The topic of why people don't care for personal finance has been brought alive through active discussions in the financial bloggers community recently.
I really liked this post by a friend of mine, Xeo, where he offers insight into why people don't care much for this topic at different stages of their lives, until a turning point (typically in their late 30s or 40s) where they wake up one day and realize that it is time to take charge of their personal finances.
The problem can be distilled down to PRIORITIES. Life is all about priorities and trade-offs, isn't it? Given how hectic life can be in Singapore, most of us struggle to even juggle our multiple priorities at the same time, much less add on one more - personal finance. Here are a few common priorities as we go through life:
Priority #1: Studies
Our parents commonly tell us ......