Gosh! The inflation rate in Singapore is the highest it has been for 10 years. We need to go all the way back to 2012 to experience a rate of inflation as high as 5.4%. But remember that this is an average inflation rate. For some families in Singapore, their personal inflation rate could be lower. For others it could be a whole lot higher. For those of us who are feeling the pinch from higher prices, it could mean having to spend beyond our means in order to maintain our lifestyles. That, in turn, could mean drawing down on savings or, perhaps, taking on debt in order to make ends meet. A better idea could be to cut back on the things we spend our money on. Question is what do we cut and what should we leave in? It is possible that long-term savings could be some of the first to be cut. That is understandable. After all, putting food on the table...