July 4, 2022

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Money-saving tips from a Chinese millennial who owns two properties – Yahoo Singapore News

<p>One millennial is trying to show China that being careful and diligent with money can lead to lux.......

One millennial is trying to show China that being careful and diligent with money can lead to luxuries far more valuable than a fashionable bag or new wardrobe.

For Wang Shenai, her frugality strays into stingy, but it has come with a concrete reward: She is 32 years old and owns two flats in the relatively wealthy city of Nanjing, the capital of the eastern province of Jiangsu.

Wang, who is married with a kid, has been saving about 90 per cent of her salary, which she did not disclose, over the past nine years to buy the two flats in Nanjing.

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Her push for frugality appears to have struck a nerve in China. She gave an interview to Talk to Her, a programme on Tencent’s social media platform QQ, which has been viewed over 500 million times on Weibo. It has sparked tens of thousands of threads with people debating whether they should emulate her extreme lifestyle.

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In the clip, Wang laid out some of her unique strategies:

“I spend less than 100 yuan (US$15.60) per year to buy underwear because it is not a good idea to wear other people’s used undergarments,” she said. “But I have a friend who likes to buy clothes, and she will give them away even if she does not wear them that much. She will ask me to select whatever I want from her used clothes.”</…….

Source: https://sg.news.yahoo.com/money-saving-tips-chinese-millennial-100851918.html