Cost of Living Crisis: What can YOU do?

[Kane]

When there is a recession, inflation increases. When inflation increases you will be earning less, even if you are earning as much as you used to before the recession, the value of your money will go down. Prices of commodities will increase and you cannot afford the things that you could before the recession. recession and inflation are great times to build wealth but this is possible only for those who have money to invest, for the rest of the people, maintaining life is what matters.

 

[Syldan]

Good budgeting coupled up with financial planning can be one of the remedy to solve the situation. this is because alot of people have limited resources but have no plans on how to utilize the little they have but rather spend more than they have.