Choice of the '80s generation - holidays or a home of your own

Holidays are a release from crowded Hong Kong

Travelling overseas on holiday once or twice a year has become a habit for many Hongkongers born in the 1980s, while at the same time they complain about skyrocketing flat prices that make it difficult for them to afford a home.

Tuesday, 5 March, 2013, 4:42am

Smart Money

The top sites for saving.

31 Dec 2012 - 4:58am

Ask Melanie: How to maximise pleasure without emptying your pockets

A less expensive gift now might allow for another valued treat later. Photo: AFP

Christmas and Lunar New Year are a blowout season for me: eating, drinking, presents, and an expensive pilgrimage to family overseas. My bonus has paid off overindulgence in previous years, but that and job security are shakier now. Any tips on trimming festive season edges without giving up too much on lifestyle and goodies?

10 Dec 2012 - 2:28am

Smart Money: saving

Smart Money: saving

Sites for saving by not spending

3 Dec 2012 - 4:26am

Smart Money

Live and Work in Hong Kong

12 Nov 2012 - 2:31am

Are you saving too much, or not enough, for your retirement?

Are you saving too much, or not enough, for your retirement?

How do I know if I’m saving enough for retirement?

Whether you are saving enough will be relative to the lifestyle you want to live now and the lifestyle you want to live in retirement. Most of us want to achieve some consistency between the two. Sacrificing too much today makes as little sense as living high on the hog now only to fall into the mud at retirement.

24 Sep 2012 - 1:25am

No vault of their own

Hong Kong banks are failing to encourage children to save by not offering accounts designed for younger customers.

Most banks in Hong Kong do not have savings accounts that are specifically aimed at children, while some institutions will not even allow anyone aged under 16 to open an account.

26 Mar 2012 - 12:00am

Earn, save, spend and donate - four habits children should learn

There are four habits parents should be teaching children when it comes to money management, according to Dr Alice Wilder an internationally recognised children's education specialist. They are: earn, save, spend and donate.

25 Sep 2011 - 12:00am

Gen Y saves for rainy days

It's one of the most interesting generational shifts in living memory, but who would have thought that the hippy, dopey baby boomers would engender the savvy, chary Generation Y?

3 Dec 2010 - 12:00am

Little old ladies and pregnant women, this is a warning

Under a planned 'mystery shopper' scheme, the Hong Kong Monetary Authority and Securities and Futures Commission will organise senior citizens and pregnant women to act as 'investors' to check on whether banks and brokerages are abiding by ethical sales techniques.

SCMP, July 12

13 Jul 2010 - 12:00am

Start Over, Finish Rich

Start Over, Finish Rich by David Bach Broadway Books HK$80

2 May 2010 - 12:00am

Policies may boost savings more than culture

With a rise in US savings putting unbearable pressure on China's low consumption rate, leading to the risk of a collapse in China's ability to export its overcapacity, the question about why Chinese households save so much of their income has become more important than ever.

6 Jul 2009 - 12:00am

Urbanisation is key to economic growth, says central bank chief

The mainland will need a massive urbanisation campaign to drive its economic growth in the short term, the central bank chief told the Global Think Tank Summit in Beijing.

Zhou Xiaochuan, governor of the People's Bank of China, said the country's large pool of bank savings would have to be spent mainly on building homes and infrastructure, particularly in rural areas.

4 Jul 2009 - 12:00am

Cab Chat

Pang Chi-wang, 60, feels the government has overreacted by closing schools because of the flu outbreak - and timed the announcement very badly

I am not too worried about the threat of influenza. Although taxi drivers have to serve different passengers every day and some of them might be sick, we are not too worried.

17 Mar 2008 - 12:00am

Put that money away for a rainy day

Many young people spend their money on luxury goods or expensive food. They seldom save their money for the future.

I highly encourage teenagers to develop the habit of saving because it benefits us greatly.

I have been saving since Primary Four. I have found that very helpful. I can buy my own books to enrich my knowledge. I can afford to join courses.

29 Feb 2008 - 12:00am