Topic: How prepared are you for Christmas inflation? (Read 60 times)
Even though Christmas is a festive period that is very significant in the life of Christians all over the world but i feel that we all can treat the Christmas season just like every other normal day instead of being under pressure of meeting up to buy things earlier due to inflation of the festive periods and all that. There is life after Christmas so people should not go above their budgets or involve in unnecessary expenses that will affect them during the new year because the problem most people have is their mentality and approach towards festive periods like this because they spend money extravagantly and even on frivolous things that leaves them struggling after the Christmas event. Live to your standard and don't try to get things you can't afford. Christmas will come and go, it is how you plan yourself that really matters and not about the Christmas celebrations.
This is October right? It's probably too early to talk about this untill the price of most things starts doing 5× of what we are getting it now and then everyone starts lamenting.
Even though the season hasn't started fully, petrol price is going up and inflation is already visible which are all pointer to the fact that once the yuletide rush adds to it, things might even worsen more than it currently his at the moment.
How then can we prepare for the Christmas inflation?
1. Buy basic foodstuffs on Time. take inventory of price of goods now and what the goods will cost towards the end of next month and you will discover that it has increased massively. If you have the resource and you're able to buy at the moment, you've saved yourself from the increase in price of goods that must come in few weeks time.
2. make good plans/ Budget for the season: we all know that the season comes with a lot ot events which might cause you to spend and sometimes spend above your budget. Adiquate plans and budgeting is very necessary so you don't allow seasonal demands eat up your long term investment funds and make you start up from fresh by next year.
3. Stack up some fiat for emergency: our naira scarcity during yuletide is always an issue so while we approach another season, it's best to set some fiat in place to avoid stories that touch.
It might look a bit early to start guiding yourself this yearly phase of inflation but the quicker you start preparing, the better you're positioned against whatever might come up.
This Christmas celebration I am not certain that many people will celebrate it when they do not have enough money to buy what and what they might need in that festival season. But we all keep our hopes in to God's hands. All the things you have said is what we should do earlier. However early time planning is always good, if we buy things now we won't buy them high in future. My wife went to the market yesterday and the market women were advising her to buy things now that they are cheap because during the festival season the price of goods will add up ×2 Even though the season hasn't started fully, petrol price is going up and inflation is already visible which are all pointer to the fact that once the yuletide rush adds to it, things might even worsen more than it currently his at the moment.
How then can we prepare for the Christmas inflation?
1. Buy basic foodstuffs on Time. take inventory of price of goods now and what the goods will cost towards the end of next month and you will discover that it has increased massively. If you have the resource and you're able to buy at the moment, you've saved yourself from the increase in price of goods that must come in few weeks time.
2. make good plans/ Budget for the season: we all know that the season comes with a lot ot events which might cause you to spend and sometimes spend above your budget. Adiquate plans and budgeting is very necessary so you don't allow seasonal demands eat up your long term investment funds and make you start up from fresh by next year.
3. Stack up some fiat for emergency: our naira scarcity during yuletide is always an issue so while we approach another season, it's best to set some fiat in place to avoid stories that touch.
It might look a bit early to start guiding yourself this yearly phase of inflation but the quicker you start preparing, the better you're positioned against whatever might come up.
This Christmas inflation is honestly a concern. Truly one has to make plan and budget or else it will lead to excessive spending. Regarding the buying of things in bulk beforehand, it's not everyone that can even afford to do that, some people just buy the little they can afford. I also feel for the business owners cause they will also be affected by the price inflation. Things like rice, Christmas tree, drinks, mayonnaise, cooking butter etc that are mostly used during the festive period will definitely double or triple in price.
This is October right? It's probably too early to talk about this untill the price of most things starts doing 5× of what we are getting it now and then everyone starts lamenting.
Even though the season hasn't started fully, petrol price is going up and inflation is already visible which are all pointer to the fact that once the yuletide rush adds to it, things might even worsen more than it currently his at the moment.
How then can we prepare for the Christmas inflation?
1. Buy basic foodstuffs on Time. take inventory of price of goods now and what the goods will cost towards the end of next month and you will discover that it has increased massively. If you have the resource and you're able to buy at the moment, you've saved yourself from the increase in price of goods that must come in few weeks time.
2. make good plans/ Budget for the season: we all know that the season comes with a lot ot events which might cause you to spend and sometimes spend above your budget. Adiquate plans and budgeting is very necessary so you don't allow seasonal demands eat up your long term investment funds and make you start up from fresh by next year.
3. Stack up some fiat for emergency: our naira scarcity during yuletide is always an issue so while we approach another season, it's best to set some fiat in place to avoid stories that touch.
It might look a bit early to start guiding yourself this yearly phase of inflation but the quicker you start preparing, the better you're positioned against whatever might come up.
Even though the season hasn't started fully, petrol price is going up and inflation is already visible which are all pointer to the fact that once the yuletide rush adds to it, things might even worsen more than it currently his at the moment.
How then can we prepare for the Christmas inflation?
1. Buy basic foodstuffs on Time. take inventory of price of goods now and what the goods will cost towards the end of next month and you will discover that it has increased massively. If you have the resource and you're able to buy at the moment, you've saved yourself from the increase in price of goods that must come in few weeks time.
2. make good plans/ Budget for the season: we all know that the season comes with a lot ot events which might cause you to spend and sometimes spend above your budget. Adiquate plans and budgeting is very necessary so you don't allow seasonal demands eat up your long term investment funds and make you start up from fresh by next year.
3. Stack up some fiat for emergency: our naira scarcity during yuletide is always an issue so while we approach another season, it's best to set some fiat in place to avoid stories that touch.
It might look a bit early to start guiding yourself this yearly phase of inflation but the quicker you start preparing, the better you're positioned against whatever might come up.
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