UOB

OF INFLATION AND AWARD WINNING LOR MEE

Dear readers, recently I went to a hawker centre on a weekday and was surprised to find to find that there was not much queue at an award winning lor mee, which has also opened a number of outlets around the island.

I have had the lor mee from the stall before and the taste was not bad. But ever since clinching the award and expanded all around the island, what was normally $5 for a large bowl of lor mee now costs $8.

Usually, when I was at the hawker centre, I would not think twice to order from the lor mee stall for a big bowl of lor mee at $8. To be frank, even a large bowl of noodles these days do not seem big anymore or will have me feeling fulfilled.

In the end, I ordered a bowl of Bak Chor Meee soupy noodles at just $4 and the noodles and soup as well as service was excellent! I topped off my hearty meal with a cup of Kopi-Gao at another $1.20. All in, my breakfast costs me only $5.20, which is still lower than the $8 lor mee.

I believe the high cost of living and inflation here would have cause the line of fewer people for the stall. At a time of high cost of living, I believe all of us can make smart choices each day, to save a few dollars here and then. Together, all the savings will accrue to savings much larger and will offset some effects of inflation.

That’s it for my insights today.  I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!


BINGE READ ALL POSTS!
Visit Home Page for more reads or Connect here!