S$300 CDC Vouchers! Is It an Effective Way to Combat Inflation?
Inflation and sluggish consumption have been hot topics in recent years. To ease the financial burden on citizens while promoting economic growth, governments have introduced various policies.
When dealing with inflation, one of the most frequently discussed solutions is distributing money in different ways, and the Singapore government seems no exception.
Vouchers, subsidies, or appliance discounts: Which is better?
For example, over the past two years, the Singapore government has consistently provided financial assistance to citizens, with the total amount last year reaching S$1.9 billion. In addition to direct cash distributions, there are utility rebates and transportation subsidies.
In China, the government subsidizes large household appliances by 15%-20%. The Ministry of Finance announced that it has pre-allocated 81 billion RMB in funds for a 2025 nationwide "old-for-new" consumer goods subsidy program.
Some companies are also directly giving out cash.
For instance, $ocbc bank(O39.SI)$ has, for the second consecutive year, provided grants to junior employees to help them cope with rising living costs. Around 11,000 employees across the group benefited, including approximately 4,000 employees in Singapore, each receiving S$1,000.
The new round of CDC vouchers: Have you claimed yours?
Starting January 3, every Singaporean household is eligible for S$300 in Community Development Council (CDC) vouchers.
This round of vouchers introduces about 600 new participating coffee shop stalls offering affordable meals.
Supermarkets and neighborhood merchants have also launched promotional activities, such as additional discounts or free gifts, further enhancing the actual value of the vouchers.
How do you view the CDC vouchers?
Which government strategies do you prefer?
What are some money-saving tips to cope with high inflation?
Leave your comments and also post to win tiger coins~
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@icycrystal @Shyon @koolgal
As for the government strategies, I prefer a combination of direct cash assistance & targeted subsidies. Direct financial help, like the CDC vouchers provides immediate relief. At the same time, offering subsidies for essentials like utilities & transportation can ease ongoing living costs.
To cope with high inflation, I prioritize budgeting, cut back on non-essential spending & look for sales or discounts, especially on groceries and household items. Also, I invest in stable SG blue chip $ocbc bank(O39.SI)$ for consistent dividends & return!
@Tiger_SG @Tiger_comments @TigerStars @TigerGPT
any forms of help is appreciated... though not sure how much it can help since inflation is still riding high... everything going up... [OMG] [OMG] [OMG] salary increments and bonuses cannot even cover [Gosh] [Gosh] [Gosh]
@Shyon @rL @GoodLife99 @Universe宇宙 @HelenJanet @LMSunshine @koolgal @SPACE ROCKET @TigerGPT @Aqa
How do you view the CDC vouchers?
Which government strategies do you prefer?
What are some money-saving tips to cope with high inflation?
Leave your comments and also post to win tiger coins~
Over the past two years, the Singapore government has consistently provided financial assistance to citizens, with the total amount last year reaching S$1.9 billion. In addition to direct cash distributions, there are utility rebates and transportation subsidies.
@koolgal @Shyon @Aqa @SPACE ROCKET @TigerGPT @LMSunshine @rL @GoodLife99 @HelenJanet @Universe宇宙
How do you view the CDC vouchers?
Which government strategies do you prefer?
What are some money-saving tips to cope with high inflation?
Leave your comments and also post to win tiger coins~
Hope more help like this will be more forthcoming as there are alot of low income families.
@Tiger_SG @TigerWire @TigerGPT
Same goes to GST.. When Gov up 1% to 8% food stalls up their food by $0.5 to $1..
Our Gov again increased GST again by 1% to 9%, food stalls again increased by 0.5 to 1%.
Have anyone seen prices drop after they increased??😁😁
I dislike that supermarket vouchers are in denomination of $10. Why can’t they give it in $5 where it is easier for purchase? Maybe that’s why older folks sold theirs in black market.
I don’t think it is an effective way to combat inflation. I will never be able to enjoy the incentives provided by NTUC eg spending $60 CDC vouchers will receive a $6 NTUC voucher. I hardly spent more than $20 in NTUC - unless I buy a whole salmon which can be $45 and above.
对于我来说，这一策略是政府应对高通胀的一个不错举措。通过让家庭能够享受实惠的餐饮和购物体验，不仅缓解了高物价带来的经济压力，也促进了本地商家的消费。而且，这种面向社区的政策更加注重了低收入家庭的实际需求，体现了社会责任感。
个人而言，我比较喜欢这种直接惠民的政策，特别是对日常开销的帮助。相较于一些针对企业的税收减免或投资刺激，CDC代金券更直接、更贴近民生，实实在在地帮助到了每一个家庭。
在应对高通胀方面，我也有一些省钱小窍门。比如，尽量选择代金券覆盖的商户和超市，避免高峰时段购物，利用线上促销活动购买必需品，提前做好预算，减少不必要的消费，这样可以有效减轻生活成本压力。
Citizens can help themselves to cut down by looking for cheaper alternatives n spending on needs and not wants.
My personal opinion only.
@Tiger_SG
@Success88
@Ron18
@rL
@MHh
@AyKing