However, your financial well-being has a lot to do with your behaviour. This column has touched upon it regularly. A study published earlier this year in Malaysia suggests that individuals with a firm grasp of personal finance and money management are more inclined to make prudent financial choices, exercise self-control, and avoid excessive spending.
The operating words are ‘prudence’, ‘self-control’ and ‘avoiding excessive spending’. new data from the Reserve Bank of India shows that credit card defaults are rising in India. The ease you can spend can have a ripple effect on your wealth outcome. Financial technology or Fintech companies play a role in causing that ripple effect. They simplify spending money you do not have or spend tomorrow’s money today. A study of the lower income households in Malaysia last year found that due to the ease of buying digitally, the desire to have a stylish lifestyle and display an image of wealth was a driving factor for them to buy luxury cars, stylish homes or high-end electronic devices. In many instances, people used debt.
هذه القصة مأخوذة من طبعة September 30, 2024 من The New Indian Express.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة September 30, 2024 من The New Indian Express.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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