facebookHow Much You Save Using Eco-friendly Bags: Prices Incurred From Using Plastic Bags
37
shares

Advertisement

HOW MUCH YOU ARE SPENDING ON PLASTICS IN A YEAR

How Much You Save Using Eco-friendly Bags: Prices Incurred From Using Plastic Bags

profileJin Hua Yeo

“Auntie, can you give me one extra plastic bag?”

Source: The Straits Times

From trash bags to gloves, there are just so many uses for plastic bags!

But too many of them aren’t good for the environment.

First introduced in 2019, Fairprice is doing its part to reduce plastic bag usage and improve sustainability with its “No Plastic Bag” initiative.

Due to the initiative’s success, local convenience stores, Cheers, and FairPrice Xpress will be including an additional charge of 10 cents for plastic bags when we shop at any of their outlets starting from 2022.

Additionally, selected NTUC Fairprice supermarkets will be charging 20 cents for plastic bags too.

But what does this mean for all of us as consumers?

With the new surcharge, we incur another expense whenever we shop at convenience stores or supermarkets. 20 cents might not seem a lot now, but eventually, it will add up.

With that, let’s take a closer look at the costs incurred by the continued usage of plastic bags.


TL;DR: How Much You Are Spending on Plastic Bags in a Year

Maybe you don’t feel the pinch now, but these expenses will add up over a long time.

Let us help you break the numbers down and tell you some other more cost-efficient options!


Costs of Using Plastic Bags From Supermarkets

Source: AsiaOne

We all have to purchase groceries and essentials, don’t we? Even if we don’t, there’ll be someone in the family who always makes the trip for us.

DurationTotal Amount Spent
One Week$0.20
One Month$0.40
One Year$4.80

Assuming you go to the supermarket once every two weeks and are charged 20 cents for every transaction, you will be spending $4.80 every year!

Doesn’t it seem like much?

How about if we compare it to getting a reusable grocery bag from Fairprice, which costs 90 cents?

The reusable bag is worth less than two and a half months’ worth of plastic bags, and you can continue to keep using it afterwards.

Assuming you bought a reusable bag, you can save up to $3.90 in a year, and you can keep all that money for other expenses like the upcoming 12.12 sales or even a nice meal with friends.


Is It Worth Buying Your Own Plastic Bags?

Source: SKP

You could also opt to buy your own plastic bags in place of the ones given by the supermarkets, but let me ask you, how much do you actually save getting your own plastic bags?

Let’s say you spend $3 for medium-sized plastic bags, which comes in three bundles, each containing 27-30 bags (Roughly 86 bags on average).

Assuming you use at least three plastic bags per supermarket visit, you will spend an estimated 10 cents on plastic bags.

That’s half of what you spend on bags in the supermarket!

 How much you spend in a
WeekMonthYear
Supermarket Plastic Bags$0.10$0.40$4.80
Self-bought Plastic Bags$0.05$0.20$2.40
Reusable Bags$0.90$0.90$0.90

But let’s compare it to a reusable bag, which costs 90 cents but can be reused throughout the year.

The cost of getting a reusable bag will save you $1.50 in a year compared to buying your own plastic bags.

Do yourself and the environment and your wallet by getting yourself a reusable grocery bag now!


Other Costs Incurred from Disposable Plastics

Source: Giphy

The additional expenses for using plastic bags in NTUC are an excellent example of how plastics can incur other costs.

But what about expenses for disposable plastics we have been incurring without realising? Here are some examples:

Trash Bags or Bin Liners

Source: Tenor

One of the more common ways we reuse our plastic bags from supermarkets is to use them for our trash.

After NTUC Fairprice implements its surcharge, some of us might switch to buying trash bags or bin liners from the supermarket instead.

Bin liners cost at least $1.20 for a pack of 25. Assuming you throw out the trash 2 times a week, you will need about 4 packs a year, which means you will be spending at least $4.80 on bin liners in a year.

That’s the same amount you spend getting plastic bags from a trip to NTUC Fairprice, and that is not cost-efficient in the long run.

Rather than spending on bin liners, why not spend that money to get yourself a washable bin instead? The extra effort will pay off in additional savings in the long run!

Plastic Bags for Storing Food

Source: Freepik

Grabbing some takeout for dinner?

Sometimes, the hawker centre stalls you frequent charge an additional 20 cents for the containers and/or bags when you order takeout.

You can rack up a pretty massive amount after getting takeout from there after a while.

Assuming you eat at the stall four times a week, you will be spending $38.40 every year on containers that you’re most likely going to be throwing away after you’re done with the meal.

Getting a reusable container, which can be as cheap as $5, would be a better alternative, and it doesn’t cost as much as using disposable containers for a year!


How Else Can You Save the Environment and Your Wallet at the Same Time?

Source: Know Your Meme

Now that you know how doing your part for the environment can help save on unwanted expenses, would you like to see how you can invest while still supporting environmentally-friendly causes?

Check out our article on Environmentally-Friendly REITs now!

Advertisement

profile
About Jin Hua Yeo
You can contribute your thoughts like Jin Hua Yeo here.

🔥 What's Popular

    • Loading articles
    • Loading articles
    • Loading articles
    • Loading articles
    • Loading articles
    • Loading articles
Stay updated with the latest finance tips!
Receive bite-sized finance on Telegram here.

🔥 What's Popular

    • Loading articles
    • Loading articles
    • Loading articles
    • Loading articles
    • Loading articles
    • Loading articles

Join our Community!

Discuss your thoughts with like-minded members in these community groups!

Stay updated with the latest finance tips!
Receive bite-sized finance on Telegram here.