Many Singaporeans would agree that the cost of living is very high in Singapore. This is especially so during the few years in view of the rising inflation. In spite of the global economic downturn, unemployment rate remains low in Singapore. But most Singaporeans struggle with the rising costs, as their salaries remain stagnant. Henceforth, most of us are concerned whether we would make enough money to retire comfortably in our twilight years.
Recently, me and my good friend were lamenting on the rising cost of living in Singapore and pointed out that the same bowl of $2.00 noodle selling in the hawker stall now costs $2.50 or more. That would represent a 20% increase in prices and we were left wondering how an average salaried Singaporean can cope with this sort of inflation. We came to the conclusion that to beat the inflation and get out of ......