- Joined
- Oct 7, 2014
- Messages
- 3,830
- Points
- 113
Imagine living on only $10.40 a day – that’s the reality for approximately 500,000 people in Singapore. According to The Department of Statistics, the amount needed for basic living expenses is estimated at $1,250 per month, per household. In 2011, 10 to 12% of households fall under this level.
I decided to try for myself if living on $10.40 a day would be manageable, and decided to limit my expenses for a week.
Before I embarked on this journey, I looked through my camera roll, Instagram feed and monthly reviews from Wally, the personal finance app I’ve been using for a reality check of my current expenditure.
It turns out that in 2017, I had spent a total of $4,125.95, with 54% spent on food and drinks. Scrolling through the list, I noticed that a good deal of my money had been exchanged for truffle fries and other food items from various cafés.
On hindsight, it seems ridiculous to spend $25 to $30 on a casual meal when there are so many affordable and tasty options around.
More at https://www.yp.sg/i-tried-living-on-only-10-40-a-day/
I decided to try for myself if living on $10.40 a day would be manageable, and decided to limit my expenses for a week.
Before I embarked on this journey, I looked through my camera roll, Instagram feed and monthly reviews from Wally, the personal finance app I’ve been using for a reality check of my current expenditure.
It turns out that in 2017, I had spent a total of $4,125.95, with 54% spent on food and drinks. Scrolling through the list, I noticed that a good deal of my money had been exchanged for truffle fries and other food items from various cafés.
On hindsight, it seems ridiculous to spend $25 to $30 on a casual meal when there are so many affordable and tasty options around.
More at https://www.yp.sg/i-tried-living-on-only-10-40-a-day/