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.

 

[Bookwormlux]

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

 

[Genie01]

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

 

[Gandiba]

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

 

[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.

 

[Bigron]

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

 

[eenya00]

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

 

[GoldenLady]

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.

 

[HayKay]

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

 

[Georgeadawara]

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.

 

[Bigron]

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.

 

[Bigron]

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.

 

[Bigron]

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.

 

[Bigron]

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.

 

[Bigron]

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

 

[eenya00]

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.

you have your life really well planned, good for you. most of us did not see this inflation coming and where not prepared for it as much as we should, but thanks be to God, we are still surviving.

 

[Bbwoy95]

you have your life really well planned, good for you. most of us did not see this inflation coming and where not prepared for it as much as we should, but thanks be to God, we are still surviving.

Oh yeah by God's grace, everything is working out perfectly well for me and I suggest that most people should also try out with these kinds of ways to be able to cope with the current inflation.

 

[Good-Person]

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

When the United States suffers from recession, many other countries also suffer. This is because United States increase the interest rates and this could increase the value of dollar in return.

 

[Bigron]

When the United States suffers from recession, many other countries also suffer. This is because United States increase the interest rates and this could increase the value of dollar in return.

This is a great assertion. The United States is the beacon of the world’s economy and so, any negative occurrences will definitely have an impact on the financial structure of other countries.

 

[Good-Person]

This is a great assertion. The United States is the beacon of the world’s economy and so, any negative occurrences will definitely have an impact on the financial structure of other countries.

The current raise in the interest rates have made many issues for many investors. Having said that, there are many people who are waiting for the federal reserve to make good policies and stop increasing the interest rates.

 

[Bigron]

The current raise in the interest rates have made many issues for many investors. Having said that, there are many people who are waiting for the federal reserve to make good policies and stop increasing the interest rates.

I understand your point. The interest rates are at an all-time high and the economic signs are not looking good in this regard. I also think that the governments can definitely help to reduce these rates, though.

 

[Good-Person]

I understand your point. The interest rates are at an all-time high and the economic signs are not looking good in this regard. I also think that the governments can definitely help to reduce these rates, though.

There will come a time when the government will stop increasing the interest rates because I do not think that they could continue to grow interest rates for a long period of time. What do you think?

 

[Bigron]

There will come a time when the government will stop increasing the interest rates because I do not think that they could continue to grow interest rates for a long period of time. What do you think?

I do think there is a maximum threshold when it comes to interest rates, otherwise the standard of living will be too high for the masses. However, this does depend on the government's willingness to decrease it.

 

[Good-Person]

I do think there is a maximum threshold when it comes to interest rates, otherwise the standard of living will be too high for the masses. However, this does depend on the government's willingness to decrease it.

When it comes to federal Reserve, they have a specific term and policy, as far as I think. This is why they have a specific threshold for sure. I think that they can also increase that threshold when they want.

 

[Bigron]

When it comes to federal Reserve, they have a specific term and policy, as far as I think. This is why they have a specific threshold for sure. I think that they can also increase that threshold when they want.

I think that this is absolutely the case, and their ability to increase the rate of interest is worrying financially. We just have to hope that the Federal Reserve are able to limit the increasing interest rates

 

[Good-Person]

I think that this is absolutely the case, and their ability to increase the rate of interest is worrying financially. We just have to hope that the Federal Reserve are able to limit the increasing interest rates

The U.S has been increasing interest rates and I think that this definitely has a huge impact on the global, economy. I have noticed that things have become pretty expensive in my country since the U.S has increased interest rates.

 

[Bigron]

The U.S has been increasing interest rates and I think that this definitely has a huge impact on the global, economy. I have noticed that things have become pretty expensive in my country since the U.S has increased interest rates.

Definitely, I share your sentiment. The interest rates have shot up dramatically, which has translated to the increase in prices of goods and services, undoubtedly making the standard of living even harder.

 

[Good-Person]

Definitely, I share your sentiment. The interest rates have shot up dramatically, which has translated to the increase in prices of goods and services, undoubtedly making the standard of living even harder.

This increase in interest rates is causing much issues for many people. An increase in Interest rates causes the economy of other countries to tumble in a really awful manner.

 

[Prince]

Inflation is one of the major crisis that affect the economy. So in order for me to cope with inflation I rather put on my account how to spend my money necessary to avoid difficulty

 

[ganibade]

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

The only people that are coping with inflation is the people that have farms. Farming is the only way to tackle inflation at any circumstances because there's no money in circulation.

 

[Sincerem]

There is absolutely nothing we can do about it except the government are willing to stop it. But in as much as the government does not really care we don't have any other option than to work hard and have more money to be able to balance everything perfectly.

 

[Syldan]

Personally I believe there are some natural instincts that you or a business owner can not do without it. I have been trying to since I understand that alot of business have been affected alot.

 

[Good-Person]

There is absolutely nothing we can do about it except the government are willing to stop it. But in as much as the government does not really care we don't have any other option than to work hard and have more money to be able to balance everything perfectly.

Yes, we cannot deal with inflation at all. There are many people who have a fixed amount of salaries and when inflation increases, their salaries do not get increased.

 

[Sincerem]

Yes, we cannot deal with inflation at all. There are many people who have a fixed amount of salaries and when inflation increases, their salaries do not get increased.

Seriously , that is just one of the reason it is necessary for us to have a business even if we have opportunity to work for the government . salary does not necessarily make us rich.

 

[glitch]

Well, I am spending more and more on food it seems and I am able to save less to put toward a house. I am looking into options for "rent to own" and I will have to see if I can take that approach because as of now, my wife and I can't afford to live in a safe area. We can afford to live in areas where crime rates are high but since she stays home and works from home, neither of us will feel safe doing that.

 

[Good-Person]

Seriously , that is just one of the reason it is necessary for us to have a business even if we have opportunity to work for the government . salary does not necessarily make us rich.

Well, this is also one of the reasons why I reckon that you must invest some portion of your income in order to make some sort of profit to some extent. If you invest $100 and gain $50 as profit, then you will still be able to recover from inflation to some extent.

 

[Sincerem]

Well, this is also one of the reasons why I reckon that you must invest some portion of your income in order to make some sort of profit to some extent. If you invest $100 and gain $50 as profit, then you will still be able to recover from inflation to some extent.

When talking about investment it is something that will only generate you profit after a specific period of time . I believe establishing a business will always give you a much relief financially because of constant profit that comes along.

 

[Good-Person]

When talking about investment it is something that will only generate you profit after a specific period of time . I believe establishing a business will always give you a much relief financially because of constant profit that comes along.

Yes, investing in any kind of business would generate you profits after some time. This also applies to cryptocurrency market as well because it takes time for cryptocurrencies to rise in value.

 

[Sincerem]

Yes, investing in any kind of business would generate you profits after some time. This also applies to cryptocurrency market as well because it takes time for cryptocurrencies to rise in value.

Investing in business is better as you may have opportunity to generate steady income. cryptocurrency is also nice. This is even the perfect time for people to invest in cryptocurrency provided you are willing to risk it.

 

[Genie01]

The inflation and high cost of living is global and according to the recent increase in interest rates of the dollar .
My technical analysis is dictating that we are up for another level of inflation.

 

[Good-Person]

Investing in business is better as you may have opportunity to generate steady income. cryptocurrency is also nice. This is even the perfect time for people to invest in cryptocurrency provided you are willing to risk it.

Cryptocurrency investments could be great, but they are incredibly risky. Moreover, as a trader, you do not always get a buyer in the market and you may need to sell cryptocurrencies at a market price.

 

[Sincerem]

Cryptocurrency investments could be great, but they are incredibly risky. Moreover, as a trader, you do not always get a buyer in the market and you may need to sell cryptocurrencies at a market price.

But there isn't anything wrong with you selling your cryptocurrency at the market price. well you can sell it above the market price only if you would have to keep it to appreciate but still you will have to sell it at market price.

 

[eenya00]

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.

Some of us where not prepared for it, so it is very hard to go ahead of it as we did not see it coming and it has really hit hard making life unbearable but I believe that with time things would get better

 

[Chibson]

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.

Trying as much as possible to avoid unnecessary spending is very important for you to overcome inflation. It is also important and necessary to make budget whenever you want to buy anything.

 

[Smiles20]

I can tell you for sure that inflation is highly affecting my business as well as things that I will naturally love to buy for myself. The only thing I am doing is trying to address to it responsibly.

 

[Abigael]

Frugal living has helped me a lot through inflation. I am so aware of how much money I make and how I spend each penny. I have had to force myself to let go of some unnecessary expenditure. This is so that I can be able to afford my basic needs and avoid being totally broke or getting into debt.

 

[Good-Person]

But there isn't anything wrong with you selling your cryptocurrency at the market price. well you can sell it above the market price only if you would have to keep it to appreciate but still you will have to sell it at market price.

The fact remains that there is indeed nothing wrong with selling and buying cryptocurrencies at a market level if it is proving to be profitable. You can sell cryptocurrencies at market price because you can easily find buyers for that in the exchanges.

 

[Smiles20]

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.

You can as well reduce the money that you are spending and also at the same time you can also increase how much you are making as well. This is going to make it more easier for you to cope.

 

[Shortie]

As much as it is difficult with inflation rising the way that it is and so rapidly and also with personal circumstances that I have at the moment I am finding it somewhat difficult to cope with the rising inflation but I am doing everything I can to get through it as I know many people are. This is something that many people are going through and as much as it is a struggle, I know there are people out there, worse off than I am and so I am thankful for what I have and what I am able to do to cope.

 

[Chibson]

One of the best strategies I use to cope during this period of reflation is to adjust my spending. I make sure I try as much as possible never to buy things I do not need.

 

[Nomad]

I am spending more hours working so that I will be able to generate more money and I might be able to pay my bills. When ever I have surplus money, I also try to invest as the prices of assets have also gone down.

 

[Ernestnari]

The only way we are coping with inflation is by adjusting our lifestyle. The only expenses that we prioritize right now I'd food because we can't do without it.

 

[Abigael]

One of the best strategies I use to cope during this period of reflation is to adjust my spending. I make sure I try as much as possible never to buy things I do not need.

That is a great thing that I am trying to do too. I do my best to spend so well that I never go bankrupt. Also, I have learnt the importance of trying your best to increase your income. If you earn more, it is easier to plan your expenditure.

 

[Chibson]

That is a great thing that I am trying to do too. I do my best to spend so well that I never go bankrupt. Also, I have learnt the importance of trying your best to increase your income. If you earn more, it is easier to plan your expenditure.

trying to increase your income is always important and necessary if you want to beat inflation. You must also know how to manage your finances well in order not to spend money recklessly.

 

[Castelione]

I am spending more hours working so that I will be able to generate more money and I might be able to pay my bills. When ever I have surplus money, I also try to invest as the prices of assets have also gone down.

Oh, yeah. Investing is always a good idea - and you are right, prices of assets really went down so it’s also a great opportunity to invest more.

 

[Pauljonnes1000]

How do we deal with inflation? We deal with inflation by dealing with our finances, reducing our wants and going for the less expensive substitutes. For example going for a car of #750,000, than going for a car of 2million. Reducing your food bulkiness.

 

[Syldan]

Well inflation is not something that you can cope with but rather you just try to go by it because nothing really seems to get better.

Sometimes it depends on the kind of business you do but almost all are affected.

 

[Nomad]

However, the problem with investing during the recession is you do not have enough money as you are already coping with a high cost of living. Well, I am talking about myself.

 

[Castelione]

Well inflation is not something that you can cope with but rather you just try to go by it because nothing really seems to get better.

Sometimes it depends on the kind of business you do but almost all are affected.

Fair point. Inflation is really frustrating.

However, the problem with investing during the recession is you do not have enough money as you are already coping with a high cost of living. Well, I am talking about myself.

This makes sense. It’s really a hard situation to be in, and I can actually relate.

 

[Joy123]

It's a good time to analyze where I often spend my money, and eliminate some of my non-essential expenses, or replace some of my cost with affordable alternatives.

 

[Nomad]

During the inflation, not just the businesses, even the individuals go into financial crisis as the value of money will go down, therefore, it is not easy to start investing.