Thursday, December 23, 2010

Purchase of Postage Stamps/Labels

I usually purchase postable labels from SAM Machines as it's so convenient (I can even weigh my letters/cards for the correct value of the postage) and practically "queueless".

Yesterday, after volunteering at a Christmas charity event, I further leveraged on my motorbike day parking coupon since I was on leave and parked at a HDB MSCP near Hougang Mall while on my way back home.

After settling a few banking matters, I went to Singpost intending to buy some postage stamps from the counters. The queue was at least 20pax long but luckily Counter 1 is for collecting/sending of parcels & purchase of postage stamps and there was only a couple there! I requested to buy 10 standard (26cents) postage stamps and I paid only $2.40 as compared to the $2.60 value!

Nothing great about this with reference to the absolute value but hey, at least it's some savings (7.69%). The % is comparable to credit card discounts at petrol kiosks, some restaurants of 5% and dividend yield of numerous stocks! For SMEs or small businesses that do not have prepaid envelopes and yet utilise postage stamps extensively, this might have more substantial savings for them.

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