Teaching Kids about Budgeting

the banker withdraws (cuts) a credit card

Our economy is still not doing as well as expected. Growth forecasts have been revised downwards and interest rates are less than 1% for fixed deposits in most banks. Even the savings accounts have a really dismissal interest rate of 0.05% here in Singapore. You may be better off keeping your money under your mattress like during olden times instead of letting it be subjected to the various account-keeping fees incurred by leaving it in the bank.… [Read more]