Was reading the news that the government is setting up more rules for money lenders and some of them said that they may throw in the towel as their profit margin is already very low. And when people can't find legalised money lender, they'll go to loan sharks to borrow money.
I would feel that the crux of the problem is not loan sharks or money lender. To solve it, it still boils down to education of the public. Our pawnshop advertisement, with the actors and actresses endorsing for them, brings across the idea that it's alright not to manage ur money. If u have no money, just go to the pawnshop to exchange for money.
Our society, our school avoid the talk of money or money management. When we ran out of money, we ran to the advice of equally poor people. Instead of tackling the root of the problem, we just try to cure the symptoms, and facing the same problem a while later. Anyway, tackling the symptoms is far easier than tackling the root of the problem...
Monday, March 12, 2012
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