"A child saves money to buy a big thing desired, a girl to be married saves money to buy herself a dowry, a man to be married saves with the purpose of building or purchasing a new apartment or house, an old man saves against disease and death."
Being Frugal
The classic Chinese text Dao De Jing states that the three greatest treasures one can have are love, frugality, and generosity.
Saving as Much as Possible
If personal finance books advise us to save 10-20% of our income, the Chinese save 50% or more of it.
Paying in Cash
The Chinese are generally debt-free. But if they do borrow money, they try to settle the full amount as soon as possible.
Your Salary is not a Secret
If you ask a Chinese person in China how much money he or she makes, odds are that person will tell you. Discussing one's income is not always a matter of bragging because not everyone is rich.
Always look for a Bargain
In China, haggling is a way of life.Cash are the Best Gift
On every new year or birthday, Chinese children usually get cash gifts that they end up saving. Red envelopes are the standard gift for any celebration, and they are considered the best gifts because the recipient can do anything with the money.
The Chinese do not flash their wealth through material things.
They drive regular vehicles and live in ordinary homes; their comfort and security lies in the fact that they have fat bank accounts.
The Chinese fear the uncertainty of the future
They look at the big picture and anticipate problems long before they occur. There's a Confucian value which states, "In times of peace, prepare for war". Translated in financial terms, it means "In times of abundance, prepare for scarcity."
The Chinese find ways to make their money grow.
They put up additional businesses and make viable investments.
The Chinese are meticulous about interest rates for their time deposits
They scan bank rates and a difference of as little as 0.5% makes a big difference for them - of course when multiplied to their millions!:)
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