Saving & Spending
What Do We Really Need?
By Singapore's Budget Babe  •  February 16, 2015
What are real needs? If you look at Maslow's hierarchy of needs, we really don't need that much to survive and lead a decent life. In fact, distilling this to Singapore's context, our real needs can be categorized into:
  • House: a roof over our head
  • Food: for sustenance
  • Clothing: comfy and to keep us warm
  • Hygiene: to refresh and keep dirt away
Today, however, our "needs" have transformed into the following:
  • House: A comfortable apartment with lots of space. Or a condo. Or a bungalow. Nicely renovated. Fitted with the latest electronics and flat-screen TV. Swanky laptop. Wide array of kitchen gadgets and cooking tools. Swimming pool, sauna and gym facilities.
  • Food: Organic food. Exotic cuisine. Fresh fruits. Wagyu beef over other types. Restaurant and cafe food. Alcohol, fruit juices and flavoured drinks. Variety in meals.
  • Clothes: Trendy. The latest IN fashion. Branded labels. Runway fashion. Celebrity-inspired looks. ...
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By Singapore's Budget Babe
Budget Babe is an ordinary lady striving to achieve financial freedom in Singapore before the age of 45. She is always looking for cost-effective ways to live a fulfilling life in amidst Singapore's rising costs, and writes in order to empower fellow Singaporeans on taking charge of their own lives and finances. The final goal is to eventually break free from the competitive rat race. Will I meet you there? ...
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