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I'm from the US and just moved to SG about 2 months ago. In the states, most young people and early-career professionals are saving up for nice cars, big trips, and short-term things. What about here in SG?
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Rais M
05 Mar 2020
Accountant at SME
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I do like Ernest,
putting every possible saving of my salary into equity, particularly technology ETFs.
On the materialistic side I once thought to later buy a good house, but not so sure now, maybe keep renting a flat but buy only a small mountain hut?
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Just Being Ernest
05 Mar 2020
Content Creator at www.youtube.com/c/JustBeingErnest
For me i am saving up to buy stocks for investments and also property as well.
Looking to get and g...
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I guess it is the same over here in Singapore. Everyone save up just for that ONE BIG PURCHASE.
As for me, I had previously saved up specifically for my wedding, new house renovation, for my new born and trips. The purpose of setting aside money for these major activities helps to budget and control my expenses so that I need not worry getting myself into debt in future.
With most of my major events over, I am now saving up for long trips as well as investments.