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Old 16-01-2022, 07:50 PM
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Hey guys, I have been wanting to ask a question and hope to get some advice whether I'm overly frugal.

I make about 800k per year and I'm 16 years old.

I used to have a car for about 4 years but find it a hassle to maintain and with the growing oil prices, I decided to scrap the car. I feel a lot more free ever since getting rid of my car.

I work from home pretty much since covid.

I stay with my parents in a hdb and don't really have a desire to own a house. And yes, I don't have a house.

Am I too frugal with my money? I spend about 200k a year and save about 600k a year. I mainly spend on food and maybe buy some gadgets here and there.

The reason I'm asking is because I know of people who earn lesser than I do, but they will buy a private property, buy branded bags and expensive cars. In which I have no desire of. My only desire is to work. I feel a little strange because I hardly meet folks earning at my range or more being so frugal.
Not overly frugal. Many people spend on expensive stuff to show that they are well to do. The truly wealthy people lead simple lifestyles.
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