Saving & Spending
Cost of Firefighting in Singapore in 2019
By Investment Stab  •  June 10, 2020
  If we live in a world where the Government does not provide free fire fighting service for everyone, how much are you willing to pay for a fire fighting subscription? Before you continue reading, mentally give yourself a figure you find comfortable to pay for a fire fighting subscription service. Basically, if you subscribed to it, you pay a monthly subscription fee. When your house is on fire, firefighters will come and save you and your home. If you are not subscribed, well you save money but if your house's on fire, tough luck.
How Much Does Our SCDF Cost? In 2019, SCDF cost an estimated $617.6 million, protecting a population of 5.71 million. That works out to about $9 per month each person is contributing to SCDF. Fire protection is cheaper than my Netflix subscription, sounds like a great deal 😉. For a family of 4 however, one will be paying about $36 every month  ...
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By Investment Stab
We are a group of Singaporean students who are curious and interested in Finance. As we dive deeper into this area in search of more knowledge, the more debates and differences we have. We also realised that financial literacy is not strongly inculcated in the younger generations, leading to numerous costly mistakes. Some of such includes believing in "high profiting" scams such as land banking and buying unnecessary investment schemes which are often motivated by the salesperson's personal interest ...
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