It's pretty simple. I refer to a post from The Real Singapore (TRS) http://therealsingapore.com/content/survey-90-young-singaporeans-are-worried-about-their-future-finances 90% of 1000+ youths is an alarming number of over 900+ teenagers and young adults that are not confident about their financial future. What's worrying is that 80% of youths do not have their basic emergency fund. For queries on how and why you should build your own emergency fund refer to my post in August here: http://teenageinvesting.blogspot.sg/2014/08/why-every-singaporean-should-have.html Emergency Expenses are highly unpredictable, hence the word Emergency. If you fail to plan, you most definitely plan to fail. And these are not just students from polytechnics or universities. Even many of those that are in the workforce consider their savings as emergency funds. Please understand that emergency funds and savings should and must, be kept as 2 different pools of money. 80% of the people surveyed already have low confidence in their ......