Advertisement

Anonymous

08 Dec 2022

∙

Is it worth it to get your big purchases before end of year to get that 1% saving from GST in 2023 ?

Seems like most companies are using this to market for their sales campaign which i feel may not be the best choice to purchase based on that.

22

Discussion (22)

What are your thoughts?

Learn how to style your text

DunSayBojioHor

02 Jan 2023

If there is a need, sure. But don't buy for the sake of buying.

Reply

Save

Boon Peng

30 Dec 2022

I think it is worth to get big purchases by 2022 because we never know whether the companies will increase their prices along with the GST hike.

Reply

Save

Kent Toh

14 Dec 2022

Consultant at Sprinklr

Yes, it does seem like a marketing tactic. But its a fact. Saving 1% on $1000 is $10 which can buy you several coffee...

Reply

Save

Kz91

Edited 14 Dec 2022

No, of cuz not , every 1000 is only 1 dol , assuming big item is 10000 , it is only 100 . not worth it to save 100 and overspend. Assume item last 2 year , 100/24 is only less than 5 per month u are saving.

Reply

Save

Daniel Chua

14 Dec 2022

Digital Audio Visual Production (Nitec) at ITE

Lets be real. a 1% raise in GST is only 1,000 of cost for every 100,000 spend. Claim down. But yeah ...

Write your thoughts

Related Posts

Im a 21 years old with a 1.5 years old kid. taking full time degree as of now. I have a total Savings of 180k as of now. I sell stuff online ..getting revenue of 10k a month. Bto coming in 2023. Any good investment or saving plan I can consider?

I have life insurance 101k. Pay off Oct 2031. Surrender $9481.50. I don't have coverage of: 1)10-15 years worth of annual salary for Death and TPD. 2) 3-5 years of annual salary for income protections due to CI. Should I get Terms insc ? how much?

We are almost both 27yo. We currently have 26k savings, currently working (1 year in), saving 1.5k a month. Already tried balloting 4 times and failing to get a number. When should we go resale?

Should I discontinue a savings policy bought 6 months ago from an agent? It is stated that I will not be getting back a single cent if I discontinue this policy (a long term of 15 yrs with a cashback feature at end of 2nd year but pay only 10 yrs)?

What is the correct strategy to pay for a big ticket item like the downpayment for a house or for kids? Should I go into a savings plan that ends just when I am planning to purchase it?

Related Posts

Im a 21 years old with a 1.5 years old kid. taking full time degree as of now. I have a total Savings of 180k as of now. I sell stuff online ..getting revenue of 10k a month. Bto coming in 2023. Any good investment or saving plan I can consider?

I have life insurance 101k. Pay off Oct 2031. Surrender $9481.50. I don't have coverage of: 1)10-15 years worth of annual salary for Death and TPD. 2) 3-5 years of annual salary for income protections due to CI. Should I get Terms insc ? how much?

We are almost both 27yo. We currently have 26k savings, currently working (1 year in), saving 1.5k a month. Already tried balloting 4 times and failing to get a number. When should we go resale?

Should I discontinue a savings policy bought 6 months ago from an agent? It is stated that I will not be getting back a single cent if I discontinue this policy (a long term of 15 yrs with a cashback feature at end of 2nd year but pay only 10 yrs)?

What is the correct strategy to pay for a big ticket item like the downpayment for a house or for kids? Should I go into a savings plan that ends just when I am planning to purchase it?

Advertisement