Wednesday, August 19, 2015

Money Saving Tips To Lower Your Cost Of Living In Singapore

We all know how to spend less by sacrificing. From eating out less to buying fewer clothes to cutting back on vacations, saving through sacrificing can be effective, but painful. So if you are looking for ways to save money, why not start with money saving tips that are relatively pain-free and easy to maintain?
Here are some tips that will help lower your cost of living, Singapore-style.

  • Take free early morning MRT rides

Early-bird commuters currently get to enjoy free MRT rides to the city area if they tap out of 18 designated stations before 7.45am on weekdays. If you miss the cut-off timing by a few minutes, you can still enjoy a 50-cent discount off your MRT fare when you exit the selected stations before 8am.

  • Leisure and entertainment 

Singapore offers plenty of opportunities for you to enjoy some of the best aspects of the city without spending a single cent.The Changi Airport is not just a place for travellers. Non-travellers can make a day out of hanging out at its three terminals. As the most awarded airport in the world, it boasts some of the best visitor-friendly facilities: free WiFi, a 24-hour food court, numerous restaurants, a play area for kids, a giant slide for adults and a GST-free public shopping area.Popular among locals, East Coast Park is the ideal place to get some exercise. You can enjoy activities like camping, outdoor barbeque, kite flying, rollerblading and cycling.

  • Eat on the Cheap 

In my opinion, the best food that you can get in Singapore are at hawker centres. The bonus is that hawker food is also the cheapest food in Singapore! For instance, NTUC members can get a $1.40 breakfast set at all Foodfare food courts.Foodfare food courts also offer food at below food-court prices with the same clean and comfortable air-conditioned environment.

  • Save on groceries

When buying groceries, look out for FairPrice house brand alternatives. These products are priced at least 10 percent lower than comparable national brands. To date, there are more than 2,000 FairPrice housebrand products and this includes condiments, fresh and processed foods, and toiletries.NTUC members also earn cash rebates. Low-income NTUC members are eligible for U Stretch vouchers

So, you see – spending less money is not impossible. Sure, you may have to tweak your lifestyle a bit, but the reward is really big. Try these tips and tell me if they worked for you. Share these with others below.
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