How much has this inflation affected you??

Generally inflation and recession hit everyone who needs to earn and spend money, but some people are harder hit when times are bad. For me, I have survived through these storms since the mid-1980s. I just have to tighten my belt and ride through the storms. I am not hit significantly due to various reasons. Firstly, I am very prudent with money. I have learned from young to save money. I already started the savings habit since I was 13 years old. For every dollar I earn, I try and save 20 or 30 cents, and because I have been saving for more than 20 years now, I have good savings to tie me over any difficult period. I have cultivated this habit of not being extravagant. I don't buy something if it is not necessary. I don't waste my money on material things, or vices like gambling, smoking and drinking. For those who do, when times are difficult like now, it is harder to cut back on these cravings, but for me, I don't have to. I just tighten my belt a little and life can go on almost normally. Of course my wife and I are both university graduates, so we have the ability to earn a decent living working, so that helps in any circumstances. Unfortunately, there are some people who don't have a great ability to earn well, yet they spend much of what they earn indulging in things which they can actually forgo, instead of putting money aside and making that money grow for rainy days. Be prudent in spending, save from young and invest in what you save and make it grow...that's the key to having a healthy finance in later life to tie over difficult times. There's no shortcut unless one is born with a silver spoon. Hope this little sharing helps.

Thank God for a few cheerful replies. Everybody to a greater extent is hit by this inflation, so tightening belts is one way. I guess you must be two or more people working in the same family or maybe one has a very good well paid job. Its only then that inflation grip is slight. Thank you for your honest reply. I sure appreciate it.

This my friend is wishful thinking that things will improve. I can see only darkness in this tunnel and no light. Jobs are unavailable and recession is on. Wonder when things will improve, if ever. Not with these politicians filling their own pockets and not feeling the pinch. One must know where the shoe pinches, but the rich dont know the pinch, so dear, we are left to suffer. i suppose we have to grin and bear it, no other way.

You have a wise head over your shoulders dear, and yes, I understand you concept. However, you please be careful for this is the age to slip into a l ot of things we would not do otherwise. We hope things will work out for us and the next generation too.

Thank God for some happy replies. You and your husband have a philosophical outlook and Im sure it will see you through the thick and thin. Heres hoping thngs work out for the better in the near future.

Well said. Optimism is always the sunny side of the stree. Good luck freind. We all need it.

Yes apples, i too feel it so badly and what you say is absolutiely true. Sales are an eyewash. Hope things work out for the better.

The scenerio scares me no end. If this is the state of affairs today, what will be the state tomorrow with the financial crisis the world is facing. Inflation is on the rise and jobs are getting scarce or underpaid. Life is hard hit and we just have to hope for a better future for our old age and our children.

Very innovative di, and yes, it is in our hands to how much we can tighten our belts and yet live sensibly. I sincerely hope things work out, for now I cant even thing of vegetables costing as much as 80 to 100 a kilo, forget meat and the trimmings. Its only 15th, and my salary has already disappared and will have to draw from my hard earned savings. Pray for us too. Thanks for your very nice ideas.To be frank, I h avent seen a movie in ages and eating out is definitely out of question.

Living on a budget is just out of question. ive already spent my salary and its only the 15th, today. We do not waste anything as far as possible. Prices seem to be up for everything. Thanks for the reply.

Good for you and may it always be so. Just glad inflation hasnt affected you as much as it has us. You must be having a well paid job. Hope your company keeps doing well and paying you better and better to combat inflation.

Thank God for all the mercies in Life. At least you have a house and car that is paid for. I h ope things work out for the better and people at least have 3 meals in a day. Good luck friend, we all need it.

Lets all of us hope and pray the scenerio improves or we are all going to be hit harder and h arder daily. What with salaries not keeping pace with the inflation, it just becomes worse. God bless and good luck pal.

Just be careful with your money and keep it liquid. Do not invest in shares etc. One never knows what the future is going to be like. Hope you always do well and inflation does not touch you.

What makes no sense, my discussion or this inflation ??

I guess its a hopeless situation. The rich dont feel the pinch and the worst hit are the poor and middle class. I really dont know where to curtail any more. My salary does not meet my needs and we have to cut down on all but the basic necessities of life. Dont think matters will improve in the near future, what with the politicians minting money and not bothering about the likes of us.

I too am a single earner in my family, so I can understand the strain you must be undergoing. But how much can we cut down. We need the basic necessities of life and a certain standard of living. I too am despeerately looking out for other means of livelyhood, but what with the numerous scams, Im even afraid to invest what little I have. Thanks.

Everybody is hurt and unhappy, and the crisis has only just begun. We have been suffering from years together with little hope, and now with the recent crisis, its going to become worse and worse. We the middle class people are the worst hit, because we have to maintain a certain standard of living. The rich dont care and the poor are not bothered with standard of living. Pray things work out for the betterment of humanity at large. Thanks.