Dear All, It’s only normal and satisfactory that when you earn more, you convince yourself and justify reasons for you to be able to spend more. I’m sure several readers of this blog have been working for awhile now. And with that achievement of “work for awhile” comes annual increments from your jobs. It’s only fair that you pat yourselves on the back, look back and see how far you’ve come right?

First, Let’s Look at Inflation

Since the past few months, It’s never been more prominent and real to remind us once again of how expensive Singapore is, and is going to get more expensive. 1. GST increase Unless you’ve been living under a rock, this news shouldn’t surprise you. Source: CNA Come 2023, GST will increase by 1%, from 7% to 8% and another 1% in 2024, bringing GST to 9%. While some of us...