Personal Finance
Some Tips to Fight Inflation
By Sethisfy  •  January 25, 2023
“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...
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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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