Thinking of buying that sleak, sexy, saucy red car? Cheap COEs, cashbacks, lower interests and money sitting in the bank earning peanuts. Those sure are good reasons for the buy or are they?
(This is Cost #1 in the The Cost of your Life! series)
In these hard times when money is hard to come by, the last thing you want to do is pay the banks 24% (or even 8%) interest on any sort of debt when they’re only paying you 0.0000005% interest on your savings accounts!
(This is Tip #4 in the Surviving The Recession Financially series)
How much cash do you have? What if you lose your job right now?
(This is Tip #2 in the Surviving The Recession Financially series)
So the recession is here, and the banks have started to lay off staff. The boom days have come and gone, with us in its dust. The STI has fallen by about 50% from its all-time high. How do we best prepare ourselves for the days that follow? What are YOU doing?
I don’t know what’s the deal with Singaporeans, but most of us seems to love owning stuff. We buy all kinds of things, (almost) always first hand. And one fine day, usually several years later, we end up throwing them out due to lack of use. I’m guilty of this myself with sports equipment. =p
Next,
We'll not exist without them.
