Family financing in inflation

Hi dear, It is not only in China, everywhere the situation become a major issue for the people. A group of people are enjoying the life with its fullest and majority of the population are suffering and struggling from the up normalities in the social set up. We need to re-plan and realign all our life patterns to match with the present situations. Even I am thinking of the expenses models and everything to a different level of expenses with the current situations. If we go through the conventional way of life, we cannot live here anymore. The income and expenditure are not at all matching with the present situations. Cut out unwanted shopping, major purchases, reduce the wastage of food grains, all kind of additional expenses and ignore luxury and extravagance and all. By doing so, we can save a little more and it can help hold some money at the end of the month. Normal or ordinary people to change the style of life otherwise it will be difficult to manage a family in the coming years. Thank-s

Hi zhouxi, This is the scenario all over the globe. It only differs in degree. Though India is not yet in the similar position but of late price of food commodity have gone higher. Today I bought one kilogram of onion for Rupees 70/- almost one and half US dollar.

There is really no way to deal with this situation. I mean, you personally don't have an option. It's the government that can rein over inflation with its policies. However in case of developing nations there are some other factors that are contributing to the crisis. A large portion of these countries' GDP relies on outsourcing. The global market is not yet stable. It's still recovering from the recent meltdown. Different countries are experimenting with their monetary policies to get a grip over inflation. There is no straight forward way to deal with this problem and the ramifications are far more penetrating than one can imagine. When the entire country is incurring loss, how can its citizens gain from the deal?