Personal Finance
33 year old earning $5680 spends $4000 servicing 10 years of debt
By Investment Moats  •  August 1, 2014

33 year old earning $5680 spends $4000 servicing 10 years of debt article 2325364 19CE9F78000005DC 535 634x496

Delinquency is on the up. I have a friend who takes care of his finances so well. Does budgeting like a good boy. Doesn’t like to go into debt. He always mind his gap (between income and expenses)

He finds it shocked that people routinely get themselves into these situations. I explained we can’t have the same group of friends and acquaintances, since we work in varied industries.

I got a chance to work with more people born after 1980s, much more than him, and this isn’t a surprise.

Judging by my office from their account, my group of white collar workers are struggling.

InSing has an article out that serves to educate against debt. Its a good account because the guy is open to share  a   lot of his experience so that we can learn from it.

Singaporean professional in 30s deep in debt

  • He currently earns estimate $5680 ...
...
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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