Transportation in Singapore is one of the most convenient in the world. We can just tap and go using our Ez-Link card and we can have access to most of the public transportation in Singapore. 

Typically, a working adult in Singapore clocks in 2 to 4 trips a single day. This works out to be roughly 60 to 120 trips a month on a public transportation in Singapore.

Assuming one trip cost in about $1.50, we spend on average around $90 to $180 a month on public transportation in Singapore. 

While this is not a major expenditure, what if there is a way to actually save money on public transportation in Singapore?

Yes. There are actually many ways.

 In Wealthdojo, we like to keep things simple especially for money management. We believe that execution > complexity. 

We will like to recommend 2 ways to save money on public transportation in Singapore

Tip 1: Get an adult concession card

If you are spending more than $120 a month, this will be an obvious choice to you. (Read more: Adult Monthly Travel Card)

The Adult Monthly Travel Card (AMTC) is a concession card for adults who travels on public transportation a lot in Singapore. I strongly recommend Sales Representatives (i.e. Insurance Consultants, Property Advisers) to really consider this. It is priced at $120, and it allows for unlimited travel on Singapore’s basic bus services and rail services within the validity period.

(Read more: Tracking your expenses)

Tip 2: Make use of Rebates with Credit Cards

For those of you spending less than $120/month on public transportation, great news. In April 2019, we can finally use our credit cards for public transportation in Singapore. Good bye EZ-Link cards. This feature is called SimplyGo (Read More: SimplyGo).

From what we observe there are a couple of benefits for this.

1. Reduce the number of cards in our wallet
2. We no longer need to waste time topping up our EZ-Link cards
3. Receive cashbacks or miles from our credit card.

How does SimplyGo works?

There you go. As simple as that. With just a simple switch, you will be able to open yourself up to a world of benefit in credit card expenditure.

Match it up with credit card rebates

There are 2 camps for this. The cashback camp and the air-miles camp. Whichever you are on, select the credit card that best fits your lifestyle.

I estimate that a typical person will save around $50 a year on public transportation. This number don’t really seem much. However, the effort is minimal here to save this amount of money. (Why not?). I have shortlisted a few cards that my wealthdojo readers who have been trained in the Money Maximization: REV to consider.

1. DBS Live Fresh (5% Cashback. $600 minimum spending. Read More: DBS SimplyGo)
2. UOB One Card (3.33%/5% Cashback. Minimum spending structure complex. Read More: UOB SimplyGo)
3. DBS Visa Debit Card (3% Cashback. $400 minimum spending.)

For those who are new Wealthdojo readers, these cards are also pretty decent.

1. HSBC Advance Card (1.5% Cashback. No minimum spending)
2. Standard Chartered Unlimited Card (1.5% Cashback. No minimum spending)
3. DBS Black Visa Card ($1 = 1.2 miles)

Bonus Tip*: Double your benefits using Samsung/Apple Pay

Reduce your number of cards in your wallet further by now using an electronic wallet such as Samsung pay or Apply Pay. Both of them have their own reward system on top of the credit card rebates you will be having.

All the best in your Financial Planning.

In Wealthdojo, we believe in bespoke financial planning. Whether it is money maximization, insurance or investing, we believe that everyone is different and the planning should be suited for you.

All opinions above are my own. Please view our disclaimer page to understand more.

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Now that you’ve read about learnt about how to benefit from Save Money on Transportation I challenge you to read this article (How to Benefit from the Enhanced CPF Housing Grant )to push your understanding further!