Signup
LoginSpending every cent more shiok!
57 posts
-
-
I don't know lah..I find that saving money don't bring a return of the income unless you're saving in big sums like 5k a month and put it in a unit trust fund..
So idf you earn less than 2k amonth, you probably will not only spend it all but even use credit card lah...people wanna live and play hard not like our grandparents time save and live hard liao
-
-
-
it is very common for westerners to live in credit, not only they spend every cent, they still have outstanding debts.
im not exactly an advocate for that kind of lifestyle but if u wana spend every cent u earn...make sure it is something good and enriching to ur life.
do you spend it on ur holiday to explore the world? a hobby that you are really into? nicer furnishings for your house? or on ur PRC mistress?
for me i spend a big chunk of my earnings, but i make sure i spend it on things to enrich myself...the rest of the savings i used to buy a few stocks, if they make money, i hv more to spend...if they dont...it doesnt matter much coz im pretty happy with my life.
i know i dont hv an iron rice bowl, but im prepared to work hard and if i ever lost my job id go hunt for the next one almost immediately. i really believe in working and playing hard. so, it really depends on oneself.
p.s. im not going to have children so i dont hv to worry bout saving up so much, and sorry for the long post
-
-
-
Originally posted by Osc@r:
My spending theory:
Spend when neccessary, splurge and pamper myself once in a while, never be stingy towards my famil and love ones.
Right after my exams in may, before I start work, I will be drafting a personal finance plan for myself, and keep an income statement for every month I work. Must die die track every single dollar, if not money can gone very fast.
Anyone knows if first year at work after graduation also need to pay income taxes?
-
-
-
Originally posted by bryanw:
dont evade your taxes lao ying. lol
I'm looking to invest in the sti etf (also can use CPF de) when the index drops lower, and other sources of passive income... All these are non-taxable
But I will still play very safe, rather earning less or losing to inflation then losing the capital sum. Me is very very risk averse one.
-
