Today's case study is on a household with a 5-figures combined income but yet are struggling to save money. The wife shared on SG Whispers and it garnered a lot of reaction because she gives a lot to parents and her credit card bill seems large.
We offer suggestions on how they can optimise their expenses to save more. We also look at some of the risks involved at their current financial situation.
#moneytips #money #personalfinance
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We do not make any recommendations on whether a security is a buy/sell as every investor has different investment goals and risk profiles. The presentation of ideas from channel are strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material. Some of the referral links in the video summary are products and services personally used by Josh Tan and they may pay an affiliate commission or referral bonus. It is not an endorsement of the product unless explicitly stated and we will not be liable for any losses. The content in this video and any promotions mentioned is accurate as of the posting date.
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0:00 Introduction
1:51 Allowance For Parents
4:51 Credit Card Expense
8:05 Cost of Enrichment Classes
9:30 Having A Direction In Your Finances
10:09 Pay Yourself First
11:40 Having Sufficient Insurance Coverage
#moneytips #personalfinance #insurance #monthlyexpenses
