Budget 2024: Can $400 Ease Your Living Costs?

A Cost-of-Living Special Payment will be provided to eligible Singaporeans in September 2024, ranging between $200 and $400 in cash. A survey conducted by Milieu Insight revealed that 62% of the 1,002 respondents felt that the government's latest budget measures were insufficient to help them cope with the rising cost of living. ----------------- How do you view? Are you eligible for the special payment?

Straits Times Index Down Year-to-Date at 3.18-%, Yet for me remain upbeat at slight 0.19%

$Straits Times Index(STI.SI)$  $OVERSEA-CHINESE BANKING CORP(O39.SI)$  $Sheng Siong(OV8.SI)$   The Singapore Straits Times Index (STI) has declined 3.18% year-to-date (YTD), reflecting broader economic challenges. However, me remain at 0.19% positive returns. I invested in dividend-yielding stocks like OCBC (O39) and Sheng Siong (OV8) have maintained modest gains, demonstrating the value of a strategic investment approach. Dividend Stocks as a Hedge In an uncertain economic climate, I often seek reliable income sources. Stocks like OCBC and Sheng Sion
Straits Times Index Down Year-to-Date at 3.18-%, Yet for me remain upbeat at slight 0.19%
PCT: Money Not Enough v10.0 : PCT = Pandas Coffee Talk. Singapore SGD is big right? So earning in SGD is big right? But don't forget spending in SGD is also big. To make things difficult in Singapore. Singapore lands space is 90%Housing. With only 10%Office spaces to work including F&B Foods & Beverage spaces. That mean for every 1Job. There are 10People fighting for it. We locals just want to drink Ice Coke Zero at coffee shops. We are no match for foreigners workers who in order to stay in Singapore as foreign expats are to kill all Singaporeans in getting a job. We locals get or don't get jobs still stay in Singapore with GST Vouchers benefits. But expats if lose their jobs mean they have to go back their countries. Their wives & children cannot stay in Singapore. Then of co
avatarkoolgal
02-25

Budget 2024 - Can SGD 400 Ease My Living Costs?

🌟🌟🌟The Singapore Budget 2024 has been announced and it is a smorgasbord of goodies, one of which is the Special Payment of up to SGD 400 per person.  There are also the CDC vouchers of which eligible families will receive SGD 600 each.  This is in addition to the earlier CDC voucher of SGD 500 per household.  These can be used in supermarkets and food centres. While these Government rebates  are good to have, I believe that it is not adequate to meet the high cost of living in Singapore.   The basic essentials like groceries have gone up as well as transportation and housing costs. Therefore it is important for me to have a budget to allocate my living expenses.  There will be more home cooked meals, checking special offers from supermarket
Budget 2024 - Can SGD 400 Ease My Living Costs?
avatarAqa
02-24
😱😱 Life is really getting tougher on the ground. The government increased the GST by 1% and the noodle hawker at my workplace increased his noodle’s price by 10%, from $5 to $5.50. He said every ingredient increased by 1% so he needs to charge 10% more! Most of the Budget 2024 measures have no impact on a lot of us as we are not eligible for the support. The government’s policies also seem to prioritize channeling money into CPF rather than directly to the people. It is so sad that this budget does not ease high inflation pressure.
avatarrinez69
02-23
Hais goverment give small money, take back whole chicken, very tough for us singaporean ;( more gst budget pls.
avatarUmess
02-22
avatarCuiluan
02-22
Well said. Thanks for sharing. 👏
avatarKczx
02-22
Budget helpful for people in need Singapore's 2024 budget aims at supporting the most vulnerable members of society. For those not directly benefiting from the support measures, you fall under the category of "doing well". The success of affluent and middle-class segments contributes to the nation's overall well-being. So instead of being disappointed with lack of payouts, let's focus our attention on which stock to invest. That's Better use of our time 😁
I don't think is enoughy to help people fihht with inflation. Especially lower medical fees is not cover. I suggest that government should give free consultations and medicine when using polyclinc service. Next closing down CPF SA account also we can't earn the 4.08% interest and the flexibility to withdraw and top up.
avatarnewtoUS
02-22
Okok good call i love it
Budget 2024:- 1. Nothing can be perfectly good! 2. Depends on dividual satisfaction 3. It is very likely that inflation will continue to surge as due to global warming, wars and frieght forward cost rise.
Replying to @koolgal:indeed correct👏, Prepare for a rainy day.//@koolgal:🌟🌟🌟The Singapore Government has done an excellent job in providing a stable, safe and great place to bring up my family.  However high inflation has slowly but surely eroded the intrinsic value of my hard earned dollars.  The Special payment of SGD 200 to SGD 400 to help with the higher cost of living is a lovely gesture from our government.  However the onus is on me to make sure that my income covers the increased cost of living  due to high inflation.  That is why it is important for me to invest in the markets to generate a passive income through dividends and capital growth. 
Wow big money 💰 🤑 
$SINGAPORE AIRLINES LTD(C6L.SI)$  lousy aeroplane,  hope fall to the sea.
Who expects these $400 to improve their lives? What a damn joke!😅Let me tell you what will happen after this budget is released.taxing the population and giving more vouchers are ultimate goal, By the way inviting more rich people here😅You can except for pushing up real estate pricesThat's good for the rich with multiple properties because they can profit.problems with housing affordability and cost of living issues.These are poor people problems.Everything makes sense when you release the decision makers in the government belongs to the upper class and not the "poor people" group.😅
😂😂😂This is just a way for the government to fight inflation"Vouchers to combat inflation" fucking drives me insane. It's feeding sugar water to a diabetic and only makes things worse. Anyone who has spent a week in an entry level macro econs course can understand this, and we keep getting this shite.For Low income/SES Singaporeans:Feel most pain from inflation.Demand is price inelastic (mostly essential goods).Spend less so contribute less to inflation.
SIA quite good profit . 
$SINGAPORE AIRLINES LTD(C6L.SI)$  Wow sundenly drop . May be good time to go in ?