Invest that money in REITs or ETFs (Straits Times Index or S&P500) and easily get about 7-9% (safer, passive option). Also, if you're capable of evaluating good & cheap companies, Stocks can cross over 10%. Why put that money in a fixed deposit for the bank to give you only 2% when they are using your frozen amount to invest for waaaay higher returns?
How many people I know are doing: Don't spend more than your income (duh), use CC only for low to 0% instalment plans or if the product/services have some special sales promo for it. Avoid paying min. you will fall into a debt trap. Use a Debit card for everything else. Especially if you're someone that don't keep track of your spendings regularly... at least you will start be more aware everytime you see your bank balance get lesser and lesser. Personally I've never fallen into the trap but from what I observed from my friends and relatives, the only way is to make a lot of sacrifises to increase their income and reduce their lifestyle expenses for the period till they pay it all off, then never to make the same mistake again.
Looking back, I would have regretted if I didn't attend his course. Cayden's super beginner friendly, fun and easy to understand class was really valuable to me. He keeps to his promise to guiding everyone step by step, from opening an account to evaluating a good/bad company to eventually purchasing our first stock. His classes are super interactive and the after-sales support is amazing. It is such a blessing that everyone in the committee is dedicated to supporting each other via the closed group and monthly gatherings.