Topic: Inflation is making a mess of my savings. - page 8. (Read 1260 times)
Prices right now, like gasoline, are now cheaper than the previous month, but still, it is not back to its original price, and I am not sure it will, but still, it goes down, but other foods and other stuff are still the same, and they are not getting their price cut because the supplier is still the same. Inflation is less right now, as forecasted by the news, but still, we can't feel it the same way. This is mostly because merchants are still continuing to raise their prices.
Do you that it's because of inflation that makes some people to began to look a means of making investing their money because everyone is looking at the investment it can venture that will help to make it money capital or finance to be valuable, so I will say that should be one of the major reasons bitcoin investment and bitcoin price is appreciating from my perspective.
War or not, many countries are going through the inflation and we can see that the rift between the rich, middle and poor is widening daily.
Those who were classified as middle class now fall to the poor zone and the rich becomes either richer or falls to middle class. That's how it is.
That's why it is advised for one to improve on his skill base always, and get better knowledge of what puts food on the table and pays the bills.
In my country currently, according to the National Bureau of Statistics (NBS), inflation has risen to about >=22.79%. this is a 0.38% increase from what it used to be.
My say is you should do your best to save still and manage creatively inorder to meet up.
Those who were classified as middle class now fall to the poor zone and the rich becomes either richer or falls to middle class. That's how it is.
That's why it is advised for one to improve on his skill base always, and get better knowledge of what puts food on the table and pays the bills.
In my country currently, according to the National Bureau of Statistics (NBS), inflation has risen to about >=22.79%. this is a 0.38% increase from what it used to be.
My say is you should do your best to save still and manage creatively inorder to meet up.
Inflation, of course, makes many things chaotic, I also feel that inflation makes it more difficult to save, many people even sell assets or go into debt to make ends meet because of inflation, of course this makes us have to be ready and always look for many sources of income.
Inflation is a posion slowly killing society. Its worse than anything possible because wages gradually decrease, saving gradually decrease, companies start to not invest at all because inflation messes their supply chains as well, economy getting smaller bites workers back so some of them become unemployed etc. First ever thing to do, when someone enters investment league is to combat inflation and find options that will protect/secure your investments again inflation. If inflation is %5 your savings should be getting at least %5 in return etc. Hard task for average people.
I'm sure it's not the same in all countries around the world. I just googled about Germany and France:
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You can hardly comfort someone with this data, because even if this data is accurate (which I doubt) the actual data is far more negative and everyone who lives in those countries knows it. I compared the prices from last year with the prices this year because I keep my bills from everything I buy, and the price increases range from 20% to above 100% for some items.
Of course, the aggravating circumstance is that since the beginning of the year my country has joined the eurozone, and this has proven to be a catastrophic move combined with inflation. Those who have been or will go this year on holidays in the Adriatic Sea will feel it on their wallets.
...snip...
How are you guys pulling it through with this inflation?
How are you guys pulling it through with this inflation?
Instead of complaining and criticizing the government, I'm doing more work, finding ways to make more money, and I'm fine regardless of whether inflation continues to rise or fall. Life often doesn't turn out the way we want it to and we need to prepare for situations like this instead of criticizing others. The government or any law enforcement should be accountable to its citizens, but sometimes they can't do it all for us, and we need to find a way to save ourselves.
Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia, a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.
The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought has charged Prince without any reason.
How are you guys pulling it through with this inflation?
At present, inflation has brought a big disaster in the life of every people, some say it is due to Ukraine Russia war and some say it is due to Europe's gas supply, but the main issue is organized around the war of two countries. Due to the low supply of oil, the cost of transporting goods around the world has increased as well as the cost of production. However, due to the frequent increase in the price of oil, the price of goods has also been greatly affected, resulting in inflation. If the environment is not healthy at the international level, then inflation will increase further and people are likely to suffer more.A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia, a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.
The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought has charged Prince without any reason.
How are you guys pulling it through with this inflation?
Inflation is getting on the throat of the poor masses, accepted but what do you think it's the best solution to this? Something that's been happening before I was born, probably even you OP, I am no more focusing on high inflation, because it has become a norm for everyone in the world, I just focus on my source of income, it was how someone was complaining to me the other day about her transport fee down to her store have increased so much, I replied her that she should increase her services fee as well, if she is charging 70$ before and inflation is getting on her throat she should had extra 10$ or 15$, that will solve her transport fee and case closed.
If things are too costly and you are making less money, find a way to increase how much you make per month, if you are selling goods for a price before and inflation hitted so hard, increase your goods price, problem solved, you can't say you are making money and what you will spend the money on is too overpriced because of inflation.
If things are too costly and you are making less money, find a way to increase how much you make per month, if you are selling goods for a price before and inflation hitted so hard, increase your goods price, problem solved, you can't say you are making money and what you will spend the money on is too overpriced because of inflation.
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The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.
I'm sure it's not the same in all countries around the world. I just googled about Germany and France:
Source: statbureau.org/
See? The situation isn't that bad as in your case. Where do you live? Maybe, as it is always happens in countries with corrupt governments, they blame everything, weather, global crisis, USA, "the West", anything but themselves, while they are just exploiting you and stealing your money? Think of it, man.
I agree with you that inflation is eroding savings. The main cause of this inflation is due to the decrease in the value of money. It's like you said a war between Russia and Ukraine. Because I think it will. Due to this,the cost has also increased. If you go to buy something in the market now,you will not get anything in the budget that you will take with you. The prices of some things have increased in a way that common people like us could not even imagine. Earlier an item was available for 10$ but now it is 15$. Now I can't make the $5 I would have saved by doing this. Due to inflation,the government is not able to support itself. What will the consumer law do where a shopkeeper himself buys goods at a higher price but does not sell them at a higher price? He must make a profit. But there must be a limit to the profit.
~snip~
How are you guys pulling it through with this inflation?
How are you guys pulling it through with this inflation?
As with all other challenges that arise in front of you, and that means that you have to find a way to overcome them or adapt to them. The fact is that ordinary people are unfortunately left to fend for themselves, and that means that you have to find some extra source of income and you have to change your lifestyle.
Replace more expensive products with cheaper ones, reduce all unnecessary expenses (cinema, restaurants, expensive clothes...) use public transport or bicycle more and if you have some money left at the end of the month try to invest it wisely. Of course, all this is not easy and you will not see the results overnight, but if you want to stay on the surface you have to swim with all your strength or you will sink sooner or later.
Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia, a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.
The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought has charged Prince without any reason.
How are you guys pulling it through with this inflation?
Inflation is primarily associated with the non-ideality of the current economic system and the reasons for its occurrence are not at all connected with any events on the world map. If it is possible to create money out of thin air, in the form of loans, then inflation will be a side effect. In fact, inflation is embedded in this economic model, which means that in the current realities it is impossible to get rid of it. It can be managed and regulated, which financial institutions like IMF AND WORLD BANK or Central Banks usually try to do, but the results are not always effective. It is in the rise in the price of goods and services that inflation is expressed. Consumer protection laws are powerless here and it is naive to appeal to this. If you store value in paper money, then inflation will no doubt gobble it up. Bitcoin, which was created for this, can help to cope. A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia, a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.
The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought has charged Prince without any reason.
How are you guys pulling it through with this inflation?
I don't care what a long-dead rapper said:
Now tell me, how do you explain those headlines from this past Thursday? Is the US government lying? Is the media lying?
Someone living in the States is at the best position to say what is happening in the States. You acknowledged that the inflation was much sometimes ago but now everything seems to be under control. That is a welcome development. Now tell me, how do you explain those headlines from this past Thursday? Is the US government lying? Is the media lying?
In my country Nigeria, if the government makes effort to fix one part of the economy, the other part will be affected. It seems we are just wandering.
But then I do not believe everything I see on the media. The government works close with the media to filter and sensor the information that will be given the public. I have seen it in most times where the media is saying one thing and another is happening in the real life.
Since the Covid-19 till now,inflation has become a big problem. There is nothing that the government can do to stop inflation because they will keep on printing more fiat currency thinking that it will be a solution to reduce inflation but blindly to them that it will worsen the level of inflation. This means that it is only you that can help yourself to balance up with the situation by increasing the source of your income. Invest in bitcoin because it is a store of value and also an investment so that you will not affected by inflation that much. If you don't provide an alternative means for yourself to survive,one might end up in poverty. The ongoing war is a big problem to the entire world,which has caused inflation.
During periods of high inflation, its best not to keep all your money in a savings account. Sure your bank will pay you some yield but in reality, if you get 5% from the bank, the real inflation will be more like 10% and you will lose your buying power.
What is scary is that say they raise rates high enough to cause deflation. If it starts a recession then its not good because they will print more money to stimulate the economy and double digit inflation will be back. You need assets like stocks, real estate or... bitcoin.
What is scary is that say they raise rates high enough to cause deflation. If it starts a recession then its not good because they will print more money to stimulate the economy and double digit inflation will be back. You need assets like stocks, real estate or... bitcoin.
Investing in sectors like stock or real estate will be beneficial only if you have some prior knowledge and experience of such investment. If you are hit with inflation and you invest all your capital in a sector of which you have limited or no knowledge then chances are that you wont be beneficial.
Like there are instances in bitcoin, people come up with huge capital with no knowledge of how to handle crypto market and they end up cursing Bitcoin. Its best not to keep your savings in cash during high inflation period but wisely investing them is another challenge.
Inflation really is a mess that’s ravaging a lot of financial security right now. Even though it’s not as hard as it was during the pandemic, it’s still something that’s still a pain to a lot of us. A lot of poor financial movements and planning from the governments really messed up a lot of the balance of things in the world. Unfortunately though, they wouldn’t take accountability to a lot of their actions and would rather pass the burden to us citizens than to admit that they did an oopsie. Wages aren’t improving, prices are still soaring, and none of us are really getting our quality of lives improved.
Governments do not hold themselves accountable for inflation. Their interventions in the market increase inflation even more. An unplanned business is unlikely to be successful. Most governments left their people alone in the face of inflation. Prices are constantly increasing, but salaries remain very low. I know this is a process, but they do not do anything concrete to prevent this negative process from prolonging.
Inflation is a "natural, natural" process in the world of money.
Therefore, there are not many options:
1. Accept it and live with it. That's what most people do
2. Migrate inflation-prone money into less inflationary products - e.g. gold, real estate.
3. invest the surplus money! But this is the most difficult way. It requires knowledge, experience, and the ability to assess risks correctly.
All other options will be variations of the three points listed above
Therefore, there are not many options:
1. Accept it and live with it. That's what most people do
2. Migrate inflation-prone money into less inflationary products - e.g. gold, real estate.
3. invest the surplus money! But this is the most difficult way. It requires knowledge, experience, and the ability to assess risks correctly.
All other options will be variations of the three points listed above
You should exchange the money you have for precious metals or gold whose value is relatively more stable, or exchange your money for assets whose value is not eroded by inflation, instead tends to increase, such as buying land, property or antiques.
You can also convert them to bitcoins, as bitcoins can hedge against inflation and devalue fiat currencies in the long run.
so it's better if you don't keep all your money in savings, and use it as needed, inflation has been felt by everyone so be wise in managing money and prioritize investments that you think are good for you and you understand.
You can also convert them to bitcoins, as bitcoins can hedge against inflation and devalue fiat currencies in the long run.
so it's better if you don't keep all your money in savings, and use it as needed, inflation has been felt by everyone so be wise in managing money and prioritize investments that you think are good for you and you understand.
Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia, a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.
The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought has charged Prince without any reason.
How are you guys pulling it through with this inflation?
the reasons are very clear it is mainly due to the covid lockdowns which seized the circulation of money in the economies then it later boosted by pumping freshly printed money all over the world then later Russia and Ukraine war fueled it further and the economic crisis felt all over the world. A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia, a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.
The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought has charged Prince without any reason.
How are you guys pulling it through with this inflation?
Also FED adjusted the interested rate so all the central banks adjusted it accordingly which distressed the actual earning potential and forced to make more money than before due to loss of purchasing power contradict the unemployment hit peaks including mass lay offs from big tech companies including Google, Facebook, Twitter, Microsoft, etc.
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