facebookSince the Circuit Breaker started, what financial side effects are you observing in your financial lives? Has your overall expenses dropped significantly? - Seedly

Kenneth Lou

Co-founder at Seedly

01 May 2020

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Saving Hacks

Since the Circuit Breaker started, what financial side effects are you observing in your financial lives? Has your overall expenses dropped significantly?

Have you been saving more?

Discussion (8)

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Expense has drop in terms of transport, half a tank of petrol lasted for more than a month. Extra income from hitch has dropped since that is no longer allowed.

My overall expenditure has definetly drop quite a bit, about 35%!

I do not order in any delivery and only rely on either cooking or getting take outs occassionally, so that has really help me reduce my expenses by quite a bit.

However, my side income has been affected as I am no longer able to head to work on weekends even though I work in an industry that belongs to the essential services. But due to the guidelines set by the governing council, I am unable to perform procedures that I usually do. But on the brighter side, I still have my 9-6 job that pays me!

Elijah Lee

01 May 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi Kenneth,

Interesting question, I hadn't actually been analyzing my expenses too closely although I have the numbers. I've been either cooking dinner or just buying hawker food. So food expenses are pretty much still the same. But since I haven't been going out as much, discretionary expenses have reduced somewhat (lesser bubble tea, for example). I probably spend less than $10 a day on average. Utilities have not gone up much either, I don't have an air con at home, so I just use the fan.

Then against, as my income is variable, I can't say I am saving less or more, to me it's a matter of spending on necessities, and the rest goes to investment/war chest since I have enough in my emergency fund for now. I guess it's a case of business as usual when it comes to my cashflow, but this was honed over the past 10+ years.

Angeline Teo

01 May 2020

Calculator at The Internet

Actually i seems to be spending more on food.

buying a lot more groceries now and eating at home, its actually more expensive than the usualy eating at hawker or coffee shops (i do hope i am at least eating healthier)

and electricity.. lots of airconditioning at home now.

Cedric Jamie Soh

22 Apr 2020

Director at Seniorcare.com.sg

Utilities at home definitely has increased a lot.

More aircon, more TV, more cooking....

overalll ...

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