Most people would have heard about the money hack on cutting back on Starbuck's latte to increase your savings.
Some will have recently heard about Australian's Millionaire Tim Gurner rant on Advocado Toast and how it is making millennials poorer.
Locally too, we have a beverage (food) that is making Singaporeans poorer.
The Bubble Tea
Initially, I wanted to paste a picture of LiHo's or Gong Cha's Bubble Tea; however to avoid potential lawsuit for damaging their business, i guess better not! So down to the facts.
The Bubble Tea is a favorite Singaporean beverage and costs about $3- $3.50 per cup, especially among the younger generations. If an individual decides to reduce the occasions he drink on a weekly basis say from 5 times to only once. The annual savings will be: $3X 52X4 = S$624. That translates to about 20% of a young office worker's monthly take home pay......