08 Aug '11, 6am

Save for a rainy day, advises Khaw #Singapore

Save for a rainy day, advises Khaw #Singapore

National Development Minister Khaw Boon Wan advises Singaporeans to save for rainy days. (AFP) Amidst the financial turmoil plaguing America and Europe, National Development Minister Khaw Boon Wan has reminded Singaporeans to save for a rainy day. "Sometimes you get fine weather, sometimes rainy. But if you have always saved for the rainy day, you'll be pretty steady and safe," he was quoted as saying by The Straits Times . Speaking at the sidelines of a National Day observance ceremony in Sembawang on Sunday, Minister Khaw noted that even saving S$100 out of S$1,000 each month would go a long way in sheltering Singaporeans during rainy days. The Americans and the Europeans are in a fix because they did not save and overspent, the Today newspaper reported him saying. He made these comments after Deputy Prime Minister Tharman Shanmugaratnam's warning of a tough three to fou...

Full article: http://sg.news.yahoo.com/blogs/singaporescene/save-rainy-...

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