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?

avatarmamatt
06-07
Hm I don't know if is a scam but okey sure

SGX Weekly Review | Singapore to Provide Cost of Living Handouts; Singapore Economy Grows 2.2% Y/Y in Q4

Singapore shares extended the previous day’s gains on Friday (Feb 16), staying in positive territory throughout the trading session, including during Finance Minister Lawrence Wong’s Budget 2024 speech. For the week, the benchmark Straits Times Index (STI) was up 2.67 per cent or 83.64 points to 3,221.94.Here are the things to pay attention to this week:Singapore to Provide Cost of Living Handouts to Fight InflationSingapore will offer a special cost of living payment of up to S$400 ($297) to qualified citizens to help offset inflation, Deputy Prime Minister Lawrence Wong said on Friday.Adult Singaporeans who do not own more than one property and with incomes not exceeding S$100,000 will get a payment of between S$200 and S$400 as part of the government’s proposed budget, Wong, who’s also
SGX Weekly Review | Singapore to Provide Cost of Living Handouts; Singapore Economy Grows 2.2% Y/Y in Q4

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%
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?

Sheng Siong & Kimly: Budget 2024 Winners? | The Investing Iguana 🦖

🦖 Dive into the heart of Singapore's Budget 2024 with Iggy from Investing Iguana, shedding light on how Sheng Siong $Sheng Siong(OV8.SI)$ & Kimly $Kimly(1D0.SI)$ could be the big winners this fiscal year. Packed with insights, our latest video "Sheng Siong & Kimly: Budget 2024 Winners? | Investing Iguana 🦖" explores the fiscal policies set to benefit these giants in the grocery and food sector. Whether you're a seasoned investor or simply curious about the economic strategies shaping these industries, join us for an engaging and informative journey through the implications of Singapore's financial blueprint. Discover how easing inflationary pressures and encouraging technological advancements
Sheng Siong & Kimly: Budget 2024 Winners? | The Investing Iguana 🦖
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
$Straits Times Index(STI.SI)$  $STI ETF(ES3.SI)$  Singapore’s budget address on Friday is expected to address the rising costs of living and employment, issues seen as a litmus test for its fourth-generation leaders to prove they can take the city state through an “uncertain era” of geopolitical instability, analysts said. This year’s budget will also have added political significance given an expected leadership transition to the so-called fourth-generation, analysts pointed out, with the blueprint set to give citizens a glimpse of how the new administration would execute policies according to a road map set out in a Forward Sing

🎁Can Budget 2024 measures ease high inflation pressure?

A Cost-of-Living Special Payment will be provided to eligible Singaporeans in September 2024, ranging between $200 and $400 in cash.Eligibility criteria include being aged 21 and above in 2024, residing in Singapore, owning not more than one property, and having an assessable income of up to $100,000.Approximately 2.5 million adult Singaporeans are expected to benefit from this payment.Insufficient? Not eligible?A survey conducted by Milieu Insight from Feb. 17-19, 2024, 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.The 35-44 age group expressed the strongest sentiment that the announced initiatives did not adequately address their concerns regarding the cost of living.Some arg
🎁Can Budget 2024 measures ease high inflation pressure?
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.
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 😁

Singapore Budget 2024: The End of Special Accounts and Its Impact on You | The Investing Iguana 🦖

🟩🟩 In this enlightening video, Iggy from the Investing Iguana delves into the significant changes announced in Singapore's Budget 2024, focusing on the impactful decision to close Special Accounts for those aged 55 and older within the Central Provident Fund (CPF) system. 🟩 As Singaporeans navigate through the nuances of this policy shift, Iggy breaks down the complex information into understandable insights, explaining how the closure works, its rationale, and the broader implications for your retirement planning and investment strategies. With a keen eye on the reactions from the online community and expert opinions, this video is a must-watch for anyone looking to understand the future of CPF savings and how to adapt to these changes for a secure financial future. 🔔 Make sure to SUBSCR
Singapore Budget 2024: The End of Special Accounts and Its Impact on You | The Investing Iguana 🦖
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.
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. 
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. 👏
avatarnewtoUS
02-22
Okok good call i love it
avatarfluffik
02-21
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.😅
avatartinkie
02-21
😂😂😂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.