Cost of Living in Singapore 2012 May

It is already the last week of June, I think it is a little bit late to write the cost of living for 2012 May. I am very enjoy the life in Singapore so far. In May, I am very busy in learning investment. Singapore inflation rate rise to 5.40 percent in April of 2012. From my point of view, that means the total cost of living in Singapore rise by 5.4% comparing with that in April 2011. I don’t have the exact number how much I spent in April 2011, and it makes me realized again that recording the cost of living is very necessary. First, let’s talk about what is inflation.

In economics, the inflation rate is a measure of inflation, or the rate of increase of a price index such as the consumer price index. It is the percentage rate of change in price level over time, usually one year.[1] The rate of decrease in the purchasing power of money is approximately equal.

This is the definition from Wikipedia. Explaining in plain text, the inflation rate tells us how many stuffs we can buy today versus how many we could buy last year. To make it simple, I could rent a big single room with S$400 last year, but in this year, I even cannot rent a small one with the same amount. The important thing is that if the price keeps increasing, our saving become farther valueless. Therefore, saving is not enough today. We need to learn how to keep our saving valuable. We need to increase our saving value by investment. In the future post, I will write more about investment and I will also disclose some investment I will do. Here is my living cost of 2012 May.

Cost of Living In 2012 May (SGD $)
Fruit, Veg, Milk, Bread and Snacks $158.23
Transport $80.00
Meal $200.00
Phone Bill $262.43
Rental $565
Total Cost $1265.66

Check Cost of Living in Singapore 2012 April

You may have questions about some numbers. First, why did the transport fee get doubled? Actually, it didn’t get doubled. I always put $40.00 in my transport card. I topup my card twice in May and it left a lot for June. When I show the cost of June, you will see that reduces to $40 again. It was the same situation as Meal cost. In April, I withdraw $400 cash and I left some bucks. Therefore, I didn’t need to withdraw too much in May. Then, the phone bill is a big amount. I made too much international calls in April and it increased the phone bill in May. I am trying to find a cheap way to make international phone calls. Hopefully, I can reduce this part in June and July.

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