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Overspending among young S pore adults grows with rise of cashless payment

The Straits Times Contactless payment methods in Singapore include credit and debit cards, e-wallets, PayWave and PayNow.PHOTO: ISTOCKPHOTO New: Gift this subscriber-only story to your friends and family https://str.sg/33bL They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months.

S porean pays off S$40,000 debt in 2 years by working 14hrs/day as Grab driver & tutor

In 2016, Max Leong brought S$500 with him into a casino and walked out later that night with a staggering haul of S$20,000. While this would be a dream come true for many, it was in fact the start of a nightmare for Leong, as he quickly became addicted to gambling, and racked up over S$40,000 in credit card debts after a few short years. With his family relationships strained and creditors breathing down his neck, Leong eventually realised that he had only one way out: To work harder than he had ever done before, in order to escape his financial prison.

Buy now, pay later: Boon or bane?

Buy now, pay later: Boon or bane?
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