Overspending

MPS CALLING FOR FISCAL PRUDENCE, ARE WE DEEP IN DEBT?

But even as Singapore doubles down on investments to help businesses and workers transform, as well as continue social spending and infrastructure developments, some MPs have voiced concerns about overspending. MP for West Coast GRC Foo Mee Har noted that Singapore’s weakening fiscal position is a concern, after total expenditure growth outstripped growth in operating revenue for five consecutive years. She also said it is “worrying” that additional funds from Temasek’s inclusion in the Net Investment Returns (NIR) framework “appears to have been exhausted quickly”.

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8 TIPS ON HOW TO RETIRE BY 55 & ENJOY DECENT LIFE IN S'PORE

Many of us worked very hard all our lives. From Primary school all the way to the workforce, we worked hard. So it is natural that many of us want to retire at 55, the time when we can collect our CPF. How can we retire at 55? Here is the way. This shows everyone with a decent salary can save a lot but most people will overspend. They want a car, they want to employ a maid, they want expensive holidays, they want luxury bags, they gamble, they smoke, they drink, they party, etc. So it is not money not enough. Actually it is SPENDING TOO MUCH.

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