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Friday, January 25, 2008

Use GIRO to pay for HDB Season parking (free)

One of the simple and easy ways to save money for drivers is to use GIRO to pay for HDB season parking.

Pay over the counter or via AXN machines: $90.00 per month
Pay using GIRO: $88.20 per month

Tangible net savings: $1.80 per month or 2%
Intangible savings: visits to town council office (which may incur traveling time and cost).

Extrapolate over 49 months (4 years 1 month), the 50th month season parking can be considered free.

How it goes: $88.20 divided by $1.80 = 49

Well of course, the next easier thing to save this money is not owning a car! :-)

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