I’m sure we have all made terrible financial decisions in the past. I am 27 years old so I don’t have many.
But I figured we could share some stories of how we have messed up and for others to avoid repeating history.
I’ll start with me, mine was going out overseas for uni. I ended with over $120k in student loans. I have in the last 4 years paid it down to $60k, but those $1000+ monthly payments are not by any means easy.
My fiance and I struggle monthly to pay our bills due to my student loan burden and we can’t afford the things we need. I sometimes wish I skipped college altogether.
My recommendation, make 100% sure you are going to uni for the right reasons, for me it was to party.
So don’t think that a university from overseas means you are guaranteed to be considered prestigious, think about where you are going to work after graduation.
Most of my classmates who came back to Singapore and worked and they got similar salaries as those who went to cheaper private universities.
Unless your degree is very specialised like bio-medical or something it will not be worth it at all. Those who study “business” overseas are the dumbest, as business laws vary.
That was one of the reasons why my parents did not support me and wanted me to take out a loan. I was stubborn and did not listen now I’m suffering and learning it the hard way.