Sometimes looking towards increment in salary wouldn't solve our problems.Over the years there has been hardship in the economy all over the world, and people complain on how to increase there salary or have other alternatives of getting more funds, and even when they get what they desire, they still complain that since their source of income has increased, there expenses has also increased. But I think that people needs to control the way they spend, in other to be able to save more. If paraventure we decided to spend according to how we earn without reducing the level of spending, we may end up not being productive.
For me cutting down expenses would be another way of adding value to our money. Like cutting down the rate we eat, for those that spend alot on food, you can do better without over eating. the way we buy unnecessary items that has no value, when we have other useful things to do with money. So lets focus on the top priorities, expecially things that will bring more Money.
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.
If the economy is bad, and there is inflation, that means that the prices of goods and services are high, yeah? So, when you take, let's say $10 to the market it won't buy what it used to, yeah? So, how do you expect people to cut down on their feeding, when they're not even feeding properly?
This just reminded me of something important in Economics, The Vicious cycle of Poverty. You see, this phenomenon explains a situation whereby a country is poor because they are poor. Bringing it down to the individuals trying to survive inflation/ bad economic situations, the individuals remain poor because they cannot invest in themselves.
If you want to escape economic hardship, there's a solution and the solution isn't cutting down your feeding so you can save, but it is to invest in yourself as a person. Even though to achieve those investments you'd have to cut down your eating, it may be your own little sacrifice. Investing in oneself opens people up to opportunities for wealth-making, and liberates them from what hardships they are facing.