How are you coping with inflation?

[Castelione]

Inflation affects our finances and our capabilities to buy something or strictly follow a budget.
How are you coping up?

 

[HK World]

Yes, inflation has become a global issue now, especially after COVID-19. The only thing I find useful in such a situation is that we stop spending money on unnecessary things. We need to focus on our needs first, rather than our wants.

 

[Good-Person]

The only way to deal with inflation is to reduce your expenses and manage your money in a really efficient and effective manner. Otherwise, you may end up spending more than you can think.

 

[Billy]

Inflation affects our finances and our capabilities to buy something or strictly follow a budget.
How are you coping up?

Inflation is a hot topic right now, and I think it's important to talk about it a little bit. I think the best way to cope with inflation is to take advantage of the fact that it's happening and get ahead of the curve. If you can't afford something now, wait until it's cheaper and then buy it. That way, you're not just waiting around for things to go down in price, you're making them cheaper by waiting.

When you do this, you're also gaining interest on your money, which means your money will be worth more tomorrow than it is today. This might seem like it's not much of a difference... but think about how much longer it takes for things to go up in price than down! You have time on your side when dealing with inflation, so take advantage of that fact.

 

[Setho]

The most important thing right now is to save your money in a currency that has been strong and that is why I have chosen the dollar and I have not regretted it too far.

 

[Potuse]

You could keep inflation in check by cutting down spendings and also if you really want to safeguard your money from losing its strength , you need to keep your money in dollars.

 

[tyrim88]

One thing that inflation does is that it has a way of devaluing you money,whether at home or in the bank,you will just have to cut spending and prioriotise what is the most important items to buy.

 

[Danny4cash]

The best way to cope with inflation is buy only the needed items and to reduce one spending. Inflation is really affecting the economic currently. You spent hours working to make money and when you receive the money you find out that it doesn't worth anything.

 

[Good-Person]

You could keep inflation in check by cutting down spendings and also if you really want to safeguard your money from losing its strength , you need to keep your money in dollars.

Well, inflation will keep increasing by the passage of time and there is very little someone could do anything about it. The sad thing is that the rates of foreign currency has also declined and this makes it harder to cope with inflation.

 

[Potuse]

Well, inflation will keep increasing by the passage of time and there is very little someone could do anything about it. The sad thing is that the rates of foreign currency has also declined and this makes it harder to cope with inflation.

The rise in the inflation rate is a major concern and the government should be very proactive to finding solutions to the problem because it is gradually getting out of hand.

 

[Good-Person]

The rise in the inflation rate is a major concern and the government should be very proactive to finding solutions to the problem because it is gradually getting out of hand.

The main issue is the cost of fuel and many other factors that are increasing inflation in many countries. When the government borrows too many loans, the country's chances of going bankrupt increases.

 

[Potuse]

Well, inflation will keep increasing by the passage of time and there is very little someone could do anything about it. The sad thing is that the rates of foreign currency has also declined and this makes it harder to cope with inflation.

I do not think that inflation will normally stop as of now. Inflation is greatly affecting most of the country and it isn't peculiar to one place alone or jurisdiction.

 

[Bookwormlux1]

It is a really difficult moment, but I try to make things easy for myself by making some money in dollars. This is how best to go about things to lessen the effect of the economy on one's life.

 

[Bbwoy95]

It is very true, especially in the country I'm in. But I'm able to live without any problems irrespective of the inflation by investing the money I receive from my online jobs. I also buy treasury bills aside my savings which also earns me something at the end of a month.

 

[Paul Abel]

I have cut my spendings a lot because of the insurgent inflation.
I spend on some things but no longer do so now because if I do, I will run out of funds and get into financial trouble.

 

[Good-Person]

I have cut my spendings a lot because of the insurgent inflation.
I spend on some things but no longer do so now because if I do, I will run out of funds and get into financial trouble.

Inflation is affecting each and every country in a bad way, but the issue of inflation is quite serious in certain countries. In my country, the economy is crashing and inflation is increasing a lot.

 

[UsmanAmoyo]

I invested in the us dollar currency last year and my savings just skyrocketed.
This is because the dollar has been bullish .
So, technically I am unaffected

 

[Genie011]

I invested in the us dollar currency last year and my savings just skyrocketed.
This is because the dollar has been bullish .
So, technically I am unaffected

This is a smart move I must say.
Investing or saving in dollars can earn one fortunes these days.
I would love to save in dollar too

 

[Gandiba1]

The only way I am coping is by trying to earn in dollars so I do not feel the impact of the inflation..

Although it is still affecting me because prices of goods have skyrocketed.

 

[Lynaia]

Inflation problem is a general problem is a general problem affecting not only one region but every nations. It's already part of us and it's not a new thing. I can only say that I'm surviving it