I am sure many of us have encountered a time when we see an opportunity and wanting to buy it yet have insufficient funds readily available.

As people becomes more financially educated, the first thing that they learnt is that by putting their money in a savings account in the bank, they are effectively losing its value due to inflation. For the records, inflation in Singapore are currently at 4 to 5% while more realistically core inflation are at 2%. While I do agree that putting your money in the bank erodes its value over the course of time, I think it may be a wise decision as long as you have investment plans and are waiting for the right opportunity to come. Definitely it beats putting your money in a bad investment hands down(e.g buying shares or property at a high price thinking that if you put your …