Quote from: DabsPoorVersion on September 30, 2023, 08:27:33 AM

Quote from: ice098 on September 29, 2023, 08:49:10 PM

Quote from: CryptSafe on September 29, 2023, 07:09:14 PM

The COVID19 inception was a very devastating blow to the world as a whole. Many people were taken unawares of the situation and it caused many their jobs, businesses packed up, increase in price of commodities all round. The situation till this moment is terrible. The third world countries are at the end of it all as non of their government could do anything about it. The world is facing a terrible economic inflation which has affected virtually every aspect of the market.

In my country here it is a terrible situation. The economy is something else and price of commodities here is x5 of the initial price. The price of petroleum products is on the high side. Currency devalued and on a free fall making it very difficult eOne to meet up. Yet government is yet to attend to civil servants working for them on increasing their salaries.

The cost of accommodation too is very high that getting a house here will take ones effort and just as OP has said that is how it is over here. It is very frustrating and worrisome that things got to this point which would be very difficult for one to comprehend. So what one needs to do at this point in time is to plan, budget and spend moderately to avoid unnecessary waste of resources. With these measures, one can be able to cushion the effect of the economic inflation and financial stress encountered as a result of the cost of daily living.

Since the pandemic started, I am very anxious with my current salary. The inflation after the pandemic really hit us so hard , the prices went so high now some basic goods has a higher price than usual . Even onions and rice increase a lot , I don't know how can I budget my salary because goods and necessities are getting high but our salary remains so low .

Many people around the world have the current situation. Nowadays, having a single job is not enough to support your neeeds and your family. What we must do is to find another source of income to at least be able to keep up to the inflation. Aside from that, budgeting is really needed, you must avoid everything that will make you lose your budget like eating on fastfood and buying unnecessary things.

If ever you can start a small business, that would be the best way since you can be the boss of your own business. Just plan everything and have a tight budgeting for now until we can keep up to the inflation.

Hoping on a job for monthly payment for survival these days is not guaranteed. Most countries pay below minimum wage and as such one can not depend on their salaries for survival. This makes it difficult for one to meet up with the economic inflation affecting the economy of their various nations. With this, one would need to have other source of income which is otherwise called side hustle to support and add up to what they earn monthly as the case may be. This would help them to meet up with the pressing demand as a result of the economic inflation.

Budgeting too can help one to minimise expenses while living within their budget. This would give one a sense of reason and to be conscious of the economic situation of their nations so as to sit up and face the reality of what is happening. When one puts up a budget, it shows a sign of self discipline which one must abide by to making sure that they achieve their goals.