forced savings in 2008
My parents invested a large amount of their retirement pay in our house. Consequently they are financially challenged until their pension resumes in 2009. This is why I am very grateful for whoever invented personal loans which helped us survive this ordeal.
With my recent promotion as project manager, my parents asked me to donate a huge chunk of my salary, 1/3 to be exact, to our home expenses until their pension resumes. This will minimize our need to avail of loans. I’m not that worried about losing a lot of money though because I’m currently living in a spacious house within a secured and scenic village. Besides, they promised to pay me off in 2009. So it’s more of a forced savings for me.
