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Anonymous

25 May 2021

∙

What's the biggest money mistake your parents taught you?

Managing money is pretty complicated. Sometimes our parents don't realise that the decisions they make or the lessons they impart can have a huge impact on our relationship with money and how we manage our finances. What's the biggest mistake yours passed onto you?

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The Frugal Fox, sharing ideas @ the-frugal-fox.com

25 May 2021

I would concur with some of the comments below - in general, older generation do not have much mindset on financial awareness, investments or managing money. The core concept to them is purely savings. There are definitely so much more when it comes to financial awareness in Singapore - CPF, investments, robo-advisors, etc.

But the biggest takeaway that I had was to be frugal, to really understand the value of money. And that on most occassions, we can always save wisely.

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Victor

24 May 2021

Financial Service Consultant at AIA

Just save, dont invest

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Zac

24 May 2021

Noob at Idiots Invest

We shouldn't worry about money.

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Egg

24 May 2021

To only focus on saving and not earning

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LEO

12 May 2021

"Don't go and do what investing ah. Don't go and buy what shares and what bonds ah."...

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Anyone has managed to convince your parents to let you manage their money to invest? How did you do so- and how exactly do you payout the returns to your parents?

Hi, how I can save money and make money while in university? Really thinking of getting through university without relying on my parents as I don't wish to add on to their expenses?

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