Post
Topic
Board Economics
Re: how to survive inflation and economy hardship
by
wxa7115
on 09/04/2024, 00:18:11 UTC
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.
Nah! All that won't do anything. In fact, it will bring more stress and unhappiness to anyone practicing it. What's the essence of working when you can't feed well? People move from their work place to another so they can be paid better to enable them afford the basic necessities of life. The remedy to the issue at hand should be for one to get another source of income and expand one's frontiers. Limiting or restraining oneself from eating well won't save one any more. It will endanger one's health, if anything. Get extra digs. That's the way to go.
There are expenses that can be reduced or cut down in the case we have to economize, however when it comes to food there are limits, otherwise you could begin to starve and face some health issues because of your actions.

But even then, inflation grew so fast that even those measures are probably not going to be enough, so people will have to find a way to increase the amount of money they are taking home each month, but this is not easy to do, especially when there are still many countries around the world that are suffering the side-effects of the pandemic.