You can easily save another 15%-25% if you do your research, buying only when there is special discount or buying in bulk.
Before you can ever reduce your expenses and increase your savings, you must first know where your money is going to. Many people share the same experience of having no idea where their S$5,000 salary went. 'How did i spent so much money?' i thought that i should have S$1,000 left at the end of the month but it seems to have all disappeared!!!
If you want to be wealthy, do not expect it to happen automatically. You must commit to spend time on your finances.
So, the first step to massively reduce expenses and increase savings is
1. Do your research... Buy only @ a discount
Don't believe???
Let us now do a case study to prove to you.
Case Study 1: Hello...Panda compares!
Step 1: Do your research and compare
1. Hello Panda Biscuit- 1 box - 57.5g
Price:
a. Sheng Siong: S$0.95
b. NTUC: S$0.95
c. Mama Shop: S$1.00
d. 7-Eleven: S$1.60 - Now promotion: 2 for S1.95 ( Dun buy here unless got discount)
e. Value Shop: S$1.05
f. ABC : S$0.80 (Cheapest* but the packing looks old)
g. Cheers: S$1.20
Comparision: (using the cheapest price to compare) 35g = S$0.49
2. Giant Hello Panda - 10 individual packets- 350g
Price:
a. Sheng Siong : S$4.95
b. NTUC: S$5.60
Comparsion: 1 packet= 35g = S$0.50
3. Hello Panda- 1 tin- 200g
Price: ABC shop- S$3.05 ( Can buy as a gift)
Comparsion : 35g= S$0.53
4. Hello Panda- 1 bigger tin- 450g
Price: Sheng Siong- S$5.80
Comparsion : 35g= S$0.45
5. Hello Panda Family Pack- 12 packets- 216g
Price:
a. Sheng Siong: S$1.90 *Best Buy*
b. ABC: S$3.05 ( Crazy, markup the price so high.. Dun buy here)
Comaprision: ( 2 small packet) 35g= S$0.30
So which is the Cheapest???
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The Result: 5. Hello Panda Family Packet!!!
Surprise right?
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ME SAYS:
This exerise took me less then 30minutes. Now i know. To save, buy the family packet, 12 packets at S$1.90, it is convenient to eat, comes with 4 different fillings, comes in individual packings and i can share with friends and it so much cheaper!!!
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Well, to add on to my research, i have also did a research on it competitor.
Wanna check out how the other competitor fair.....
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1. Huggy Bear from China- 1 box - 55g
Price: Sheng Siong: S$0.80
Comparsion: 35g= S$0.51
Price: S$1.95 *Too expensive!*
Comaprsion: 35g= S$1.45
Price: S$2.25
Comparsion: 35g= S$0.43
Final Verdict:
Need i say more... Hello Panda is still the best!
That's the end of my findings. Bye.
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