After meeting and planning for so many people, I start to find that a common pattern was forming. Many a times, they comment regrettably making some kind of financial mistakes. So, here are the 5 most often heard ones.
#1 I regret not having a budget
This is no surprise. Budgeting is such an important life skill and yet it is not taught in any school in Singapore while I was growing up. We learn how to differentiate, sin/cos/tan, Pythagoras theorem, etc by age 16. But know absolutely nothing on how to manage money properly. In addition, I am also quite certain, many school teachers know very little on this subject as well.
#2 I regret not having an emergency fund
Without a proper budget to save, it would be very challenging to build an emergency fund. I was also astonished when some even mentioned that they could resort to ......