inflation Archives | MoneyDigest.sg

Personal Finance

Inflation Heavily Affected These Items Last 2022

Singapore’s inflation may have eased slightly in November 2022, but the Monetary Authority of Singapore (MAS) warned of prolonged pain likely to linger. Risk factors pile up to the nation’s financial vulnerability in the corporate, banking, and housing sectors. MAS stated, “Amid weakening external demand, the Singapore economy is projected to slow to a below-trend pace in 2023.” It added that “Inflation is expected to remain elevated, underpinned by a strong labor market and continued pass-through from high imported inflation.”

Personal Finance

How to thrive and not just survive amidst inflation

You may have noticed prices going up for the everyday items you buy. This is because we are now experiencing inflation. For folks who have been following the news, you would have come across the revelation that core inflation in Singapore has reached its highest level in more than 13 years in May 2022, driven mostly by increased food and utility prices. While some people may be struggling to get by, there are ways to thrive during times of inflation;

Personal Finance

Practical Strategies To Beat Inflation

Inflation is a sign of a healthy economy as it shows that the country’s wealth is growing. During inflation, you will experience periods of price surge. This is the perfect time to be more conscious of your spending. Do not worry! Inflation rates will eventually taper after several months. When this happens, your wallets can have the sigh of relief! Ultimately, here are some strategies that you can employ to beat the inflation. LET YOUR MONEY WORK FOR YOU Let’s

Retirement

Is Your CPF Enough to Retire On?

Many Singaporeans look to their CPF to provide for retirement. As the General Election draws close however, some critics have panned the retirement scheme, saying it no longer suffices. Have a look at some of the realities of the CPF, and decide for yourself: What is the CPF? The Central Provident Fund (CPF) is a mandatory savings scheme for Singaporeans. This fund is used to provide for a range of crucial financial needs, such as healthcare, retirement, and home ownership.

Investments, Personal Finance, Uncategorized

4 essential economic relationships Singaporeans need to know

We frequently hear of the word “economics” in papers or conversations, but how useful or applicable is this course of study to the real world? Understanding economics is in reality fundamental to understanding the price movements of every single good and service in our economy. It is the aggregation of the demand and supply forces. Indeed, when we see the airfare skyrockets after the end of school term, it is economics at work. Huge travel demand outweighing limited supply of

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