Asian people are very careful with their money, to an extent that it could be considered stingy. South East Asians in particular are accustomed to haggling and this means saving money is hard-wired into their system from the get-go. There are many possible reasons as to why they operate with such efficiency when it comes to finance.
Some Asians seem to believe that having luxury goods is impressive and reflects their quality of life, which to an extent is true. This may be one of the reasons as to why Asians are such efficient money savers. Once they are able to purchase an extravagant good, they are able to strut their stuff and show off in front of their friends, whether it's the latest Louis Vuitton bag or a new line of perfume by Chanel. This only tends to apply to the younger generation that have good fashion sense and an expensive taste.
These days being cheap seems to be considered a negative thing, but actually it's a good mentality to have. Whilst most people would simply purchase anything they needed and maybe extra, Asians get what is necessary and of course, only if there was a 20% off sale. Another useful method that is used by Asians, particularly the elderly, is the use of coupons. Why not take advantage of them right?
At the end of the day, whether it's frowned upon or not, Asians will most likely continue to follow their techniques of saving money little by little. Besides, have you ever seen a homeless Asian on the streets of a Western country?
No comments:
Post a Comment