Saving & Spending
How Much Is Our Money Shrunk In value In Singapore? (Infographic)
By Invest Openly  •  November 21, 2014
TGIF! Before we let our hair down and chill out in a couple of hours time, let's talk about some taboo topic : MONEY!
We all know that inflation is the main reason why our MONEY shrank in value by days. That's also the reason why we are prepared to take a bit of the risk to invest in stocks or any other instruments, with the aim to yield a returns that's higher than the inflation rate. Minimally, to preserve the value of our money for as long as possible.
To look at the impact of the inflation from a layman perspective, it is easier to dissect it at the place that hit us most i.e. the expenses. Recently, I chanced upon an infographic from fivestarsandamoon.com depicting the effect vividly.
Check out the infographic below to feel the pinch:
infographic on the expenses in singapore
So what can you deduce from the above infographic?On average, the expenses will ...
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By Invest Openly
My name is Richard Ng and I am a Malaysian turned Singaporean. This is a personal blog of mine detailing my venture in Share Investment Project. All the details in this blog are from my real venture (as it happens) and all amount quoted are in SGD (Singapore Dollars), unless otherwise stated.
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