How do you cope with the inflation on your personal finances?
- Thread starter Ratine
- Start date
I have had to deal with inflation by cutting off some unnecessary expenses. These days, I only shop for what I need and let go of my unnecessary wants. This has helped me save a lot of money for the important things.
When it comes to one's needs there is nothing one can do but one can surely go slow on one's wants.
I participate in different forum websites, live within my means, reduce unnecessary expenditures, and invest. These are some of the ways I do to cope with inflation.
Inflation is not that serious in my city. The inflation rate is about 2-2.5%. But still, the price of some products has increased. To tackle this, I always look for good deals such as buy one get one free and work harder to make more money.
I just try to take my personal finances to a higher level to cope with the inflation. I increase the prices of the products of my business.
The best way to cope with inflation is to increase your income. Start investing and start saving a huge sum of money. This is the only thing you can do.
Cutting down expenses is a great way to deal with Inflation. However, this should not be the only thing you should be doing. It would be a really great idea to I create your income as well.
What I do with my personal finances now is to try and boost it so that it would surpass the rate of inflation.
