Inflation Woes: How To Stretch My Food Dollar? | Talking Point | Budget Challenge
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- เผยแพร่เมื่อ 15 มิ.ย. 2024
- Inflation is at a near 10-year high in January this year, and it’s hitting our food prices hard. So it’s more important than ever that we stretch our dollar when it comes to our food. That’s the challenge that host Steven Chia issued to two families for a week - to either save money on their meals, or figure out ways to get more food for the same amount of money. How much can they achieve in a week? And can they do it without compromising on their current lifestyles?
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more shocked about the 3 bottles of milk tea daily than the inflation rate 😂
the coming medical bills will dwarf the food bills
Exactly, imagine the amount of sugar.... omg.
Me too! Seems like a great way to ingest chemicals, sugar, micro-plastics and to throw your money away. And, tell me what is in that readymade tea that is so addicting she won't stop drinking it? Hmmm must be a powerful hit of sugar and high caffeine.
I'm glad I'm not the only one who spotted that. 3 bottles of milk tea daily.
Drink water.
An average of 16mg of sugar per 500ml of bubble tea drink...
I think this is the first CNA Insider video that I found completely unable to relate to. The 2 extremes of highly processed food and drinks vs pretentious organic vegan lifestyle are just so far apart to even resemble a normal middle income household.
LOL fear of not eating ORGANIC food...she has luxury problems🤣😂
I was like 🤦🏼♂️🤦🏼♂️🤦🏼♂️
I guess she doesn't realize that organic farms are situated between regular farms and get all the chemical fallout and runoff anyway 😂😂😂
Inflation aside, 3 bottle of milktea per day is savage
Yea dat why the family so buff lol
3 bottles of milk tea daily. Diabetes would like to say hello.
shes addicted to it, she should see the sugar content before drinking
Agree.
she is on fast track to diabetes
Sugar overload milk tea
A lot of ppl can definitely relate to these. Since 2020 we have tried to keep a small stockpile of non-perishable foods we regularly eat, which with rising prices have already saved us some money.
We also rarely eat out, but it's more for health instead of cost concerns.
Storage is very important for any pantry, maybe especially for perishables, so we don't wash fruits and veg and wrap/place newspapers to absorb excess moisture.
I'm also not too picky with organic vs. traditionally farmed produce, but try to keep in mind the dirty dozen that is better bought as organically grown.
Last is I try to buy in season(cheaper) and preserve in batches(i.e., kimchi, kraut, etc.), they're staples that I can pull out from the fridge for a quick meal for weeks.
honestly if you buy vegs and meat directly from the market (not supermarket) its way cheaper. also i never buy those in supermarkets because all packaging plastics is too much garbage already
in the first place, i noticed a lot of Singaporean are not cooking their own meals and bringing their own home cooked food to work and buying from outside instead
even the HUMBLE water... instead of buying Bottles of water, installing a water purifier at home and bottle your water at home and drink only water, will cut down money spent on sugar drinks.
if you need some "flavor" infusing the water with a fruit tea bag, can give it some flavor like lemon tea or blackcurrant tea bag..in water etc..
actually for "organic" veg, there are some veg that dun really need to be organic as they are less exposed to pesticides, like so like oranges with their thicker skin, usually veg with roots tend to benefit from going organic as they are in contact with the pestides most and absorb them more..
I bought grassfed organic milk for a couple of weeks at $6.99 a bottle 😱😱😱.
In 2 weeks, I went back to $2.79 a bottle regular milk.
We reduced costs by buying milk for coffee which consumes less than using for cereals. Sometimes using milk for baking, and alternative is using oats milk, we found one that tastes good and stayed with this brand. It costs lesser than milk from cows. I do disagree with one tip when it was mentioned about grocery store sales having good prices. It's not always true. Always check the usual price and sale price to the gram or ounce or millilitre and other products like it.
Example: $2.50 for 100g on sale $2.90 24 count but the gram is 85g, sometimes the marketing changes the package or the digital price tag
(I won't be replying to any comments)
If this helps click the Like or Comment
I liked the financial info, recipes, and food storage tips. More challenges like this please 😎
Owh yes you need to cut down on the milk tea consumption even if you have the budget for it! Even if you bancuh at home, the amount of condensed milk and sugar added are still pretty bad. This year, I'm reducing the amount of bubble tea I drink too, and so far, I have only drunk one fruit tea in 3 months.
Eating right and well doesn't mean spending a fortune on food. It takes effort to balance the household budget.
Great tips here! Some of our veggie/fruit prices have increased by a whopping 50 percent. My favorite dried shitakes have priced up so I dry fresh ones when they are on sale.
This channel is so wholesome i love it
Ya its getting really expensive. I consider myself middle income. Found the joy of eating at home and cooking rather than going out and eat. Spend less on restaurants, packed lunches . But eat at your local hawker!
Singapore is my favorite city to eat in. Love the Hawker stalls. Someday when this pandemic is a far away memory, I'd love to go to Singapore again.
The lady that drinks 3 bubble tea per day was probably influenced by your bubble tea challenge Steven 😂
She's addicted to sugar
The fact is, businesses are going to benefit from this inflation as they are going to use it as an excuse to increase prices way more than the inflation affects their costs. For example, hokkien mee cost increase $0.25 but they raise price $0.50 a plate.
u think inflation is only by 1 supplier?
is a chain effect, to consumer plate. everything went up.
oil, water, electricity, labour cost(person who cook, person who serve, person who clean after ur meal, person who wash.), rental cost, packing cost, raw material cost, transport cost. Not a single item or labour cost did not inflation n u think $0.50 is alot???
@@kristysiew7368 Im a business owner and I know and sorry-to-say will also practise what I just said about increasing price above increase in cost :) As long as customers are okay and happy and remain price insensitive, then its a win for me.
Your argument about not only 1 supplier increase price is not valid.
@@noproblematallmate I'm also a business owner. You can be sure what Kristy Siew is true. Not only 1 party will increase cost. Everyone down the value too will want to increase their cost. There's nothing wrong with that per se. Willing buyer and willing seller.
@@marktan8074 Not only 1 party will raise price is understood and very misleading when brought up. I'm merely pointing out about costs going up... not sure what is it gonna do with which supplier
For sure, once the price goes up, it rarely goes down.
I save so much on my grocery bill due to fasting 😀 👍
I fast & also an OMAD.
*Excellent documentary so Well Done CNA Insider* ❤💕❤💕
Truffle oil, bottled milk teas, cashew butter? Is this satire?
"what vendors do is, they will try to wait as long as they can". nope. as soon as they see someone else comfortably, bravely raising their price, they follow suit. at all stages of production.
He has not factored time needed, gas fees, power and water bills on homecooked meals, you also have to clean the dishes which can be time consuming as well.
I do not make that much money per hour so home cooked is still cheapest for me.
Still cheaper than buying outside.
They didn't emphasize much on the batch prep and cooking of meal bases that save a lot of time and money(if produce used is in season). But yeah, the financials are incomplete in factoring non-food costs..
When you buy groceries say 50 dollars and cook at home you can eat many meals but when you eat out its only one meal.
@@saracruze2212 Yes, exactly right. People are delusional about eating out being cheaper than home. Even a peanut butter and banana sandwich is cheaper than eating out! I have a drawer at work with cup ramen (.50), can of generic soup (.69), can of baked beans (.89) etc. This is for days I forget my lunch or am too hungry to drive home without buying junk. My regular home cooked lunch is 33cents to $1per portion depending on what it is. Fried egg sandwich, vegetable Fried rice, bean burrito, vegetable lo mein, casserole, etc. The cheapest fast food lunches in my area that include a drink: McD hamburger happy meal $5.79, Panda Express kids meal $6.90, etc. Some places offer $5 meal "deal" like Wendy's but that is still 4x higher than my homemade lunch! Don't even get me started on "dinners", lol. 😂 Let those simps keep paying high prices for eating out because someone has to support restaurants and you can bet it won't be me. Ca-ching 🤑🤑🤑🤑🤑🤑 I'm laughing at them all the way to the bank. 365 days x $4 saved per day x career of 40 years= a whole lotta wasted 💰💰💰 money.
I live in the states I still dine out about 3 times a week but I go places where I can get a senior meal or use discount coupons.
I've never been much of a vegetable person even when we had our own garden and used to can
Inflation - 🙂
3 bottles of milk tea - 👁️👄👁️
That lady with the milk tea addiction. It's the sugar that she's addicted to. She could easily lose weight by giving that up.
$7 for $20? What about your salary for x hours the cost of water electricity and cleaning including detergent?
The ending is good. Now i know i can use your method to mix outside fried rice with homecooked rice.lol
Great tips!
Good esp. but I realize that family and person spend on the very high budget. My food cost SGD 250 / mth for past 15 year and recently my mum retired. Even for 2 pax still is enough.
Were these the most normal singaporeans they could find to follow? One fam spends most of their money on junk food and the other on hipster vegan cliches. Is the producer of this show american? Or is this what singaporean viewers relate to?
Most middle class asians are healthy. They buy normal veg and meat, avoid excessive junk food, avoid the organic section, and dont treat themselves to truffle pasta for a week/month. They always eat hawker food when they aren't cooking rice, veg and a meat dish at home (not truffle pasta).
These people are too weird....
The Singaporean obesity rate is 10%, and 30% are overweight. This rising quickly as well. The junk food family is becoming pretty typical.
it makes a more interesting watch, rather than the “regular” consumer who already have modest expenditure
Please listen to Prof Wong at 8:30 ..
I'm a Data Scientist and in my work, I have practically seen and experienced how retail giants across the globe use consumer behavior substantially against the consumer and very surreptitiously stimulate, motivate, persuade, and trigger them to buy impulsively.
All the possible algorithms that exist in this world are being used against a consumer in the pursuit of attaining profits. It could be as subtle as product placement or as flamboyant as giving discounts on bulk purchases.
Please don't fall into this trap!! I wish people in my country India would have the courage to talk about such hard facts the way she does!!
Maybe new topic is the plastic use. Look at all the organic veges wrapped all individually in plastic
I was shocked with 3 bottles of milk tea. Imagine the amount of sugar in there.
Use a good cashback card for supermarkets… easily 6 to 8% savings.
Everyone knows $20 paid for a $7 pasta (raw materials costs only) needs to supplement rental, labor and effort. Thats y ppl would rather pay this amt than sweat it out in the kitchen to save on the difference. If need to be so calculative then eat instant noodles daily. its nice to reward yourself in right balance otherwise u lose the motivation to strive and work for your salary.
I buy foie gras and cook it at home. Now I don’t order foie gras when I go out. Luxurious food can be enjoyed at home at less than half of what it costs at restaurants.
The lion city is famous for the hawkers shop. Food is fresh and clean.
broccoli to turned yellow in fridge must be like weeks already (2 months) lol
Steven has already done a whole other video on this topic with intermittent fasting. Skip meals, save money, lose weight. Problem solved!
Then for those underweight? Starve to death? Was common sense consulted before generating your remark?
@@pinemarble8479 I consulted you mum 😂
@@zendude123 Cool, had fun? And yours gave good head son. 🙃
Online shopping can be cheaper as you are not browsing, blanch & freeze the broccoli it’s taste better than buying already frozen also save wasting it.
13:40 HAHAHAHA MAKCIK DA BEST!!!!
Couldn’t really follow the pasta made by Steven to be SGD7 as his grocery trip should be the base calculation of the week, not cost per meal/pasta. End of day expenditure is money spent on food and not how much you spend per meal. I think Steven spent over SGD100 that day to prepare the luxury meal. If he can use the same ingredient over the week then yes he drives the cost down but the per meal calculation which was done wouldn’t be really accurate.
Exactly. Speaking for the working classes, I have never bought truffle oil!
instant cup noodle still 1 dollar each, buy 3 per day just 3 dollar per day to survive on food. Need water just refill at community center water cooler. no need pay money.
You need protein, calcium, fruits and veg too, or will get very sick and have no energy.
Cheapskate
Ever heard of cancer?
Hope you have a working brain that allow you to think.
Try intermittent fasting or time-restricted feeding. If it's 16:8 then you have one meal less. Save time, save money and potentially get the health benefits (e.g less insulin, less inflammations etc).
I think you are forgetting to add the cost of electricity to cook the food or to blend the nut
Ive only notice that eggs price increase by a lot since CNY , the other stuffs not so much
no need spend time going buy items? no need wash? no need use water, ,soap, electricity, ? no need clean up? no need take a shower after preparing everything? preparing a meal takes some time x3 times per day x 30 days? surely can save more money??
yeah this is a good point that CNA talking point did not consider. Time is money. Utlility is money. So it be nice to also calculate that
Felt triggered when I see Steve dug his metal spoon into his rice cooker 😱
7dollars is 1kg chicken for me. I usually buy value items for more food in bulk and prepare in few weeks advance. raw chicken is 4sgd for 1kg
$3 for 10 eggs...1 year ago its $2...darn
8:17 So I guess she left Umbrella Corp for a lower stress career.
It was either that or be exterminated with the rest of Raccoon City, so she chose Singapore instead.
People trying so hard to survive. Lets hope the inflation will go down. Dont promote unhealthy food. If possible, buy what you need & what you can afford
I think cheapest meal is rice and beans. Cereal and milk. In college all I ever ate was cereal and milk. Even cheaper is instant ramen. But I'm not going to recommend that.
It's not totally true that hawkers will lose customers if they increase price. What if all the hawkers in a food centre raised the same quantum on the same day? What choice does a customer have? Please check if the price increase in ABC brickworks food centre were justify. Price increase in a hawker centre should not be a lead coordinated efforts, in doing so, aren't they becoming a cartel?
9:00 good advices
22:45 da best
Seriously 21 bottles of milk tea a week. Wasting $$ and definitely not healthy
Not exaggerating here, I can live off my pantry and freezer stuff for a week. Not going to be healthy, but at least fed. 😅
Milk teas are easy enough to make at home without all the sugar. The thought of her drinking 3 bottles of sugar makes me sick.
21 milk tea bottle per week?!
I don't know how to respon to this. I have less than $150 a month(around $30 per week) to spend on food and I still have good food with nutrition that my body needs,as I have a lot of issue with allergy and intolerant and not really into hawker culture. While she could spend $600? Okay nevermind
I guarantee you that you're not eating healthy. You're spewing crap saying one can eat salubrious meals with around $150 budgeted for food a month. Share your grocery list then, or are you just blatantly lying?
omg lol organic food is such a first world problem bruh
Then what, eat maggi and oily hawker food everyday and die of cancer in the next decade?
So for you, prevention is not better than cure? Get sick then seek medical treatment must be what you like.
@@pinemarble8479 chill lmfao eating non organic food products doesn't constitute to unhealthy eating bruh at a time where organic food may not be a feasible option then just consider non organic ones??? you dont need to be eating maggi or oily hawker food lol.
Do intermittent fasting, you save a ton of money and it's great for your health too.
If everyone ate just rice and beans, we would save a lot of money.
Eat less & Healthier (ie Save money & reduce weight)
Hey smart alec, how about just eat 1 meal a year, eat less right? I'm sure we'll all be able to save generously. Ah heck, why not make it 1 meal in a decade. Can save even more.
150-300 a week? Omg
I give you $10SGD, please replicate the pasta dish for me. How do I just buy 1 sprig of thyme or 1 tablespoon of oil? Not practical and the calculation just do not make sense at all.
19:15
Smells like lifestyle inflation. Just live like as if you're a uni kid with a monthly fixed allowance. Hit your FI early and then enjoy life and then can do whatever you wishes to
What if you die before hitting FI?
Hahahahahahahahahhahaha
I can't tell which one is Mohammed's wife and which one is the daughter
After watching how one of those families guzzle down on sugar, I hope their health care bills are not subsidised by the rest of us taxpayers should any of them contract diabetes.
I think sugar tax in Singapore would be a good thing.
CPI is 5.4% in March 2022.
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stop watched after hearing 3 bottles of milk tea daily...
👍
man, 2.4 inflation & Singapore start losing their shet? Dont la
Just don't buy
Asians and 2% "inflation" 😂
inflation is real. having the chef showing how to make mushroom puree is such a pain. would like to know which culinary school he came from.... joke
And one more + loosing weight.
Singapore people's grammar is so weird when they speak English.
I’m former Filipino it’s strange for me hearing Singaporean speaking English
But our first language in Singapore has always been English .-.
What do you former Filipino? If your background is Filipino plus born in the Philippines you are always a Filipino.
I am a German .Born and and raised there . I live in Canada with Canadian citizenship but I am always a German by heart.
Be proud of what you are.
Stupid advice, just want to induce users to rely more on apps so you will spend more in the future
COOK.AT HOME,DON'T DINE IN.HAWKER CENTRES AND FOR 2 PERSON 10 TO 15 BUCKS A DAY IS ENOUGH.BUY FROM ABC VALUE STORES FOR TITBITS.500 BUCKS A MONTH FOR 2 PERSONS IS MORE THAN ENOUGH.
Yeah I prefer organic food....price is expensive 🫰🏽