Topic: My survival strategies in this harsh economic conditions - page 2. (Read 701 times)

Homeschooling is a very good idea - but it's difficult at the same time. A person like me would not be consistent to do it for a longer period of time.
But having said that I have seen a lot of mother who are doing this to better educate their kids and save some buck as well. This is very much in demand as well.

but not everyone wants to do that or have the time to do it, because maybe for some reason it is difficult for some people, maybe there are other options.

Lots of problem we are facing these days. People are cutting most of the purchases.
many economist concluded that in coming time things will be more difficult. So we have to brace ourselves for the harsh time.

Thank you very much for your formation what we are facing now in economics crisis an inflation is getting out of hand in the global world,how to survive the economic situation is now a global problems some are having mental depression on how to survive there living
to survive our daily living is now a big problems couple with the current situation of currency scarcity, in my country where POS operators will share ur little money with u 5000 to 2000 u as the owner ur money is 3000 when you  have a proper management with ur family is all about good family planing just as the OP said reducing our cost of living is very very important, then knowing where to buy food items in affordable price and store them very well too is important,involving in one or two types of business in other to generate our daily income rate is a very important one too investing in bitcoin an real estate is a very important one too, but talking about homeschooling is not advisable because at home they are not meeting with their school mate's where they have more interactions with other children's out their in the school.

Homeschooling seems to be the only part that is a bad decision. There is a reason why schools exists and it is not just to teach kids and educate them, it is also there for socializing, kids who grow up with at least 20+R other kids would grow up to be a bit more normal socially, sure there are some weird grown ups who grew up with other kids, being bullied and so forth could have dire impacts in adulthood, but that is not for every kid, that's a small portion, whereas most people turn out to be regular normal people.

Hence, I can't support that, send to a public school if you want to but send you kids somewhere without a doubt, there is no way they should be homeschooled.

OP's strategies are not only suitable for difficult economic circumstances but also can apply to everyone's life in general. It's about a manageable lifestyle. I'd also appreciate OP's courage to do so except the homeschooling thing. You see, from the perspective of saving money, homeschooling is an option, a very reasonable option actually. However, the purpose of education is not to survive but improve ourselves, physically and spiritually. Children are meant to play with children and the companionship between peers is something we,as parents, can never teach. I understand your situation and am not saying this is wrong. If your economic condition improves in the near future, it is still better to send your children to school. Learning how to adapt to society is one of the most important lessons for kids.

In my opinion, credits and loans are very dangerous. 

A person raises his level of income in the present, but lowers it in the future.  This is not very scary if the world economy is on the rise and its condition is improving over time. 

However, this is currently not the case.... Each subsequent generation lives worse than their parents. 

Loans and credits can be taken on real estate (and only if there is absolute certainty that the property will increase in value).

I want to deeply appreciate your kind words of encouragement @lovesmayfamilis. I have faced a lot of criticism from friends and family that think that my strategies are weird. They want me to take loans or buy things on credit so that I can be "comfortable". But I have learned to ignore their side talks and mockeries because I know where my shoes are pinching me. Most of these people are not willing to offer any financial assistance and when you default on loan repayments, they are the ones that will laugh you to scorn. I have decided to focus on my family and live within my income. I desire that all the hard work and sacrifice me and my wife is putting in will not be in vain. Thank you again for your support.

I may be wrong, but it seems to me that growing agricultural products in the city is not a very profitable activity.....

You may be able to grow more useful and environmentally friendly agricultural products, but it is very difficult to compete in agriculture with a well-organized agricultural agro-industrial holding. 

Any industrial production allows you to produce products cheaper than an individual manufacturer. 

Therefore, even taking into account the retail store margin, it may be more profitable to buy food products in the store.  There are also special shops selling healthy and environmentally friendly agricultural products.  They have one drawback - the food sold there is more expensive than the food sold in regular chain stores. 

In my opinion, it is expedient for a city dweller to focus all his efforts on training new promising professions in the field of IT technologies. 

This will increase your income and more successfully survive the global economic crisis.

sending children to school anywhere is not a problem as long as we as parents continue to pay attention to our children when they are at home. such as asking what has been learned and what difficulties are encountered in the lesson. help him study at home and so on.

I think I got a little idea from your story that you have made a business for your wife. Maybe I will try something similar about this for my brother who also has a place to live in an area that seems to have good potential to start a business without needing to rent a shop.

By utilizing narrow land we can still do gardening as well and the gardening techniques are verticulture, tambolampot, hydroponics using mineral water bottles, styrofoam and also using large pipes where body parts are cut and filled with fertile soil and fertilizer for growing vegetables and others for cooking.
and I've been doing this since Covid-19 and I'm still doing it until now, and this is very useful and also economical in financial matters. Because I only cut some vegetable and chili plants for cooking, and these plants don't need a large area because they only need to be hung on walls or on fences and other parts of the house that can be exposed to sunlight.
and planting yourself is more controlled for health problems because we will plant and care for it properly and healthily, and also always controlled because it is around the house.

This would be a problem for those who live in the city and have no extra space, but I've seen new technology right now about vertical farming and hydroponics, which is really good for those who have no soil or extra space, though it would still be beneficial if you have backyards as you can easily plant. Most of this was done in province, not just to save money but also to be healthy since you'd be cooking it yourself rather than buying it outside. Even just planting it in a single pot can save you money over buying it.

A good strategy because you can get a quality school at a low cost, the most important lesson when we buy a house is that it can be used for business, if the house is in a commercial area of course it's easier to start a business, I also plan to sell a house and buy land in a different area crowded and strategic so I can rent it and get passive income.

This is what I like a very practical thinking yet cost efficient to handle the raging prices and inflation. People should be doing this during the pandemic although covid isn't done yet but with all of these strategy to survive, it's better than to be buried in debt. Practicality at its best thinking any cheap alternative to cut-off some other or over expenses especially in this era where inflation beginning to hurt our pocket/wallet yet the salary isn't raising yet despite of all the price hike in almost everything.

Great advice especially on the bulk buying aspect, many people may consider it unnecessary and even wasteful but buying in bulk actually do help in bad economy season.

I remember when I stalked up some bags of rice in my country at a very good price although I wasn’t anticipating any fall in my nations economy it actually did happen and not only did the stalked up rice see me through that situation I actually earn double the amount I bought one by selling off some.

It is an interesting topic, actually, it is something I have researched a bit on the internet.
How some governments even to this day try to control the demography of their country, my favorite modern example is India with their Population control bill they approved back in 2019. They go as far as allowing couple to have up to two children, so they can apply for state sponsored benefits, like loans.


Source: https://en.wikipedia.org/wiki/Population_Control_Bill,_2019

About what you say on Africa, I generally agree that you live in a continent which is very rich in natural resources but unfortunately has suffered some sort of bad luck with generations after generations of tyrants and corrupt politicians, there is a similar thing which happens here in the Americas.

This is what the people didn't realize. This is why they kept on looking for another strategy but the op's post is very informative and might help those people who struggle about the same problem. Other people are complaining and sometimes blame others, the governments.

This is very wrong and it does not help a lot and what if other people are also poor or helpless? And what if the government itself is selfish or corrupt? If that was the case then a personal approach is the only thing that we will need. We then need to team it with determination and commitment (like you said) so that we can successfully overcome the issue. All countries/places are not exempted with it, it's just that others are badly affected.

There are only two ways to successfully survive in an economic crisis - increase income or reduce costs. 

At the same time, increasing income by changing jobs is largely a dead end.  During the economic crisis, the employer is concerned about reducing costs and increasing the efficiency of the organization's employees.  Thus, you will inevitably run into a situation where you have to work harder than usual and get very tired.  At the same time, the employer will make efforts to reduce your wages, avoid having to pay you quarterly and annual bonuses, etc. 

Intensive work can adversely affect your health and require additional funds for treatment and rehabilitation.

While growing up I will used to see a lot of parents hand down clothes from their eldest child to the younger ones, sometimes they even have to amend the clothes just so it will fit the younger ones. This was one of the methods of survival during the harsh economic realities of that time. I never understood this until I became older. In this time my survival strategies include:

- getting used items instead of new ones.

- taking walks to short distances instead of ordering a ride. I am considering buying a bicycle.

- I work out at home instead of spending money on monthly gym subscription.

- I bought a solar panel and batteries for electricity instead of using petrol powered generator whenever there is power cut.

- I have resorted to making my own body lotion instead of buying expensive lotions at the supermarket/malls.

I can go on and on but I'd stop here now. I hope I have been able to share some valuable insights.

Birth reduction strategies are economic tools to reduce population in order to bring down governmnet spendings and to achieve some some economic prosperity. But this strategy has a long term consequence which are affecting countries like China and Japan negatively. These countries' productive population is gradually declining and the government is faced with the challenges of inceeasing the population they reduced. The problem now is that most youths of these nations are no longer interested in having children because the birth control policy has influenced them. The government is not trying to persuade or influence them to have children because of the shortage of labour force. The truth is that they have to rely on immigrants for a long time until these birth increase policies becomes fruitful.

Overpopulation indeed is one of the problems of Africa but the continent has enough resources to feed even double of its present population. If the youthful population of Africa is empowered through education, skill, training and development they will become productive and contribute meaningfully to the development of the continent. But our major problem is bad leadership. A group of individuals mainly politicians are conniving to steal the commonwealth of African nations, thereby leaving Africans to die in poverty and sickness.