Everything is over priced but people keep spending - page 5.

dothebeats

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There's not much that will happen if people complain. They will still have to consume these goods, especially their necessities, in order to survive. Their energy in complaining will just be wasted and would certainly fall on deaf ears, so they are forced to suck it up and just try to stretch their budgets as hard as they can. Some work two jobs to sustain their living, and some are just cutting their budget in order to get through until the next paycheck.

Quote from: |MINER| on March 23, 2024, 04:26:03 AM

To survive one must eat food and fulfill basic needs. So no matter how much the price of the product increases, you have to buy it. No matter how hard it is to make a living, you have to keep up with these to survive. The price of everything has gone up. Still people are buying them. Because these are their daily needs. But in this age, thinking of saving is wrong. Because what the middle class earns is spent on their food. So people are thinking about survival for now, they are not thinking about saving or investing.

I don't think even people in the middle class would think about saving or investing at all. They'd rather prepare for the next month's budget rather than thinking of saving the excess in banks or investing in something.

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Quote from: Distinctin on March 23, 2024, 03:42:41 PM

Quote from: topbitcoin on March 22, 2024, 05:38:41 PM

~

I believe with this rising inflation that made all our basic commodities price surge high, it comes to challenge how we will manage our finances most especially if we are only earning a minimal income. Saving might be highly compromised but we should know that saving is highly important as well as it can cater unpredictable events in the future, so we should still find ways to save irregardless of the remaining amount from our salary. When we can save consistently, investing should be the next plan. As saving alone might not give us the best advantage if we can’t use them for investing at some point.

You are right about that, because whether we realize it or not, without us realizing it, inflation continues to increase so that the prices of basic necessities also increase. And savings are something that is quite important for us to have, because perhaps it is the little money that we collect that will help and save us, when we are faced with a situation that is quite urgent and must be hastened. And after being able to save consistently, then thinking about investing, I think that is a pretty wise step to take. because as you said, by investing this can help us maximize the potential to be able to gain profits from money that has been previously saved, which of course can also help us prepare for a better future financially.

Quote from: Myleschetty on March 23, 2024, 04:39:18 PM

This is a sad truth and I could remember how some people made huge profits during the total lockdown season while some people are bankrupt till now because they don't understand the rule of investing in assets that will shoot up during inflation, recession, etc.
The interesting part is that the government never agreed that they have less control of the money supply and choose not to follow the right procedure to control it which is to stop the printing of more fiat currency every year.

I have to say that this is true, where when economic instability occurs, including inflation or recession, this can affect a person's profits and losses in investing. And therefore it is quite important for each individual to be able to understand the risks and investment rules well. Moreover, when the economy and trade are in a quite difficult situation like now.

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Quote from: nurilham on March 23, 2024, 04:49:58 PM

Quote from: |MINER| on March 23, 2024, 04:26:03 AM

To survive one must eat food and fulfill basic needs. So no matter how much the price of the product increases, you have to buy it. No matter how hard it is to make a living, you have to keep up with these to survive. The price of everything has gone up. Still people are buying them. Because these are their daily needs. But in this age, thinking of saving is wrong. Because what the middle class earns is spent on their food. So people are thinking about survival for now, they are not thinking about saving or investing.

Yes, people must have enough foods, they also have some basic needs/necessities. This is why people will never stop spending although the world economic is in a worse situation. I know the prices of almost all goods are increasing significantly, but we have no choice and can't stay away from the goods. It is actually the responsibility of the government to handle the situation. They must find out the way to control the prices of goods. Sadly, sometimes the government says that it is the responsibility of each individual to adapt with the current economic condition.

Humans doesnt really have that kind of contentment i would say despite on having that average earning or income and able to provide themselves on things which it should really do its job but
since you've known that you do have that money that you could really be able to spend out then for sure you would really be having that kind of thinking that you should be buying even something more expensive
just for you to go out with the trend and this is something that you would really be having in mind and this is why people wont really be changing up their mindset as long they cant really be able to purchase out those things.

nurilham

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Quote from: |MINER| on March 23, 2024, 04:26:03 AM

To survive one must eat food and fulfill basic needs. So no matter how much the price of the product increases, you have to buy it. No matter how hard it is to make a living, you have to keep up with these to survive. The price of everything has gone up. Still people are buying them. Because these are their daily needs. But in this age, thinking of saving is wrong. Because what the middle class earns is spent on their food. So people are thinking about survival for now, they are not thinking about saving or investing.

Yes, people must have enough foods, they also have some basic needs/necessities. This is why people will never stop spending although the world economic is in a worse situation. I know the prices of almost all goods are increasing significantly, but we have no choice and can't stay away from the goods. It is actually the responsibility of the government to handle the situation. They must find out the way to control the prices of goods. Sadly, sometimes the government says that it is the responsibility of each individual to adapt with the current economic condition.

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Quote from: OgNasty on March 23, 2024, 01:50:35 PM

Debts have gotten so out of control that it's obvious the government is just going to keep riding that printing press. The only way they know how to slow down inflation is to cause recessions and bankrupt people so they can't afford to buy anything, then bankrupt businesses who can't cut prices enough for people to buy. Eventually things reset and the government has more control over the people and less control of the money supply. The name of the game is to buy assets that will appreciate with inflation and make sure you can afford to hang on to them through recessions. If you're really lucky you get some extra money stashed away so you can have some fun once in a while. Make no mistake about it though, the government is going to keep causing recessions and inflating the currency until nobody can afford to own property. Only those who have a sick addiction to buying stocks (and maybe Bitcoin if it continues to gain adoption) will be the ones who can maintain their standard of living.

This is a sad truth and I could remember how some people made huge profits during the total lockdown season while some people are bankrupt till now because they don't understand the rule of investing in assets that will shoot up during inflation, recession, etc.
The interesting part is that the government never agreed that they have less control of the money supply and choose not to follow the right procedure to control it which is to stop the printing of more fiat currency every year.

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Quote from: topbitcoin on March 22, 2024, 05:38:41 PM

If you think that you have to be rich first to be able to invest, then this is a wrong perspective, because they can also be rich from the investments they make. And despite all the difficulties you experience, it is therefore important for us to be able to set aside a little of the income we earn to save and also to start an investment. You don't need a lot, just as much as you can, as long as this is done consistently. Don't let it be a week before you save money in a piggy bank, for example, and you have to open it again because someone is selling it in front of your house.

The current situation is indeed difficult, where prices of basic necessities have experienced quite significant price increases. But this is not an issue that can prevent us from saving and investing. In fact, we must be able to learn from the difficulties we are currently experiencing, because we will never know whether tomorrow will be better than today, or vice versa...? And if we are able to prepare everything from the start, of course the next day we will find the same difficulties again.

I believe with this rising inflation that made all our basic commodities price surge high, it comes to challenge how we will manage our finances most especially if we are only earning a minimal income. Saving might be highly compromised but we should know that saving is highly important as well as it can cater unpredictable events in the future, so we should still find ways to save irregardless of the remaining amount from our salary. When we can save consistently, investing should be the next plan. As saving alone might not give us the best advantage if we can’t use them for investing at some point.

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Quote from: Darker45 on March 17, 2024, 10:35:34 PM

I don't know where you're from, but from where I'm writing a good chunk of the people are working day and night just to survive. That doesn't just mean eating; that means eating instant noodles, fried fish, and other cheap food. That also doesn't just mean staying; that means staying in a small and hot room.

That makes me angry, but what makes me angrier, and deeply troubled as well, is the fact that these people have surrendered everything to the reality. They seem to have fully embraced the life that fate has assigned them. They seem to have no other definition of life outside the kind of life they're living in.

Anyway, if cooking a meal at home costs you as high as eating at a restaurant, I guess that's less hassle for you. Or better yet, it might help if you produce at least a little of your own food.

Nowadays, however, people still go to the market to shop due to dependency factors, as kitchen needs are mandatory daily things that must be fulfilled. Another effort, even though the price of goods is expensive, is to try to save money so that kitchen equipment is met, unlike secondary needs, and also save on fuel consumption by getting used to walking and riding a bicycle again and not taking credit items.

OgNasty

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Debts have gotten so out of control that it's obvious the government is just going to keep riding that printing press. The only way they know how to slow down inflation is to cause recessions and bankrupt people so they can't afford to buy anything, then bankrupt businesses who can't cut prices enough for people to buy. Eventually things reset and the government has more control over the people and less control of the money supply. The name of the game is to buy assets that will appreciate with inflation and make sure you can afford to hang on to them through recessions. If you're really lucky you get some extra money stashed away so you can have some fun once in a while. Make no mistake about it though, the government is going to keep causing recessions and inflating the currency until nobody can afford to own property. Only those who have a sick addiction to buying stocks (and maybe Bitcoin if it continues to gain adoption) will be the ones who can maintain their standard of living.

Dewi Aries

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Quote from: poodle63 on March 23, 2024, 04:35:32 AM

some people think lower class people can just stop buying food if the food price is high thats not how it works, you can't just don't buy a food because the price is high, its definitely a matter of survival, also, its a task better leave to the government to solve after all they are the ones that can solve this problem.
to be frankly speaking, we can also try to be self sustaining farming the food on our own there are plenty of technology available that could make that happen just by simply doing some simple farming it can spare us from overspending for food but then again it also requires additional effort that not all people can expend, therefore food price can only be controlled by the authority themselves.
if a country with agriculture sector is being motivated with advanced technology to boost up the yield i'm sure they can face the food price crisis easily.

In my opinion, even though food prices are rising, what we have to do is adapt and follow it, because the reality is that we live, of course we need food intake and to get that we have to balance it or follow the flow, it's also impossible if we do things that go against the grain, what we have to do is we You have to be able to balance it by having more income than usual, one way or another, but I'm sure everyone has their own thoughts on how to earn money and buy what they need to survive. and I think the government usually won't pay attention to what happens to society, because usually they only think about themselves.

It can be tried, maybe we can do this, but before that we also have to think that we have to be able to organize everything well and also prepare other things such as space, fertilizer and capital. but I'm sure not everyone can do it, maybe only a few people can do this, because there are people who don't want the hassle so they just buy it even though the price is high.

Bobrox

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Quote from: Stablexcoin on March 17, 2024, 06:56:53 PM

The cost of things has gone up so much so that it's glaring. Imagine paying 5-12$ for an average meal you could get before for 3$. The jump cost is extremely high. Cooking a meal at home can cost you the same amount you would spend on eating in a restaurant. Funny enough people still afford all these things without complaining. My anger is that we make money to spend it all into our normal life expenses. It's difficult now to save or invest unless you part of the rich people in society. An average man has to just eat, pay bills, and survive.

As long as there is supply and demand, I think everyone will spend money on things that are considered expensive, for example eating at a restaurant where the price paid is quite expensive compared to cooking it yourself. I think it is a habit of every human being as long as they have good finances, it is not a big problem to spend their money on things that are considered expensive as long as they are still able to maintain their financial condition.
It depend on social society or some one upgrade their life style, usually spending launch on the most cheapest place now they will spend more than 3x time higher for enjoying on restaurant.

I don't think much problem if you have good financial and need to get enjoying with your achievement during not upgrading your life style take borrowing.

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Quote from: n0ne on March 22, 2024, 06:59:25 PM

The governments around the world are trying to have the Fascist rule. This will keep suppressing the throats of the people and the opposition. The ruling governments will do whatever they plan, and this is completely against democracy. Even the people weren't able to fight for their rights. This has led to a massive shift in people's mindsets. In history, we can see a good number of struggles faced by the people, and they fought and got their rights. Now it isn't the same, as people weren't allowed or unable to fight. The only choice is to get adopted by the rule, and the same is happening around. This is the reason why people just keep spending to fulfill their needs, even when things are overpriced.

It is true that every ruler will certainly plan everything that can benefit themselves and very little we can see that the plans that have been made by them will be able to benefit the society they lead and of course the people are fed up with everything that is happening at the moment and there is a need for change that can enable people to get what they want.

Yes, of course at this time there should no longer be war and there will be laws that regulate this matter even though there are some who don't care about it, and following the rules is an absolute choice to follow and the prices of basic necessities which continue to increase will of course make society increasingly difficult to meet their needs.

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Quote from: |MINER| on March 23, 2024, 04:26:03 AM

To survive one must eat food and fulfill basic needs. So no matter how much the price of the product increases, you have to buy it. No matter how hard it is to make a living, you have to keep up with these to survive. The price of everything has gone up. Still people are buying them. Because these are their daily needs. But in this age, thinking of saving is wrong. Because what the middle class earns is spent on their food. So people are thinking about survival for now, they are not thinking about saving or investing.

some people think lower class people can just stop buying food if the food price is high thats not how it works, you can't just don't buy a food because the price is high, its definitely a matter of survival, also, its a task better leave to the government to solve after all they are the ones that can solve this problem.
to be frankly speaking, we can also try to be self sustaining farming the food on our own there are plenty of technology available that could make that happen just by simply doing some simple farming it can spare us from overspending for food but then again it also requires additional effort that not all people can expend, therefore food price can only be controlled by the authority themselves.
if a country with agriculture sector is being motivated with advanced technology to boost up the yield i'm sure they can face the food price crisis easily.

|MINER|

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To survive one must eat food and fulfill basic needs. So no matter how much the price of the product increases, you have to buy it. No matter how hard it is to make a living, you have to keep up with these to survive. The price of everything has gone up. Still people are buying them. Because these are their daily needs. But in this age, thinking of saving is wrong. Because what the middle class earns is spent on their food. So people are thinking about survival for now, they are not thinking about saving or investing.

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Quote from: m2017 on March 22, 2024, 09:45:01 PM

Quote from: Stablexcoin on March 17, 2024, 06:56:53 PM

The cost of things has gone up so much so that it's glaring. Imagine paying 5-12$ for an average meal you could get before for 3$. The jump cost is extremely high. Cooking a meal at home can cost you the same amount you would spend on eating in a restaurant. Funny enough people still afford all these things without complaining. My anger is that we make money to spend it all into our normal life expenses. It's difficult now to save or invest unless you part of the rich people in society. An average man has to just eat, pay bills, and survive.

It is not the value of things that has increased in price, but the value of money that has decreased. If the Fed's printing press goes berserk and churns out money non-stop, it creates an abundance of money circulating in the global economy, resulting in its purchasing power (inflation).

Cooking food in your own kitchen may not cost as much as eating in a restaurant. You are exaggerating, because the cost of food in a restaurant includes rent for premises, wages for staff, food preparation services, taxes, etc. You are comparing warm with soft.

If you spend most of the money you earn on meeting basic needs, this only means that your standard of living is low. If this makes you angry, then what efforts are you making to rise to a higher level and start earning more? You resent and resent the way this life works, instead of adapting and finding a better place for yourself. This is very destructive.

People's basic needs can't be denied. For $10 or $100, you will still buy food. Therefore, businesses that satisfy the demand for basic needs will always be relevant. This is a note for you.

I agree with this, if we look at it, the costing of preparing our own food at home is almost the same compared to buying from fast food or restaurants, the only difference is the serving of what is sold at the restaurant and that's valid because they have many things to cinonsider in their costing. Let's go back to what you said if a person earns just enough, does that mean he has a low standard of living and doesn't make an effort to increase his income? FYI, Not all people are blessed with a good company or businesses, there are many of employee who even if they work 2-3 jobs per day are still lacking, due to the high prices and expenses, other companies should also keep up with the salary increase, but nothing like that happens .

m2017

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Quote from: Stablexcoin on March 17, 2024, 06:56:53 PM

The cost of things has gone up so much so that it's glaring. Imagine paying 5-12$ for an average meal you could get before for 3$. The jump cost is extremely high. Cooking a meal at home can cost you the same amount you would spend on eating in a restaurant. Funny enough people still afford all these things without complaining. My anger is that we make money to spend it all into our normal life expenses. It's difficult now to save or invest unless you part of the rich people in society. An average man has to just eat, pay bills, and survive.

It is not the value of things that has increased in price, but the value of money that has decreased. If the Fed's printing press goes berserk and churns out money non-stop, it creates an abundance of money circulating in the global economy, resulting in its purchasing power (inflation).

Cooking food in your own kitchen may not cost as much as eating in a restaurant. You are exaggerating, because the cost of food in a restaurant includes rent for premises, wages for staff, food preparation services, taxes, etc. You are comparing warm with soft.

If you spend most of the money you earn on meeting basic needs, this only means that your standard of living is low. If this makes you angry, then what efforts are you making to rise to a higher level and start earning more? You resent and resent the way this life works, instead of adapting and finding a better place for yourself. This is very destructive.

People's basic needs can't be denied. For $10 or $100, you will still buy food. Therefore, businesses that satisfy the demand for basic needs will always be relevant. This is a note for you.

n0ne

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The governments around the world are trying to have the Fascist rule. This will keep suppressing the throats of the people and the opposition. The ruling governments will do whatever they plan, and this is completely against democracy. Even the people weren't able to fight for their rights. This has led to a massive shift in people's mindsets. In history, we can see a good number of struggles faced by the people, and they fought and got their rights. Now it isn't the same, as people weren't allowed or unable to fight. The only choice is to get adopted by the rule, and the same is happening around. This is the reason why people just keep spending to fulfill their needs, even when things are overpriced.

ChiBitCTy

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You've got a great point here and it's something I've been noticing as well. Personally I try and take a stand against price gouging, and as you point out, if businesses keeping getting ..business, ,at higher rates, then why the heck would they ever go back. This is what pisses me off when people will just go a long with it, which sets a trend and thing will likely never change back. So many examples of this from resteraunts to sports tickets and on and on.

topbitcoin

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If you think that you have to be rich first to be able to invest, then this is a wrong perspective, because they can also be rich from the investments they make. And despite all the difficulties you experience, it is therefore important for us to be able to set aside a little of the income we earn to save and also to start an investment. You don't need a lot, just as much as you can, as long as this is done consistently. Don't let it be a week before you save money in a piggy bank, for example, and you have to open it again because someone is selling it in front of your house.

The current situation is indeed difficult, where prices of basic necessities have experienced quite significant price increases. But this is not an issue that can prevent us from saving and investing. In fact, we must be able to learn from the difficulties we are currently experiencing, because we will never know whether tomorrow will be better than today, or vice versa...? And if we are able to prepare everything from the start, of course the next day we will find the same difficulties again.

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Quote from: DeathAngel on March 22, 2024, 02:00:48 PM

Despite increasing prices people continue to spend. Inflation erodes the purchasing power of money making it necessary for individuals to spend more to maintain their standard of living. I guess societal & peer pressure as well as psychological factors like the fear of missing out drive people to spend. There is easy access to credit & the desire for instant gratification contribute to increased spending. People may also prioritise certain expenses such as basic necessities or personal preferences which leads to continued spending despite rising prices.

We need to be wise in responding to all the rising prices of basic necessities due to inflation, managing finances well and distinguishing between needs and wants. This means that for basic necessities there is no way out, we are required to keep shopping. Meanwhile, on the other hand, such as the desire to buy goods because they follow a trend that is going viral, we can hold back as much as possible until the economy improves. If we are too wasteful it can destroy our own economy. It can be understood that not all of these things can be endured, there will still be other urgent needs that encourage us to spend money on shopping.

As you said, everyone has their own personal preferences, such as buying goods to support their work or business. Besides that, if we are the head of the family, then we also pay more expensive education costs for our children. I think everyone in every country has felt the same thing, maybe just at different levels. What is clear is that we have to be really wise in spending our money.

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Quote from: Stablexcoin on March 17, 2024, 06:56:53 PM

The cost of things has gone up so much so that it's glaring. Imagine paying 5-12$ for an average meal you could get before for 3$. The jump cost is extremely high. Cooking a meal at home can cost you the same amount you would spend on eating in a restaurant. Funny enough people still afford all these things without complaining. My anger is that we make money to spend it all into our normal life expenses. It's difficult now to save or invest unless you part of the rich people in society. An average man has to just eat, pay bills, and survive.

That's not true, you don't need to be amongst the rich persons in the society to invest, their are several asset to invest and some you can start with very low amount, even investing in bitcoin is possible using DCA method, you can just allocate a percentage of your income to invest in bitcoin on a steady interval.

And DCA doesn't only apply to bitcoin but other asset too, some real estate companies allow you to pay on intervals until your done, the old reason stopping anyone fro investing is the zeal to take the risk or unwillingness to invest, u know people still giving excuses about buying bitcoin till date and would still do so even in near future despite whatever price it is.

Topic: Everything is over priced but people keep spending - page 5. (Read 1914 times)