Hi all! I’m doing a small social experiment about how SGporeans view ‘future money’. Things like CCs, personal loans or BNPL. Like When you REALLY need borrowed money, which option do you go for first

For most people I know, it’s usually credit cards first just because it’s familiar and quick. If it’s a bigger amount then maybe a bank loan, and BNPL is more for small impulse stuff. Curious to see what your experiment finds!

• Debt is a tool for us to access future money and the cost is the interest.
• Debt is good if you know how to wield it.
• However, we need to have adequate amount of assets/cashflow to support it.

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• Credit card- if pay on time = no interest + rewards.