Coping With Inflation: What Are Your Strategies

[nomad]

Inflation has continued to create havoc in our lives even in 2024. The commodity prices are still rising, purchasing power or our money continues to decline. The current inflation demands us a proactive measure to manage our finances. What are your strategies to cope with inflation in 2024?

My favourite method is to manage my finances through budgeting. Despite rising prices, I aim to maintain my expenses with the same amount of money that I needed before inflation. I am doing this by adjusting my lifestyle.

 

[Starmix]

I also have the same method as yours. I managed well my finances. I am afraid to go to malls, afraid that I may not be able to control my spending. Money is hard to find.

 

[eldavis]

For me budgeting is definitely part of the plan but at the same time to be also create extra source of income so I won't rely on just one .

 

[SHAHID987]

Money always remain hard to get, and when we go in malls and other places like malls then usually we lose our control and purchases some extra things which we don't need. I have my monthly tight budget and I strictly follow this.

 

[Starmix]

Money is easy to spend but hard to earn, so we need total discipline of ourselves. let us think many times before shopping impulsively in the mall. It is better to be sorry than suffer because of our stubbornness.