For those of you that own a house, and especially those that have gotten a mortgage loan in the past 2 years, this recession may just bring you some good news Oh, this applies if you’re thinking of buying a new house, too.
(This is Tip #5 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
Yes, we all know you coffee addicts can’t do without your daily cup of “nourishment”. But when coffee, and coffee alone, is setting you back enough to buy a top-end coffee machine every year, you ought to be relooking how you drink your coffee.
Next,
We'll not exist without them.
