Singaporean saves 40% to 50% of his income but feels guilty spending S$2k on holiday: ‘I still find it hard to actually spend’
SINGAPORE : When does disciplined saving cross the line into something unhealthy. A Singaporean in his early 30s recently sparked a lively discussion online after confessing that years of aggress... This article ( Singaporean saves 40% to 50% of his income but feels guilty spending S$2k on holiday: ‘I still find it hard to actually spend’ ) first appeared on The Independent Singapore News .
A Singaporean in his early 30s confessed to feeling guilty every time he spends money, even when he can afford it. He typically saves 40 to 50% of his take-home pay, with the rest invested, in CPF, and savings accounts. The guilt stemmed from a recent short holiday where he spent around $2,000, leading him to question whether he had developed an unhealthy relationship with money.
Others shared similar struggles, with some attributing their guilt to years of saving 50-70% of their income, leading to a fear of not being able to spend freely even when they have the means to do so. Some suggested reframing one's perspective by reading books like "Die with Zero" by Bill Perkins, which helped them view spending as intentional and meaningful.
Encouragement was also given to loosen the purse strings occasionally, emphasizing the importance of balancing hard work, saving, and enjoying life's experiences.
Written by urgent.news from The Independent Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
