Sorry, not sorry! Indeed, regrets are felt when it’s just too late! It never comes first. If people will just think ahead of their actions and decisions today then undesirable consequences can be prevented. Just like when it comes to our debts. If we could just control and manage our finances properly, then we could save ourselves from swimming in debt!
Speaking at an event to mark the 10th anniversary of Credit Counselling Singapore (CCS), Mr Tharman, also Finance Minister, said nearly two-thirds of borrowers who get into trouble have incomes above the median and more than half have tertiary educational qualifications.
“As CCS has found, people fall into debt problems for various reasons. Over-spending, such as on travel and cars, and job-related changes, are the two most common reasons,” he said.