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Singapore's public transport fares have increased by 7%. The fare hike, which comes into effect on December 23, 2023, means each journey will cost an additional 10 to 11 cents.
Will higher transportation fees affect your life?
In an era marked by inflationary pressures, this fare increase is unwelcome, akin to another Goods and Services Tax (GST) increase.
How to mitigate the impacts of fare hike?
There are several recommended ways by MoneySamrt to save money on bus & MRT fares.
Travel early to save on MRT fares before 7:45 am.
Optimize transfers within 45 minutes to minimize costs.
Use credit cards with public transport rebates, like $DBS GROUP HOLDINGS LTD(D05.SI)$ DBS Live Fresh or Citi Cash Back+.
Consider the Adult Concession Card, providing unlimited bus and MRT rides for a fixed monthly fee.
Participate in the Travel Smart Journey Scheme for points and vouchers.
Cycling and PMDs while adhering to regulations.
Any other ways to handle the high living expenses?
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