Quote from: speedy963 on April 01, 2023, 08:51:31 AM

Quote from: boyptc on April 01, 2023, 08:33:38 AM

That has a point, our money which has been printed a lot of times and added a lot in the circulating supply in the economy gives that feature of depreciation and that's acceptable because that's what will happen if money has been printed unlimitedly.

Now, we're understanding the concept of having a limited supply and unlimited supply which we've also learned in projects that we've seen in the market.

Long term, saving is a good practice because it develops you as a person to be conscious of the importance of having something in your pocket and in preparation for the rainy days.

The most worrying part is that, everyday the prices of all the goods and necessities are increasing specially those what we basically needed the most, and what makes it worst is that the daily wages are not even increasing while your needs are almost impossible to buy. This is what basically some of the analysts saying that "the cost of living is almost killing the living". Right now is the literal meaning of survival of the fittest, and having a job right now is no longer enough to sustain your family not unless you are working above the minimum wage which you can barely survive. Inflation isn't the only thing that causes a lot of problems in the economy, also the lack of job opportunities results into so many jobless people living in every country. The government can only support a few people but the there are thousands if not there are millions of people who doesn't have a job and still trying to find one.

It is the reality and happening in many parts of the world. While the minimum wage aren't really increasing a lot to help deal with the inflation and high prices of goods.

That's also hard on the side of the private companies that they can't just easily increase the wages. In tackling this problem, one job isn't enough these days.

One has to work two or three more jobs just to feel convenient living while dealing all these problems and could also be the way to have some spare and do some saving.