Inflation coming to hit us hard.

[Benarsenal]

On 3/14/2023 at 3:06 PM, Starry said:

"The total average cost of three meals a day in hawker centres, foodcourts and coffee shops was $16.89, said the report.

Based on this figure, the average cost of eating out for a month of 30 days is $506.70."

IMO, that $506.70/month per person for 3 simple meals a day is actually high. Most people will surely also eat some fast food and some fancy/restaurant food. Maybe even add in a couple of fancy drinks, desert and delivery services. Some maybe even eat another supper meal occasionally. If we add in those extras, easily per month will be close to double of that average figure.

MCF members easily triple of that number for per pax per month looking at the makan thread here!😆

 

Yes. I once did a basic calculation of how much I spend on food monthly. $500 is on the lower end of the scale. Sometimes I reach $600-700, or even $1k.

[Watwheels]

Cannot imagine now for sg to eat out is ex.

[13177]

On 3/14/2023 at 4:01 PM, Benarsenal said:

Yes. I once did a basic calculation of how much I spend on food monthly. $500 is on the lower end of the scale. Sometimes I reach $600-700, or even $1k.

No wonder money is not enough. 😅 And salary earn nowadays must be high, if not how to survive? Even can survive also might ended up not much saving.

[Victor68]

On 3/14/2023 at 3:06 PM, Starry said:

"The total average cost of three meals a day in hawker centres, foodcourts and coffee shops was $16.89, said the report.

Based on this figure, the average cost of eating out for a month of 30 days is $506.70."

IMO, that $506.70/month per person for 3 simple meals a day is actually high. Most people will surely also eat some fast food and some fancy/restaurant food. Maybe even add in a couple of fancy drinks, desert and delivery services. Some maybe even eat another supper meal occasionally. If we add in those extras, easily per month will be close to double of that average figure.

MCF members easily triple of that number for per pax per month looking at the makan thread here!😆

 

Hello, $5.63 per meal you don't really have many choices. Imagine 365 days eating the same stuff. Is this worth all the trouble of living in a developed nation but slave to the 10%

[Benarsenal]

Maybe this is their 'Swiss standard of living'. But without the corresponding high wages. 🙄

Edited March 14, 2023 by Benarsenal

[inlinesix]

On 3/14/2023 at 5:13 PM, Benarsenal said:

Maybe this is their 'Swiss standard of living'. But without the corresponding high wages. 🙄

If we are following Swiss price without corresponding income, most of us cannot afford to eat out.

Big Mac Index shows that Swiss is about 62% higher than us.

[13177]

On 3/14/2023 at 5:18 PM, inlinesix said:

If we are following Swiss price without corresponding income, most of us cannot afford to eat out.

Big Mac Index shows that Swiss is about 62% higher than us.

Income here difficult to correspond to the inflation. Many people salary still low.

[Throttle2]

When i said $5kpm was poor, you guys argue.

when i say $10kpm was sub sub seuy, you guys fight.

see lah.  Now no $15kpm household income ?   Can go f**k yourself already. Children will be underprivileged, forget holidays, stay HDB, public transport or COE car.  

good luck Singapore good luck.

so much for high per capita GDP , world class transport, best airport, etc etc etc….

whhhooooooo hooooooohhoo

[TangoCharlie]

On 3/14/2023 at 3:06 PM, Starry said:

"The total average cost of three meals a day in hawker centres, foodcourts and coffee shops was $16.89, said the report.

Based on this figure, the average cost of eating out for a month of 30 days is $506.70."

IMO, that $506.70/month per person for 3 simple meals a day is actually high. Most people will surely also eat some fast food and some fancy/restaurant food. Maybe even add in a couple of fancy drinks, desert and delivery services. Some maybe even eat another supper meal occasionally. If we add in those extras, easily per month will be close to double of that average figure.

MCF members easily triple of that number for per pax per month looking at the makan thread here!😆

 

So those on comcare assistance of 500 a month eat how many meals a day after paying rental, transport and utilities? 

🥲

[Lala81]

On 3/12/2023 at 12:21 PM, Lala81 said:

 

https://www.asiaone.com/singapore/system-down-cars-stuck-jam-second-link-6-hours-during-march-holidays?utm_medium=Social&utm_source=Facebook#Echobox=1678925402

Mlmlwml... 

[Scion]

big headache for Fed next week...

raise interest rate -> more banks buay dong liao

dun raise interest rate -> inflation still stubbornly high

to save the rich or the masses?

[inlinesix]

On 3/18/2023 at 8:00 AM, Scion said:

big headache for Fed next week...

raise interest rate -> more banks buay dong liao

dun raise interest rate -> inflation still stubbornly high

to save the rich or the masses?

FDIC has 1 year liquidity loan.

Mai Kia Mai Kia 

[Ginyu]

On 3/15/2023 at 4:03 PM, Throttle2 said:

When i said $5kpm was poor, you guys argue.

when i say $10kpm was sub sub seuy, you guys fight.

see lah.  Now no $15kpm household income ?   Can go f**k yourself already. Children will be underprivileged, forget holidays, stay HDB, public transport or COE car.  

good luck Singapore good luck.

so much for high per capita GDP , world class transport, best airport, etc etc etc….

whhhooooooo hooooooohhoo

Some 15k household income live the lifestyle of 50k  income are practically struggling. For the 5k income with no liabilities are living quite comfortably 😂 

[Wt_know]

On 3/18/2023 at 9:38 AM, Ginyu said:

Some 15k household income live the lifestyle of 50k  income are practically struggling. For the 5k income with no liabilities are living quite comfortably 😂 

how to be no liabilities? 

food, public transport, grocery, utilities (assuming no mortgage and serviced by cpf),

internet + mobile, medical, children (that's why sinkie cannot afford children),

maid if both are working, give parent pocket money, etc 

all these supported by $5K ... minus CPF ... 20% ... take home left with $4K?

Edited March 18, 2023 by Wt_know

[Throttle2]

On 3/18/2023 at 9:38 AM, Ginyu said:

Some 15k household income live the lifestyle of 50k  income are practically struggling. For the 5k income with no liabilities are living quite comfortably 😂 

Oh i totally agree with you. 
if you are $15k household you should live like $10k max

[Throttle2]

On 3/18/2023 at 10:28 AM, Wt_know said:

how to be no liabilities? 

food, public transport, grocery, utilities (assuming no mortgage and serviced by cpf),

internet + mobile, medical, children (that's why sinkie cannot afford children),

maid if both are working, give parent pocket money, etc 

all these supported by $5K ... minus CPF ... 20% ... take home left with $4K?

Can (other than mortgage paid via cpf) but basically from hand to mouth, zero luxury.   Hard life for the family.  

Edited March 18, 2023 by Throttle2

[Tianmo]

On 3/18/2023 at 8:00 AM, Scion said:

big headache for Fed next week...

raise interest rate -> more banks buay dong liao

dun raise interest rate -> inflation still stubbornly high

to save the rich or the masses?

maybe increase 0.25% instead of the hawkish 0.5%, and could be the last increase. 

Inflation is peaking already, and looking at it the shadow of recession has already appear.  

[Ginyu]

On 3/18/2023 at 10:28 AM, Wt_know said:

how to be no liabilities? 

food, public transport, grocery, utilities (assuming no mortgage and serviced by cpf),

internet + mobile, medical, children (that's why sinkie cannot afford children),

maid if both are working, give parent pocket money, etc 

all these supported by $5K ... minus CPF ... 20% ... take home left with $4K?

Without any outstanding loan, 5k is sufficient for simple lifestyle expenses 😂 

Edited March 18, 2023 by Ginyu