Me & My Money: Stay disciplined in spending and keep within your means, says finance executive

Carro chief financial officer Ernest Chew says he avoids consumer loans, and believes those who cannot afford something should not over-leverage themselves. PHOTO: COURTESY OF ERNEST CHEW
New: Gift this subscriber-only story to your friends and family

Being disciplined about spending and keeping within one's means - these are the key principles which financial executive Ernest Chew holds dear.

"Do not have a financial plan revolving around debt, particularly on depreciating assets," cautions the 39-year-old, who is executive vice-president and managing director as well as chief financial officer at automotive marketplace and car financing start-up Carro.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

Join ST's Telegram channel here and get the latest breaking news delivered to you.