Quote:
Originally Posted by Unregistered
these last few posts of young singaporeans savings are surprisingly low. given the gloomy economic outlook, life is going to be tougher for all.
GDP is dwindling Quarter to Quarters and govt is trying to keep GDP growth by getting people to get into to more debts diving in to buying cars with lower upfront payment and increasing loan quantum.
I wonder what will become of young overstretched Singaporeans heavily DEBT Ridden.......
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To build up savings efficiently, best is to go for savings plan + FD + bonds. Seen pple buying one savings plan every three years. Within 10 to 20 years, reap all returns.
FD and bonds are also safe sure win bets.