Post
Topic
Board Economics
Re: what are the best ways to save cost?
by
Olatundespo
on 09/09/2025, 06:09:00 UTC
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.
Inflationary pressures are particularly high in African countries, where prices are rising but people's incomes are not. This is even more devastating for people with limited incomes, they are becoming poorer and more indebted. The amount I earn by spending 8 to 10 hours a day on a job is not enough to meet my family's expenses. Even if I find an alternative source, I will not be able to spend enough time there because I need to rest to function properly the next day. Therefore, it is better to limit the allocation of money to gambling, as well as try to increase alternative sources of income and reduce daily expenses by eliminating all additional sources of spending beyond basic needs.