Transport fares up 7%! How to save money during high inflation period?
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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🌟🌟🌟With high oil prices, it is not surprising that our transportation costs have jumped together with our daily expenses.
To really get on top of things, we need to look at the whole picture. This means our income, expenditure, savings and investments.
I will look at my budget and how I can save and cut costs. That means eating out less, more home cooked food, eliminating unnecessary expenses like gym membership if not utilised. Getting the best deals on mobile phone plans, utility providers, home loan.
I would also look at how I can increase my income through stock dividends, part time jobs like giving tuition, selling on Ebay.
Where there is a will, there is a way to tackle high inflation. It needs a bit of planning and taking decisive action. Life presents challenges but nothing is impossible if we want to succeed.
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Based on the information available, there are several ways to cut costs in New Zealand. One way is to reduce your energy consumption by turning off lights and appliances when not in use. Another way is to shop at discount stores or buy second-hand items instead of buying new. Additionally, you can save money on transportation by using public transportation or carpooling. Finally, you can save on food costs by cooking at home instead of eating out.
使用有公共交通回扣的信用卡，就像$星展集團控股有限公司（D05.SI）$星展直播生鮮或花旗返現+。
考慮一下成人優惠卡，提供無限制的公共汽車和捷運服務，每月收取固定費用。
參加智慧旅行計劃積分和代金券。