Personal Finance
Is Paying for Convenience Killing your Budget?
By Financial Horse  •  November 23, 2022
According to a Deliveroo study of 1,000 Singaporeans, 80% said they are ordering from food delivery services more than ever before, with 50% admitting that they order in food more than once a week. Convenience remains the key motivating factor for respondents, with 59% admitting that they prefer the convenience of ordering in over cooking at home. This resonated more with respondents aged 25-44 (67%), compared to older (45-54) Singaporeans (52%). With the popularity of e-commerce apps and expanding delivery networks, we are definitely paying for convenience a lot more. Does paying for convenience kill our budget? And should we try to stop ourselves from doing so?...
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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