Tag Archives: inflation singapore

9 Ways to Tackle Inflation

According to the Statistics of Singapore, the inflation rate in Singapore was recorded at -0.30 percent in November of 2014. Inflation rate in Singapore, however, is an average of 2.80 percent from 1962 until 2014. In Singapore, the most important categories in the consumer price index are housing and food. So, how does this affect… Read More »

Compound Interest

Albert Einstein once said “the most powerful force in the universe is compound interest”. Simply put, it is earning interest on not just the principle amount but also on the accumulated interest. For example, with simple interest of 10% per annum, $100 would grow to: Year 1: $110 Year 2: $120 Year 3: $130 Whereas… Read More »