Personal Finance
The Social Consequences of Frugality
By Doctor Wealth  •  December 31, 2014
Humans are social creatures. The only problem is that socialising in Singapore is usually an expensive night out and an overpriced bottle of cheap wine puked down the toilet bowl. We explore the social consequences of frugality. — For average folks like you and me, chasing the dream of a comfortable retirement, especially in Singapore, usually involves adopting the concept of frugality. This means reining back on luxury purchases, discovering better deals for products you need, and carefully calculating your daily expenses. There are two primary downsides to a life of frugality. —

Social Consequence 1

“All my friends on Facebook and Instagram are really letting loose and enjoying themselves. Why should I count my dollars and cents too? I can afford to enjoy myself now anyway.”

The Trappings of Consumerism We live in an increasingly consumeristic society. The value of your life is not determined by the betterment ......
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By Doctor Wealth
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