Why Most Singaporeans Are in Debt
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the person with debts problems should ask themselves this :
1. do I really need a car ?
2. must I really go on expensive holidays ?
3. must I really get those branded clothes / bags / watches / phones etc ?
4. do I really need those solitaire ?
5. must I really hang out so often and spend so much in pub, ktv, parties etc etc
need a car because of girl friend ? then this kind of gf better not to have if cannot live within their means / don’t prioritise in savings
young people should learn how to save before spending as if they have a gold mountain -
wedding rings are simply uncomfortable, compared to wearing no ring, if you think about it
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Prataking:
wedding rings are simply uncomfortable, compared to wearing no ring, if you think about it
ya, don't need those suffer-ring -
verykiasu2010:
:rotflmao: indeed. But i would still marry this man if I start all over again. So yup, i may grumble ang grumble, but I guess I still love what I am doing.Prataking:
wedding rings are simply uncomfortable, compared to wearing no ring, if you think about it
ya, don't need those suffer-ring -
Prataking:
wedding rings are simply uncomfortable, compared to wearing no ring, if you think about it
I am probably a cow skin lantern.... I prefer to be wearing the wedding ring. With Rock or kosong. -
verykiasu2010 & LOLMum, quite true.
bottom-line, it depend on individual. -
Why Most Singaporeans Are in Debt?
coz most don’t want to lose out to their peers… also a kind of kiasuism… -
LOLMum:
why must keep up with the Joneses ?verykiasu2010:
[quote=\"CookiesMonster\"]Unfair-Maybe
But, true to say that it is hard to escape from keeping up with the Jones.
Can this be prevented? Maybe. If a child is brought up exposing to it without being educated to distinguish between needs n wants. Once they have the purchasing power, do you think it would be easy to curb succumbing to it especially if their peers are decked out in branded stuff? Never mind if they had to leverage on future income cos there is always Daddy-Mommy's bank to fall back on provided they are well-off. What about those living from month to month salary. Sometimes, I wonder if those bankruptcy notice taken out against youngsters fall under this category?
may be the Joneses are trying to keep up with me !
This I believe. Nope, seriously....I believe!!![/quote]Therefore, it is a viscous cycle. -
WeiHan:
Thing is we do see more young working adults getting into debts even before they buy their 1st property.Is the above scenario typical of Singaporeans?
I think it is quite unfair to paint a picture that most young singaporeans splurge on expensive luxurious items.
I think the most appropriate answer is that properties are too expensive and most new couples who bought a new home will be in debt for most part of their life. -
verykiasu2010:
Peer pressure, i guess plays a part too.the person with debts problems should ask themselves this :
1. do I really need a car ?
2. must I really go on expensive holidays ?
3. must I really get those branded clothes / bags / watches / phones etc ?
4. do I really need those solitaire ?
5. must I really hang out so often and spend so much in pub, ktv, parties etc etc
need a car because of girl friend ? then this kind of gf better not to have if cannot live within their means / don't prioritise in savings
young people should learn how to save before spending as if they have a gold mountain :goodpost:
I have this colleague - LY, who is younger than colleauge J. LY is single and earns a decent salary, buys Rolex and branded bags. She complains at one stage she is depleted of her savings but happy with her buys.
J is simple and doesn't not carry branded goods before; started to hang out with LY. J started to enquire about Rolex watches (in Rolex boutique), how much, which model and then went on to own Prada bag. Next, is aiming for Rolex.
Then there is W, who is quite 'Ah-Lian' in dressing and don't even know Kate Spade brand. NEVER own a branded bag. Now, she carries a Bottega - she seats next to this girl that is into high end branded stuff as well.
Peer pressure if you are not emotionally firm / secured, i guess. Then slowly, into debts.
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