“Inflation” is the word on everyone’s lips, and unlike some financial concepts that can seem distant and irrelevant, inflation impacts our daily lives quite directly. From our monthly mortgage to the price of our daily meals at hawker centres, the rise in cost of living is palpable, and here are some ways I’m coping with inflation.
<
div class="wp-block-embed__wrapper">
Opting for cheaper options
Going for lower cost alternatives has been something I’ve been practising even before interest rates got a little crazy. I used to spend S$25 for each haircut, until I realised S$12 ones worked just as well, before finally finding a salon that charged as cheaply as S$2. The going rate has since increased from S$2 to S$3, then again to S$4. That’s a shocking 100% increase, but since I’m already spending so little on my haircuts, it’s almost like a rounding error in...