It's no longer news or new thing how inflation has ravaged the globe, especially that of Africans and things are getting more expensive every day by day. Usually, when things are getting tougher there should be ways of preventing, reducing or economizing things to suit the current economical situation. Most times things gets unusual high in the market, and what you would buy today in the market or at the supermarket will doubled and like, I will be how? Just what I got last few days has doubled? Again, money doesn't have any value what you think could sustain you for a week is no longer taking you to 4 days. So, I want to ask over here to know the ways or technique you uses at home to reduce and save cost.
The simplest way to save cost is to cut down out expenses. Inflation has become the order of the day due to the bad economy and if you keep on spending without having a budget then you might either end up being broke and in debt. If you are not financially stable go for your needs and not your wants, a lot of people buy things that they don't need and they don't realize that in the long run this actually affects them
Someone cutting down their expenses should be one of the best ways to reduce and save costs, especially with the way the cost of things are rising nowadays in many countries, particularly in African countries where inflation is rising. But the fact is that not everybody can cut down their expenses because even what they are spending their money on is very essential to them. It's their needs, not that they are spending money on things that are not important to them.
The reason why most people in underdeveloped countries are complaining about inflation highly is because their salary or wage rate is very low. Just imagine that, in some African countries, the money someone can’t use to feed themselves for a week is what they are paying for a whole month. With this kind of situation, these people don’t necessarily need to cut down their expenses but should focus on finding other sources of income that can meet their needs.