Topic: Everything is over priced but people keep spending - page 7. (Read 1941 times)

I see a lot of people endlessly repeating that prices have gone up, for example:



And we don't talk about the salary increases during these 10 years? The 2010-20 period was low inflation, and from COVID in 2020 it was exacerbated, but what usually happens with inflation is that not only do prices go up, salaries also go up. What happens is that they tend to rise after prices and not in all cases compensate for the rise in the cost of living, so today everything is more expensive, but let's not just talk about inflation as if it were the only thing that happens.

Now to keep spending most people are pulling savings, or worse, going into debt, which is one of the worst things you can do for your finances going into debt to pay for consumption, like going on vacation. A few have jobs that have raised their salaries above inflation or have found ways to beat it with other income sources.

to get out of there, level up your skills, look for a side job, save 80% of your salary to invest and reduce useless expenses, avoid debt because if we just work and the money just runs out then we will work forever

to get out of there, level up your skills, look for a side job, save 80% of your salary to invest and reduce useless expenses, avoid debt because if we just work and the money just runs out then we will work forever

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.

Those who are wealthy have already saved their large sum in investment so therefore they are enjoying their life by eating and dressing because all of the income amount cannot be used for investment purpose. Those who are middle class people are just living their life by completing their needs only while they avoid all their wishes due to limited amount of money.

If someone is spending huge money by eating in restaurants then they can save such amount by eating a healthy diet at home so their health will be better and also they can invest in something if they wants. Spending can be reduces by reducing unnecessary activities but if you are continuously spending without thinking about future then you will regret during inflation.

The price of commodities are increasing everyday,  and these are the basic things people can't do without on a daily basis,  people will definitely spend money to eat food no matter how expensive it is . Because of the price of things are going up won't stop people from buying what they need. I think in this difficult time it seems people spend money more just because the price of things are very expensive and this won't stop people from affording what they want. One of the best way to survive in this season is for one to as much as possible to to create more sources of income, this will help people to provide for themselves what they want without considering how expensive the price of things are .

to get out of there, level up your skills, look for a side job, save 80% of your salary to invest and reduce useless expenses, avoid debt because if we just work and the money just runs out then we will work forever

It is understandable that inflation and rising costs can make living challenging. While you may not have control over the economy, we can take steps to improve our financial situation. Consider exploring options like part-time work, freelancing, or investing to increase your income. Building financial resilience can help you navigate economic challenges and achieve your goals.

to get out of there, level up your skills, look for a side job, save 80% of your salary to invest and reduce useless expenses, avoid debt because if we just work and the money just runs out then we will work forever

Poor people have no other thoughts than just being able to meet basic necessities for daily life. Difficult economic conditions are certainly felt by those of us who have a very weak economy, we are always looking for ways to get these goods, meaning that if we used to be able to buy a piece of bread, now we can get around it by just buying half of it.

With a tight economy, of course it is no longer possible to think about secondary materials, so now you can only think about primary ones while trying to work additionally to get more income.

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.

to get out of there, level up your skills, look for a side job, save 80% of your salary to invest and reduce useless expenses, avoid debt because if we just work and the money just runs out then we will work forever

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.

And thats reality and we dont have any choice but to deal with it. Even if you do want to complain but there's no way that you could really be able to avoid these circumstances but rather you would really be finding out yourself that finding up ways for you to survive specially if you are someone whose really that been that depending with your day job salary. Inflation would fuck us up imho.
This is why on the time that you are already aware that you've been struggling then you would really be definitely be making those budget plan and buying up things with expensive tags
would really be not on your main consideration or priority on which you would really be finding up those things on which you would really be seeing that it do functions
well but not really that breaking the bank.

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.

If needs are defined broadly, of course this will trigger various factors that make people still want to buy, even though the goods are expensive, of course if it is speculated on the economic situation of the community, of course it will be burdensome and become a real burden, We understand that expensive products are not a solution for the poor, but what can I say, the state of the product and the economy says so.

For example, food, as the OP said, actually many economically weak people complain about this, but with the expensive ingredients for food, of course the price of food must be adjusted to the price, so whether they like it or not, people still have to buy food, to cover their rumbling stomachs, even though it is expensive, in contrast to other products, for example cars, property, perhaps those who have a better economy can take advantage of all of it, Food is different because it is a primary need that must be fulfilled even though it is expensive, different from secondary food that can be obtained or not.

I mean we could clearly notice these high prices on every product in the market, I remember having around 10$ on a grocery and it feels like 10$ which is around 500Pesos here in my country is already a big deal, you could budget it somehow even though it was still a small amount of money but you could survive with it probably within a week with the right budgeting but right now it was just impossible your gonna need around 40$-100$ just to make it until next week.

The bottomline these things are just inevitable and there was really nothing that we can do about it, its inflation the government is just keeps in printing unlimited money, with that supply and demand of fiat money we could easily say that we are just slaves of this system, but country are being run by the government so there was nothing we can do completely to change this system.

The best thing that we can do about it is to adapt to it, we need to budget, learn how to manage our finances, be wise, have a financial foundation, have investments, etc. I understand that things are just over a price right now but if we are talking about needs there was no choice but to adapt to it , because its our basic need and we cant survive if we dont buy these things, but we could still do things to budget and go on some alternatives, I mean cooking at home on me do the trick, those restaurants just had a mark up around 300% of the food that you buy if you cook at home you have the choice of making it healthy and you could cook more than the serving on restaurants.

Were just gonna go back to investing and managing our finances, dont buy things that you could afford, have multiple income streams, have financial foundations, etc. It's not going to be easy for sure but we gonna need to do the hard work in order to survive, the world is cruel and not fair but we are living on it, we just doesnt have a choice so either do something about it, or stay poor.

Everything is over priced but people keep spending