Thursday, 8 August 2019

Forum: Are Singaporeans spending too much?


The latest Household Expenditure Survey, based on data collected in 2017 and 2018, showed that Singaporean households spend an average of $4,910 a month (Household incomes, living standards have gone up, Aug 1).

Are Singaporeans spending too much when compared with their income?

Based on statistics from the Ministry of Manpower, the median gross monthly income for full-time employed residents, including employer contributions to the Central Provident Fund, is $4,437.

This could explain why most young families need double incomes in order for them to survive, and this indirectly results in the low fertility rate in Singapore.

One of the common reasons cited by couples for not starting a family is the cost of living in Singapore.

In the latest survey, most of the spending was on housing, food and transport. Combined, they made up 62% of monthly household expenditure. Could it be that costs in these three areas are too high?

What concerns me most is the recent announcement by the Transport Minister that public transport fares will have to go up, as well as the planned hike in the goods and services tax rate in the near future.

All these will increase the cost of living further.

I hope the Government can look into these three areas of expenditure and look at ways to help reduce them.

Leong Kok Seng

Ref: http://str.sg/ovH8


You may want to read 

1) Practices That are a Complete Waste of Money
2) Forum: Quality of life has little to do with income

Singapore ranks 32 out of 40 for work-life balance, second most overworked city

Singapore was among the bottom 10 for work-life balance and ranked the second most overworked city in a study of 40 cities released on Wednesday (Aug 7).

Source: Kisi, cna

The study by tech company Kisi showed Singapore came in 32nd among the 40 cities on the list for work-life balance. Helsinki nabbed the top spot, followed by Munich, Oslo, Hamburg and Stockholm. Kuala Lumpur was ranked last, with Tokyo close behind.

The cities included in the 2019 Work–Life Balance Index are "known for attracting professionals and families for their work opportunities and diverse lifestyle offerings", the study said.

Read more @ https://www.channelnewsasia.com/news/singapore/singapore-bottom-ranks-work-life-balance-second-most-overworked-11789264



Money: Australian dollar plunges to near 11-year low against Singdollar after New Zealand's rate cut


The Australian dollar plunged to multi-year lows on Wednesday (Aug 7) as investors bet that the country's central bank would follow New Zealand’s move with massive interest rate cuts.

The Australian dollar slumped to as low as 0.9246 against the Singapore dollar, a level not seen since Oct 24, 2008, when it touched 0.9158, according to global financial portal investing.com.

Wednesday’s tumble came after the Reserve Bank of New Zealand (RBNZ) cut its benchmark interest rate to an all-time low of 1 per cent as it forecast tougher economic conditions ahead.

One NZD is now worth 0.89 SGD.

Ref: https://www.channelnewsasia.com/news/business/aussie-near-11-year-low-singdollar-new-zealand-rate-cut-11789142

Food to cleanse the liver, kidneys & colon

The liver, kidney and colon function as elimination organs, ridding the body of toxins and waste. Toxins develop from both dietary and environmental sources and are frequently absorbed through the digestive system.

Signs of toxins include fatigue, constipation, low immunity, hormone imbalance, nausea, skin problems and poor circulation.

Food for liver detoxification
Milk thistle, dandelion root, kelp, burdock root, turmeric and sugar cane.

Kidney detoxification
Turmeric, cruciferous vegetables and adequate protein.

Colon detoxification
Fibre from fruits, vegetables, whole grains and legumes.
Cascara sagrada bark, senna, psyllium hulls, garlic, ginger and black walnut hulls.

Ref: https://www.livestrong.com/article/494831-natural-ways-to-cleanse-the-liver-kidneys-colon/