What do you feel is a meaningful 'spend' of your money? - Seedly
 

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Asked by Anonymous

Asked on 11 Sep 2018

What do you feel is a meaningful 'spend' of your money?

I'm early in my career and planning a family. Interested to know the thoughts and concepts here by a prudent community and maybe even those who are beyond their early phase, and if they could turn back the clock what would be a good use of your money.

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Junus Eu
Junus Eu
Top Contributor

Top Contributor (Sep)

Level 8. Wizard
Answered on 08 Jun 2019

The money I spend which contributes to heartfelt smiles from my loved ones - that is a meaningful spend of money, in my opinion :)

I still stand by that belief, even looking back.

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I am a meaningful person and might just give u some good answer.

With ur context, you should focus on 1. Ppty tt can house u and ur future family The ppty should be just big enough instead of the biggest even if you can afford it.

Planning forward a 5rm is more expensive then a 4rm flat and ur children will usually move out as they start their own family.

Cash is King and spend on what u need rather then herd instincts. With more cash after the MOP, you can buy pte ppty if absd is acceptable for u and the cash u saved from purchase can be the deciding factor.

  1. Shopback allows you to get cash back so use it to ur advantage like A) honey koon B) furniture C) Electric Equipments

  2. Use the Savings wisely with income generating investment.

When you have money and good habits, you will also start to spend money wisely and meaningfully with ur close ones.

If u dun have money, and try to spend, it will nv be meaningful.

Hope my reply helps.

If you feel this reply have Quality, please upvote and check other Quality Reply.

https://seedly.sg/profile/a-kenichi-xi

Thank you.

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Nicholas Chan
Nicholas Chan
Level 5. Genius
Answered on 17 Sep 2018

Meaningful spend for me is investing in assets that would give me long term returns. Also spending on love ones, but not lavishly.

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Yong Kah Hwee
Yong Kah Hwee
Level 6. Master
Answered on 17 Sep 2018

Travelling! Of course, don't spend extravagently. Also, food! You need food to survive, so why not go get those good food! Again, nothing too extravagent because it'd just be a waste otherwise!

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Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 6. Master
Answered on 17 Sep 2018

Self improvement, either through books or attending courses

Buy experiences you can't otherwise get in Singapore, like travelling

Tithing to church

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Ck Chai
Ck Chai
Level 4. Prodigy
Answered on 17 Sep 2018
  1. Spending on travelling and knowledge / education to widen one's perspective & horizon

  2. Spending on your loved ones... but not just in terms of monetary or materialistic aspect, but also in terms of spending time to care

  3. Spending on enjoyment (eg. food / concerts / hobbies/sports) as an occasional self pampering / de-stressing

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  1. Getting experience - holidays, limited edition shows, unique places
  2. spending it on loved ones
  3. education and certifications
  4. Food ! 🤭

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HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 8. Wizard
Answered on 16 Sep 2018

Meaningful spend of $ is to:

  1. Spend on growing knowledge, so may enrish self to grow and better self more and be able to guide / help others and get more income to do #2.

  2. Spend on growing financial knowledge and investment, so may get more $ to bde able to gain more wisdom and financial, to be able to do something bigger of collective ideas/ knowledge/ talent and skill such as a company to do more, to help, to build a new tech advances to better the life of others.

  3. Finally, with all the $, could start foundations for educating the needly / not so well do to, donate to medical advances.

The above would be my thoughts of meaninful spend of $ :)

What's yours ?

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Leong Wen Fong
Leong Wen Fong
Level 6. Master
Answered on 16 Sep 2018

Either things that upgrades yourself, be it in skills, knowledge, or even confidence

Or on your loved ones to make them happy or show that you believe in them

or to give generously to others, so that you can change the lives of others. That’s where your legacy will lie

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Good Day Every Day
Good Day Every Day
Level 6. Master
Answered on 16 Sep 2018

Spend it on your loved ones.

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Gabriel Lee
Gabriel Lee
Level 6. Master
Answered on 16 Sep 2018

Spend on needs over wants and pamper yourself and your loved ones occasionally as well as a family trip overseas once a year :)

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Jay Liu
Jay Liu, Diploma in Accountancy at KHEA
Level 6. Master
Answered on 16 Sep 2018

Spending it on knowledge, travelling. Maybe at times a upgrade of a computer, phone after not changing it for years. Giving gifts to your parents/ siblings on occasions e.g. Birthdays.

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Isabella Jo
Isabella Jo
Level 4. Prodigy
Answered on 16 Sep 2018

Money to buy convenience eg grab to save time so I can be home earlier and play with my little girl.

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Teresa Wu
Teresa Wu
Level 3. Wonderkid
Answered on 16 Sep 2018

Courses on self improvement! Widens your perspective on things.

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Soh Sing Heng
Soh Sing Heng, Financial Blogger at SG Young Investment
Level 4. Prodigy
Answered on 11 Sep 2018

Money spent on my loved ones especially those that can create memories such as travelling together.

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