Times are tough. Singapore is staring at an upcoming recession, with the Singapore Government projecting Gross Domestic Product (GDP) to fall 4% to 7% this year. Unemployment is also rising. In the first quarter of 2020, data from the Ministry of Manpower (MOM) indicates that Singapore’s overall unemployment rate has risen from the previous quarter, increasing from 2.3 to 2.4 per cent. This 2.4 per cent rate is the highest Singapore has experienced since the 2009 global financial crisis, due in part to the fallout from COVID-19. I would think that most of us would be affected financially or know someone who has been financially affected during this difficult time. And its times like this when debt like your home loan can weigh heavily on your finances and affect your cash flow. In Singapore, the Median Gross Monthly Income from work, inclusive of CPF contributions of full-time employed residents is at $4,563. Out of this amount, $1,232 goes to your Central Provident Fund (CPF)....