Dear Valentine, How 'Much' is your Love?

14 February is Valentine’s Day, a day where those with a partner celebrate love and those without partners celebrate friendship. It is also a day that florists look forward to and boyfriends dread – the one single day where the prices of flowers like roses sky-rocket, much like the tulip craze in the 20th century.
Interestingly, as much as we would like to believe that ‘love can overcome everything’, there are very much more ‘financial obstacles’ that you and your valentine would eventually face, should you decide to take your love to the next level from courtship. Below are just some ‘hurdles’ that you have to face and overcome together as a couple:
1)      Wedding packages
If you think that roses on Valentine’s Day are expensive, check out the cost of wedding packages. A wedding ceremony can be a simple ‘sign-your-life-away’ ceremony at Fort Canning, with a buffet to reward your eye-witnesses or it could be as extravagant as an events totaling up to more than hundreds of thousands. It all depends if you or your partner has a fairy-tale idea of a wedding where you fly all your guests on all-expenses paid trip to an exotic (and usually unknown) island in the far Pacific and take your once-in-a-lifetime wedding pictures in 4 different locations around the world with 10 different gowns and suits to choose from. Yes, such weddings do happen in real life! So gentlemen, before you decide to pop the question, make sure your idea of a beautiful and memorable wedding is somewhat similar to your partner’s. It is no wonder that a wedding ceremony is ranked as one of the top 3 most stressful life events.
2)      Moving into your dream house
If you think a wedding package is the most expensive item on the plate, you gotta be kidding yourselves. Welcome to getting that dream home of yours. A simple 4-room HDB flat can easily cost you from $300,000 to $800,000, depending on its location. A private condominium? Anything from $1M (for a decent 2-bedder) to $4M, again depending on its location. Just when you thought settling the home loan does the trick, enter “renovations and furniture”! Yup, depending on the interior designer you use and the type and brand of furniture you buy (even going right down to the brand of taps and toilet bowls you use), your budget for renovations and furniture can easily reach $50,000 for a simple 4-room HDB to even exceed $1M for a condominium (I kid you not!) There are six-figure ‘exquisite’ interior designs (and we are just talking about the apartment design on paper only) and designer sofas to start off. You had better sound out your partner today about that dream house that you may one day build together. If not, your dream house can really, literally, turn into a dream…
3)      Cost of building your future together – with kids!
Your kids are the loveliest and cutest self-propelling, moving objects you will ever see in this world and the costs of having them will not be anything less than lovely. (I apologise for my sarcasm and distasteful punts) Consider the cost of childcare in Singapore. It could set you and your partner back by $800 to $1,000 a month per kid for full-day child care while you and your spouse are at work. Baby bonus? It will be used up before you can finish saying the words ‘I have just received my baby bonus!’. Is that all? I would have to say an apologetic no. The cost of varsity fee is inflating at about 5-6% a year, near doubling the cost of inflation for daily goods which stands at 2-3%. A varsity course standing at $40,000 today will become $106,000 in 20 years’ time. Time to look for a professional adviser to help you do some planning if you have not. (Find an unprofessional one and he/she will set you back even further on your finances.)
The above seems to make the future look really bleak for love-birds out there today who are just looking forward to celebrate Valentine’s Day each year and fill each other’s hearts with love and affection, and some are probably running for that ‘Best Boyfriend/Girlfriend Amongst My Circle of Friends’ award of the year. But on a more serious note, prudent financial planning and discussing with your partner on their financial preferences and habits are ‘must-dos’ before marriage if you want to have the provident ‘live happily ever after’ life. Financial woes are one of the top 4 reasons for divorce in the world today and it does not take a rocket scientist to know why. Never let money issues affect affections of the heart. Let money be your slave and not the other way round. Happy Valentine’s Day, my dear.
Insure yourself, protect others.

Like us at our Facebook Page. Request for a Free Life Insurance Quote or Buy your Personal Car Insurance today!
Disclaimer: All information, commentary and statements of opinion contained in this publication are for general information purposes only. They are not intended to be personalized financial or investment advice as they do not take into account your individual circumstances. You are advised to speak to a qualified financial consultant before making any financial decision. This publication should also not be construed as an offer or solicitation to purchase or sell any insurance or non-insurance products including any that may be mentioned here. Whilst we have taken all reasonable efforts to ensure that the material contained in this publication is accurate and informative, and the author of this article do not warrant or guarantee its accuracy, reliability or completeness., its employees, parent, related companies, agents and the author of this article will not be liable for any direct, indirect, incidental or any other type of loss or injury resulting from your use of this content.
Copyright © 2017 All rights reserved. No part of this publication may be reproduced, stored, transmitted in any form of by any means without’s prior written consent.
If you are seeing this article sent through your email from, it is because you had subscribed for it at some point in the past. If you do not wish to receive such emails in the future, you can unsubscribe by clicking here to submit your request. Thank you.

The author of this article, Mr Sean Ong is a Certified Life Coach, a Master Practitioner in Neuro-Linguistic Programming and a Chartered Financial Consultant who has been featured on the local TV and radio, having begun his career in the finance industry since year 2002. In his efforts to contribute to the society, Sean ran 1,000 km over 87 days to successfully raise more than $13,000 for a children charity in year 2012. He also published a book subsequently where sales proceeds were donated to charity. Sean completed his Masters of Science Degree in Technopreneurship & Innovation in year 2020 and was honoured in the Director’s List for academic excellence. He has keen interests in InsurTech projects and mental wellness initiatives for the youths. Above all, Sean counts knowing Jesus Christ as the most significant event of his life. He can be contacted at

You Might Also like
This article requires an average reading time of 3min 39sec; to understand, it requires 3min 39sec, a little longer into the future or never at all.
In the busy world we live in, it is not difficult to find an individual who is self-motivated to strive for greater heights in life as measured by power and position held at work, the car one drives, the dwelling the person stays in or the amount of cash stashed up in the bank. Many success stories are shared on how one struck it rich at a young age with an innovative idea that sprung into a tech company but little light is shed on how an over-achiever with abundant physical possessions and money can also fall into deep depression.
As the Chinese New Year approaches, besides the usual hustle and bustle of doing spring cleaning, clearing out the trash, buying some new clothes, coordinating the reunion dinner on New Year’s Eve, the next big thing on everyone’s mind, especially if you are the giver and not the recipient, is: how much Ang Pow money should I be giving? is jointly owned by ALP Rocks Pte Ltd “ALP” and IPP Financial Advisers Pte Ltd “IPPFA”. IPPFA is a Financial Advisory Firm licenced under the Financial Advisers Act and Exempt Insurance Broker. ALP is a Singapore-registered Fintech company certified by Singapore Fintech Association as an InsurTech provider. ALP has been appointed by IPPFA as the administrator of this website.

All insurance quotations on are provided by IPPFA with any financial advisory process to be conducted by a Financial Adviser Representative from IPPFA. Details of IPPFA’s license can be found at