. With smart budgeting, you can still plan for other financial goals to meet your desired lifestyle needs, even in retirement.

Razin budget wisely for your short- and long-term financial goals to live your best life

Work out your budget

Other than upfront payments and monthly housing instalments, consider other things you may need to spend on, such as renovation, furniture and even your day-to-day expenses.

Plan with these in mind so that you can manage short- and long-term housing expenses more comfortably.

Set aside savings in your Ordinary Account (OA)

If it is within your means, use more cash to pay your housing loan and retain an amount equivalent to half a year's worth of your monthly instalment, so that you can still use your OA savings to service loans in times of need.

Unused OA savings earn an interest rate of up to 3.5% and will also form part of your retirement fund in the future.

Understand loan quantums and grant eligibility

Your loan quantum determines how much you can borrow to finance your home, so you can find the right property within reasonable budget.

Government grants can also help to ease your payments for a more comfortable loan tenure.

<Placeholder> If you are ready, go ahead, plan today

Retirement Payout Planner

<Placeholder> Have a goal in mind? Use the Retirement Payout Planner to project your CPF savings to see how close you are, and how much more you may need to support your desired retirement income.

Let's start

Make a cash top-up

<Placeholder> The earlier you top up, the more your savings can grow into higher payouts to support your goals.

Top up now

<Placeholder> Make a cash top-up / Housing Calculator

<Placeholder> The earlier you top up, the more your savings can grow into higher payouts to support your goals.

Let's start

Growing a Nest Egg for the Future

In many ways, growing your savings is a lot like growing plants. Find out what other saving tips Irene learns from Joseph as they build a terrarium together.

<Placeholder> Start early to save more to make the most of your CPF interest

<Placeholder> Lorem ipsum dolor sit amet, consectetur adipiscing elit. Etiam a consequat leo, tincidunt vehicula quam. Ut at massa libero. Nullam aliquet lacus odio. Sed dictum, ligula vel tempor fringilla, enim neque faucibus justo, quis vehicula neque ante eu tortor.

Find out more

<Placeholder> Here's how others are making the most of their savings with easy habits

"With my family to care for, I need to manage my everyday housing expenses prudently. I tend to look out for products that meet my family's needs. They may not necessarily be the most expensive or cheapest, but useful for my family."

- Mohamad Syahid Bin Arif, 42, Full-Time Caregiver

"To keep my CPF savings for my retirement funds, I used my salary bonus to pay for my housing loans instead of tapping into my OA. One budgeting rule I abide by is to always set aside some money for my savings and not to overspend on my wants."

- Audrey Yap, 62, Retiree

Budget for my home

Member

Employer/Business

Managing my housing budget

<Placeholder> If you are ready, go ahead, plan today

Growing a Nest Egg for the Future

<Placeholder> Here's how others are making the most of their savings with easy habits

Last login on {loginDate}

Last login on {loginDate}

Your session is about to time out.

Managing my housing budget

<Placeholder> If you are ready, go ahead, plan today

Growing a Nest Egg for the Future

<Placeholder> Here's how others are making the most of their savings with easy habits