Why do some people feel it is important to save money and why do some people feel otherwise? Have you known anyone who might fell into these two categories? According to a yahoo article today, 2 out of 3 Singaporean admitted to saving less than 20% of their monthly income. While there are many who have contributed to household costs and living, I am sure there are many as well who splurge their money on things like upgrading cars, branded clothing and most commonly….Vacation.
For most people, they enjoy first and suffer later. They bought things and gadgets that look appealing to them at first sight, but lose value soon after. Having said that, I know of a friend who is trying to save money by eating cup noodle regularly for his meal. While this may help him to save costs in the short term, his health would be damage in the long run.
After all, Savings, isn’t about depriving yourself, but figuring out what you are wasting your money on. Treat yourself well but with discipline, and wealth will come to you in the long run.