27 Aug '16, 2am

I got addicted to saving…: credits:everydaymoney.ca I realize I’ve developed an addiction to saving money. In my… https://t.co/B2f6kHGbPg

I realize I’ve developed an addiction to saving money. In my earlier post, I wrote about how I saved S$100,000 cash (+ drive a 2nd hand car by age 27) . I felt a sense of satisfaction when my bank account fattens up. I have a strong need for security, and the increasing cash savings fed my hunger for security, strengthing my safety net. I read that when one needs security, it is due to underlying fears developed in the past. It is very true for my case. I still remember clearly the night on Mothers’ Day several years back, probably ~17 years ago. My parents, sister & I were sitting around the dining table. The atmosphere was sombre & serious. I could hear my heart pounding so loudly amidst the silence. My parents revealed that the household is now running broke, with little money to …

Full article: http://thefinance.sg/2016/08/27/i-got-addicted-to-saving/

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