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Financial trauma: The unseen hurdle to healthy money habits
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Financial trauma broadly arises from the lingering distress money issues can cause.
PHOTO: LIANHE ZAOBAO
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SINGAPORE – A single mother with two school-going children would rather skip meals than spend above a too-low grocery budget of $300 a month, incurring greater financial and personal cost than what money she had saved.
This is just one case of the toll exerted by financial trauma that Mr Timothy Ong has witnessed in his work as a senior job coach at social services agency Touch Community Services.
