I REFER to the letter “Spend wisely to avoid debt trap” (The Star, Nov 2). I have witnessed some parents spending so lavishly that their children adopted their ways when they grew up. One of my friends who was very successful in his business in the 1980s liked to spend lavishly. Many young people buy cars beyond their means and get caught in a debt trap. We hope that parents will set good examples for their children by spending prudently.

Source: The Star November 13, 2017 23:15 UTC