How Much Does The Average Singaporean Household Spend Each Month On Groceries?
Over time, inflation and changes in our lifestyles mean that we will end up spending more – which increase our household expenses. According to the latest Household Expenditure Survey 2023, the average household spent $5,931 in 2023 – an increase of 2.8% per annum compared to five years ago in 2017/18. This increase has accelerated […]
Complete Guide To Understanding CareShield Life
Since 1 October 2020, all Singaporeans who turn 30 are automatically enrolled into CareShield Life – our national long-term care insurance scheme, administered by the Government. In effect, CareShield Life replaced the ElderShield scheme. When CareShield Life was initially introduced, those who were between 30 and 40 years old (born between 1980 to 1990) were […]
Guide To Johor Premium Outlets: Brands To Shop, And How Much Can You Save
Source: Johor Premium Outlets Due to a short distance and favourable exchange rate, some residents in Singapore would often cross the border to Johor to shop around for groceries or other items. One of the popular destinations to shop in Johor is the Johor Premium Outlets (JPO), an outlet mall that offers an eclectic mix […]
Why I Think Investing in ETFs Through a Regular Savings Plan (RSP) Is One of the Best Ways to Start Your Investment Journey
This article is sponsored by Nikko Asset Management. All views expressed in this article are the independent opinion of DollarsAndSense.sg based on our research, is purely for informational purposes and should not be relied upon as financial advice. DollarsAndSense.sg is not liable for any financial losses that may arise from any transactions and readers are […]
Complete Guide To Childcare Operator Fees In Singapore
In his Budget 2025 speech, Prime Minister and Minister for Finance Lawrence Wong announced that monthly childcare operator fees would be capped once again, for the second consecutive year. Childcare operator fees for full-day childcare will soon be capped at $610 for Anchor Operator preschools and $650 for Partner Operator preschools (excluding GST). This is […]
What is Singapore’s Average Household Income And Why It Is Different From The Salaries We Earn?
Compared to countries in the region and even developed cities globally, Singapore is typically seen as a rich and expensive country. In fact, many internationally-recognised reports frequently place Singapore among the most expensive cities in the world. As a result, our GDP per capita – defined as the gross domestic output per person – tends to be high too. In 2024, […]
4 Ways Singapore Investors Can Invest In Gold
This article is written in collaboration with the State Street Global Advisors. All views expressed in this article are the independent opinion of DollarsAndSense.sg based on our research, and is purely for informational purposes and should not be relied upon as financial advice. DollarsAndSense.sg is not liable for any financial losses that may arise from any […]
No Buy 2025: What Is This Budgeting Concept – And How To Cut Expenses Without Making Yourself Miserable
In a world flooded with advertising, credit cards and online shopping, impulse shopping has taken over. But, there is a small but growing ‘No Buy 2025’ movement, encouraging people to rethink their spending habits and practise delayed gratification. The goal is simple: commit to a year without buying anything that isn’t absolutely essential. In reality, […]
Guide To All The Benefits For The Large Families Scheme
During the Singapore Budget 2025 announcement, the government introduced the Large Families Scheme (LFS) to support married couples in Singapore who have, or plan to have, three or more children. This initiative demonstrates the government’s clear intention not only to encourage couples to start families but also to inspire them to consider having three or […]
Singapore Parents’ Guide To Understanding (And Maximising) Their Child’s Edusave and PSEA
Raising a child can be expensive: almost $220,000 to raise a child to 18 years old. To support parents with the cost of raising their child, and help each child fulfil their potential, the government offers various schemes to provide much-needed financial support. When Singaporean babies are born, parents can expect to receive between $25,000 and […]
