S1E208: Retrenchment survival guide financial tips: BT Money Hacks

If you’re financially prepared, being laid off may not be so daunting. But that’s key: being prepared. How long does it take to do that and what are the steps to take? Howie Lim speaks to Daphne Tan from CMC Markets Singapore and Zac Ng from PhillipCapital. Synopsis: Every Monday, The Business Times breaks down useful financial tips. Highlights: 01:13 Drivers of current retrenchment wave 03:55 How much the emergency fund should be 07:26 Don’t doubt yourself 09:31 What should be cut --- Send us your questions, thoughts, story ideas, and feedback to [email protected]. --- Written and hosted by: Howie Lim ([email protected]) With Daphne Tan, head of business development CMC Markets Singapore and Zac Ng, senior director of financial services, PhillipCapital Edited by: Howie Lim & Claressa Monteiro Produced by: Howie Lim & Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media --- Follow BT Money Hacks podcasts every Monday: Channel: bt.sg/btmoneyhacks Amazon: bt.sg/mham Apple Podcasts: bt.sg/oeXe  Spotify: bt.sg/oeGN  YouTube Music: bt.sg/mhyt Website: bt.sg/moneyhacks Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Correspondents: bt.sg/btcobt BT Market Focus at: bt.sg/btmktfocus BT Podcasts at: bt.sg/pcOM BT Branded Podcasts at: bt.sg/brpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.