High income, low wealth: Over half of adults in Singapore don’t watch their spending

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Do you know how much money you have available to spend each month? Recent research into budgeting habits offers some interesting and perhaps quite worrying insights.
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One of the more curious aspects of human behaviour is that we will readily put all our time and effort into completing a work-related project, but delay or even avoid drawing up – and sticking to – a household budget.

The reason is not hard to find: Many of us work hard to excel in our jobs and attract a high income, but we are pretty hopeless when it comes to managing our own finances.

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