How foodpanda delivery partners can plan for greater financial stability

Endowus and foodpanda Singapore are collaborating to provide delivery partners with financial education resources, under its Endowus Empower programme. This initiative seeks to boost financial literacy of platform workers, given their unique financial circumstances. Delivery partners want to improve their knowledge to better manage their personal finances, as revealed in a survey Endowus conducted with over 300 foodpanda delivery partners.

Watch the replay of the financial literacy session conducted at foodpanda's Rider West Hub, as Sheng Shi, Personal Finance Lead at Endowus, advises pandariders how to better organise their income stream(s) and budgeting, and offer actionable tips to take charge of their financial future.

Chapters
0:00 – Introduction
0:42 – Why delivery partners need to "own" their finances
1:25 – Financial commitments you may have
2:55 – What delivery partners must note
3:57 – foodpanda-related deals or resources for riders
4:55 – How to track one's finances more carefully
6:07 – How are your financial vital signs?
6:41 – How to think about spending prudently
8:34 – Track your finances top-down: "Pay yourself first"
9:52 – Track your finances bottom-up: Your realistic expenditure
13:51 – Free budget tracking tools
16:20 – Why you need emergency funds
17:46 – The criteria for emergency funds
19:31 – Cash management solutions
21:58 – Difference between saving and investing
23:04 – Preparing for CPF investing and contributions
25:26 – What CPF can be used for
27:33 – Pros and cons of voluntary CPF contributions
29:33 – CPF obligations for gig workers in 2024
30:29 – Summary: Focus on what you can control
31:26 – Conclusion

Our MAS Licensed Financial Advisors are always here to help:

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