Ohmyhome CPO Race Wong: "Plan your finances early, have a shared financial goal, work as hard as you can and save as much as possible for your future"

Think of simple swaps you can do in your everyday life that may save you maybe $10-$20 a day – swap a cab for the bus or MRT, bubble tea for water, an expensive holiday for a more reasonable one. These small changes can add up to a few thousand dollars a year.

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Do away with a “you only live once” (YOLO) mindset. Social media has been promoting this lifestyle ideal to treat yourself with the best, whenever you want to because YOLO. And many have, unfortunately, bought into this thinking whole-heartedly, frittering away their hard-earned money in the process.

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Why not keep things simple instead? Let your dream lifestyle wait. It will come if you are prudent.

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In this stage of your life, I would encourage you to know where your money goes, count up the costs and expenses. Choose saving when you can and stick to your financial goals.

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