Why need to save on reno spending

The worst part on top of impractical reno, i believe - is the spending of future money which has prompt quite a number of news articles in ST.

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Oh honey, if we didnt spend that 60k on reno 10 yrs ago - right now;

1) we would have had enough money for our kids' or our hospital/medical bills bcos our medisave is not enough to cover. * check the facts on medical *

2) we could have spend our christmas riding reindeers in sweden/switzerland. And visit the whole world in near future. *check ST classified Tour packages*

3) we could have given our kids' the best education money can buy. *$500-$1000+ for a good kindergarden*

4) we could have pull through this difficult period without the need to jump out of the beautiful window of our 60k renovated hdb cos one of us is jobless and the bills keeps piling up and there is no one to help.

5) we would not have to be declared a bankrupt and had our 60k reno house reposessed by the bank/hdb.

bla bla bla.......



50-60k is a lot of money, period.

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it already happenned during 1997-2004....many have jump either out of the window or onto mrt tracks.

when i was working in marina sq 1998-1999, every couple of weeks big size car trailers would wait at the main road(opp oriental) while towtrucks went into the car park and drag out pretty cars and load them onto the trailers.

on housing - those days it's was popular for greedy young adults who went out of their way to buy a condo and using the rents to pay for instalments. many either end up bankrupt, condo reposessed or hdb flat reposessed or both.

what is $200 or $2000 monthly instalments when one has a job? it's nothing.
but when one is jobless? Even a $2 chup chai peng is a big problem.
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My father also advise me try not to have money burden hanging over our backs, especially in Singapore. Last time he was a boss running a machinery business but all becos of many loans, he sold his business to repay the loans and left only a little to himself. Now he's working part-time to pass his time and to earn a little allowance to himself (of cos I also got give him some allowance lah...hehe).

That's how come I also spent less than 10k for reno and pay housing loans by CPF only. Furnitures and appliances also try to get 2nd hand from relatives or friends.

During recession, not just have people jumping, also have crazy people walking around. During the last recession, saw one young guy (20+) wearing like a salesman with shirt and tie, walking alone talking to himself (definitely not using hands-free or bluetooth)...sad...
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