Why Most Singaporeans Are in Debt

[WeiHan]

Funz:

WeiHan:

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.

Thing is we do see more young working adults getting into debts even before they buy their 1st property.

The topic is \"most Singaporeans\". The phenomena mentioned are applicable to some young working adults only....There are still many who spend and plan wisely but just barely pulling by.....I don't know why...none of my colleagues splurge their money the above way...but they do like cars....maybe working environment is different.

[CookiesMonster]

Last time I worked in MNC, my HR Dept staff mostly in early 20’s. We had the misfortune to be on same floor n sharing same section. Everyday, from our Finance Dept can hear them boasting to each other abt their boyfrens, cars, diamond rings, bags etc. N how they pester their SO to pay for big ticket items, plastic enhancements. But, come to charity drive organised by Coy n hosted by their Dept. They can chut pattern n avoid contributing.

[osim]

LOLMum:

while i agree that we must spend within our means, it doesnt mean that one has no value or not the right value if one like to or only buy expensive stuff.


what is expensive to one might be just peanut to another.

it is a matter of are you born with a copper, bronze, silver, gold or diamond spoon in your mouth.

Just BE, don't be a WANNABE

[Picolo]

osim:

LOLMum:

while i agree that we must spend within our means, it doesnt mean that one has no value or not the right value if one like to or only buy expensive stuff.


what is expensive to one might be just peanut to another.

it is a matter of are you born with a copper, bronze, silver, gold or diamond spoon in your mouth.

Just BE, don't be a WANNABE

Yes

不要
打肿脸皮充胖子

自然胖就好
LOL

[fightingmom]

Picolo:

osim:

[quote=\"LOLMum\"]while i agree that we must spend within our means, it doesnt mean that one has no value or not the right value if one like to or only buy expensive stuff.


what is expensive to one might be just peanut to another.

it is a matter of are you born with a copper, bronze, silver, gold or diamond spoon in your mouth.

Just BE, don't be a WANNABE

Yes

不要
打肿脸皮充胖子

自然胖就好
LOL[/quote]Then , 那些怎麼吃也不會胖的，那該怎麼辦好？

Ok, ok... Just rhyming with you. :siam: :siam:

[LOLMum]

我天生就是瘦。。。结了婚，生了孩子还是瘦子。。。

[fightingmom]

LOLMum:

我天生就是瘦。。。结了婚，生了孩子还是瘦子。。。

So envy ! Does LOL helps in slimming down ? :scratchhead:

[osim]

WeiHan:

Funz:

[quote=\"WeiHan\"]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.

Thing is we do see more young working adults getting into debts even before they buy their 1st property.

The topic is \"most Singaporeans\". The phenomena mentioned are applicable to some young working adults only....There are still many who spend and plan wisely but just barely pulling by.....I don't know why...none of my colleagues splurge their money the above way...but they do like cars....maybe working environment is different.[/quote]There is no statistic to show how many Singaporeans are in financial trouble but I think there is a general feel that many are splurging. Most people don't reveal when in trouble and they still look affluent despite having debts.

I guess we are bored. There's not much to do in this hot steamy place. Even if we want to spend time at the park, the window period for nice outdoor weather is so short. So many goto Malls, temptations are high. All the shops asking you to buy. One group I feel really sorry for are the Young People. They are the most vulnerable group to be in debt. There is so much material temptations, very tough for them to control not to buy.

My family way of helping our kids is to help them to find a hobby or interest and cultivate it. Yes, they may spend much for that interest but at least it is only for that and not so many other things and hence a lot frivolous purchase. We also teach them to be aware of the passing attachment one feels when seeing something he loves to bring home. I guess we are successful so far. My kids are thrifty. My son still send his shoes to cobbler to mend. He allows me to get him a new pair only if the old one is in a very bad state. He spend only on his hobby like stamp collecting and save most of his pocket money.

[verykiasu2010]

LOLMum:

我天生就是瘦。。。结了婚，生了孩子还是瘦子。。。

那不是浪费太多米了?
吃了等于白吃,浪费功夫..... :evil: :rotflmao:

[Karen4791]

haha…