January 13, 2014

Miscellaneous

One day I saw my elderly neighbour picking up empty tin cans from a dustbin. It is not that he needs the little money he can made by selling the cans or old newspapers. Many elderly people who do this are thrifty folks. I believe it is due to their upbringing and their experiences when they were young. They are frugal and will not throw away things that can still be used. They get satisfaction from the small amount they get from selling the empty cans.

Every Tuesday FAIRPRICE gives a 2% discount to the elderly 60 years old and above. That means you pay 20 cents less for $10 of purchase. If you are not buying a lot of things, the money saved is not much. However, there is a psychological effect. People like to feel that they have gained. Many housewives will buy loads of things on Tuesday. Even people who don't buy a lot will wait for Tuesday to buy the more expensive things.

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