Reader says…

My friend each month spends about $2k on tuition for her only child! ????

4 tuition each cost about $500!! ????

Money is a scarce resource for the vast majority of us.

What do we do when a resource is scarce?

We try to conserve it.

That is what the government keeps telling us when it comes to the use of water in Singapore.

We should have the same attitude towards money.

Of course, if you are very rich and have money sloshing around, ignore this blog.

I believe that for the rest of us, we can easily strengthen our balance sheet just by reducing unnecessary expenses.

A reader in his 40s who makes more than $8,000 a month told me that he used to save about $500 a month of his take home pay but now he saves $2,000 a month …