theblether Posted June 4, 2013 Share Posted June 4, 2013 What's the general Thai attitude to money? Are they savers or do they spend like there's no tomorrow? Link to comment Share on other sites More sharing options...
Stradavarius37 Posted June 4, 2013 Share Posted June 4, 2013 Generalize much? Link to comment Share on other sites More sharing options...
theblether Posted June 4, 2013 Author Share Posted June 4, 2013 The word "general" should be a clue much? An answer in your experience would be appreciated though, then maybe somebody else will do the same thing, and then maybe we'll get a general picture. That's what tends to happen when you ask a general question that includes the word " general ". Just sayin' 1 Link to comment Share on other sites More sharing options...
RakJungTorlae Posted June 4, 2013 Share Posted June 4, 2013 your question is actually the answer. Link to comment Share on other sites More sharing options...
greg71 Posted June 4, 2013 Share Posted June 4, 2013 With nearly 7000 posts im sure you have some inkling ? 1 Link to comment Share on other sites More sharing options...
arthurwait Posted June 4, 2013 Share Posted June 4, 2013 The Thai Chinese that got rich mostly did by saving and reinvesting (including spent on education). Their kids who follow this attitude obviously save. Then there's the Thai Chinese kids who just seem to shop and spend all their days in Bangkok shopping malls or on flash cars. Give some money to someone poor and see how long before it is spent on something for face reasons. See how long a sponsors money lasts. Some rich people save, some spend as much as possible. See how many almost new cars and motorbikes are on secondhand dealers lots these days. Everyones different. Link to comment Share on other sites More sharing options...
Popular Post meom Posted June 4, 2013 Popular Post Share Posted June 4, 2013 They're quite thrifty with their own money. Someone else's money no problem; spent like crazy seems to be the mantra. 4 Link to comment Share on other sites More sharing options...
breadbin Posted June 4, 2013 Share Posted June 4, 2013 Thai people spend everything today and worry about tomorrow tomorrow. Why worry about money? There is no point in being the richest person in the graveyard. Link to comment Share on other sites More sharing options...
Popular Post Phronesis Posted June 4, 2013 Popular Post Share Posted June 4, 2013 (edited) A girl I dated recently, masters degree, good job, haggled with management over the inclusion of a 15THB drink on the bill at one of our restaurant meals. The following day she settled on a new townhouse she has purchased here in Phuket on a 30 year mortgage. I asked her what interest rate she was paying on the 2.75 million THB she had borrowed and her reply: I don't know. Perhaps penny wise and pound foolish is a good label... Edited June 4, 2013 by Phronesis 5 Link to comment Share on other sites More sharing options...
Tchooptip Posted June 4, 2013 Share Posted June 4, 2013 As far as I know for most many Thais due to their meager income its very hard, not to say impossible to save something Link to comment Share on other sites More sharing options...
MrZM Posted June 4, 2013 Share Posted June 4, 2013 From what I've seen Thais spend money on things they no can be resold, especially on gold. But they will still sit at a table 2 or 3 of them and eat 30 baht somtam. Link to comment Share on other sites More sharing options...
Popular Post joeaverage Posted June 4, 2013 Popular Post Share Posted June 4, 2013 (edited) hey, why not ask a thai? why go to a dog to find out what a cat eats? Edited June 4, 2013 by joeaverage 3 Link to comment Share on other sites More sharing options...
joeaverage Posted June 4, 2013 Share Posted June 4, 2013 With nearly 7000 posts im sure you have some inkling ? have you actually read any of them? other people don't really seem to be a favoured subject 1 Link to comment Share on other sites More sharing options...
theblether Posted June 4, 2013 Author Share Posted June 4, 2013 A girl I dated recently, masters degree, good job, haggled with management over the inclusion of a 15THB drink on the bill at one of our restaurant meals. The following day she settled on a new townhouse she has purchased here in Phuket on a 30 year mortgage. I asked her what interest rate she was paying on the 2.75 million THB she had borrowed and her reply: I don't know. Perhaps penny wise and pound foolish is a good label... I've seen similar, only in this case the lady in question bought a car with an 8,000 baht a month repayment, and she only earned 12,000 a month. I couldn't get my head round that. Link to comment Share on other sites More sharing options...
Popular Post MissFarmGirl Posted June 5, 2013 Popular Post Share Posted June 5, 2013 not all Thai person spend everything I don't have car, only scooter when I have money more then I need I look to give to family or buy some gold my family very happy with me and I have 4 baht gold Thai person not all same I never go your country England, but I am sure same there, some save, some spend Best advice is not to get credit card, easy money later come back to bite 15 Link to comment Share on other sites More sharing options...
lomatopo Posted June 5, 2013 Share Posted June 5, 2013 I've seen similar, only in this case the lady in question bought a car with an 8,000 baht a month repayment, and she only earned 12,000 a month. I couldn't get my head round that. Without details of her situation and monthly cash-flow it might be challenging to categorize her as a "Spender" or a "Saver"? Is she married? Live at home? Having a car can greatly expand one's mobility allowing one access to more job and educational opportunities, start a second business, save time, work more. That said, based strictly on the stated expense, factoring in fixed an operating costs, this person may not be able to save a lot each month? Generalizations and categorizations are tough, probably a lot depends on up-bringing, status/position, education. I assume you could find national averages for personal savings, debt, income etc.? Link to comment Share on other sites More sharing options...
Payboy Posted June 5, 2013 Share Posted June 5, 2013 I suspect it's much easier spending someone else's money. No guilt trip and all that. 2 Link to comment Share on other sites More sharing options...
muythai2013 Posted June 5, 2013 Share Posted June 5, 2013 I find if they have a reason to save they will, if not they will be free with their cash. 2 Link to comment Share on other sites More sharing options...
Popular Post smokie36 Posted June 5, 2013 Popular Post Share Posted June 5, 2013 My gf wastes money on kitchen units and wardrobes, flowers and sofas, property and pension plans. It drives me nuts that she doesn't spend it on essentials like trips to Singapore and free flow wine evenings. 5 Link to comment Share on other sites More sharing options...
theblether Posted June 5, 2013 Author Share Posted June 5, 2013 I've seen similar, only in this case the lady in question bought a car with an 8,000 baht a month repayment, and she only earned 12,000 a month. I couldn't get my head round that. Without details of her situation and monthly cash-flow it might be challenging to categorize her as a "Spender" or a "Saver"? Is she married? Live at home? Having a car can greatly expand one's mobility allowing one access to more job and educational opportunities, start a second business, save time, work more. That said, based strictly on the stated expense, factoring in fixed an operating costs, this person may not be able to save a lot each month? Generalizations and categorizations are tough, probably a lot depends on up-bringing, status/position, education. I assume you could find national averages for personal savings, debt, income etc.? In the case I quoted it was reckless stupidity, keeping up with the Joneses. Link to comment Share on other sites More sharing options...
overherebc Posted June 5, 2013 Share Posted June 5, 2013 Your topic heading Spend Spend Spend reminds me of someone called Vivian back in the UK. Can't be blethe bothered googling but I'm sure you'll remember. Link to comment Share on other sites More sharing options...
sunlong Posted June 5, 2013 Share Posted June 5, 2013 For most Thais spending time with us, we would never have that opportunity if they had a good grasp of personal finance issues. But despite better knowledge back home, I think it's a pretty safe bet that actual savings rates as a proportion of income are lower on average in our own countries than here. Just having that knowledge doesn't actually create the necessary habits to accumulate positive net worth. Rational understanding doesn't stand a chance for most of us against the well-developed science of marketing/advertising developed out of government propaganda techniques, driven by the need for infinite growth (as if that were sustainable) of our economic system. "Never worry about tomorrow, because tomorrow will worry about itself. Each day has enough trouble of its own." - http://www.gocomics.com/calvinandhobbes/1992/12/15 - http://www.gocomics.com/calvinandhobbes/1994/03/20 Link to comment Share on other sites More sharing options...
theblether Posted June 5, 2013 Author Share Posted June 5, 2013 Your topic heading Spend Spend Spend reminds me of someone called Vivian back in the UK. Can't be blethe bothered googling but I'm sure you'll remember. Viv Nicholson, she won the pools around about 1962, I think £100,000 at the time. When asked what she would do with the money she replied " spend, spend, spend ". She did, and she died penniless. Link to comment Share on other sites More sharing options...
Neeranam Posted June 5, 2013 Share Posted June 5, 2013 (edited) A girl I dated recently, masters degree, good job, haggled with management over the inclusion of a 15THB drink on the bill at one of our restaurant meals. The following day she settled on a new townhouse she has purchased here in Phuket on a 30 year mortgage. I asked her what interest rate she was paying on the 2.75 million THB she had borrowed and her reply: I don't know. Perhaps penny wise and pound foolish is a good label... Exactly like my wife. Takes all the old newspapers and plastic bottles to sell and doesn't know a thing about our mortgage. Couldn't even see that it made sense to pay 23k/month for 16 years rather than 18k/month for 30 years. Actually I am the opposite - penny unwise and pound stingy. Edited June 5, 2013 by Neeranam Link to comment Share on other sites More sharing options...
Neeranam Posted June 5, 2013 Share Posted June 5, 2013 Your topic heading Spend Spend Spend reminds me of someone called Vivian back in the UK. Can't be blethe bothered googling but I'm sure you'll remember. Viv Nicholson, she won the pools around about 1962, I think £100,000 at the time. When asked what she would do with the money she replied " spend, spend, spend ". She did, and she died penniless. There was a very good mini series on the telly last year when I went back to Scotland. It was about some people winning the lottery. The syndicate I think it was called. Link to comment Share on other sites More sharing options...
itchybum Posted June 5, 2013 Share Posted June 5, 2013 hey, why not ask a thai? why go to a dog to find out what a cat eats? Cos dogs spend a lot of time watching cats. Link to comment Share on other sites More sharing options...
Popular Post habfan Posted June 5, 2013 Popular Post Share Posted June 5, 2013 My wife is tighter than bark on a tree. I suppose I should be thankful but sometimes like when I order a second beer at a restaurant I could do without the eye roll. 4 Link to comment Share on other sites More sharing options...
rott Posted June 5, 2013 Share Posted June 5, 2013 With nearly 7000 posts im sure you have some inkling ? have you actually read any of them? other people don't really seem to be a favoured subject Come on bleth lad, I've never seen you lost for words before. 1 Link to comment Share on other sites More sharing options...
sunlong Posted June 5, 2013 Share Posted June 5, 2013 Viv Nicholson, she won the pools around about 1962, I think £100,000 at the time. When asked what she would do with the money she replied " spend, spend, spend ". She did, and she died penniless. http://www.businessinsider.com/17-lottery-winners-who-blew-it-all-2013-5?op=1 Link to comment Share on other sites More sharing options...
Popular Post MissFarmGirl Posted June 8, 2013 Popular Post Share Posted June 8, 2013 My gf wastes money on kitchen units and wardrobes, flowers and sofas, property and pension plans. It drives me nuts that she doesn't spend it on essentials like trips to Singapore and free flow wine evenings. Khun Smokie36, are you sure you write true words? I sure she like to shopping Singapore .. 555 4 Link to comment Share on other sites More sharing options...
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