Cutting expenses can work only for people who are earning enough but are overspending, but most people in bad economic situations are those who don't earn enough to be able to survive when inflation rises to extreme heights. You can't cut costs when you are already saving money on food by eating twice or sometimes once a day. That is how some people live in such economic situations.
We think we are the ones who are affected badly by inflation but we are not. We are simply wasting a lot of money on useless things without even realizing it, but if you look around you, some people sleep on the roads and barely eat food for the whole day. They don't have homes, jobs, or anything. Imagine asking for help the whole day and getting a few bucks and then not being able to get a whole meal because of high rates of food and stuff.
So, inflation affects everyone, but only some people can have a solution for it and many wouldn't even have those solutions available for them.
Topic: how to survive inflation and economy hardship - page 7. (Read 1115 times)
Side hustle can always help, can even evolve into your main job.
You life work balance will suffer. But that balance won't feed you.
You life work balance will suffer. But that balance won't feed you.
Sometimes looking towards increment in salary wouldn't solve our problems.Over the years there has been hardship in the economy all over the world, and people complain on how to increase there salary or have other alternatives of getting more funds, and even when they get what they desire, they still complain that since their source of income has increased, there expenses has also increased. But I think that people needs to control the way they spend, in other to be able to save more. If paraventure we decided to spend according to how we earn without reducing the level of spending, we may end up not being productive.
For me cutting down expenses would be another way of adding value to our money. Like cutting down the rate we eat, for those that spend alot on food, you can do better without over eating. the way we buy unnecessary items that has no value, when we have other useful things to do with money. So lets focus on the top priorities, expecially things that will bring more Money.
What do you guys think about this? Would this be helpful? And what do you think will help us in this time of economic hardship?
Am sorry I have to change the topic of discussion from how to reduce inflation to how to survive inflation and economic hardship sudjested by sokani.
For me cutting down expenses would be another way of adding value to our money. Like cutting down the rate we eat, for those that spend alot on food, you can do better without over eating. the way we buy unnecessary items that has no value, when we have other useful things to do with money. So lets focus on the top priorities, expecially things that will bring more Money.
What do you guys think about this? Would this be helpful? And what do you think will help us in this time of economic hardship?
Am sorry I have to change the topic of discussion from how to reduce inflation to how to survive inflation and economic hardship sudjested by sokani.
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