Feeling the pinch of INFLATIONMany people are feeling the pinch of inflation - from food to transport to clothing and almost everything you wanted in your life.
Below are some of my own suggestions to beat this extra costs of living :
1. Go meatless - be it faith based or for the sake of health, there are sufficient research to prove that going on a meatless diet is good for our human body. Err... but the costs of veggies are high as well. Yes, but when compared to meat, it is lower and you can have a lot of different varieties to compensate.
2. Get fit - Find an exercise that you really like doing. Not just that but one that you can do it alone ,especially during this Covid pandemic. I find swimming, running , walking in the park good exercises to do. I can do it at my own free time and very affordable (swimming in SG). When you are fit, you help defray the costs of medical costs especially symptoms like flu, cough and fever.
3. Spend less, Invest more - When I say spend less, I am referring to your wants. There are going to be temptations , no doubts about that and it will corrupt and influence your mind on your purchases. Limit yourself to that. Spend more time researching on the good stocks you want to invest in. Save more money so that when rainy days come, you have a buffer and also able to participate in the market when opportunity arises. When market corrects, your capital appreciation on paper is going to suffer, so you would need strong dividend companies (offering 5-8% yoy) to tide you through.
Hope this is helpful to some of my followers !
