Radio DJ Andre Hoeden has his parents to thank for his disciplined savings habit, particularly now that he and his wife have three young children.
Mr Hoeden told The Sunday Times that his parents never spent beyond their means: “We were not rich at all. Growing up was comfortable but not extravagant for sure.”
“My parents always saved for stuff. We had no car and we lived in a four-room HDB flat,” he says.
Mr Hoeden’s parents have retired. His father was a prison warden and his mum a beauty training manager with Estee Lauder. He has an older brother.
His parents’ simple lifestyle has rubbed off on him. Material possessions are not important, he says, and he does not own branded goods like designer watches.
Knowing the importance of thrift, Mr Hoeden, 42, has started imparting his money values to his three young children – Sarah, eight, Matthew, five, and Russell, three.