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[Ben Kempton]

Inflation is now becoming a really huge issue for many people who are struggling. I reside in a place where many people are really saddened by the wave of inflation and how inflation is having an impact on their lives. People are not able to buy products for their families and they are having a really huge problem dealing with the rising cost of services and products. It is predicted that the cost of living shall increase and the fuel prices will also increase. This means that other products like wheat, rice, cooking oil, meat, chicken, beef, and other kinds of grocery items will also become really expensive. During such times, how is it possible to survive?

 

[Sanjee]

It's hard to survive when the inflation rate is high. What one can do in this situation is cut down the cost of things which are not essential. We can cut down cost on our travelling, recreation cost and many other things which can be avoidable. Also, we must avoid wastages like we should cut down the electricity, water, and bills. We should make a monthly budget as per our earnings and should strictly follow it.

 

[Franca01]

When it comes to true survival, it is necessary not to throw money away. I would try first of all to eliminate waste or unnecessary consumption such as alcohol, gambling, cigarettes and the like. I would try to replace the car with more economically sustainable means: walking, cycling, scooter, bus, etc. Finally I would buy only what it needs, selling or bartering everything else. But I believe that any attempt could be useless without education to frugality, I assure you that in my country it would be necessary.

Actually i don't think you can equally go with gambling in a business, is either you leave the gambling and concentrate in the business or you leave the business and concentrate in gambling.

 

[Ryan909]

The best strategy for surviving when inflation rates reach an unsustainable level is to take precautions to shield oneself from its impacts. This entails spreading out your investments, selecting investments that are resistant to inflation, and watching your spending. Additionally, it's a good idea to keep up with inflation trends and modify your investments and savings as necessary.

 

[Trebor]

With the evident of inflation, the prices of almost everything is usually increasing leaving the value for money to go down which results into a low purchasing power among the people. Therefore one should live within their means during the inflation time.

 

[Skysaint]

What I am doing right now is to convert all my assets to a stable coin so that the inflation won't affect it that much. Like I said, it's not actually going to rule it out completely but help reduce the effect it will have on your finances.

 

[Kennysplash]

If you are a business person then you should also inflate your goods or services as well. If you own a job then ask for a raise, you cannot be working from hand to mouth with nothing else to show for it. You have to survive.

 

[gammarays]

Inflation is really going higher in most part of the world and affecting families. There are several ways to checkmate it so it doesn't affect us negatively. It's good to reduce unnecessary expenses to the barest minimum to help save money. Having a passive income stream is also good.

 

[Bango]

Well, that's why many of us are looking for a second job in addition to our main income, and also trying to earn $1 or $2 a day on GPT forums. In order to survive in this situation, you need to buy gold

 

[Akakuli75]

Inflation has taught me a really big lesson: save money! If I were saving my pocket money till this day, I would have had enough money that could help me to conduct business. If I were to have a job, i would have had enough money today. So, saving money is the best thing a person could do in order to battle inflation.

During inflation time, many people always learn how to manage and save their money. I don't there is always positive impact to individual when there is always inflation. it always bring everything high.

 

[Ben Kempton]

During inflation time, many people always learn how to manage and save their money. I don't there is always positive impact to individual when there is always inflation. it always bring everything high.

There are many reasons why inflation may increase. One of them is international policies that affect the price of many commodities such as petrol. When the prices of petrol increase, the price of every thing increases, including electricity as well.

 

[Akakuli75]

There are many reasons why inflation may increase. One of them is international policies that affect the price of many commodities such as petrol. When the prices of petrol increase, the price of every thing increases, including electricity as well.

I think petrol always affect every because most of the trader travel by vehicle that use petrol. When there always increase in fuel it always affect traders negatively which may always cause general increase in prices

 

[a_jerobon]

The inflation is so devastating that almost everybody is at threshold point of breaking down. The best way to mitigate against this inflation is to diversify and find ways to earn more money. For example, I have offline business but I engage in online business to earn more money for survival.

That is right. It is best to diversify sources of income in these hard times. That way, you can enjoy living a comfortable life where you can afford most of the things that you want. No one lives comfortably with small amounts of income.

 

[Bigron]

Sort your spending into categories to identify areas where you can make savings. Utilize coupons, visit thrift shops, and make large purchases. When taking on new debt, avoid floating rates whenever you can because they can be unpredictable during times of high inflation.

 

[IB DD]

The best way to survive in times of inflation is to adjust your lifestyle. Your life style must be optimum to the economic reality. Just learn how to marked out as the things that are wants and needs. Spend only on the needs in times of inflation.

 

[Ben Kempton]

It's hard to survive when the inflation rate is high. What one can do in this situation is cut down the cost of things which are not essential. We can cut down cost on our travelling, recreation cost and many other things which can be avoidable. Also, we must avoid wastages like we should cut down the electricity, water, and bills. We should make a monthly budget as per our earnings and should strictly follow it.

Inflation is increasing because the economy is failing really badly. This is due to the fact that people are not using resources in a moderate manner. They are using resources in an unnecessary way and this leads to shortage of resources in a limited amount of time.

 

[Rezaul65]

Although managing inflation can be a difficult and challenging task, there are things that can be taken to assist. One tactic is to cut costs, boost income, and ask for aid from governmental or nonprofit organisations. Staying upbeat and committed to your objectives is also crucial. You may overcome this challenge and emerge stronger by taking proactive measures to manage your finances and asking for assistance when necessary.

 

[Asfaa]

It is reality that inflation is hitting all time high and we are badly effecting by it, we are facing so serious problems with it, the only way left is to cut down your expenses and each and every family member try to earn some money, the head of the family try to combine online and offline both work.

 

[Player1]

The only way you can survive this is to manage. The little you have try as much as you can to manage it to the fullest. Know your needs from your wants, then set a budget for yourself. This would help you save more money as well.

 

[cmoneyspinner]

Inflation is now becoming a really huge issue for many people who are struggling. I reside in a place where many people are really saddened by the wave of inflation and how inflation is having an impact on their lives. People are not able to buy products for their families and they are having a really huge problem dealing with the rising cost of services and products. It is predicted that the cost of living shall increase and the fuel prices will also increase. This means that other products like wheat, rice, cooking oil, meat, chicken, beef, and other kinds of grocery items will also become really expensive. During such times, how is it possible to survive?

Just daily living is a problem for people who are struggling. I'm almost 70 years old and I have been hearing people talk about inflation for at least 50 years. If you live in a country that offers welfare or assistance programs for the needy, don't be proud. Apply for help! That's the best way to cope with inflation if you're struggling. In the USA there are government programs and programs run by private charities and religious organizations. Go to them. That's what they are there for.

 

[Akakuli75]

That is right. It is best to diversify sources of income in these hard times. That way, you can enjoy living a comfortable life where you can afford most of the things that you want. No one lives comfortably with small amounts of income.

Yeah, nobody will always like to live an uncomfortable life, what always necessary is always to change your sources of living if you think you are uncomfortable with the current one. Life is always about choices and you need to always choose according to what you think you do better