Topic: How to save as food inflation jumps more than 11% in a year - page 3. (Read 928 times)

I know that it's not going to be so simple for anyone, but it is clear that we are going to end up with something special for ourselves when we are picking investment. Gold over property, or property over gold, or crypto over all (like me lol) whatever it is, as long as it is good for you, investment of all kinds would be good as long as it is not really a bad thing.

There are bad investments too of course, it's not impossible to lose money, in fact it's good as to lose money which is why you should invest carefully, but it is not about "how" you invest, it's about what you invest into. Like if you are buying an estate, you could buy a rundown horrible one for overpriced value, or you could buy a great one undervalued.

People are even struggling to purchase the necessary groceries due to the increasing living costs. Thus, for most, saving or investing is out of the question. Even though investments are a great way of tackling inflation numbers, their yield usually takes time and doesn't have the immediate effect you want during a period of recession.

I've been unable to save as much as I used to due to everything being so expensive nowadays. Even though I've cut most expenses in half, the money being put aside is significantly less compared to last year. I would like to invest in Bitcoin, but I'm on a budget and wouldn't like to take risks.

Each user has a different way of managing their finances regardless of whether it is viewed as good or bad by other users. I like investing in gold over property, it has been an investment asset option that I have considered for a long time. Savings is only for emergencies because actually I don't really ignore this centralized system of fiat.

I know inflation has drained a lot of its value, it's too bad. However, I have not been able to get rid of the dependence on using fiat in my daily life. The situation will improve, the economy will return to normal and I believe inflation will decrease at the individual and national level when we know how to manage spending well.

In a condition of worsening economic crisis. and when inflation is rising. I think for some people it must be difficult to save their finances. even the allotment of saving is reduced or even unable to save at all.

but I think an alternative way is always there.
if you are more observant in paying attention to market prices, especially in food prices. then you will find a price gap that is in the market and the price sold from farmers directly. then there is also the gap between instant food and raw food that needs to be processed.

This is where we need to make changes in our habits of life. especially in terms of shopping for our daily food needs.

if you usually buy instant food which is relatively more expensive. can be 2x-3x the original price of the food before processing. then reduce or stop buying instant or ready-to-eat foods. and make it a habit to buy raw materials that need to be processed yourself. in the markets actually a lot of raw food sold. which is relatively cheaper. and if you have an acquaintance of a farmer. then buying from farmers directly for stock will be much better. because you will save more money. although indeed in its processing you need a little hard work. but that way you can still save and save money when inflation is rising today.

I found the fact that even though the price of fertilizer was getting higher, the selling price of food from farmers did not experience a higher increase.

and if you know the fact that the price of food in the market is 3x the price of the direct farmer.

there are still many ways to save money in this time of inflation if we want to find an alternative way. Moving to the countryside is also a very good thing. because the price there is much cheaper in terms of food because it is directly from farmers. we can also grow crops there. and we are also easy to find firewood. when gas reserves run out. so we can also save energy.

but you are not spending if you are only doing window shopping, right?  anyway, if you want to cut down your expenses, you need to observe your daily activities and where you are spending your money. assess if it is necessary to buy or not. as you said, stop eating junk, you can always prepare your own food at home and not order outside. if you will think about it, you can only cut your expenses if you know where your money is going to.

The rate of inflation is very high and worsens day after day. Before you could use your savings, the purchasing power of your savings would go way below expectations. I have decided not to save anymore. Even emergence savings I will not have.
I will use my money to be buying bitcoin and then buy properties, when there is an emergency need, I'll sell one of my properties and take care of the emergency. The  way the economy and economics is going, I can say that the future is absolutely very unpredictable .

I don't know how to manage my finances in the best way during this inflation other than being frugal not to spend too much money on things that are not urgent. Inflation has messed up a lot of my investment plans so far, but I'm trying to stay focused on that plan even though it's actually a bit inconsistent.

10% of my total income can still be saved for savings, sometimes I can't do it consistently every month but I can accumulate it the next month for 20%. This strategy may vary from person to person, but so far I haven't had too many problems.

The problem is that when you are living in a country which is suffering from high inflation a lot of people will try to increase their income as well in order to combat that inflation, and with jobs hard to come by due to the high inflation conditions people are going through this creates a scenario in which there is a lot of demand for jobs but very few jobs are available, so what follows is a race to the bottom in which employers can offer less money to their potential employees, and no matter how bad the working conditions get there will always be someone willing to take them.

I agree with the point, increasing of income will be best choice to tackle the inflation rate but if we wre talking about everyone living in a country or State then we have to suggest the best possible ways. Buying groceries bulk can reduce the cost 10 to 15% but we need money to buy them at first.

Many of us forget why every prices are getting higher is due to the increase of fuel price so if government is ready to lose some of their tax revenue from oil and gas then prices of every goods can be under the limit for a while.

Healthy food is always more expensive when compared to fast food. And that is why fast food consumption goes up whenever there is an economic downturn. Here in India, I can get a chicken-cheese burger for less than $1. But full meals (with boiled rice or bread) will cost at least twice that much. Even salads, cereal bars and cut fruits cost here more than a burger. If you are capable of cooking at home, then it maybe a different scenario. But then again, cooking gas prices are increasing.

This happens because the price of basic commodities continues to increase and it is beyond our control.
in the midst of current conditions where the global economy is not doing well, of course this makes it difficult,
increasing income is also not that easy and indeed we need to work harder

I don't think buying food and stocking is a good idea if that's what you mean, the best way around this is to live below your means and add some other cash flows.

I agree with this. It can be not an easy task to increase your income, but cutting back your expenses is always possible. If food costs have increased by 11%, you should start buying less food. And not much less, but just 11% less. It's possible that you will feel healthier even after eating less, right? ... Well, I know it's not that simple, especially for people living in the poorest countries in the world, they were already eating less than they should, but for those living in rich Western countries eating less can be a good thing.

The most common inflation is food inflation, if it occurs with inflation in electronic, automotive or other products, this is not too problematic, but if what happens is food inflation it will be difficult to control and of course there is nothing we can do, maybe Just focus on increasing income.

Food shouldn't have been like this, I understand other stuff, do not be able to buy a car easily, buy a house, buy a new playstation, buy a new phone, whatever that is deemed luxury to be fair, whatever is not needed for you to continue your living, but food is literally the bare bottom what we need, it is even more important than shelter, you could be a homeless person and still would need money.

This is why I personally feel like the best thing we could do is invest into food industry by governments, our taxes would be going into building a lot more farms and a lot more stuff, I personally would be fine with it, it allows me buy food cheaper, so the tax I lose, gained as cheaper food prices.

I know fasting is good for heath but I'm unsure which experts said that it's bad for heath, it's you accepted that you don't know much about nutrition and endocrinology.


Indeed, research shows that eating heathy meal including veggies are good nutritionwise compared to only eating junk food like burger, parties, etc.


Increasing income can be a hard option for those who're not very good at the skill they get paid for unless it's otherwise I wouldn't mind agreeing to your point.

That's good in addition to health it can also reduce expenses and of course this is a good thing,
switch to a cheaper product i think it needs to be done,
Actually there are many ways not to be wasteful in spending

It is quite sad that people have to adjust their budget even with food, which is essential to human beings. This is simply how bad the situation we are or most of the people are experiencing. But to be back to the topic, Avoiding fast food chains on a regular basis would be really helpful in saving, it would be much better to cook at home. But still, if the prices of the raw ingredients are also affected, savings won't be enough to cope up with expenses, counrry leaders should really move to aid the situation for real.

Price rises are hurting everyone everywhere in the world. The whole of South Asia, for instance, is struggling with inflation. In the US, inflation with food prices jumping is the biggest one-year increase since 1979. The rising cost of food forces tough choices. The problem of food insecurity faces most of the countries.  It's happening due to a combination of domestic and international factors. Inflation is out of your hands, so only our personal actions make things better and save household income. Budgeting and financial discipline will save us these days.

My first priority was to give up fast food consumption and the habit of eating in special places such as restaurants. In addition, I follow the discount days for grocery shopping. Also, I've reintroduced old methods such as canning into my plans. I can't do anything more. What I can do about it is limited because after all, I cannot go hungry. :)

We can somehow overcome the energy crisis by making more effort and avoiding a little extravagance, but there is nothing we can do about issues like climate change. The energy crisis should remind us of the issue of climate change and enable us to take action against it now because global crises are creating problems beyond predictable events.