Inflation is my problem.
I am currently in a somewhat difficult financial situation. Although my wife, my daughter and I work, our income is not enough to cover all the family expenses. The main problem we are facing is that inflation is very high and our salaries are insufficient to cope with it.
We live on just enough, but we have to make some home repairs such as kitchen doors or an air conditioner.
If we go out as a family, we take home what we are going to eat during the trip to parks or shopping malls, all in order to reduce expenses.
In addition, we have the responsibility of supporting my mother-in-law's expenses, in terms of water, electricity, cable, telephone and food, which adds an additional burden to our finances. All of this has generated a great deal of concern in our household, as we are constantly struggling to make ends meet.
Photo by Joachim Schnürle in Unsplash
One of the biggest difficulties we face is the fact that, despite working hard, we do not see significant progress in our financial situation. We strive to save and manage our budget effectively, but the reality is that the prices of products and services continue to rise, making our income insufficient.
We like our jobs, as we have earned the respect of our bosses and co-workers, and we have realized that they are also suffering the consequences of the bad policies taken by the government in economic matters.
In this sense, I would like to be able to talk about the importance of having a fair and living wage, which allows us to cover our basic needs and have an adequate quality of life. It is essential that authorities and companies take into account the economic reality of working families, and that measures are taken to combat inflation and guarantee fair wages.
I believe it is important to make society aware of the importance of supporting those who find themselves in economic situations even more difficult than mine. Solidarity and empathy are fundamental to overcome the economic challenges we face as a society.
But today, the digital world offers numerous opportunities to generate additional income and improve our financial situation. One of these possibilities is to become a content creator on platforms such as Hive Blog, where you can share ideas, experiences and knowledge with a global audience and be rewarded for it.
Personally, I have found in Hive Blog a new way to generate income that has been a great help to my finances. As a content creator on this platform, I have the opportunity to write articles, share photos, videos or any type of content that is of interest to my audience. In return, I receive rewards in the form of cryptocurrencies, which I can then convert into fiat money or other cryptocurrencies on different exchanges, this has allowed me to turn a hobby into a sustainable and rewarding source of income.
Undoubtedly, this platform has been a great help to improve my financial situation and continue growing as a professional in the digital world.
Although creating content has helped me, I must say that I still lack sufficient income to cover family expenses.
High inflation and insufficient salary are the main problems we are facing right now. It is essential that measures be taken to guarantee a fair and living wage for all families, and that solidarity and mutual support be fostered in society. Only in this way will we be able to overcome together the economic challenges we face.
Thank you very much for appreciating my participation in the second selected topic of the week:
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Inflation is affecting us badly, I know how much I spent last month like it wasn't enough I had to remove money from my savings to balance things up if not I would starve and I don't want that.
As a single person it's hard then imagine those married with kids, how are they coping with the whole thing, it's crazy out here.
At home in one way or another we all work and every week the amount of expenses increases and here in Venezuela we are a country that has many resources and inflation should not exist, however bad economic policies have us earning basic salaries that barely reach 4 dollars. Some companies compensate this barbarism with additional bonuses, however the salary is not enough, that is why many people from my country emigrate to other countries to get a better future, many of us still hope that this will improve.
The issue of inflation vs small salary is bad, my country is currently facing thesame thing. Well, for now just manage the little you have, spend less and get only what is needed. I am glad you have hive as a side hustle to support what you earn from work, if you can introduce your family to Hive, I think it will also go a long way to help. If they can't do hive then they should look for another source of income that will be convenient for them.
And dont forget, no condition is permanent, the hardship will soon be over
I hope our situation improves, my daughter is a student and does translations on line, that helps us and my wife is about to retire from a government agency in the budgetary part. Lately she is selling pieces of cake to supplement her salary. Between all of us we do what we can so that this monster of inflation does not eat us.
This inflation issue and the kind of take home we have in the name of salary is quite disheartening. It's been a problem in my country that I wished God can just take it away.
Hello, I see that this is a worldwide problem, especially has a lot to do with bad policies, politics is supposed to manage the assets of the nation state, and tends to resolve conflicts within societies but unfortunately the opposite is done and families are the ones harmed.
Inflation is everybody's problem nowadays. I just tell in another post, how I studied till 59 years old and my salary went to allow me buy two cars a year, insurance, traveling to only a little part of my medicines.
A few years ago I earned a minimum salary and I could go to restaurants and resorts with my daughter and my wife, there was a lot of consumer credit, now at this time this type of credit has almost disappeared in Venezuela, and all because of the decrease in the ability to pay, here many people do not have enough money to buy medicines.
Yes, indeed I live in Venezuela I know exactly what you're talking about
I'm sorry to hear this. It seems to be happening every where. I worry for young people who haven't been able to get ahead because of it. I hope things improve for you..
It's sad to hear. It's a widespread issue. I worry for young people. Hope things get better for you
Three people working is not enough to support four people, is the reverse of what people say it was decades ago when one person could work and support a whole family, and I still see people say the economy is good because the stock market is good. The stock market doesn't reflect life for the majority! :(
En cuba la inflación anda por el mismo camino, todos los días o semanalmente se incrementa mágicamente el valor del dólar y por consecuencia todo los productos basicos se encarecen de manera vertiginosa.
La frase del día al saludar es: La cosa esta dura. La emigración se encontró como alternativa para salir de este infierno que se vive a diario.