Visit those old HDB flats and you will realise that not many owned or have smart phones for the new tech concerning banking when their married children moved out.
Some use credit cards due to lack of choice. When salary time they paid the credit card bills. They than have less to spend. In comes the credit card and it becomes a cycle. During weddings some young couples like to impress. They than took loans from their credit cards to spend on a lavish wedding. They delay having children as they might have debt repayment newly wed. January 09, 2020 7:38 PM
Grand weddings put friends and families in a position where a couple had to spend a minimum $400 ang-pow just to be polite and show up. Simple weddings are for people who wants to celebrate the big day with the bride and groom.
Cash is easier to keep track on spending.
ReplyDeleteCredit card if you forget to pay by cut-off date interest charges are very high.
ReplyDeleteOld habits die hard. Elderly prefer to use cash and cheque. The younger ones prefer credit cards and banking transfers.
ReplyDeleteVisit those old HDB flats and you will realise that not many owned or have smart phones for the new tech concerning banking when their married children moved out.
ReplyDeleteAccording to Jean Todt one of the well-off chap-he does not own a smart-phone. He only used his phone for calls and texts-the very basics
ReplyDeleteSome use credit cards due to lack of choice. When salary time they paid the credit card bills. They than have less to spend. In comes the credit card and it becomes a cycle. During weddings some young couples like to impress. They than took loans from their credit cards to spend on a lavish wedding. They delay having children as they might have debt repayment newly wed.
ReplyDeleteJanuary 09, 2020 7:38 PM
Grand weddings put friends and families in a position where a couple had to spend a minimum $400 ang-pow just to be polite and show up. Simple weddings are for people who wants to celebrate the big day with the bride and groom.
ReplyDeleteCredit cards are convenient when travelling. At times they have good promotions for buffets like pay 3 one dine free.
ReplyDelete