5 Reasons Why Malaysians Overspend to stay TrenDy?
This is a timely posts to answer the "hot-debate" on TheStar article saying that " Malaysians spend to stay trendy ". How much does a young adults earning? Being trendy is very costly because all the luxury brands are expensive. How about techno-trendy? How are you going to chase after the fast changing technology gadgets? Please take note that you are still a young adults, new to workforce, and have a long way to go in the future. Without saving, how are you going to live? No wonder 60% of Malaysians young adults were in debts, and they overspend by average 15% of their salary. Example, Eric earn RM2,500 and he spend RM2,875. After cracking our head, Finance Malaysia comes with the following 5 Reasons to explain the main contributing factors: 1. Lacks of Self Discipline. Before blaming other, we did better to blame ourselves for all the overspending stuffs. Self-discipline is an issue for young adults nowadays. They tend to spend on what they " wants "...