MR. A
He earns a monthly salary of S$3,000 and holds many credit cards.
He is very arrogant and always showing off his credit cards by flashing
them in front of his colleagues, friends and relatives.
He spends lavishly and unnecessarily.
He swipes freely and incurs huge debt.
At month-end, he pays only his minimum sum of S$50 each to his
many credit cards' banks that he had already swiped and owed.
Daily, he worries how to settle his huge outstanding debt which
has snowballed. His outstanding debt includes the principal amount
borrowed and owed, plus accumulated bank interest charges and
late payment interest charges. Latest news: Mr. A is now a bankrupt.
A bankrupt has to settle every dollar he already owed from his credit
cards' debt and any credit loan that he already borrowed.
He is now struggling to pay his monthly and painful instalment (British English).
(American English: installment)
MR. B
He draws a monthly remuneration of S$1,500 per month.
His salary is half of what Mr. A earned.
Mr. B is a very thrifty person who spends prudently and necessarily.
He knows how to economise his limited fund.
He pays by cash or NETS when he shops.
He is free of debt. Thus, no debt, no danger and less worry.
Also, he quietly saves some fund as a reserve for "rainy days".
Now, the answer is clear-cut.
We all know very well when asked, "Who is better off ?" and "Who is a
richer person ?". Of course, Mr. B is "richer" although he earns less than
Mr. A.
The family members of Mr. A are gonna suffer with him.
There will be frequent family squabbles over monetary matters.
His spouse (wife) has to work to "clean his shit
and mess" he already created by his imprudent spending habits.
His wife was previously a housewife.
How his wife wishes he holds no credit card at all.
But, it's too late. She blames fate for marrying the wrong man.
He earns a monthly salary of S$3,000 and holds many credit cards.
He is very arrogant and always showing off his credit cards by flashing
them in front of his colleagues, friends and relatives.
He spends lavishly and unnecessarily.
He swipes freely and incurs huge debt.
At month-end, he pays only his minimum sum of S$50 each to his
many credit cards' banks that he had already swiped and owed.
Daily, he worries how to settle his huge outstanding debt which
has snowballed. His outstanding debt includes the principal amount
borrowed and owed, plus accumulated bank interest charges and
late payment interest charges. Latest news: Mr. A is now a bankrupt.
A bankrupt has to settle every dollar he already owed from his credit
cards' debt and any credit loan that he already borrowed.
He is now struggling to pay his monthly and painful instalment (British English).
(American English: installment)
MR. B
He draws a monthly remuneration of S$1,500 per month.
His salary is half of what Mr. A earned.
Mr. B is a very thrifty person who spends prudently and necessarily.
He knows how to economise his limited fund.
He pays by cash or NETS when he shops.
He is free of debt. Thus, no debt, no danger and less worry.
Also, he quietly saves some fund as a reserve for "rainy days".
Now, the answer is clear-cut.
We all know very well when asked, "Who is better off ?" and "Who is a
richer person ?". Of course, Mr. B is "richer" although he earns less than
Mr. A.
The family members of Mr. A are gonna suffer with him.
There will be frequent family squabbles over monetary matters.
His spouse (wife) has to work to "clean his shit
and mess" he already created by his imprudent spending habits.
His wife was previously a housewife.
How his wife wishes he holds no credit card at all.
But, it's too late. She blames fate for marrying the wrong man.
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