How are you coping with inflation?

[Bbwoy95]

I make sure to Get rid of debt.
I make an effective Make a budget and stick to it.My daily savings keep in shape during and after inflation. And so I'll urge you to also Start saving money, invest in assets that will hold their value, reduce costs, consider bundling your insurance products.

 

[Ronald]

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

Inflation has had an immense impact on the standard of living. Inflation has been responsible for the sharp increment in prices of goods and services, and this has led to people becoming finally handicapped

 

[eenya001]

is just to find a way to maneuver the country economic reality and hardship that comes with inflation, because i have tried all possible methods but it seems none is working perfectly at the moment but i believe things would soon change for good.

 

[UsmanAmoyo]

I make sure to Get rid of debt.
I make an effective Make a budget and stick to it.My daily savings keep in shape during and after inflation. And so I'll urge you to also Start saving money, invest in assets that will hold their value, reduce costs, consider bundling your insurance products.

This is indeed a smart move. It would help one outsmart this daunting inflation.
From time immemorial, Savings has been proven to have help in surmounting difficulting situations .
This inflation can be dealt by savings in time of aboundance.

 

[frederick_9]

This inflation has affected my finances in many ways. But as time goes on I will be able to cope with it

 

[Shaffy]

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

I try to earn more. That's simply the best way I've seen to do this. I am also exploring ways through which I can reduce my expenses, especially on grocery shopping. If I can find a cheaper substitute, I go for it.

 

[Good-Person]

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

I do not think that it is a kind of general problem, but it is a kind of problem which is experienced by many countries in a much harsher manner. Inflation rate is unequal in the world and some countries have a higher inflation rate.

 

[Kvngsammy]

The only way I'm working on coping with this inflation is to earn in foreign currency that's more valuable than my local currency which will definitely place me in a comfortable zone where I wouldn't be so stressed

 

[Georgeadawara1]

In not just easy surviving in this period in my country, the rate of everything seems to be very high, and the government is not working at all towards the inflation.

 

[Good-Person]

Inflation has had an immense impact on the standard of living. Inflation has been responsible for the sharp increment in prices of goods and services, and this has led to people becoming finally handicapped

Higher inflation rate could destroy the standard of living because when the cost of living rises, the standard of living may decrease as not all the people are able to afford expensive things.

 

[Ronald]

Higher inflation rate could destroy the standard of living because when the cost of living rises, the standard of living may decrease as not all the people are able to afford expensive things.

You have said it all. Inflation leads to a drop in standards of living because the remuneration for both online and offline business over a period can remain constant, but the prices of goods and services keep increasing.

 

[Good-Person]

You have said it all. Inflation leads to a drop in standards of living because the remuneration for both online and offline business over a period can remain constant, but the prices of goods and services keep increasing.

Unfortunately, inflation shall not drop that easily. When the price of commodities rise, it is really hard to control the price and lower them at an affordable rate.

 

[GIFTMICHAEL]

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

Yes It will not be wrong to say that inflation has left us broke and inflation is increasing day by day so we should save our money for bad time. We should use anything according to our need, we should buy it. if it is what we need, Otherwise we should wait for it to become cheaper to save some money because of inflation that hit us after COVID-19 mostly.

 

[Ronald]

Unfortunately, inflation shall not drop that easily. When the price of commodities rise, it is really hard to control the price and lower them at an affordable rate.

This is an unfortunate reality when it comes to products and goods because the refusal of traders to lower the prices of these items even when inflation is at a lower rate results in the effect of inflation still being felt

 

[Good-Person]

This is an unfortunate reality when it comes to products and goods because the refusal of traders to lower the prices of these items even when inflation is at a lower rate results in the effect of inflation still being felt

This is what were are suffering from right now. The prices of products shall never go down as the rates of each and every thing goes up. This has a huge impact on your savings.

 

[Ronald]

This is what were are suffering from right now. The prices of products shall never go down as the rates of each and every thing goes up. This has a huge impact on your savings.

The effects inflation has on our finances and our ability to exercise financial stability cannot be stressed upon enough. The constant increment in prices of goods and services is enough evidence to show that the economy is in a deplorable state

 

[Good-Person]

The effects inflation has on our finances and our ability to exercise financial stability cannot be stressed upon enough. The constant increment in prices of goods and services is enough evidence to show that the economy is in a deplorable state

The main issue is that inflation seems to rise each month. It is increasing and there are many people who suffer. It is now becoming really hard to live and many people might considering migrating away from my country.

 

[Ronald]

The main issue is that inflation seems to rise each month. It is increasing and there are many people who suffer. It is now becoming really hard to live and many people might considering migrating away from my country.

This is a major challenge facing the country at this moment in time. An unstable economy with prices rising left, right , center will only facilitate brain drain even more for the educated. This is because the remuneration paid in the country is constant, while inflation takes over

 

[Good-Person]

This is a major challenge facing the country at this moment in time. An unstable economy with prices rising left, right , center will only facilitate brain drain even more for the educated. This is because the remuneration paid in the country is constant, while inflation takes over

Many professionals have predicted that the economical crises shall worsen by the passage of time as the interest rates are getting so high, but still the economy is unstable.

 

[Ronald]

Many professionals have predicted that the economical crises shall worsen by the passage of time as the interest rates are getting so high, but still the economy is unstable.

This is a true statement. I saw a report by JP Morgan, a top economic analyst, which explained that the United States is likely to go into a recession by the middle of 2023. You can imagine the impact this would have on global economies