Topic: My survival strategies in this harsh economic conditions - page 4. (Read 762 times)

Reflecting back in my college days and yeah, homeschooling is even waaaay better. Though for me, it was like a self-taught way of learning since nobody was able to teach me anyway. I learned more than what I need in my own field of software development. Resources are free in the internet anyway and I would be able to learn how other countries especially the US do software development in their region. I just wish I was able to spend more time learning at home though there's no point of regretting it anymore.

I can relate in low-key celebrations. It does not have to be so fancy. It might carve a great memory, but that memory would even build you a bad habit of overspending in the special seasons just to make it that you indeed celebrated better that occasion.

I liked Low spending on celebrations and growing crops at home. The most economical ways to grow your balance as well as save some on junk foods really. These days peeps tend to spend big chunks of money on celebrations. They would care more on decorations and what others will think about it rather than being simple about it and spending more on let’s say donations on those holy days, feeding the hungry kinds stuff. Anyways, even if they don’t do it then they can save amazing amount of money.

Growing crops at home is another trend that is viral. Peeps who love gardening should take up this seriously and learn to do “hydroponic farming”. The cheapest  and less space consuming type of farming. One can smoothly do it and also save up there. Great article to learn basics of savings.

Man you would be surprised about the conditions of schools in some countries. That is nothing else but devastating even in highly developed countries. But of course that doesn't apply necessarily nationwide then, but there are areas in highly developed countries where you would be shocked about the condition of schools. In essence you point the problem out. You can't really blame poor countries for lacking modern schools, but if richer countries also screw it up, that's just saddening. It is unacceptable towards the youngest generations who are dependent on the decisions the adults make. It is beyond me how saving money by cutting spending on proper educational infrastructure can make sense for any government.

Home schooling is rough. The stimulus is one issue, but you also need very well educated personnel and even if the idea is that the parents could do it, I guess that doesn't work out properly for the vast majority of the cases. Methodical and consistent education isn't simple and it only gets harder the older the children become unless the parents have access to a lot of resources and are very well educated themselves, but still implementing full-fledged long-term homeschooling into your life as parents is quite a big deal.

That's hell of idea. well i was not aware of the term that you have to approve you home school to teach your own children well now i am also going to search about its procedure or it will be more beneficial if you tell me how did you do it. i mean to ask, your children's study level at home schooling will be considered as physical going to school right?
Yeah, That's what we also do, We buy daily usage items like flour, rice, oil and other grocery items that are used on daily basis. well let me tell you, this method is the most appreciated method and most favored one by most of the peoples in past.
Great idea. well i admire your efforts. becuase this idea is not something unqie but completion of this idea is very difficult. like there is wholesale market in our area like 20 km far away from my house. all we have to do is to go at morning like between 5 to 8 other wise things sold out. and we do not go there. hmmm that's some next level laziness i know but your ideas has opened my eyes i must admit it.
That's something i should say you should not care about money. yeah saving is good but buying 1 pair of clothes at occasional events should not be a big deal. well i can assume how difficult it must be. because i have faced same problems. bro
You are living the best life man, i pray for you keep it up the hard work, i know following all the rules and limitations on life might be headache at start but once you get to feel and enjoy the freedom of not depending on others. you will appreciate your efforts and you must have become a independent man. I also appreciate your family's efforts because sometime its the family that does not understand the limitations and restrictions but these strategies are really awesome. i have just one question how did you managed to convince your family to follow the rules?

There are many ways we could make use of a particular strategy to help survived through the economy challenges, this has to be a personal approach and determination, we need a commitment to achieve this, we have to know that there's no particular place that does not have this kind of exper but when we remain determined to achieve success in whatsoever thing we do, our hardworks will contributes to the survival even while others were complaining.

You are right. before the Covid-19 pandemic started. lots of people partying or having extravagant celebrations. even exactly as you say. when his financial condition did not allow it. but he forced himself by taking out a loan. and then when the maturity date of the loan must be paid from there he realized that the step he had taken was wrong.

holding a celebration simply and potluck is a wise thing. we don't have to stress ourselves out with the desire to make fancy alignments. a celebration should be a happy day and bring happiness. and happiness doesn't have to come from luxury, but simplicity can bring happiness and serenity in life.

It is interesting how different the culture there is from what you would find here in the Americas.
Usually here in Latin-America there is not much family pressure to get married or have children, actually more people are opting not to have children, to have more money. I personally have like 5 friends, all of them in their 30s and none of them have children and one is engaged.

Here if you just decide not to have children or get married, usually nobody cares about it and leave you alone. What do you think about it?

As always, I like reading about how people in other countries are doing and what their economic conditions are--so thanks to you and OP for sharing a little about your experiences (I didn't know or forgot that OP was from Nigeria, so an extra thanks for clarifying that).  Sounds like those conditions are lousy pretty much everywhere.

Die_empty, all of those things you've done are solid.  In particular, I think the real estate investment will pay off in the long-term, and that's important since you've got children.  Is real estate expensive in Nigeria as compared to a country like the US or somewhere in the EU?  I've never dabbled in the market, so I'm completely ignorant as to what houses and land go for in different countries.

And I agree that homeschooling isn't feasible for many people.  You sort of have to be intelligent parents to do it, and there are a lot of idiots out there in the world, not to mention those who wouldn't be able to commit to the time it takes to school their kids.  Props to you, OP.

The first thing I have to say is don't go into debt if you can't pay it. The second is to live simply and not go overboard by pretending you can afford to live up to your lofty lifestyle. @OP has given his tips for surviving in these tough economic conditions and I think we will find our way to overcome difficult situations.

If we have a monthly salary, we can allocate it for each expense and don't forget to save for sudden needs and future savings. Reducing buying things that are not really needed can save you money so you can use the money to save for more. Likewise for primary needs which we always prioritize, we must be able to choose which are primary, secondary and even tertiary so that we do not buy goods that are tertiary needs.

Low key celebration is the best.

Most of the families wants a big grand celebration even though they are shot when it comes to budget, some of them even take loan form the bank just to show off to their friends or to their children friends, which is not really a wise thing to do. I think this pandemic made us realize a lot of things that we should have done a long time ago. But overall, your survival strategies OP are all good.

All planning's which you have mentioned are really good and everyone should do it but I think the point of growing crops is very simple and everyone can do it without any restrictions. investment strategy is also a valuable source but you need to give knowledge to your children first because they will have bitcoin but if they have no idea about its reality then how they will get profit from it.

Schools provided at home are not available here because the government and private school provides certificate to its students while at home we just can teach our children but cannot give them certificates and there is no any such job which gives employment without certifications.

The ideas and planning which you describe are really beneficial and easily can manage but some of them are not possible due to rules and regulations of the country like that are home schooling. Overall hardworking is good and it seems that you are really hardworking and think deeply for the future of your children.

I am in a country in which we really need to like party like there is no tomorrow that is why we need money on this a lot of people saving on it but also there are some will take a loan mostly when its their children's birthday but in other country i noticed they celebrate it but only few are invited as it is low key but here almost all people know you will attend so meaning you need to spend a lot and what i realize recently that when it comes to your son/daughter birthday he/she is not the star those people who attend so I promise to my self in the next birthday of my child we would spend it in playground anywhere that she will enjoy which no need to spend huge amount just to prepare foods for people

In Africa, once you are married you must have a child. It is also mandatory to get married. After a few years, if there are no children, you and your spouse's parents will start asking you if there is any problem. So generally Nigerians cherish marriage and children. Currently, people are not having so many children, just two or three is now the norm in urban areas. So I will never advise anybody not to get married rather they should get married. But you must plan before you get married and keep planning during the marriage. Marriage and children are beautiful things, most religions see them as blessings.

The economic situation of a country might also get better, as we are believing it will in Nigeria.


The Nigerian government has a policy of compulsory Universal Basic Education. This means every child must go to school and learn basic educational knowledge through both formal and non-formal education. But you must take note of the following:

Qualified teachers: The teachers in a homeschool must have the basic certification from the Teachers Registration Council of Nigeria.

Examination: Your children must also write internal and standardized tests. My son will be sitting for the Nigerian Federal School examination by August.

Curriculum: Your homeschool must have and follow the scheme of work and guidelines of the Nigerian curriculum. You can also adopt other countries' curricula in addition to the Nigerian type. You must not also teach what is against the Nigerian Policy in Education.

Learning Environment: You must ensure that you have the space and time to teach your children. There should be chairs, tables, shelves, ventilation, lighting, etc. Your children should at least be comfortable.

Quality Learning and teaching materials: You must have the scheme of work of all the subjects and buy these textbooks and ensure you cover them.

Time maximization: One of the benefits of homeschooling is that you can plan the classes to suit your schedule. Classes can hold at any time even at night or early hours of the morning. Sometimes during holidays, we fixed classes. In homeschooling, you must maximize every single time you have because you cannot predict tomorrow.

Rules and Order: Our home school have rules which are executed by the prefects and teachers. We have property prefects that arrange and safely keep school facilities. The library prefects are in charge of books and sanitary prefects clean the class.
In a typical Nigerian school, there is order. Members from Nigeria can confirm this fact especially private schools. They use both the carrot and stick. My children know and treated me like a teacher during learning because I behave and act like a teacher. My wife is the disciplinarian and as the headmaster, I handle higher disciplinary situations. After school, they know us as very loving parents and we are best friends. It's just for you to make them understand that we have two important institutions in the house: the home and the school.

Keep it up, OP. If you manage to progress in these conditions, you will gradually build up a heritage, and as time goes by when you don't realise it, you will see that better times will come and everything will be easier. A lot of people sacrifice their economic future to wear flashy clothes and stuff like that but you are doing the opposite, building yourself a great future by simply controlling the present. Bravo.

That's really good, because those who have land in their own house and can use it to grow crops that can be consumed and sold to the market will always feel enough in their life and always have peace in their home environment. Because besides being able to make a little money when it is supplied to the market, we can also save spending money in life to buy food elsewhere because we already have it at home.

And even though it is a very good idea, what I see in my environment is that not everyone wants to use the land around their house even though they also have water to grow edible plants. In general it's really very unfortunate, but I also understand that because maybe they don't have much time to take care of the plants after they have planted them or they really don't like planting anything so they are lazy to be farmers in their own house.

Nice tips, I'm fan of growing crops at home. As long as one has got some land and water, food need can be sorted out, one can also  trade for other supplies if there is extra left, just like good old days.

Everything you write is almost all relevant to the situation in a developing country like mine. It's just that strategies like what you do are sometimes not carried out by most people, especially in terms of education. Instead of homeschooling, parents in my country will send their children to "favorite" schools in the area under the pretext that after graduation they will get a good job, but that is not necessarily true. Because it has become a stigma in my area that homeschooling is identical with (sorry to say) a special needs child.

Lowkey celebration
Investment

This is where i do put my focus on on which im really that making adjustments when it comes to spendings.Im accepting that im a big spender when it comes to family gatherings or events or something in correlated
which it do really get a huge impact or partial with my savings or overall money that been earning.This is why i do make out adjustments and realize that im really that spending too much on which in a way
that it isnt really that something worth because you are the ones who would really be suffering on the time that you would be having those financial problems.

Nice strategy you have created for yourself and I think some of us can take a look on this and ensure we are doing our best to spend less and save more. Inflation keeps increasing and we don't even know when it would finally ends that is why we need to amend the way we spend money so we can survive this tough time.

There are some persons that would not mind about your survival strategy because they are wel to do. They have businesses that is bring constant capital to them and if we are complaining they might not feel it because everything is good on there side, since all fingers are never equal..

I've learned to be budget savvy if it's about the celebrations. I'm not really into it although if I get along with people that do celebrate it and as long as I'm not spending any penny on it, that would be fine for me. But as to my celebrations, I don't really give that much attention to them especially if it's my birthday. Yeah, I know that many do celebrate it a lot but I just don't and the last time that I celebrated it I think I was 10-11 years old and it was never followed having an initiative from me. It's good to celebrate but we have to align it with our budget constraints since the economies of most countries now aren't doing good.