Personal Finance
High Electricity Costs With An Old Air-con System : What Did I Do?
By Turtle Investor  •  February 6, 2023
By now, Singaporeans are no strangers to rising electricity prices in recent years due to the perfect storm of global factors such as the pandemic and the Ukraine war. Without a doubt, the use of air-conditioning is the main reason why my utilities bill has stubbornly refused to budge despite my best efforts to reduce the use of electricity. In earlier and crazier days, the highest we have clocked is 700 kWh in a month which is mind-boggling for just the two of us. These days, we’re aiming for around 400 kWh which is a tad higher the national average (oops) if I’m not wrong. Coupled with the fact that my Mitsubishi Electric Inverter air-conditioning system is fast approaching twelve years of age, it is now far from being the most efficient machine that it used to be when it was brand new. I have a Mitsubishi System 4 aircon installed with one larger BTU...
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By Turtle Investor
Hello there! I am Kevin and the author behind the Turtle Investor blog. At age 37, I hit CPF Full Retirement Sum (FRS) of $176,000 on the last day of 2019, twelve years after graduating from university. I am married and owns a 4-room apartment. I continue to be gainfully employed to build up my portfolio and provide my loved ones with better lives. Leaving everything behind and transitioning to a digital nomad life in Bali remains an option but not something that I’m actively pursuing now 🙂
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