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How do you cope with the inflation on your personal finances?
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.
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.
The only thing that I am whining about is paying our apartment monthly, which makes me struggle to earn money. We did not usually pay for our place before, which makes me feel bad at present.
I try to invest what I have left over to try to fight or beat inflation, for example in mutual funds, crypto, foreign currencies in my neobank or other investment instruments.
Dealing with inflation needs one to be creative . You can start with cutting off some unnecessary expenses like unnecessary wants.. Just spend money for the important things.
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 have been able to keep my expenses on track so that I don't spend too much in such hard financial times. I also look for way to earn well from several sources. That way, I will have a better cash flow to sustain me.
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