Singapore is one of the expensive countries in the world. People living in Singapore, therefore, have involved themselves in a very expensive lifestyle that affects the amount of money that they would have saved if only they were living an ordinary life. Eating inexpensive restaurants, shopping all the time, their desire to get something at the moment and all that lifestyle inflation is what makes them not able to save any single penny. In Singapore, there are companies that give money to people who have financial problem to either start a business or expand, buy cars or for other purposes. These money lenders such as Easy Credit Directory give the Singaporeans money that they are supposed to pay for a given or agreed period of time. This money has an interest that should be returned before the end of the paying period.
Many Singaporeans reach to old age and find that they have not saved any money opting to run to money lenders who they think will be their solution. It takes a very long time for a loan of an old person to be approved. The loan lenders become reluctant the moment they realize that it’s an old person who wants to be given a loan because they think the old doesn’t work hence they will have problems in paying the loan. the reason as to why they reach old age without savings in their accounts is because when they were working they spend most of their times in doing unnecessary things that made them waste a lot of their money. They like spending a lot of their time in malls with their children buying many things instead of saving.
Most Singaporeans are known to be lazy. Cooking food in their houses seems to be. Very hard. If you go to high-end restaurants they are always flocking in out throughout the day just to eat. The kind of junky foods they eat make them not to lose weight. If the total amount of money they use per month on eating is utilized in developing businesses or saving they will never lack money any given time. They also spend a lot of money on buying expensive drinks. Some would even go to an extent of buying expensive wines that do not match with the food they are taking. If only they consider following the different ways of saving money on the wine they will have got enough to save for their future to avoid loans.
If you ever see the young Singaporeans working you will be surprised on seeing them all driving expensive cars. They always go and seek money from money lenders who give them very fast because they are sure the young and working class will pay will no problem. The research done shows the highest percentage of youth has loans and they never save their money. If only one decides to avoid buying big cars and decides to use public means of transport there could be a very big difference in the amount of money saved at the end of the year. This is because the big cars they buy use a lot of fuel which is expensive. Doing service to this cars is also an additional expense considering that the cars are serviced every month. The youths also have very expensive flats which they buy with money that they get from money lenders. By the time they finish paying this loans they are already old and their accounts have nothing to brag of. They think staying in this kind of lifestyle is the best way instead of saving enough for use when they retire. Some also think that when they take their children’s to very expensive schools they will have them as an investment and before they realize it was not a good idea they have nothing to give them in future.
Most of the Singaporeans spend their time hanging out with their friends. They go to expensive places where they spend a lot of their time and everything they do in those places they pay a lot of money. If only they would think of meeting and spending time with friends in the house to have fun like playing different games they would save the money they use. When they want to have a family meeting they spend a lot of money meant for saving or get loans from lenders for their expenses. Cooking food in their house would be a cheaper way. The food cooked in the house can’t be compared to restaurant food because the food bought in restaurants makes them look fat because the food is unhealthy. They think that eating out is part of socializing. They use cash to pay for the things they purchase instead of using a credit card. these credit cards are so useful as they give people bonuses which will have one spending less money compared to when using cash to purchase anything.
There are so many restaurants in Singapore which are opened throughout as there is no day or night. People find themselves eating every time they crave for food, even in the morning you will find them fully occupying the restaurants. What if they save all that amount of money they use to take breakfast, lunch, and dinner in hotels? They will find at the end of the year they have saved a lot of money. Saving money goes one on one with losing weight.
The laziness of most Singaporeans makes them retire when they are below retirement ages. Not because they have enough money which one should consider before retiring. The things that one should consider before he retires is the amount of money that is in their accounts and if the money is enough to cater for the need and that of the children. They spend the small amount they had saved and within a few years, they run short of money. They start going to money lenders to borrow the money for use. With no business to get money to pay back, they are left with only an option of leasing their houses, cars and expensive items to get the loan. They end up depressed and their health decorates and they fall sick. Staying in the house without doing anything exposes one to weight gain. Without proper exercise, the weight gain increases very fast.
These different ways of living and behaviors of Singaporeans have made it very hard exposed them to a very hard way of life but if only they could wake up one day and decide to change then they will see themselves having enough money in their accounts before retiring. It is believed that money can determine the weight of someone. No saving money, no losing weight..