How has inflation affected your savings and investing? - page 5.

jrrsparkles

sr. member

Activity: 2436

Merit: 272

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Rruchi man on September 24, 2021, 12:22:00 PM

Inflation is really kicking in, the cost of things are getting really high in the market and its not even december yet, its effects are evident on the price of food stuffs, transportation, electricity bills, gas bills and others. How are you handling it and how has it affected your savings/your percentage for investing (if you have one)?

Have you had to cut down on your expenses so as to maintain the percentage of your income you allocate to savings & investing?, Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?

Inflation started to eat our saving that is the actual reality in most part of the world, from food items to expensive luxury things the price hiked over 10% in this year and its expected to increase further in my opinion but I guess there will be a shock in the demand and supply for sure in the near future which makes the things more difficult so be prepared to face it.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: molsewid on September 25, 2021, 01:16:18 AM

Quote from: palle11 on September 24, 2021, 04:08:10 PM

There are nothing in particular that you can do on this. You can save if you have left but you can't save when you have not taken food to your belle. If you don't enough with good diet, you are likely to have low immunity exposing your self to bacteria, virus and all kinds of infestion including covid-19. You can't cut down on expenses when you are already underpaid or not paid at all. Generally, life is now difficult across the land and inflation is not stopping anywhere.

Each year inflation keep on rising and as a human we don't have any other choice to do than to deal with it and the thought of cutting expenses were one of the way to cope up with the constant rising of inflation. But sometimes cutting expenses is not applicable especially if the primary commodity of a family has the highest amount expenses monthly like the food. Due to inflation the portion for savings and investment has been cut also to meet the primary needs of a person.

There are certain things that are important and not to be looked away from. If cutting down expenses is to take away the concern of our primary health, it means we have more bigger troubles in our hands. We open our health to infestions if we don't take precautions about them and the result is the payment of high hospital bill to treat ourselves and by then we still in same place or have lost more to our health. Therefore cutting down should not make us susceptible to health bad practices that will endanger our lives.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

So far, my cost does not yet increase significantly and I can still control my monthly expenses and do not have a problem with that. But I prepare to reduce some things that I think are not too necessary to my family so I think I can save a couple of dollars that I can use as a reserve if I need urgent money.

On a monthly, I try to save at least $50 in my saving and my crypto investment so just in case, I can sell some if I need more money to cover my bills or the other expenses. It is hard to admit, but we can only prepare ourselves if the cost rises because the government adjusted some products.

Dread Pirate Roberts

sr. member

Activity: 1512

Merit: 326

Quote from: Rruchi man on September 24, 2021, 12:22:00 PM

Have you had to cut down on your expenses so as to maintain the percentage of your income you allocate to savings & investing?, Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?

Well I save in various types of assets. like stocks. deposits and properties and only use the money for personal and entertainment needs. and not interested in expensive goods. so I think inflation doesn't really affect me that much at the moment. and I think the most important thing to deal with inflation is to choose a savings instrument that keeps the value the same. may have an impact on people who do not do so .

molsewid

hero member

Activity: 2170

Merit: 530

Quote from: palle11 on September 24, 2021, 04:08:10 PM

There are nothing in particular that you can do on this. You can save if you have left but you can't save when you have not taken food to your belle. If you don't enough with good diet, you are likely to have low immunity exposing your self to bacteria, virus and all kinds of infestion including covid-19. You can't cut down on expenses when you are already underpaid or not paid at all. Generally, life is now difficult across the land and inflation is not stopping anywhere.

Each year inflation keep on rising and as a human we don't have any other choice to do than to deal with it and the thought of cutting expenses were one of the way to cope up with the constant rising of inflation. But sometimes cutting expenses is not applicable especially if the primary commodity of a family has the highest amount expenses monthly like the food. Due to inflation the portion for savings and investment has been cut also to meet the primary needs of a person.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Quote from: Rruchi man on September 24, 2021, 12:22:00 PM

Inflation is really kicking in, the cost of things are getting really high in the market and its not even december yet, its effects are evident on the price of food stuffs, transportation, electricity bills, gas bills and others. How are you handling it and how has it affected your savings/your percentage for investing (if you have one)?

Have you had to cut down on your expenses so as to maintain the percentage of your income you allocate to savings & investing?, Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?

Inflation hasn't affected very much yet depending on where you are from. If you are from the US somehow it's affecting major cities already which it's in the news how high gas is. If regular people only see this coming, they could have prevented spending a lot to waste. Expenses in the remote areas aren't very much affected as local producers are increasing prices but only shrink their products except bread prices, it's expected to go high. Is a good thing that kids' classes today are online because if it's not, the higher the cost of living will be.

We all cut expenses already especially because I can scare myself so I won't go out there preventing covid infection.

Darker45

legendary

Activity: 2576

Merit: 1860

When the pandemic entered, the prices ballooned. The cost of public transportation in some routes here in my place, for example, have even doubled. However, this increase in the prices of goods and services have not factored regular inflation yet. This was just the immediate reaction to the pandemic. Inflation brought by the indiscriminate printing of money has yet to take into full effect until now. So I am really bracing myself for more rounds of price increases and further weakening of the purchasing value of money.

Quite frankly, I was forced to cut down on my expenses. But it doesn't feel like I am forced to do it because the prices have changed a lot. It was more like I was forced to do it because there is a pandemic. Expenses on travel and other leisure activities have gone down a lot not only because the prices have risen but movements are curtailed to the essentials.

UmerIdrees

hero member

Activity: 2366

Merit: 866

Quote from: Sayeds56 on September 24, 2021, 09:27:49 PM

Quote from: Rruchi man on September 24, 2021, 12:22:00 PM

Inflation is really kicking in, the cost of things are getting really high in the market and its not even december yet, its effects are evident on the price of food stuffs, transportation, electricity bills, gas bills and others. How are you handling it and how has it affected your savings/your percentage for investing (if you have one)?

Have you had to cut down on your expenses so as to maintain the percentage of your income you allocate to savings & investing?, Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?

Inflation is a global issue and it has made life difficult for everybody. Whatever you do to increase your income at the end it is eaten up by increasing prices of goods and services. The increase in cost of energy is the main driver of inflation because its trickle down impact comes on all kind of food stuff which is primary need to keep should and body together. The only way to fight inflation to increase income by making investment in Bitcoin which is anti inflationary currency or do extra work to increase your earnings to maintain standard of living.

The question is who is affected by inflation. Its the common man who work day and night to earn and save money, and at the end of the day he finds out that his saving is reduced because the value of currency is gone down. The people in power do nothing but just keeps on printing the fiat and increase their purchasing power.

This does not end here. How fair is that people in the US get free money in the name of stimulus checks while people in the under-developed countries have to work for the money. This is another cause of Inflation at a global level.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: Rruchi man on September 24, 2021, 12:22:00 PM

Inflation is really kicking in, the cost of things are getting really high in the market and its not even december yet, its effects are evident on the price of food stuffs, transportation, electricity bills, gas bills and others. How are you handling it and how has it affected your savings/your percentage for investing (if you have one)?

Have you had to cut down on your expenses so as to maintain the percentage of your income you allocate to savings & investing?, Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?

Inflation is a global issue and it has made life difficult for everybody. Whatever you do to increase your income at the end it is eaten up by increasing prices of goods and services. The increase in cost of energy is the main driver of inflation because its trickle down impact comes on all kind of food stuff which is primary need to keep should and body together. The only way to fight inflation to increase income by making investment in Bitcoin which is anti inflationary currency or do extra work to increase your earnings to maintain standard of living.

The Sceptical Chymist

legendary

Activity: 3458

Merit: 6948

Top Crypto Casino

Quote from: Rruchi man on September 24, 2021, 12:22:00 PM

Have you had to cut down on your expenses so as to maintain the percentage of your income you allocate to savings & investing?, Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?

Usually people don't cut down on their expenses in order to invest more--and if they do that, it's a stupid move. That's how traders/investors get into trouble, because they've got way more skin in the market than they should. You should always take care of your expenses first, and then (and only then) invest in whatever if you've got cash left over.

Me? I haven't been investing in much of anything as of late, but that's not strictly due to inflation but personal circumstances. However, I have seen the prices of things I buy regularly going up and up. One other thing I've seen is that manufacturers are shrinking the size of their products, whether it's peanut butter or bottled watter--and they're charging the same amount. That's a sneaky way to inflate prices if you ask me.

Issa56

hero member

Activity: 1484

Merit: 928

Seriously in my country now it haven't been funny because the inflation is really high now and now my savings can't longer buy things I wanted to buy with it before I will definitely have to add money now before I can get anything I want and I don't really know how we are going solve this problem because is not really funny now because things are getting worst.

FulxilCoris

member

Activity: 123

Merit: 11

www.fintropy.io

The inflation problem it doesn't become too serious in a developed country like mine and Covid has really managed to manage many supply chains over time and the fact that we can grow in the long run most countries. most developing countries have a high annual growth rate, for them it is a very normal number and in general wages in these countries are adjusted year by year. In general, life across the country is currently struggling and does not stop there. We must learn to endure and try to overcome difficulties.

teosanru

hero member

Activity: 2114

Merit: 618

Quote from: South Park on September 24, 2021, 04:10:02 PM

Quote from: teosanru on September 24, 2021, 12:37:42 PM

Quote from: Rruchi man on September 24, 2021, 12:22:00 PM

Inflation is really kicking in, the cost of things are getting really high in the market and its not even december yet, its effects are evident on the price of food stuffs, transportation, electricity bills, gas bills and others. How are you handling it and how has it affected your savings/your percentage for investing (if you have one)?

Have you had to cut down on your expenses so as to maintain the percentage of your income you allocate to savings & investing?, Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?

The retail inflation has been around 5-6% this year which means your expenses won't get increased by 5-6%, I don't think it'll affect the budget of a lot of people but obviously people will reduce most of the portion from the investment or saving that they were making, I barely see anyone reducing expenditure merely due to inflation, I think one should always consider inflation whilst preparing their budget for this year as well as the next year. The main thing is to consider inflation when you are planning for your investments and calculating your ROIs too.

Unfortunately even if that is the average inflation at the same time not all markets suffered the same rate of inflation, some are more affected by it while others are less affected by it, if a person out of necessity uses a product or service that has suffered inflation higher than that and it is something that they actually need then the effect that this is going to have on their finances is not going to be small, and they are going to have to adjust their behavior to deal with this.

Average inflation means that the extremes are averaged out, no one can give a person-specific answer as expenses of each and every person are different, but an average person who does average expenditure which comprises of a mixture of various things will be affected by 5-10% only. Moreover, this is significant for most of the developed nations, on the other hand, most of the developing nations have this much inflation each year, for them, it's a very usual metric and generally, the pays in these countries are therefore adjusted each year for inflations. I don't understand why people like to create a big ruckus out of inflation. During covid, it's still understandable that it could be a concern for some, in a normal environment, the pays would increase alongside Inflation which means you don't face a lot of effect of Inflation.

Fortify

legendary

Activity: 2688

Merit: 1192

Quote from: Rruchi man on September 24, 2021, 12:22:00 PM

Inflation is really kicking in, the cost of things are getting really high in the market and its not even december yet, its effects are evident on the price of food stuffs, transportation, electricity bills, gas bills and others. How are you handling it and how has it affected your savings/your percentage for investing (if you have one)?

Have you had to cut down on your expenses so as to maintain the percentage of your income you allocate to savings & investing?, Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?

Fortunately inflation has yet to hit very hard in my country but you can tell it will happen eventually. Covid really managed to screw up a lot of supply chains and it is surprising that we've been able to go so long without inflation creeping up in most of the biggest countries around the world, even with all that panic buying that was happening at times. It looks like that buffer zone managed the last about a year, people started saving heavily during the pandemic and now everyone is starting to splurge a lot more. They're also going back to work which is putting a whole load more cars back on the road which comes with it's own set of problems - traffic jams to larger fuel consumption to pollution all kicking back in. When inflation really kicks in and interest rates on mortgages start to rocket, then we'll really see much bigger problems and a recession is likely at some point down the road.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: teosanru on September 24, 2021, 12:37:42 PM

Quote from: Rruchi man on September 24, 2021, 12:22:00 PM

Inflation is really kicking in, the cost of things are getting really high in the market and its not even december yet, its effects are evident on the price of food stuffs, transportation, electricity bills, gas bills and others. How are you handling it and how has it affected your savings/your percentage for investing (if you have one)?

Have you had to cut down on your expenses so as to maintain the percentage of your income you allocate to savings & investing?, Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?

The retail inflation has been around 5-6% this year which means your expenses won't get increased by 5-6%, I don't think it'll affect the budget of a lot of people but obviously people will reduce most of the portion from the investment or saving that they were making, I barely see anyone reducing expenditure merely due to inflation, I think one should always consider inflation whilst preparing their budget for this year as well as the next year. The main thing is to consider inflation when you are planning for your investments and calculating your ROIs too.

Unfortunately even if that is the average inflation at the same time not all markets suffered the same rate of inflation, some are more affected by it while others are less affected by it, if a person out of necessity uses a product or service that has suffered inflation higher than that and it is something that they actually need then the effect that this is going to have on their finances is not going to be small, and they are going to have to adjust their behavior to deal with this.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: Rruchi man on September 24, 2021, 12:22:00 PM

Have you had to cut down on your expenses so as to maintain the percentage of your income you allocate to savings & investing?, Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?

There are nothing in particular that you can do on this. You can save if you have left but you can't save when you have not taken food to your belle. If you don't enough with good diet, you are likely to have low immunity exposing your self to bacteria, virus and all kinds of infestion including covid-19. You can't cut down on expenses when you are already underpaid or not paid at all. Generally, life is now difficult across the land and inflation is not stopping anywhere.

Botnake

hero member

Activity: 2856

Merit: 667

Quote from: Anonylz on September 24, 2021, 02:49:04 PM

The inflation is really dipping a whole in the pocket as a result of high price, things are very costly and it is affecting income, the worst part is things get costlier almost on a daily basis, many people are really finding it difficult to sustain their families, things are not easy at all.

What do you expect? The inflation will never be controlled so expect that there will be more price increase in the days to come. And what saddened me is that i need to increase my budget for my daily needs so i can sustain what my family needs. When it comes to my investments, i think its just a sort of fund management so i can still diversify my investments as much as i want. But i admit, my savings were really affected with the high inflation so whatever profits that i have from my investments, i make sure that some of them will also go to my savings. In that way, i'm still prepared with whatever circumstances that may come.

Anonylz

hero member

Activity: 2562

Merit: 577

The inflation is really dipping a whole in the pocket as a result of high price, things are very costly and it is affecting income, the worst part is things get costlier almost on a daily basis, many people are really finding it difficult to sustain their families, things are not easy at all.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: Rruchi man on September 24, 2021, 12:22:00 PM

Inflation is really kicking in, the cost of things are getting really high in the market and its not even december yet, its effects are evident on the price of food stuffs, transportation, electricity bills, gas bills and others. How are you handling it and how has it affected your savings/your percentage for investing (if you have one)?

Have you had to cut down on your expenses so as to maintain the percentage of your income you allocate to savings & investing?, Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?

So far my income do able to sustain somehow this current condition on where it is really just understandable because we've been always put up on this condition where prices do rose up
even pandemic situation didnt really happen on the first place.This is the importance on having also some savings and emergency funds too on where you could able to survive
if ever you do have a hard time on compensating these increasing prices and also its always been important on looking for another source of income because you wouldnt
know on what comes next.Save up and diversify your investment should really be your main priority.

izsara

member

Activity: 924

Merit: 15

For now, inflation is indeed a problem that hit the economy in several countries, it can even be said that most countries in the world are experiencing this. and the impact is indeed already felt with a few price increases as you said in your thread.
but reducing expenses is also not a good option at this time considering the need will continue to exist.
maybe it would be better than reducing I think more frugality would be very helpful to at least reduce the perceived impact of inflation that continues to attack.
besides that we also have to look at our income and adjust it to what is happening at this time so that we can maximize and survive the inflation that occurs.

Topic: How has inflation affected your savings and investing? - page 5. (Read 566 times)