The new MAS regulations to promote financal prudence

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Earning more may also mean you're spending more (bigger cars, expensive property and etc)...your monthly expenses may higher so it's applicable

earn more also means paying more income tax to the government. many people did not include tax expenses in their financial planning. also, those paying tax using monthly instalments are not taken into the calculation of TDSR if I am not wrong. which is a good news in some sense for ppl that are merely passing the TDSR mark.