4 tests to check if you are financially healthy

People with high exposure to debt should try to build up financial buffers so they are not left empty-handed in the face of market uncertainties. PHOTO ILLUSTRATION: PEXELS
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SINGAPORE - You have landed a decent pay rise and after looking for a new property, you have hit on one that requires a mortgage of $800,000 after paying the deposit with your savings and CPF money.

You do a quick calculation and find that you can afford the monthly repayment of about $3,000 as you still have more than $1,000 to spare after paying for your regular expenses.

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