I must admit I am not overly qualified to write this, but I would like to share my own personal experience on spending habits and hope that people will also come to realise the importance of good spending habits.

I grew up during the era where there was a silly trend for youngsters to wear branded clothing. I have to put part of blame on my friend back then as he was really a bad influence. Peer pressure got over me. I remembered bringing my father to pay for my Armani clothes and Trussardi jeans. Back then my father was doing pretty well in his businesses and he bought them for me although with much grumbling. He did not really set a good example to me on proper spending habits as well since he was always changing luxury cars and spent lavishly.

When I started out to work, I still had the tendency to go ...