how to overcome inflation for the community - page 3.

Swordsoffreedom

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Quote from: GigaBit on June 04, 2023, 07:48:22 PM

Quote from: bayudndy on June 02, 2023, 01:53:28 PM

Even though high inflation is still complicated for me, it doesn't change the fact that you still have to live with it no matter what. So try to take a look at yourself to review and change your habits to suit your financial situation. That helps us focus on more essential needs and get rid of unnecessary luxuries. In addition, although money in inflation is really important, it is also important to pay attention to health because, as people often say, "if you have health, then you've got everything'. Therefore, pay more attention to your own health.

Until the war between Russia and Ukraine is over, it will be difficult to avoid inflation. Because as long as the production is not in accordance with the demand then the development of this situation will not be possible. At present the rate of inflation has increased at a great level. Due to this inflation, people's lives are almost disrupted. The amount of money that people are depositing in banks is losing value due to inflation. In such a situation, if you are thinking of keeping value with money, then there is no alternative to investing. Those who invest will continue to earn returns on their money at the same rate as inflation.

Inflation is not caused by the war between Russia and Ukraine, inflation is part of the world economy, and it has its cycles. War only exacerbates inflation, so even if the war ends, inflation will still hit us. But I agree with you, saving will not get us out of inflation, the only way to fight inflation is to increase wealth, and investment can solve that problem for us. But investment is risky, so we need to be careful in choosing assets to invest in, otherwise, we will suffer serious losses. Gold and real estate should be preferred assets as they are safe, stable, and highly volatile bitcoin can be highly profitable but should be considered for its risks.

Youngkhngdiddy

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Quote from: Tallupooh on January 21, 2023, 02:19:24 AM

how to deal with inflation according to my community:

1. Save money
2. Prepare for an emergency
3. Looking for additional income
4. Consumption of domestic products
5. Start investing and saving

that is the way in my opinion to overcome inflation in society. then what do you think? Is this way possible to overcome inflation?

All these are important ways of handling inflation but I'll rather save in gold or stake in crypto currency rather than saving in a fiat currency controlled by the government.
You don't have to lay all your eggs in one basket so it's necessary to aquire more skills to increase the supply of income.
Spending wisely, by cutting cost on demands, making a budget and spending accordingly to the budget.

GigaBit

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Quote from: bayudndy on June 02, 2023, 01:53:28 PM

Even though high inflation is still complicated for me, it doesn't change the fact that you still have to live with it no matter what. So try to take a look at yourself to review and change your habits to suit your financial situation. That helps us focus on more essential needs and get rid of unnecessary luxuries. In addition, although money in inflation is really important, it is also important to pay attention to health because, as people often say, "if you have health, then you've got everything'. Therefore, pay more attention to your own health.

Until the war between Russia and Ukraine is over, it will be difficult to avoid inflation. Because as long as the production is not in accordance with the demand then the development of this situation will not be possible. At present the rate of inflation has increased at a great level. Due to this inflation, people's lives are almost disrupted. The amount of money that people are depositing in banks is losing value due to inflation. In such a situation, if you are thinking of keeping value with money, then there is no alternative to investing. Those who invest will continue to earn returns on their money at the same rate as inflation.

Theones

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Quote from: Joshapat on June 04, 2023, 12:48:46 AM

Inflation is something that is difficult to prevent because there are too many factors that cause inflation, for example food inflation, this is because the costs for farming, from land preparation to harvesting, continue to increase so that farmers sell at adjusted prices, which we do to survive when inflation is actively seeking sources of income. .

over coming inflation is not possible at this time - try to save as much money as you could on grocery stores. plan you vacations a head of time to get discounts - keep you plan sceret so that you dont mess at the lasy stage.

Joshapat

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Inflation is something that is difficult to prevent because there are too many factors that cause inflation, for example food inflation, this is because the costs for farming, from land preparation to harvesting, continue to increase so that farmers sell at adjusted prices, which we do to survive when inflation is actively seeking sources of income. .

SirLancelot

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Quote from: umbara ardian on May 31, 2023, 02:03:46 PM

At the present time, instead of complaining about the problems and inflation that they are causing, we should focus on other things to better improve our lives. Inflation is something that no one wants to happen to their country, but when it does appear, at least accept it, so don't have a too negative view of this issue. Instead, focus and try to find some extra work to improve your salary. In addition, this is also an opportunity for you to improve your spending and time management skills when the cost of materials increases.

Your point is understandable but it cannot be applied to everyone. In an economy, there are also people who can barely earn a minimum wage and they mostly struggle to feed their family twice a day, for such people, it is not possible to find more work or earn extra money when the country faces extreme inflation, mostly because such people are not educated nor have any access to technology or other ways one can use to learn skills and earn more money.

For such people, it is not possible to just ignore the increasing inflation and focus on creating extra income sources due to a lack of resources, and these are the people who suffer the most when there is an economic crisis and extreme inflation within a country.

romero121

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Inflation have hit hard throughout the world. In particular we were able to see the impact much on European countries. In the past the economic difficulty faced by the people never gets revealed to the outer world. Now it have come to the light, and European Country people have begun to move to the nearby countries for purchase of day to day needs to stay good with what they earn.

Unemployment and contract based jobs were ruining the lifeline of common people who depend on salary for their living. The gas price is another thing that have made them get into fear. In each and every side the financial problems were neck tight and it takes years for the situation to get better. Until then getting adopted to the situation and making ways to earn better is the right choice.

puloweh555

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Quote from: Republikcoin.com on June 02, 2023, 12:57:38 PM

Quote from: umbara ardian on May 31, 2023, 02:03:46 PM

At the present time, instead of complaining about the problems and inflation that they are causing, we should focus on other things to better improve our lives. Inflation is something that no one wants to happen to their country, but when it does appear, at least accept it, so don't have a too negative view of this issue. Instead, focus and try to find some extra work to improve your salary. In addition, this is also an opportunity for you to improve your spending and time management skills when the cost of materials increases.

Don't just accept it when inflation starts to occur in our own country, but there must be other efforts to eradicate it through the things you mentioned. Even though it is not easy to eradicate inflation when it occurs, by looking for additional jobs at least it can lighten everyone's burden when facing inflation. Apart from that, the consideration of spending to be more economical is also a good solution and you can also love your own domestic products more so that inflation can be handled properly over time.

Yes, I agree with what was said. How to deal with Inflation, don't surrender to the situation, but we must be good at reading the situation and quickly take opportunities so that we can benefit when inflation comes. For example, there is a businessman in China who became rich during Covid because he invested in vaccines. there are others who do online business to become rich young people in general because they take advantage of technological developments like now. If we are futures traders and foreign stocks, we must follow foreign geopolitical developments so that we can get maximum profit in every transaction. The key word is to make inflation an opportunity.

Bitstar_coin

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Quote from: bayudndy on June 02, 2023, 01:53:28 PM

Even though high inflation is still complicated for me, it doesn't change the fact that you still have to live with it no matter what. So try to take a look at yourself to review and change your habits to suit your financial situation. That helps us focus on more essential needs and get rid of unnecessary luxuries. In addition, although money in inflation is really important, it is also important to pay attention to health because, as people often say, "if you have health, then you've got everything'. Therefore, pay more attention to your own health.

Yeah because this inflation situation does not affect only few countries, I think it is globally which means there is no country that is exceptional, perhaps some experience a greater impact that others.
Since the government can not find an immediate solution to the inflation problem, then we can only learn to leave with it.

bayudndy

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Even though high inflation is still complicated for me, it doesn't change the fact that you still have to live with it no matter what. So try to take a look at yourself to review and change your habits to suit your financial situation. That helps us focus on more essential needs and get rid of unnecessary luxuries. In addition, although money in inflation is really important, it is also important to pay attention to health because, as people often say, "if you have health, then you've got everything'. Therefore, pay more attention to your own health.

Iroh

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Quote from: Tallupooh on January 21, 2023, 02:19:24 AM

how to deal with inflation according to my community:

1. Save money
2. Prepare for an emergency
3. Looking for additional income
4. Consumption of domestic products
5. Start investing and saving

Picture putting your money in the bank, perhaps in a fixed deposit account with the aim of saving for the long term(let’s say two years) The bank takes your money and does business with it; borrowing to individuals with in some cases, an extremely ridiculous interest rate.
After the two years is up, the bank gives you back your money with some interest which makes it peanuts when compared how much the bank made with your money in their custody.

Goods and services have risen over the period of two years. Your money in the bank might have increased slightly but the prices of goods and services would have risen exponentially leaving you with less purchasing power.

I think you could start saving and invest also. Investing your money could give you some good returns which would help lesson the brunt of inflation in the long run.

Republikcoin.com

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Quote from: umbara ardian on May 31, 2023, 02:03:46 PM

At the present time, instead of complaining about the problems and inflation that they are causing, we should focus on other things to better improve our lives. Inflation is something that no one wants to happen to their country, but when it does appear, at least accept it, so don't have a too negative view of this issue. Instead, focus and try to find some extra work to improve your salary. In addition, this is also an opportunity for you to improve your spending and time management skills when the cost of materials increases.

Don't just accept it when inflation starts to occur in our own country, but there must be other efforts to eradicate it through the things you mentioned. Even though it is not easy to eradicate inflation when it occurs, by looking for additional jobs at least it can lighten everyone's burden when facing inflation. Apart from that, the consideration of spending to be more economical is also a good solution and you can also love your own domestic products more so that inflation can be handled properly over time.

jaberwock

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Quote from: Semar Mesem on May 28, 2023, 07:54:51 PM

Never think that inflation will end, countries that use paper money and are not based on gold and silver will continue to experience inflation, for us the best thing to avoid inflation is to find a source of income, if we have a lot of money in the bank then it's time for us to use it for business so the money will grow.

True, it does not end but not all times it is in higher rates. Sometimes we can also experience a relief. That is because the governments are also doing their best to help. I think we normal individuals can also do something to help our situation. We can follow some tips given on this thread or search the same thing on Google for more tips.

Gold and Silver are an asset now but I think before, it was the medium used by the people to acquire other things. Maybe inflation is still not a thing before but people needs to modernize it. Paper money are still much more convenient to use than them. Storing money in banks does not help so yeah, we must learn to use them on something which can help us earn more like building a business.

umbara ardian

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At the present time, instead of complaining about the problems and inflation that they are causing, we should focus on other things to better improve our lives. Inflation is something that no one wants to happen to their country, but when it does appear, at least accept it, so don't have a too negative view of this issue. Instead, focus and try to find some extra work to improve your salary. In addition, this is also an opportunity for you to improve your spending and time management skills when the cost of materials increases.

Theones

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Quote from: Unbunplease on May 31, 2023, 12:50:52 PM

Quote from: Mario Yamasaki on May 30, 2023, 08:49:33 AM

In my opinion, the best and most effective way to deal with inflation is to reduce consumption and unnecessary spending. Many people buy vegetables, fruit or meat and then store them in the refrigerator, and many vegetables or meat are thrown away because they are no longer suitable for consumption when stored in the refrigerator. The best thing is to buy vegetables or fruit and if you have a plan to cook.

In this case, you can just buy ready-made deep-frozen foods. It's quite effective. That's what I do. And they cook pretty good now. And you have to eat less

)) But otherwise, I agree with you. Just need to prohibit yourself from buying something that is likely to come in handy once or twice in your life.

Inflation is not going to end and the only way to get rid of it to earn as much as you could this will help you alot
rather than making complaint all the time the best apporach is make more money.

Unbunplease

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Quote from: Mario Yamasaki on May 30, 2023, 08:49:33 AM

In my opinion, the best and most effective way to deal with inflation is to reduce consumption and unnecessary spending. Many people buy vegetables, fruit or meat and then store them in the refrigerator, and many vegetables or meat are thrown away because they are no longer suitable for consumption when stored in the refrigerator. The best thing is to buy vegetables or fruit and if you have a plan to cook.

In this case, you can just buy ready-made deep-frozen foods. It's quite effective. That's what I do. And they cook pretty good now. And you have to eat less

)) But otherwise, I agree with you. Just need to prohibit yourself from buying something that is likely to come in handy once or twice in your life.

wajik-tempe

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Quote from: Kadal Ijo on May 29, 2023, 10:01:21 PM

I think inflation that occurs is something we have to pay attention to, many people are poor because of inflation so anticipating inflation is a smart move, and I think the best thing when we want to overcome inflation is to increase our income so that we have financial security.

I believe that inflation may be harmful to individuals, especially those with modest financial resources. Anticipating and tackling inflation is a wise strategy for financial stability. While raising income is an important part of controlling inflation, other elements that might help to financial stability must also be considered. Inflation can cause growing living costs, making efficient budgeting and spending management essential. Developing a realistic budget that accounts for necessary costs, savings, and investments can assist individuals in staying on track and adjusting their spending patterns in reaction to inflation.

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Quote from: avp2306 on May 31, 2023, 05:08:59 AM

This is long time problem in a country which government cannot be solve but they can do something so that their citizens cannot feel those things heavily. But sometimes the government in some part of the country is the main cause on why the inflation rise up since corruption is so rampant there. Maybe the least thing people can do with this situation is to find multiple income stream so that they may have more money to use upon buying their basic needs.

It is important for the government to take appropriate action regarding this issue, maintaining price stability so that inflation is not excessive, because if it occurs it will have a very negative impact on the economy and people's lives. Government actions that loosen monetary policy such as lowering interest rates at banks can encourage credit growth and increase the money supply. If the increase in the money supply is not matched by comparable economic growth, inflation will occur. The government has an obligation to always be careful in making decisions, therefore it is important for the government to pay attention to price stability in making economic decisions. Saving money, saving money, looking for additional income and starting to consume domestic products is one of the ways for people to survive in the midst of ongoing inflation.

avp2306

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Quote from: naira on May 30, 2023, 09:16:30 AM

Quote from: Wildwest on May 30, 2023, 08:46:02 AM

With the current state of emonomy, of course, people are already difficult to deal with inflation that occurs, because very many people are difficult to find work so that their lives will be more difficult, if our income is less then it will not be possible to save because daily needs alone are so difficult, but for those of us who already have a stable income, overcoming inflation is very suitable as you have explained, And most importantly, investing and saving is something we must do to deal with inflation in the future.

To be honest, people cannot avoid inflation, because the problem of inflation is a problem for the government, which adopted fiat from the start. The role of the community is only to accept every policy and when the impact of inflation swells, it is the community who first feels it. The way to minimize inflation for the people is to always have a supply of food sources, clothing staples, drinks, and farming. This means they are not dependent on the instant goods they can get. Therefore the management of natural resources is the main thing when the economic crisis hits.

This is long time problem in a country which government cannot be solve but they can do something so that their citizens cannot feel those things heavily. But sometimes the government in some part of the country is the main cause on why the inflation rise up since corruption is so rampant there. Maybe the least thing people can do with this situation is to find multiple income stream so that they may have more money to use upon buying their basic needs.

naira

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Quote from: Wildwest on May 30, 2023, 08:46:02 AM

With the current state of emonomy, of course, people are already difficult to deal with inflation that occurs, because very many people are difficult to find work so that their lives will be more difficult, if our income is less then it will not be possible to save because daily needs alone are so difficult, but for those of us who already have a stable income, overcoming inflation is very suitable as you have explained, And most importantly, investing and saving is something we must do to deal with inflation in the future.

To be honest, people cannot avoid inflation, because the problem of inflation is a problem for the government, which adopted fiat from the start. The role of the community is only to accept every policy and when the impact of inflation swells, it is the community who first feels it. The way to minimize inflation for the people is to always have a supply of food sources, clothing staples, drinks, and farming. This means they are not dependent on the instant goods they can get. Therefore the management of natural resources is the main thing when the economic crisis hits.

Topic: how to overcome inflation for the community - page 3. (Read 1016 times)