What do you guys think about this? Would this be helpful? And what do you think will help us in this time of economic hardship?
Am sorry I have to change the topic of discussion from how to reduce inflation to how to survive inflation and economic hardship sudjested by sokani.
When there is an economic downturn, it becomes difficult to get regular income from a job. At that time there is no chance to get extra money instead job loss situation is created. Typical man can do in this time of inflation is to reduce his expenditure. It is too difficult to reduce expenses from what he needs in his daily life. Those who belong to lower class families cannot afford to spend too much money because they need some basic things which cannot be left out. The minimum necessities for survival must be purchased.
The issue that will receive the highest priority in these discussions is cost reduction. But an individual cannot protect them from this economic downturn by simply cutting costs. So he definitely has no option to increase his income.
In order to escape from this black claw of inflation, I should emphasize a few things.
Those from lower income families must cultivate in their backyard or fallow land which will reduce their expenses and give them a chance to earn some extra money by selling crop. Additional income areas should be explored. Need to work harder for some time. So that they can get more money than their specified income.