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.
Apart from starting to control our expenses, one way is to increase our income, improve our skills so that we can look for additional jobs or also do double jobs, but the second is only available in many rich countries, while in developing and even poor countries it is difficult to get even one job, let alone two.
I tried to check that food costs consume the most of our money, and this happened to me not only because food ingredients increased significantly but in some moments we often bought excess food so that it ended up not being eaten and thrown away and that was a form of waste.
Another way to survive inflation is to start investing with discipline. Investing will later help us overcome inflation which makes the cost of living increasingly high and not commensurate with the salary received.
I agree with this that we must continue to improve the skills and abilities that we have, because this is the best way for us to continue to develop or simply maintain our position, both in the career world and the business world that we are currently involved in. because if we are too lazy to hone the skills and abilities we have, then be prepared to lose the job and business you are working on. In the world of careers, so that our careers can continue to develop, try to become someone who is irreplaceable and needed by the company where you work.
Food is a necessity, and we spend a lot of money on it every day. And buying enough food according to our needs is one way we can minimize our expenses every day. But I think, so that our expenses for daily needs can be minimized better, and live more economically, we not only have to pay attention to what items we buy, but also where we buy them. Because quite a few people, just because they follow their own prestige, are willing to spend a lot of money to shop at supermarkets, even though if they are able to lower their ego a little and decide to buy their necessities at traditional markets, they can get these purchases at a reasonable price. which is cheaper.
And talking about investment, many people think that one way to survive inflation is to invest.