I will start in looking into my groceries list and see is there any thing that I can do to reduce the cost. I will
- Check whether is there any cheaper products that can perform equally well or even better than the current products that I always buy.
- Is there other places that offer better price for current products that I buy.
- Is there any unneccessary items that I will not need in my groceries list.
Another thing that I will look into is how I spend my money on food and drink. I always know that going out for meals in Singapore is always very expensive. For example, soft drink in coffeeshop will cost $1 plus. I found it ridiculous, as a can of coke from supermart is only $0.60. And also a plate of chicken rice in food court will simply cost $3.50, whereas some coffeeshop only sells it for $2.00.
I have no target in the amount of money to save, but if I can acheive to save $20 per month it is already very good. Saving $20 per month is like increasing your passive income by $20. In order to increase your passive income by $20, I need to invest $4800 which give me a return of 5% per year. So which is easiler, reduce your cost of living or increase your passive income?
2 comments:
Your post:
Saving $20 per month is like increasing your passive income by $20. In order to increase your passive income by $20, I need to invest $4800 which give me a return of 5% per year. So which is easiler, reduce your cost of living or increase your passive income?
My reply:
U really really really think the same as me....!!!!!!!! I have been telling many people about this for the past couple of years!!... Is it u copy me? =P
Anyway, i like your blog very very much until i read your blog everyday!
Hi ZhuKoLiang,
Bright mind thinks alike. Thank for reading my blog. :)
Regards
Freedom Achiever
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