Flash or frugal? Make your choice wisely | Bangkok Post: business

Business > Finance

Flash or frugal? Make your choice wisely

  • Published: | Viewed: 713 | Comments: 0
  • Newspaper section: Business
  • Writer: Thai Financial Planners Association
- +

I began my career one year ago earning 15,000 baht a month, but now I make 34,000 baht because I changed my job. I have no fixed expenses, plus I don't have to take care of my parents financially. 

My question is, I've seen other people buy cars and they pay almost 20,000 baht a month for their loans, which is relatively high for me. I'm wondering which of these options is best for me:

1. If I buy a car, condominium or some property, is that a good idea? I never have owed any debt, but I like the idea of borrowing money from a bank. I'm just worried that if I'm in debt, I will not be able to leave my job until I die, even if I'm bored, because I will need the income to pay off debt.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments