Singapore is having a very high Inflation. GST is risiing. Household Tariff also. At this hard and bad time, what can we do to help ourself?
In the 1st place, there's no reasons for them to increase gst,maybe town councils waitg to increase theirs 1st aftr ge.Food is the area where we definitely have to foot out more in near future, less land for crops and bad weather beyond control.
Many S'porean still appear to be unfazed by any increase.I guess they r all spending all and not saving one cent for the rainy day.It's spend and spend until broke then borrow and borrow ,then sell their hdb.I know of some have their pay wiped out after pay day, becos of their bad spending habits.
It's ok. Just swipe the credit card to max. When economy down, must have at least 6 credit cards company stand by. Just swipe and swipe. USe the bank money to make the economy bounce back. Den u dun pay and declare bankrupt.
6-8 years later - you will be automatic discharge from bankrupcy why. My father was one of them. haha. He got discharge, he own 100k plus but now he is still well to do with his own business. What a cunning fellow. He got car under my mother name. Going holiday jsut apply oversea. Hp bill under my name. In fact it is like normal life to him. Business under my mother name.
Yeah, that"s a worrying trend many r copying.
Simple measure.
Cut down spending.
Eat less outside.
Stay at home.
Surf internet.
Watch tv program.
Sleep/nap.
Window shopping.
Spend with a limit.
Dont withdraw too much cash.
Lastly save whatever you have.
Though it may not help the economy, sorry govt, we need to do that to survive.