Quote from: Furious 7 on October 18, 2024, 09:39:52 PM

Quote from: yhiaali3 on October 18, 2024, 08:16:57 PM

I have the same problem in controlling the budget, the problem is also in my country here that prices are unstable and constantly rising, so you have to adjust your budget all the time to match the price differences.

This will definitely be difficult because for now almost every country the increase in all fields such as food or other things will clearly make us always be required to think so that we can manage finances well from the income we have but in the end things like this cannot be used as a reason for us to complain and forget about it because after all we still have to survive and try our best so as not to be eroded and hassle in difficult conditions like this.

Changes always have to be made and of course last month's management may not be used for this month because of the increase that continues to occur this month and vice versa. Therefore, for now the key is from ourselves because after all we are the ones who are the focus for our self-change in order to improve or at least survive in this difficult economic condition. Maximizing as best as possible and minimizing expenses is one important factor that must be done so that the expenses we have are not greater than the income we get each month.

As it becomes even more challenging to come up with our international economic common solution, one of the possible solutions is how we can better take care of world’s personal economy. The raise in food prices and other utilities forces us to find the better way of creating our income in order to fulfil our living requirements. One of them is not complain about this situation, but use it to strengthen our strategy decision on the financial issue. The primary this that has to be achieved to maintain the balance is to learn to control the expenses, where they are high or have to be decreased to be in line with the income.

Furthermore, one should note that particular management activities performed last month may be quite ineffective now because of the fast economic fluctuations. Thus flexibility in the handling of cash flows is highly desirable. For instance, it is possible to save as much money as possible by avoiding unnecessary purchases and Expenses meant for basic needs can work. Thus, the economy can be survived with careful, rigorous budgeting that most often is still effective amidst such precarioas conditions for personal finance.