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Showing posts from June, 2014

Why you should have a financial balance

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I read many articles that talk about prudence and frugality. The message across is a timely reminder as an individual should not spend beyond their means, especially the high inflationary pressures in Singapore. In other words, think about saving first (paying oneself) before paying off your bills, much least spending the extra cash. Think about your emergency fund first. Think about delayed gratification, so that you can build your cash flow.However, being superbly obsessed with every dollar and cent may bring you to the point of over practicality, such that you get upset if you spend twenty cents more over a cup of coffee. What I mean is, you hold the reign of money in such tight control that you forget the essence of life’s little pleasures - your wishlists, hobbies or self-gratification pursuits. These activities need money, no matter how less or more it is, to fulfill your desired life's journey. It can be a backpacking trip, a dance workshop, a craftsmanship apprentice pr…