BT Money Hacks S1E243: Breaking the paycheck-to-paycheck cycle
Is a strong work ethic enough to escape the paycheck-to-paycheck cycle? Many Singaporeans prioritise immediate gratification over long-term financial security. We need to challenge the old ideas of saving and explore automated strategies with Benjamin Tan from Chocolate Finance.
Synopsis: Every Monday, The Business Times breaks down useful financial tips.
Highlights:
00:57 Automating savings: $5 a day = $90,000 in 30 years
03:44 The paradox: strong work ethic, yet paycheck to paycheck
05:06 The 40-30-20-10 framework for conscious spending
12:15 Ethical considerations: balancing present enjoyment with future security
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Send us your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg.
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Written and hosted by: Howie Lim (howielim@sph.com.sg)
With Benjamin Tan, chief investment officer, Chocolate Finance
Edited by: Howie Lim & Claressa Monteiro
Produced by: Howie Lim & Chai Pei Chieh
A podcast by BT Podcasts, The Business Times, SPH Media
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Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.
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