As of 2019 , Singapore has been ranked for the 5th time in the row the most expensive city in the world ( SOURCE : BUSINESS INSIDER ) to live in . Let that sink in for awhile . It has become such a norm that more and more people in Singapore are going in high debts .
Singapore has been ranked for the 5th time in the row the most expensive city in the world
As costs if living increases so does spending . When you spend more than you bring in , you enter the debt trap cycle . Here we look at some of the things what debts does to an individual . As it does not only it affects us emotionally but it also affects us physiologically.
Depression and Anxiety
Anger and Frustration
In reality , debt and mental health can affect each other. We need to look at various approaches you can take to deal with your debts .