After being hit with a global pandemic, worldwide recession, and an ongoing international conflict, it is no wonder that Singapore is experiencing a huge rise in inflation.
As of June, our core inflation (this excludes accommodation and private transport) is close to hitting an all time high, coming in at a 4.4% increase as compared to June 2021. The last time we’ve seen such numbers was in November 2008, shortly after the 2008 financial crisis.
While there is little you can do about inflation, we’ve compiled a few tips and tricks that will allow you to save money and accumulate wealth even in this turbulent economic time.
3 Ways to Save Money in 2022
There are many ways for the savvy Singaporean to increase their savings. These range from intense budgeting and investing to becoming more financially literate and adopting lifestyle changes.
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