I don't. And by that I mean.. I don't really speak Prada, Balenciaga and Armani.
Some of my colleagues at my new workplace are very into shopping and brand names. As I hear them chat, I was a little surprised at how behind I am in the world of Gucci and Armani. Hey.. I work and live in a city, in an industry where many are into branded goods, fast cars and fine wine..
Yet for some reason... my knowledge of these have always been... ahem.. behind times.
But having more fashionably in-tuned colleagues had me starting to pay a little more attention to those around.
And I noticed something rather strange. Sometimes, those who can probably least afford such items are the ones who are most willing to pour all their money into them. Those who can very comfortably afford such items, especially more elderly ladies, are more likely to scrimp and save all their money safely away.
Seeing these 2 groups of individuals around me had me arrive at this conclusion - I don't want to grow old and be penniless before I die... and yet the last thing I want to do is to just save and save and have lots of money in my bank account when I die.
The question is then - how do we balance between spending and saving?