Coping with Inflation || Strategies to Manage Rising Prices || HL contest_w61e2 by @eshafatima01
Every country is facing severe inflammation issues these days. The price of dollar is increased highly that it never happened before. All the problems are fir common man because official's are enjoying their lives fully. I believe that all the problems started from financial issues. When economy disturbed, ultimately the situation of any county will worse.
I lived in Asian country, Pakistan and I loved my country with whole heart but due to political instability the situation of our country is unexplainable. Our former prime minister Imran Khan has been arrested illegally and put him into jail. The imported government make thr situation worst. Now supporter's are protesting. Some of them are protesting peacefully but mostly illetrate people are throwing stones on police officers, burning cars etc so all these things will definitely affect on our economic situation.
As everyone knows pandemic of COVID-19 had it's severe impacts on every country but specially the 3rd world countries like Asian countries faced worst impact's. Millions of people lost their jobs due to this and unemployment ratio increased. So, in my country worse situation started from COVID pandemic. It's getting worse since than. Major inflation started from covid 19 and since than we as a nation faced these financial issues. Prices of rice, flour, sugar and even soaps are increased surprisingly. A common man is unable to eat 2 times a meal in a day. In these severe situations we have to make strategies for how to survive. A common man whose salery is 40k is living hand to mouth. So we have to be prepared and cope with the situation wisely.
Strategies
1:_ Budgeting
Making budget friendly plan is really Important. It's necessary to manage our expenses within our budget. When budget line exceeds, problems created. We need to understand that our desires should be according to our financial situation. I can understand that everyone wants a good lifestyle. Everyone desired that he/she can wear expensive brand clothes and sometimes we compared ourselves to other's but this is not a wise thing. We should be thankful to God for what we have. But we need to make more efforts for making our lifestyles better.
Reduce Expenses
I know inflation is increasing day by day but we have to live with these critical situations because we have no other options. We have to reduced our expenses to cope with this situation.
Increase your income
Well, this is not for everyone but we all should make effort's to increase our income. When income increases, worries became less. Some people work under official's generation by generation, this is what need to be solved. We need to understand that we are not servants, we are civilian's and living in a respectable society where respect is for everyone. So it's not like that if a father is a security guard in a school or college then it's son or daughter will faced the same. His son or daughter can be an officer. This is the major problem in my country where minds are behaving like servants.
Savings
Savings are necessary. Without it happiness is impossible. Savings are helpful in every situation. So save your money for difficult times.
Here are some of my suggestions which will surely help us to cope with the situation.
Regards;
@eshafatima01
