Financial literacy is so important, especially in today’s times when many are struggling to survive with their pay until the end of the month. Unfortunately, many are still digging their own graves by spending outside their means and end up in the same place – DEBT!
In a shared post by Facebook user Suhaimie Pro, a Malaysian man said that he was approached by his teary friend who is 6 months behind car loan. He was in dire need of RM8,500 to pay his car loan, which was left unpaid for half a year.He changes his iPhone every year, including his luxury watch“I told him even if I have the money, it’s still not enough to clear him from future debts.
“If you really must buy a car, start with a cheap one. Make a house your 1st asset if possible. To the kids who just started working, don’t suffer for 9 years with car loan just because you’re craving for attention on social media.” It’s a grave danger if you don’t spend wisely because we can’t expected slashed prices of goods anytime soon. Also read: M’sian Lawyer Reveals Many Youths Today Face Bankruptcy Due to Vehicle & Credit Card Loans
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