If you’re Singaporean, you probably heard for the first 10 years of your life how important it is to save money as a Singaporean.

You’ll also probably heard this from your parents:

‘You need to save money incase the economy crashes.’
‘You need to save money for rainy days.’

There’s nothing wrong with saving money. It’s how you go about saving money that matters.

Through the years, I’ve heard my fair share of crappy advice on saving money in Singapore. First, you get financial ‘experts’ telling you to ‘cut back on Starbucks’ or even worse… ‘get cash back rebates’ through shopping apps.

Whenever I hear advice like that, I slap on multiple mental facepalms.

Let’s be honest with ourselves, how many of you actually are …