I make these things to budget my life better. I hope you find em useful too.
Let’s start with cold coffee!
Note: Coffee bean only has one cold brew size, compared to Starbucks’ three.
ALSO, you can see that the maximum savings you can get is $5.50 a day on cold, black (heartless) coffee. According to my calculator (you can download it here), that’d save me $15,467 at 35.
I thought it would also be interesting to list the prices for hot black coffee, which would eventually show us the price of ice after a quick subtraction.
The most you could save here is a comparable $5.3. Of course, a kopi o kosong is not the same as a Large from Coffee Bean. You might have to drink a little less coffee a day to make those savings. Ask yourself how much caffeine you really need.
Thought it would help to compile em all in a big graph too:
Aaaand ice price!
Interesting to see the increase in markup on ice for smaller vendors. That extra 20c-$1.30 would amount to an extra $562 – $3,656 at 35.
I hope you found these tables and charts useful. I’ll be adding more coffee prices here as I see them, and the next topic will be on something close to heart – cookies.
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Living a short walk from the local shopping mall and hawker centre, my mornings could involve a kopi o kosong peng or an iced americano. Sometimes I grind & press coffee beans at home, so… aiyoh, daily trilemma. But alas, variety is the spice of life.
Being a me, I had to list the options.
Kopi O Kosong Peng: $1.40
Kopi O Kosong Peng (Marked up): $3.00
Iced Americano: $5.00
Cold Brew: $5.80
Note on the Homemade: This will depend on your beans; I use 35g of beans a cup, so a 250g bag at $14 = seven cups at $1.96 each.
Look at the difference between an americano ($5) and kopi o kosong peng – you could be saving $3.60 a day!
What would this mean in a year? Or 5 years?
The answer is complicated – interest rates, inflation and options to invest need consideration.
Luckily for you,
So before we get into the sheet [free download at the end of this post] let me unpack these basics:
For money saved in the bank, interest rates determine how much your saved money grows over time, or the amount that banks pay you to keep your money in their account. They would then use your money to lend borrowers and charge them that interest.
Eroder of savings. Eater of worlds. Inflation is probably the number 1 reason to invest your money, and also why my iced kopi costs $1.40 instead of $0.90 like it used to back in school.
Inflation is the rate of increase of prices of stuff (goods and services la) over time. Inflation has many causes – higher costs of stuff-production, higher wages of stuff-makers (shame on your payraise), higher demand for stuff (e.g. when people in developing citiers can afford higher standards of living) and government policies are the usual suspects.
What’s Singapore’s inflation rate? Most sources use the Consumer Price Index (CPI), which tracks the change in price of commonly purchased goods and services, including housing and transportation.
For this post, however, I’ll be using the MAS Core Inflation, which excludes fluctuations in housing and transport. More info here!
To be a little conservative, let’s go with a fixed inflation rate of 2% per annum.
A popular topic – this could bloat up a post real quick. However, it’ll be good to illustrate just what can happen without investment, so I’m going to assume an investment growth rate of 0%. Keke.
Here we go.
Savings between Iced Americano ($5.00) to Kopi O Kosong peng ($1.40) = $3.60
Saving $3.60 a day means $1,310 a year! That may not look like much, and indeed $1,310 saved in the bank (earning interest) will only have the spending power of $1,221 in 7 years.
Summing up the accumulated years of savings, 7 years of disciplined cheap coffee drinking would result in an extra $10,124in my bank account.
If I invested those savings, say, in CPF top-ups with a guaranteed rate of 4%…
$1,310 saved this year would no longer be worth less next year, but more. Specifically, the growth percentage would look like this:
I’m the typical 20+ year old nearing my thirties – checking out housing options in Singapore, itching to move out of home. Inspired by talks with peers and this post from The Woke Salaryman, it’s now a habit to check out Propertyguru, 99.co and SRX from time to time get a sense of the real estate here.
Photos give me a clear picture of what living in the place will be like.
Price tells me how much I’d be sacrificing monthly on a mortgage or rent.
Floor Area… doesn’t ring any intuitive bells. I can’t ‘feel’ what a 45sqm studio or a 700sqft HDB flat looks like.
So I thought it would be helpful to feed my intuition by starting with relatable lego blocks, then scaling them up to fit some common floorplans in Singapore. Hopefully this helps you too!
A Square Meter (sqm) is a unit of area (Length x Width) defined as the area of a 1m x 1m square.
In imperial units, the same square would be 10.76sqft.
1m = 3.28ft
1sqm = 1m x 1m = 3.28ft x 3.28ft = 10.76sqft
Intuitive lego block 1: mattresses!
In a nutshell,
Super Single beds ≈ 2sqm
Queens ≈ 3sqm
Kings ≈ 3.5sqm
On to the houses!
Singapore’s housing sizes change over time, so I used the amazing Teoalida’s research to narrow down a rough floor area size for 5 types of flat:
1 Room / Studio: 36 sqm / 388sqft
2 Room HDB: 45sqm / 484sqft
3 Room HDB: 65sqm / 700sqft
4 Room HDB: 95sqm / 1023sqft
5 Room HDB: 115sqm / 1238sqft
Immediately, before going into pictures, we can divide these by mattresses to get a rough sense of their size:
1 Room / Studios: ~10 Kings + 1 Super Single (36.6sqm/394sqft)
4 Room HDB: ~27 Kings + 1 Super Single (93.95sqm/1011.3sqft)
5 Room HDB: ~33 Kings + 2 Super Singles (115.29sqm/1240.9sqft)
And now, some graphics.
For this one, I think it helps to simply think of 35 sqm as 10 king sized beds.
Roughly 3 more kingbeds equate to 9 more sqm!
Things start to get huge for the 3-rooms, the main difference being the twinning of the bathrooms and the bedrooms. Here, its easiest to think of it as 65sqm ≃ 700sqft ≃ 18 King beds.
With an additional bedroom and extension of the livingroom space, the 4-roomer is about 1000sqft, which is roughly 27 king-sized beds.
For the luxurious 5-room flat, the living room gets an extra space in this project, which is roughly 115sqm, about 33 King beds plus 2 Super Singles.
Hope the pictures above and the lists help you visualise floor areas for your own home searching! if you have suggestions or comments to make this more helpful, type them to me in the comments or contact page. Cheers!