After the annual budget review, Singapore often issues cash vouchers or payouts, such as Community Development Councils (CDC) vouchers, to redistribute wealth and support lower-income citizens. Even though it helps, as you mentioned, it is not quite sufficient given the high cost of living in Singapore! 🙃
Yeah Sinagapore is a costly place, certainly for visitors; I've been many times and always comment on the cost of things. Having said that, it's quite costly here too, money not going as far and so on, those not adjusting for it, their spending habits, are in for a wild ride into oblivion.
Yeah it is absolutely crucial for individuals to understand their spending habits and manage their finances wisely. Without careful thought and planning, things can quickly spiral out of control! 😵