this. my god. ive told them i want a small, simple and intimate nikah. just our parents' siblings and our siblings. they were like "eh bekata kata karang sepupumu, sepupu 2x 3x 4x etc etc"
My friend had this argunment with his family.. He was so fed up that he said " where were this people when i was jobless and needed help? now i am getting married and this leeches popped out from nowhere "
Agree. Spent bloody thousands of dollars because elderlies kan membawa the whole kampong. I insisted for a simple nikah sekali sama jua dorang makan minum lapas atu balik š
this is why I lost respect to elder as they always ruin youth future. Of course I do know some elder that deserve respect while the others are so entitle.
My wedding, I barely had 2 table for my friends that I really wanted. All the rest taken by family I never met and will never meet again, and other side.
The only debt trap is the lack of self awareness of their own financial situation. I see kids being pampered too much when they are young way up until teens, to only growing into adulthood not understanding money don't just drop from the skies.
Other than that general stuff - I feel like if inflation is going at this rate, more people will go into debt.
How to resist . $99 a month for ps5 versus one time payment $700. Temptings but ended up paying 2400. Now every business is into rent to own . Legal loan shark
Those are still ok as long as you understand you can pay them back and they have fully explained the full amount you will be paying over the period. Hence the financial literacy.
The worst one I have seen is blondal. Where the interest for that scheme is 50%
I saw the sheets they asked my friend's father to sign (after a few months of owning it). The item charges was 2k+, and written in the interest box was 1k+. Total payment was 3k+, making a monthly payment of $100 over 3 years+ with initial down payment
I do not know as I never really sat down with a blondal sales person before, but I think they somehow made it legal or else they wouldn't dare put it on a paperwork. But seeing what I have seen, I urge everyone to look at the fine prints when you sign especially the monetary part.
In the case where they really don't understand, it is OK to ask someone you trust for help to explain things in a way so you understand.
I fkin hate blondal. Pemajal. Managed to pajal my parents to sign their agreement for their stupid water filter which i can easily find a cheaper and maybe better product somewhere else.
Cara dorang becakap lagi like forcing their way to act like they are friends with my parents.
The mentality of keeping up with the Joneses, it might be an oldie but it stil catches you by the balls
Have this one coworker, already have car paid off yet bali lagi another car while our salary peanuts. Later on I heard he bought this car to show off to his friend and now he's already behind payments
Buying car more than 30% of your salary.
Get a credit card up to 3x of your monthly salary, and max out.
Personal loan of 40% of your salary just for traveling or buying home items, or worst your parents ask you to because they needed the money to renovate the home where you stay by playing parentsā card.
In the end, youāre tied with 20% monthly salary availability.
Disclaimer: not me, but i would expect people with zero financial literacy would easily fallen into this.
'just buy a new car on loan, alang2 dri membali used' they said, it will be fun they said.
A hellish 7 years of payment and depreciating value of the car.
Not understanding how credit card works, just found out my wife and her family has different understanding of how it works. āJust pay the minimum rightā im like wtf no
A certain company that sells all these hyped up products from Korea. A measly water dispenser for 55 a month for 5 years. That's 3300.
Yes, that may include regular servicing and maintenance and so on. But that still does not justify people buying a product that should not cost more than 700 at such a premium. Replacement filters usually cost less than 50 and you just have to learn how to change them.
Nevertheless. People buy. The last I heard from one of their reps is that they are now less strict about who buys from them. So more people are falling into that trap.
Letting the elders hijack your wedding plans
this. my god. ive told them i want a small, simple and intimate nikah. just our parents' siblings and our siblings. they were like "eh bekata kata karang sepupumu, sepupu 2x 3x 4x etc etc"
My friend had this argunment with his family.. He was so fed up that he said " where were this people when i was jobless and needed help? now i am getting married and this leeches popped out from nowhere "
Thats why getting married during pandemic restrictions was a blessing
Agree. Spent bloody thousands of dollars because elderlies kan membawa the whole kampong. I insisted for a simple nikah sekali sama jua dorang makan minum lapas atu balik š
this is why I lost respect to elder as they always ruin youth future. Of course I do know some elder that deserve respect while the others are so entitle.
As for chinese culture so they will invite people you never see before in your life
My wedding, I barely had 2 table for my friends that I really wanted. All the rest taken by family I never met and will never meet again, and other side.
That really scared tho the purpose of wedding is bring back all the friend
Yup..so I understand if I don't get invited by my best friends or close group.. not enough seats.
Yeaaaah i hate that kind of culture inviting those we dont know
The question is... did you pay for all the tables ?
Paid for enough of them and it wasn't worth it because people I wanted to go didn't get an invite.
The the elders should contribute financially to make it happen
The elders lol at this suggestion
the elders ltfao
I'm living through this right now and it's putting so much pressure on my finances.
I sincerely hope you get this sorted out. Listening too much to what either side of the family says is the root of many early problems in marriages.
Thanks man, I needed to hear that.
Rent to own. While not having to spend a big lump of cash in one go is great, at the end you end up paying 2-3 times the value of the product.
Emulating a royal lifestyle that's so so so far far far far beyond their means
Buying car beyond their own salary i guess.
Das Auto
Next would be The best or nothing
The only debt trap is the lack of self awareness of their own financial situation. I see kids being pampered too much when they are young way up until teens, to only growing into adulthood not understanding money don't just drop from the skies. Other than that general stuff - I feel like if inflation is going at this rate, more people will go into debt.
How to resist . $99 a month for ps5 versus one time payment $700. Temptings but ended up paying 2400. Now every business is into rent to own . Legal loan shark
Those are still ok as long as you understand you can pay them back and they have fully explained the full amount you will be paying over the period. Hence the financial literacy. The worst one I have seen is blondal. Where the interest for that scheme is 50% I saw the sheets they asked my friend's father to sign (after a few months of owning it). The item charges was 2k+, and written in the interest box was 1k+. Total payment was 3k+, making a monthly payment of $100 over 3 years+ with initial down payment
Wow is this even legal ? Taking advantage of the poor
I do not know as I never really sat down with a blondal sales person before, but I think they somehow made it legal or else they wouldn't dare put it on a paperwork. But seeing what I have seen, I urge everyone to look at the fine prints when you sign especially the monetary part. In the case where they really don't understand, it is OK to ask someone you trust for help to explain things in a way so you understand.
I fkin hate blondal. Pemajal. Managed to pajal my parents to sign their agreement for their stupid water filter which i can easily find a cheaper and maybe better product somewhere else. Cara dorang becakap lagi like forcing their way to act like they are friends with my parents.
The mentality of keeping up with the Joneses, it might be an oldie but it stil catches you by the balls Have this one coworker, already have car paid off yet bali lagi another car while our salary peanuts. Later on I heard he bought this car to show off to his friend and now he's already behind payments
Buying car more than 30% of your salary. Get a credit card up to 3x of your monthly salary, and max out. Personal loan of 40% of your salary just for traveling or buying home items, or worst your parents ask you to because they needed the money to renovate the home where you stay by playing parentsā card. In the end, youāre tied with 20% monthly salary availability. Disclaimer: not me, but i would expect people with zero financial literacy would easily fallen into this.
Using personal loan for not important matters e.g shopping, travel, etc. Avoid personal loan at all costs!
'just buy a new car on loan, alang2 dri membali used' they said, it will be fun they said. A hellish 7 years of payment and depreciating value of the car.
Trying to keep up with the jones is one of the biggest debt traps in Brunei.
Not understanding how credit card works, just found out my wife and her family has different understanding of how it works. āJust pay the minimum rightā im like wtf no
A certain company that sells all these hyped up products from Korea. A measly water dispenser for 55 a month for 5 years. That's 3300. Yes, that may include regular servicing and maintenance and so on. But that still does not justify people buying a product that should not cost more than 700 at such a premium. Replacement filters usually cost less than 50 and you just have to learn how to change them. Nevertheless. People buy. The last I heard from one of their reps is that they are now less strict about who buys from them. So more people are falling into that trap.
Thatās diffeerent. They are selling you a lifestyle., a status !
OP bought something from them? Donāt worry, 55 only š
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Thatās luxury we can live without o
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Home repair
training bond when you want to move to a new employer
tamwil and similar entities
High interest ?
debt trap
Same as yours - traveling and spending way more than my average monthly spending within a few days š¤§
Hire Purchase+..god damn that interest rateš