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Title: How to save as food inflation jumps more than 11% in a year Post by: Hydrogen on September 15, 2022, 11:26:56 PM Quote
Going to the grocery store isn’t getting any cheaper. Rising food costs helped push inflation higher again last month, despite a drop in gas prices. The food index alone rose 11.4% over the past year, according to the latest consumer price index figures — marking the biggest 12-month jump since May 1979. The food-at-home index, a measure of price changes at the grocery store, increased 13.5% — also a 43-year high. In the face of higher prices, consumers have been cutting back, according to Mark Hamrick, a senior economic analyst at Bankrate.com. However, “food, at its basic level, is not discretionary,” he said. “That’s the challenging aspect of the circumstances we are in.” Prices for staples like eggs, milk, cereal, bread and butter notched some of the largest increases, further straining household budgets. Inflation has also led many food and beverage companies, including Coca-Cola and PepsiCo, to raise the prices on drinks and packaged goods. Some are also making their packages smaller — also known as “shrinkflation” — or swap in less expensive ingredients, a tactic now termed “skimpflation.” “Grocery product manufacturers know that while most shoppers will immediately notice a price increase, they are less likely to catch a reduction in a product’s net weight or a switch to using cheaper ingredients,” said Edgar Dworsky, the founder of Consumer World, who has been tracking the downsizing of popular products, such as Charmin, Quaker Instant Oatmeal and Honey Bunches of Oats. The Federal Reserve has already taken aggressive steps to fight surging inflation, and a survey released earlier this week by the New York Fed showed consumers are growing less fearful about rising prices — although they still expect the inflation rate to be 5.7% a year from now. “Consumers are prepared for high prices to persist in the foreseeable future, but there’s also a tendency for people to think that things might return to normal,” Hamrick said. In the meantime, “it’s prudent for individuals to continue to be cautious with their household budgets,” he added. To that end, savings experts share their top tips to spend less on groceries as food inflation shows no signs of slowing down anytime soon. “It’s belt-tightening time and has been for a while,” Hamrick said. 5 tips for saving on groceries 1. Scrutinize sales. Generic brands can be 10% to 30% cheaper than their “premium” counterparts and just as good, but that’s not always the case. Name brands may be offering bigger-than-usual discounts right now to maintain loyalty, so it pays to pay attention to price changes. 2. Plan your meals. When you plan your meals in advance, you’re more likely to just buy the things you need, said Lisa Thompson, a savings expert at Coupons.com. If planning’s not your thing, at least go shopping with a rough idea of what you’ll be cooking in the week ahead to help stay on track and avoid impulse purchases, she added. 3. Buy in bulk. When it comes to the rest of the items on your list, you can save more by buying in bulk. Joining a wholesale club such as Costco, Sam’s Club or BJ’s will often get you the best price per unit on condiments and nonperishable goods. 4. Use a cash-back app. Ibotta and Checkout 51 are two of the most popular apps for earning cash back at the store, according to Julie Ramhold, a consumer analyst at DealNews.com. The average Ibotta user earns between $10 and $20 a month, but more active users can make as much as $100 to $300 a month, a spokesperson told CNBC. 5. Pay with the right card. While a generic cash-back card such as the Citi Double Cash Card can earn you 2%, there are specific grocery rewards cards that can earn you up to 6% back at supermarkets nationwide, such as the Blue Cash Preferred Card from American Express. CNBC’s Select has a full roundup of the best cards for food shopping along with the APRs and annual fees. https://www.cnbc.com/2022/09/15/how-to-save-money-as-food-inflation-jumps.html .... Although I consider myself an optimist. I hope I can still identify as much in thinking this sounds serious: Quote The food-at-home index, a measure of price changes at the grocery store, increased 13.5% — also a 43-year high. 2022 - 43 = 1979. So it seems the previous record was made in the 1970s. We're breaking records. Although not the type of records we would like to be breaking. How do we turn things around? Is there anything constructive we can do? How do people address these types of situations on a personal level? While growing food may not be feasible for residents of cities. Is it possible to lease land in rural areas on city outskirts for purposes of food growing? Perhaps rural land near cities can be leased for city residents to house chickens, goats and livestock on a timeshare or communal basis? High food prices have to be a concern for many. Which one might think would cause people to seek alternatives or devise solutions. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Poker Player on September 16, 2022, 03:31:06 AM To me you pose the question incorrectly, misrepresented. In the current situation, to beat inflation can be done in two ways, saving, as you say, or increasing income above 11%, which is the preferable one in my opinion.
In other threads I have commented that a year ago, which is when inflation began to be noticed, before the war, my income increased, and this has meant that in spite of this inflationary period I have been able to spend more and save more. It is not an easy thing and not everybody can do it. If you can't increase income, cut back on expenses, yes, but at least try, think about increasing income. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: dansus021 on September 16, 2022, 03:37:06 AM well yes we can use some sort cashback app or good credit card but still inflation the inflation will still eat us if we don't have investment or extra income :'(
in fact the inflation rate is crazy since dollar has been de-pegged from gold standard in 1970 https://static.seekingalpha.com/uploads/2020/8/7/saupload_5f2c2c94c1d77e4049b7a9d7_Purchasing_20Power_20Index_20of_20Gold_20In_20the_20U.S._20_1800_3D100_.png Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Darker45 on September 16, 2022, 07:19:31 AM Although it is indeed advisable to grow and raise your own food, many people in urban areas simply can't do that for lack of space. And although they could afford to rent or lease a piece of land on the outskirts for the said purpose, many probably don't have the time for it. After all, it requires commitment.
Raising crops and growing animals for food entail responsibilities which I'm afraid many of the working people in cities couldn't afford to take. As a matter of fact, majority of the working class in my country work 6 days a week. The only day which is supposed to be their rest day isn't even enough to take care of household chores which they couldn't attend to during weekdays. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: pooya87 on September 16, 2022, 08:50:00 AM How do we turn things around? Is there anything constructive we can do? How do people address these types of situations on a personal level? There is a global food war going on and the only way things would turn around is if that war ends.Quote While growing food may not be feasible for residents of cities. Is it possible to lease land in rural areas on city outskirts for purposes of food growing? Perhaps rural land near cities can be leased for city residents to house chickens, goats and livestock on a timeshare or communal basis? Crops don't just grow on themselves, livestock don't just flourish and give you product automatically. You'll have to work on the land for all of it. A city resident has a job in the city and can't just go work in a field every day.If you mean buying the land and hiring the farmers, they are already doing that and it is called capitalism which is one of the reasons why the food war is harming food security. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: $anounimus$ on September 16, 2022, 09:45:55 AM As with most things in life, the solution does not lie in reckless haste or drastic action but must focus on long term for long-term solutions. This is not only the responsibility of the government, ourselves, and our families as well.
Overall, if we want to tackle inflation, we have two choices: work harder, or work smarter. It may sound trite or ungodly to say this - but if we are willing to put in the time and effort, we can do a lot for ourselves and our families. In the same way, by working smarter, you get what you need from the best of every world - people and facilities. Only time will tell whether our predictions will come true, but there are things we can do now that might help. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: davis196 on September 16, 2022, 10:36:41 AM How to beat food inflation:
1.Eat less. ;D Fasting is good for our health(even though I hear that some experts say that fasting is bad for our health). I don't know anything about nutrition and endocrinology. 2.Raise your own fruits and vegetables in your own garden or piece of land. The costs of doing agriculture are raising as well. The fall/winter are coming and you can't raise vegetables right now. :( 3.Increase your income. Get a promotion and a higher salary. Grow your small business. I can't give any particular advise about how to do that. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Lucius on September 16, 2022, 10:42:33 AM The problem with inflation and consequently the price of food is not something that affects all people in the world equally, so there is no universal solution. The most affected will be those who live in urban areas and belong to the lower middle or lower class, because their purchasing power is constantly weakening, and they are not among those who have the opportunity to cultivate the land/keep livestock, and they are not even in the category of those who have savings.
All the others will somehow adapt, and will that mean that we will eat less or use cheaper products? Probably the latter, but I also know that the majority will still decide that food (enough food) is a priority, and that we will have to give up some things - alcohol, cigarettes, coffee, going to the cinema, pointless car rides... Everything we save can be redirected to food, and I don't see any other way in terms of a short-term solution. In the long term, the only solution would be for people to turn to self-sustainability as much as possible, but that would require radical changes in the way we live. When we look at the fact that the majority of young people run away to the cities and do not want to do hard work, then we cannot expect things to get better today. People who wonder why a product has increased in price by 100% or why it is not on the shelf at all, should know that all these products are not created by magic but by hard work - less labor force, poisoned and barren land and supply chain interruptions are just the consequences of global orientation of the world in the wrong direction. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: kryptqnick on September 16, 2022, 11:50:20 AM I think the situation is different depending on a country. What may be shocking for developed countries can be something typical for people from developing countries. I'm no stranger to high inflation rate. In my experience, making lists of things to buy, paying attention to discounts and planning meals in advance are all good things. But it's also important to stay open-minded. Maybe the product you used to buy very often is now much more expensive. You should look around the shops and see if there's something cheap that you haven't tried before. Do your research on that, and which meals can be cooked with something you haven't tried before. Also, don't be afraid to look at what used to be those very expensive things you normally didn't buy: there's a good chance some of that out-of-reach stuff isn't that expensive anymore, considering how much the prices changed for other things.
And yes, you'll spend more money that you used to, so you should think about where you can earn more money or where you can reasonably cut down spending. But it won't be as devastating as you initially assumed. Especially with such a low increase as 13.5%. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Maus0728 on September 16, 2022, 12:19:23 PM I don't know if this applies to everyone especially in other countries but I normally prepare my meals over the course of the week in to reduce my food expenses.
I have an active fitness lifestyle so my diet consists of full, high-protein meals like eggs, chicken breast, and pork tenderloin. With a little creativity, you can bring good and healthy food to the table without spending a fortune. Probably, you would likely spend $6–10 on food preparation for the entire day. Buying whole foods that are very filling, like sweet potatoes, is another pro tip. Not only is this a healthier choice, but it may also enable you to eat less throughout the day. Additionally, we have a wetmarket where food supplies are much less expensive than in a supermarket. Again this is pretty much a workaround from a 3rd world country, the food prices and the availability of the products in other countries is highly likely different. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: BlackHatCoiner on September 16, 2022, 12:36:47 PM Unfortunately, saving becomes less effective. My plan is to save bitcoin, as I expect it to rise in the future, but I could never convince it's safe. I do think it's the safest option, though.
Crops don't just grow on themselves, livestock don't just flourish and give you product automatically. You'll have to work on the land for all of it. And therefore, you need energy. Without energy, you can't grow food, regardless of your land or workers. And what's rising in market value exponentially currently is energy. Everything in the end is energy. Food, technology, humanity. If energy gets more expensive, everything becomes harder to accumulate, humans included. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Wapfika on September 16, 2022, 02:10:43 PM Government should help fund these initiatives to combat the inflation. Even if it's possible, growing food whether it's livestock or fruits & vegetables is not that easy as you think. You will still spend some money before you can harvest them for some consumable products. Local farmers should also be compensated well because they have the proper knowledge in doing those stuffs to raise it properly. People should learn how to go back in the basic, like having their own little farm in their backyard or learn how to redo or reinvent leftover foods. It’s right that farmers should be paid right and be supported by the government to supply the need of their country and to not rely in the supply of other countries. If people can’t find way to increase their income flaw better they find ways or alternatives to the high cost ingredients. Learn to adjust or learn other skills that can help to find extra source of money.Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Solosanz on September 16, 2022, 02:25:35 PM I think if food price are soaring, it means it's better if you start to grow mini garden where you plant some veggies for personal consumption. At least you can survive during high inflation even though you're become a vegetarian lol.
11% inflation is really high, any banks can't even give you return for 11% per year, it mostly around less than 1%. This is why holding fiat currencies will make you become poor, while smart people will invest their money to other assets in order to hedging against inflation. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: el kaka22 on September 16, 2022, 07:20:35 PM These are not solutions, solution is to have a pay-to-food ratio that is reasonable. If people have to follow these methods to not go bankrupt on food alone, then the economy is screwed, and we can't really survive for far too long with this method.
Just have a salary that would be good enough for you to pay for basic needs, like shelter and food and clothing, and then you should have a bit more leftover, if your money is not even enough for these three, then you are going to face the fact that no savings, no apps, no bulk, nothing will be good enough because people do deserve a life better than what is offered right now, a life where we need to do these when we work so hard, is not acceptable. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Gyfts on September 16, 2022, 07:56:19 PM Discloser that this not meant to be a long term solution or solution for urban residents: Self sustenance through gardening is an idea that I ridiculed in the past because I believe it to be an unreliable source of food. As in, what people could be agriculturally inclined and start a garden that would be diverse enough to sustain a family?
Turns out it would it's a whole lot easier than people might think, the primary limiting factor is land availability. Once you've sourced the seeds, the land/soil conditions can be an obstacle. If you're willing to put in the work, the idea isn't so outlandish. Would save on your grocery bills, and probably taste better than the processed junk they have in stores anyways. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: livingfree on September 16, 2022, 08:33:53 PM Buying in bulk is what we've been doing for years but it's really hitting us and the budget that I've got for food is no longer that satisfying anymore. If I want to buy more, I'll add more to my budget but things are different today and inflation really sucks.
That's why instead of buying bulk, I only buy those necessary groceries that we need. And with cooked food, we've got some stores in here that sells cooked food, not restaurant and fast food. But smaller ones and they're cheaper than the typical. I'll be testing this strategy if we'll be able to save since we're tight on budget. Hopefully, this is going to work for my family. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: The Sceptical Chymist on September 16, 2022, 08:37:58 PM 2022 - 43 = 1979. So it seems the previous record was made in the 1970s. We're breaking records. Although not the type of records we would like to be breaking. Yep, that was before my time and before the times of many members here, I'm sure--but I know about that period and what happened with the stock market once the inflationary crisis was over. This time around, however, we're having a spike in inflation along with a stock market that's been on a bull run for well over a decade. That hadn't been the case in the 70s. The massive bull market that followed the inflation started somewhere around 1982 and continued up until 2000, when the NASDAQ (and subsequently the other indexes) crashed. If and when inflation decreases to acceptable levels, I'm not sure what's going to happen to the markets, including crypto. It's kind of scary. Another thing is that in the 70s, interest rates were much higher than they are now, IIRC, so people could actually hedge against inflation somewhat simply by opening up a savings account at their local bank. That hasn't been possible (at least in the US) for a long, long time. I'm not sure how people have been trying to hedge, if they've been doing so at all. Precious metals? Maybe, but that market has been relatively stagnant since 2011 when it peaked. Stocks? Probably, which is why the bull market has lasted this long. But man....the result is that most stocks right now are overpriced, and I've been predicting a massive crash for a few years now. I still think it's coming, and it's going to be brutal. The best way to fight food inflation IMO would be to stock up on as much food right now as possible (nonperishable foods, obviously). Everything else is a crapshoot. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Lanatsa on September 16, 2022, 08:55:26 PM Buying in bulk is what we've been doing for years but it's really hitting us and the budget that I've got for food is no longer that satisfying anymore. If I want to buy more, I'll add more to my budget but things are different today and inflation really sucks. If you are talking about those cooked food and trying to sustain or make use of that method then i would tell you this that it is more expensive not only on the sense that stores will definitely be making those pricesThat's why instead of buying bulk, I only buy those necessary groceries that we need. And with cooked food, we've got some stores in here that sells cooked food, not restaurant and fast food. But smaller ones and they're cheaper than the typical. I'll be testing this strategy if we'll be able to save since we're tight on budget. Hopefully, this is going to work for my family. higher considering the ingredients are becoming more expensive.We know that inflation affects everything so there's no way that you could avoid that.It is really much better to cook your own food rather than on keep buying because it would really be resulting into more expense rather than on saving up.In overall if you do find yourself having problems then it would be wise on having consideration on trying your best on finding other source of income aside from your current job atm. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: bittraffic on September 16, 2022, 09:16:11 PM Supply of the products I think is still flowing there is just inflation where we find the price too much. To save I guess you can just take 2 meals a day like a Brunch at 10:00 AM, that is like fasting. Or just do some diet at least this is good for your health. But still, stock up on some food before the price goes way higher than the last time you check. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Mauser on September 17, 2022, 02:41:36 PM I have been looking into ways to save money when buying groceries since February. The best option for me so far is looking cheap promotions and then buy in bulk. Fresh products are the most healthy, but also the most expensive. Switching for dried and canned goods helped me to save some money, but this I only do for some meals per week and rest of the week I try to eat fresh vegetables. Cash back apps looked promising at first, even though I was using many coupons my total cash back in more than 6 months is only 6.50 USD. The problem is that not all supermarkets are taking part in the same cash back systems. In my city there are 4 different big supermarket chains. Each one offers different promotions each week. The most money I can save now by checking Mondays morning where which products are on discount and then I buy accordingly. And whenever products have an expiration date of more than 6 months I buy the largest package possible as they are usually the cheapest per weight. Budgeting for food and being more aware of prices helped me a lot to try and keep my grocery bills more constant during the rising food prices.
Title: Re: How to save as food inflation jumps more than 11% in a year Post by: AicecreaME on September 17, 2022, 03:12:50 PM Although it is indeed advisable to grow and raise your own food, many people in urban areas simply can't do that for lack of space. And although they could afford to rent or lease a piece of land on the outskirts for the said purpose, many probably don't have the time for it. After all, it requires commitment. Raising crops and growing animals for food entail responsibilities which I'm afraid many of the working people in cities couldn't afford to take. As a matter of fact, majority of the working class in my country work 6 days a week. The only day which is supposed to be their rest day isn't even enough to take care of household chores which they couldn't attend to during weekdays. I agree. However, raising crops and animals does also gonna cost you a lot, fertilizers, feeds, and other needs of those two are affected by the inflation, so even in the rural areas, inflation is also a problem to the society. Privileged people are the only one who could easily survive inflation, because those people who are living from paycheck to paycheck, no permanent source of income, blue-collar jobs with low salary and in on-call basis only, are cannot be advice to do the "look for higher income", because it's not easy, especially if they have a very corrupted Government that doesn't have any plans on how to solve the inflation problem going on. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: lizarder on September 17, 2022, 05:05:10 PM The best way to fight food inflation IMO would be to stock up on as much food right now as possible (nonperishable foods, obviously). Everything else is a crapshoot. The cause of inflation is usually due to an increase in demand for a certain type of goods or services. When demand increases while the stock of goods available is not sufficient, there will be an increase in prices.I've heard economists say that one way to suppress inflation is to stockpile basic foodstuffs, because these are needs that must be met and everyone must and is compelled to buy. I also have the idea of keeping inflation lower, assuming that each head of household collects basic necessities for as long as he can. For example, where we live the main food is rice, so what has to be stockpiled is rice as the raw material for rice, because without rice it will be difficult for people to survive, while the side dishes can be adjusted. Inflation is caused by several things, natural disasters, wars between countries and also caused by Distributors, because they know when demand increases they can sell at a higher price, so hoarding rice is a way to make a profit. Regardless of the impact and risks that will be experienced by many people, it is appropriate to suppress inflation by hoarding as much basic commodities as possible. Thus, when basic commodities are available to the public, the prices of these goods will automatically fall by themselves, so that Distributors will resell these staples at standard prices. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: livingfree on September 17, 2022, 09:42:42 PM Buying in bulk is what we've been doing for years but it's really hitting us and the budget that I've got for food is no longer that satisfying anymore. If I want to buy more, I'll add more to my budget but things are different today and inflation really sucks. If you are talking about those cooked food and trying to sustain or make use of that method then i would tell you this that it is more expensive not only on the sense that stores will definitely be making those pricesThat's why instead of buying bulk, I only buy those necessary groceries that we need. And with cooked food, we've got some stores in here that sells cooked food, not restaurant and fast food. But smaller ones and they're cheaper than the typical. I'll be testing this strategy if we'll be able to save since we're tight on budget. Hopefully, this is going to work for my family. higher considering the ingredients are becoming more expensive.We know that inflation affects everything so there's no way that you could avoid that.It is really much better to cook your own food rather than on keep buying because it would really be resulting into more expense rather than on saving up.In overall if you do find yourself having problems then it would be wise on having consideration on trying your best on finding other source of income aside from your current job atm. This is just a temporary solution that I've found out and will test on how long I'll be doing this. Because if I didn't save doing this with that amount per meal then I'll go back to the usual thing of cooking our own food. Anyway, the usual amount of meal we do is around $2+ plus the gas and electricity of each meal for cooking. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: trendcoin on September 17, 2022, 09:48:01 PM My first priority was to give up fast food consumption and the habit of eating in special places such as restaurants. In addition, I follow the discount days for grocery shopping. Also, I've reintroduced old methods such as canning into my plans. I can't do anything more. What I can do about it is limited because after all, I cannot go hungry. :)
We can somehow overcome the energy crisis by making more effort and avoiding a little extravagance, but there is nothing we can do about issues like climate change. The energy crisis should remind us of the issue of climate change and enable us to take action against it now because global crises are creating problems beyond predictable events. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: lucates on September 20, 2022, 03:43:57 PM Price rises are hurting everyone everywhere in the world. The whole of South Asia, for instance, is struggling with inflation. In the US, inflation with food prices jumping is the biggest one-year increase since 1979. The rising cost of food forces tough choices. The problem of food insecurity faces most of the countries. It's happening due to a combination of domestic and international factors. Inflation is out of your hands, so only our personal actions make things better and save household income. Budgeting and financial discipline will save us these days.
Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Yatsan on September 21, 2022, 02:23:34 PM My first priority was to give up fast food consumption and the habit of eating in special places such as restaurants. In addition, I follow the discount days for grocery shopping. Also, I've reintroduced old methods such as canning into my plans. I can't do anything more. What I can do about it is limited because after all, I cannot go hungry. :) It is quite sad that people have to adjust their budget even with food, which is essential to human beings. This is simply how bad the situation we are or most of the people are experiencing. But to be back to the topic, Avoiding fast food chains on a regular basis would be really helpful in saving, it would be much better to cook at home. But still, if the prices of the raw ingredients are also affected, savings won't be enough to cope up with expenses, counrry leaders should really move to aid the situation for real.We can somehow overcome the energy crisis by making more effort and avoiding a little extravagance, but there is nothing we can do about issues like climate change. The energy crisis should remind us of the issue of climate change and enable us to take action against it now because global crises are creating problems beyond predictable events. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Inspiron14 on September 21, 2022, 02:35:53 PM My first priority was to give up fast food consumption and the habit of eating in special places such as restaurants. In addition, I follow the discount days for grocery shopping. Also, I've reintroduced old methods such as canning into my plans. I can't do anything more. What I can do about it is limited because after all, I cannot go hungry. :) That is finest approach - giving up on fast food - we did the same We can somehow overcome the energy crisis by making more effort and avoiding a little extravagance, but there is nothing we can do about issues like climate change. The energy crisis should remind us of the issue of climate change and enable us to take action against it now because global crises are creating problems beyond predictable events. Me and my brother was very fond of eating fast food. We gained so much weight - but now we held our hand and reduced so much weight only by clean eating. switch to a cheaper product i think it needs to be done, Actually there are many ways not to be wasteful in spending Title: Re: How to save as food inflation jumps more than 11% in a year Post by: worldofcoins on September 21, 2022, 02:42:56 PM How to beat food inflation: 1.Eat less. ;D Fasting is good for our health(even though I hear that some experts say that fasting is bad for our health). I don't know anything about nutrition and endocrinology. I know fasting is good for heath but I'm unsure which experts said that it's bad for heath, it's you accepted that you don't know much about nutrition and endocrinology. How to beat food inflation: 2.Raise your own fruits and vegetables in your own garden or piece of land. The costs of doing agriculture are raising as well. The fall/winter are coming and you can't raise vegetables right now. :( Indeed, research shows that eating heathy meal including veggies are good nutritionwise compared to only eating junk food like burger, parties, etc. How to beat food inflation: 3.Increase your income. Get a promotion and a higher salary. Grow your small business. I can't give any particular advise about how to do that. Increasing income can be a hard option for those who're not very good at the skill they get paid for unless it's otherwise I wouldn't mind agreeing to your point. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: darewaller on September 21, 2022, 04:01:00 PM Price rises are hurting everyone everywhere in the world. The whole of South Asia, for instance, is struggling with inflation. In the US, inflation with food prices jumping is the biggest one-year increase since 1979. The rising cost of food forces tough choices. The problem of food insecurity faces most of the countries. It's happening due to a combination of domestic and international factors. Inflation is out of your hands, so only our personal actions make things better and save household income. Budgeting and financial discipline will save us these days. Food shouldn't have been like this, I understand other stuff, do not be able to buy a car easily, buy a house, buy a new playstation, buy a new phone, whatever that is deemed luxury to be fair, whatever is not needed for you to continue your living, but food is literally the bare bottom what we need, it is even more important than shelter, you could be a homeless person and still would need money.This is why I personally feel like the best thing we could do is invest into food industry by governments, our taxes would be going into building a lot more farms and a lot more stuff, I personally would be fine with it, it allows me buy food cheaper, so the tax I lose, gained as cheaper food prices. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Joshapat on September 22, 2022, 07:21:31 AM The most common inflation is food inflation, if it occurs with inflation in electronic, automotive or other products, this is not too problematic, but if what happens is food inflation it will be difficult to control and of course there is nothing we can do, maybe Just focus on increasing income.
Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Betwrong on September 22, 2022, 09:26:43 AM To me you pose the question incorrectly, misrepresented. In the current situation, to beat inflation can be done in two ways, saving, as you say, or increasing income above 11%, which is the preferable one in my opinion. In other threads I have commented that a year ago, which is when inflation began to be noticed, before the war, my income increased, and this has meant that in spite of this inflationary period I have been able to spend more and save more. It is not an easy thing and not everybody can do it. If you can't increase income, cut back on expenses, yes, but at least try, think about increasing income. I agree with this. It can be not an easy task to increase your income, but cutting back your expenses is always possible. If food costs have increased by 11%, you should start buying less food. And not much less, but just 11% less. It's possible that you will feel healthier even after eating less, right? ... Well, I know it's not that simple, especially for people living in the poorest countries in the world, they were already eating less than they should, but for those living in rich Western countries eating less can be a good thing. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Hodoor on September 22, 2022, 09:32:28 AM I don't think buying food and stocking is a good idea if that's what you mean, the best way around this is to live below your means and add some other cash flows.
Title: Re: How to save as food inflation jumps more than 11% in a year Post by: CapGelatik on September 22, 2022, 10:14:31 AM The most common inflation is food inflation, if it occurs with inflation in electronic, automotive or other products, this is not too problematic, but if what happens is food inflation it will be difficult to control and of course there is nothing we can do, maybe Just focus on increasing income. This happens because the price of basic commodities continues to increase and it is beyond our control.in the midst of current conditions where the global economy is not doing well, of course this makes it difficult, increasing income is also not that easy and indeed we need to work harder Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Sithara007 on September 22, 2022, 10:33:21 AM That is finest approach - giving up on fast food - we did the same Me and my brother was very fond of eating fast food. We gained so much weight - but now we held our hand and reduced so much weight only by clean eating. Healthy food is always more expensive when compared to fast food. And that is why fast food consumption goes up whenever there is an economic downturn. Here in India, I can get a chicken-cheese burger for less than $1. But full meals (with boiled rice or bread) will cost at least twice that much. Even salads, cereal bars and cut fruits cost here more than a burger. If you are capable of cooking at home, then it maybe a different scenario. But then again, cooking gas prices are increasing. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: jrrsparkles on September 23, 2022, 06:38:40 AM I don't think buying food and stocking is a good idea if that's what you mean, the best way around this is to live below your means and add some other cash flows. I agree with the point, increasing of income will be best choice to tackle the inflation rate but if we wre talking about everyone living in a country or State then we have to suggest the best possible ways. Buying groceries bulk can reduce the cost 10 to 15% but we need money to buy them at first.Many of us forget why every prices are getting higher is due to the increase of fuel price so if government is ready to lose some of their tax revenue from oil and gas then prices of every goods can be under the limit for a while. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Silberman on September 23, 2022, 08:27:25 PM I don't think buying food and stocking is a good idea if that's what you mean, the best way around this is to live below your means and add some other cash flows. I agree with the point, increasing of income will be best choice to tackle the inflation rate but if we wre talking about everyone living in a country or State then we have to suggest the best possible ways. Buying groceries bulk can reduce the cost 10 to 15% but we need money to buy them at first.Many of us forget why every prices are getting higher is due to the increase of fuel price so if government is ready to lose some of their tax revenue from oil and gas then prices of every goods can be under the limit for a while. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Falconer on September 23, 2022, 08:56:32 PM I don't know how to manage my finances in the best way during this inflation other than being frugal not to spend too much money on things that are not urgent. Inflation has messed up a lot of my investment plans so far, but I'm trying to stay focused on that plan even though it's actually a bit inconsistent.
10% of my total income can still be saved for savings, sometimes I can't do it consistently every month but I can accumulate it the next month for 20%. This strategy may vary from person to person, but so far I haven't had too many problems. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: KingsDen on September 23, 2022, 09:08:17 PM I don't know how to manage my finances in the best way during this inflation other than being frugal not to spend too much money on things that are not urgent. Inflation has messed up a lot of my investment plans so far, but I'm trying to stay focused on that plan even though it's actually a bit inconsistent. 10% of my total income can still be saved for savings, sometimes I can't do it consistently every month but I can accumulate it the next month for 20%. This strategy may vary from person to person, but so far I haven't had too many problems. The rate of inflation is very high and worsens day after day. Before you could use your savings, the purchasing power of your savings would go way below expectations. I have decided not to save anymore. Even emergence savings I will not have. I will use my money to be buying bitcoin and then buy properties, when there is an emergency need, I'll sell one of my properties and take care of the emergency. The way the economy and economics is going, I can say that the future is absolutely very unpredictable . Title: Re: How to save as food inflation jumps more than 11% in a year Post by: AmoreJaz on September 24, 2022, 11:59:32 PM I don't know how to manage my finances in the best way during this inflation other than being frugal not to spend too much money on things that are not urgent. Inflation has messed up a lot of my investment plans so far, but I'm trying to stay focused on that plan even though it's actually a bit inconsistent. 10% of my total income can still be saved for savings, sometimes I can't do it consistently every month but I can accumulate it the next month for 20%. This strategy may vary from person to person, but so far I haven't had too many problems. The rate of inflation is very high and worsens day after day. Before you could use your savings, the purchasing power of your savings would go way below expectations. I have decided not to save anymore. Even emergence savings I will not have. I will use my money to be buying bitcoin and then buy properties, when there is an emergency need, I'll sell one of my properties and take care of the emergency. The way the economy and economics is going, I can say that the future is absolutely very unpredictable . I have stopped going for window shopping and it has saved so much of my money but you are not spending if you are only doing window shopping, right? ;) anyway, if you want to cut down your expenses, you need to observe your daily activities and where you are spending your money. assess if it is necessary to buy or not. as you said, stop eating junk, you can always prepare your own food at home and not order outside. if you will think about it, you can only cut your expenses if you know where your money is going to. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Jatiluhung on September 25, 2022, 12:57:40 AM In a condition of worsening economic crisis. and when inflation is rising. I think for some people it must be difficult to save their finances. even the allotment of saving is reduced or even unable to save at all.
but I think an alternative way is always there. if you are more observant in paying attention to market prices, especially in food prices. then you will find a price gap that is in the market and the price sold from farmers directly. then there is also the gap between instant food and raw food that needs to be processed. This is where we need to make changes in our habits of life. especially in terms of shopping for our daily food needs. if you usually buy instant food which is relatively more expensive. can be 2x-3x the original price of the food before processing. then reduce or stop buying instant or ready-to-eat foods. and make it a habit to buy raw materials that need to be processed yourself. in the markets actually a lot of raw food sold. which is relatively cheaper. and if you have an acquaintance of a farmer. then buying from farmers directly for stock will be much better. because you will save more money. although indeed in its processing you need a little hard work. but that way you can still save and save money when inflation is rising today. I found the fact that even though the price of fertilizer was getting higher, the selling price of food from farmers did not experience a higher increase. and if you know the fact that the price of food in the market is 3x the price of the direct farmer. there are still many ways to save money in this time of inflation if we want to find an alternative way. Moving to the countryside is also a very good thing. because the price there is much cheaper in terms of food because it is directly from farmers. we can also grow crops there. and we are also easy to find firewood. when gas reserves run out. so we can also save energy. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Falconer on September 25, 2022, 05:37:27 AM The rate of inflation is very high and worsens day after day. Before you could use your savings, the purchasing power of your savings would go way below expectations. I have decided not to save anymore. Even emergence savings I will not have. Each user has a different way of managing their finances regardless of whether it is viewed as good or bad by other users. I like investing in gold over property, it has been an investment asset option that I have considered for a long time. Savings is only for emergencies because actually I don't really ignore this centralized system of fiat.I will use my money to be buying bitcoin and then buy properties, when there is an emergency need, I'll sell one of my properties and take care of the emergency. The way the economy and economics is going, I can say that the future is absolutely very unpredictable. I know inflation has drained a lot of its value, it's too bad. However, I have not been able to get rid of the dependence on using fiat in my daily life. The situation will improve, the economy will return to normal and I believe inflation will decrease at the individual and national level when we know how to manage spending well. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Ultegra134 on September 25, 2022, 07:19:33 PM The rate of inflation is very high and worsens day after day. Before you could use your savings, the purchasing power of your savings would go way below expectations. I have decided not to save anymore. Even emergence savings I will not have. Each user has a different way of managing their finances regardless of whether it is viewed as good or bad by other users. I like investing in gold over property, it has been an investment asset option that I have considered for a long time. Savings is only for emergencies because actually I don't really ignore this centralized system of fiat.I will use my money to be buying bitcoin and then buy properties, when there is an emergency need, I'll sell one of my properties and take care of the emergency. The way the economy and economics is going, I can say that the future is absolutely very unpredictable. I know inflation has drained a lot of its value, it's too bad. However, I have not been able to get rid of the dependence on using fiat in my daily life. The situation will improve, the economy will return to normal and I believe inflation will decrease at the individual and national level when we know how to manage to spend well. Purchasing properties and investing in gold during this crisis is really hard but still a wise idea. We shouldn't disregard the idea of saving and investing even if we are in the midst of this global crisis. It's still necessary that we'll have enough preparation for the future. Surviving might be hard during this period but it will be harder if the situation gets worse and we are not even prepared so as much ss possible, we must find more ways to double our earnings and to increase our savings because we still don't know what will tomorrow bring. I've been unable to save as much as I used to due to everything being so expensive nowadays. Even though I've cut most expenses in half, the money being put aside is significantly less compared to last year. I would like to invest in Bitcoin, but I'm on a budget and wouldn't like to take risks. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: justdimin on September 25, 2022, 09:55:10 PM The rate of inflation is very high and worsens day after day. Before you could use your savings, the purchasing power of your savings would go way below expectations. I have decided not to save anymore. Even emergence savings I will not have. Each user has a different way of managing their finances regardless of whether it is viewed as good or bad by other users. I like investing in gold over property, it has been an investment asset option that I have considered for a long time. Savings is only for emergencies because actually I don't really ignore this centralized system of fiat.I will use my money to be buying bitcoin and then buy properties, when there is an emergency need, I'll sell one of my properties and take care of the emergency. The way the economy and economics is going, I can say that the future is absolutely very unpredictable. I know inflation has drained a lot of its value, it's too bad. However, I have not been able to get rid of the dependence on using fiat in my daily life. The situation will improve, the economy will return to normal and I believe inflation will decrease at the individual and national level when we know how to manage spending well. There are bad investments too of course, it's not impossible to lose money, in fact it's good as to lose money which is why you should invest carefully, but it is not about "how" you invest, it's about what you invest into. Like if you are buying an estate, you could buy a rundown horrible one for overpriced value, or you could buy a great one undervalued. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: sayaya17 on September 26, 2022, 01:43:31 AM In a condition of worsening economic crisis. and when inflation is rising. I think for some people it must be difficult to save their finances. even the allotment of saving is reduced or even unable to save at all. but I think an alternative way is always there. if you are more observant in paying attention to market prices, especially in food prices. then you will find a price gap that is in the market and the price sold from farmers directly. then there is also the gap between instant food and raw food that needs to be processed. This is where we need to make changes in our habits of life. especially in terms of shopping for our daily food needs. if you usually buy instant food which is relatively more expensive. can be 2x-3x the original price of the food before processing. then reduce or stop buying instant or ready-to-eat foods. and make it a habit to buy raw materials that need to be processed yourself. in the markets actually a lot of raw food sold. which is relatively cheaper. and if you have an acquaintance of a farmer. then buying from farmers directly for stock will be much better. because you will save more money. although indeed in its processing you need a little hard work. but that way you can still save and save money when inflation is rising today. I found the fact that even though the price of fertilizer was getting higher, the selling price of food from farmers did not experience a higher increase. and if you know the fact that the price of food in the market is 3x the price of the direct farmer. there are still many ways to save money in this time of inflation if we want to find an alternative way. Moving to the countryside is also a very good thing. because the price there is much cheaper in terms of food because it is directly from farmers. we can also grow crops there. and we are also easy to find firewood. when gas reserves run out. so we can also save energy. Your suggestion that we buy raw food and then process it into cooked food is indeed a good idea, it can reduce our expenses. But sometimes it is not efficient for some people, because processing food takes up quite a lot of our time. Especially for me who is very busy, even almost every day I only sleep about 4 hours because of the many activities I have to do every day. Because cooking food is quite time consuming, it is better for me to use that time to do side jobs. Moreover, because I live in a rural area where the cost of ready-to-eat food is not so expensive, I still choose to buy ready-to-eat food. By buying ready-to-eat food, it can save me time, which I am currently working on several side jobs right now. Maybe a temporary solution that I can do with the increase in food prices, the types of food I eat are reduced by cheaper types of food. If I usually eat salmon, I'll just eat the cheaper type of fish. Or to be more effective in eating more vegetables than meat, it is also a solution to save money on buying food. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Captain Corporate on September 26, 2022, 06:21:30 AM Most inflation will start from the price of food ingredients, this is because everyone needs food, when an increase in the electronics or fashion is that most people can hold it by not buying, but if inflation occurs in the food sector, this will have a broad impact. This is basically the main reason but also there is a timing involved as well, thats a big problem. If you do not buy a certain iphone, if it gets unsold, it could go around the whole world until its sold, its not going to get ruined if its not sold for a year. And that allows it to be cheaper, or a clothing piece, like a shirt, could go unsold for a whole year and most probably stay still sellable, unless its high fashion and that needs to be sold during the season of it. Whereas, food doesn't have that, you farm it, you harvest it, you sell it, if it gets unsold over whats acceptable, its going to rot and nobody will buy it, so it needs to be sold right away. That is a big problem on the pricing of the food for sure and makes it a bit more expensive. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: bestcoins1 on September 26, 2022, 07:03:31 AM Most inflation will start from the price of food ingredients, this is because everyone needs food, when an increase in the electronics or fashion is that most people can hold it by not buying, but if inflation occurs in the food sector, this will have a broad impact. The impact of inflation that is very felt and can spread widely in the near future is the increase in the price of fuel oil which is often used by factories, companies, vehicles and also homes that make food production for every day. Because the increase in the price of fuel oil will obviously result in an increase in prices for food and food production materials as well as on the cost of public transport transportation in all areas.Title: Re: How to save as food inflation jumps more than 11% in a year Post by: bakasabo on September 26, 2022, 07:52:49 AM I think that trying to economize on food during inflation is not the best solution. You cant cheat your organism and eat less. Either organism will get lacking food from somewhere else (like muscles), or it will send commands to the brain and you will spend on extra food (and even more) everything you have saved. Switching to nourishing food, or food that takes longer to digest might help a bit. But in my opinion, earning more is the only solution when inflation jumps and you have to spend more to get the same. Saving on yourself or on the family is a taboo.
Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Anonylz on September 26, 2022, 08:20:54 AM You can manage inflation as an individual to some extent but the general problem will persist if not handled from the top.
Increasing one's income is a good start if you are able, there are not many jobs lying around and the demand is high so in other to be able to increase one's income, it requires more effort. Cutting down expenses also helps but in most times you are living below your needs which can be frustrating. Growing crops for personal consumption (even if not for commercial purpose) can be helpful if the land is available. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Silberman on September 26, 2022, 08:59:59 PM You can manage inflation as an individual to some extent but the general problem will persist if not handled from the top. That is the more stressful thing - inflation is killing everyone Increasing one's income is a good start if you are able, there are not many jobs lying around and the demand is high so in other to be able to increase one's income, it requires more effort. Cutting down expenses also helps but in most times you are living below your needs which can be frustrating. Growing crops for personal consumption (even if not for commercial purpose) can be helpful if the land is available. Apart from this I have noticed one more thing - families and couples are fighting like crazy. I think this is post Covid depression which is affecting every household. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: KingsDen on September 26, 2022, 09:48:03 PM The rate of inflation is very high and worsens day after day. Before you could use your savings, the purchasing power of your savings would go way below expectations. I have decided not to save anymore. Even emergence savings I will not have. ...I will use my money to be buying bitcoin and then buy properties, when there is an emergency need, I'll sell one of my properties and take care of the emergency. The way the economy and economics is going, I can say that the future is absolutely very unpredictable. There are bad investments too of course, it's not impossible to lose money, in fact it's good as to lose money which is why you should invest carefully, but it is not about "how" you invest, it's about what you invest into. Like if you are buying an estate, you could buy a rundown horrible one for overpriced value, or you could buy a great one undervalued. Wise statement mate, there are bad investments and it is not impossible to lose money. Having the above statement in mind saves one from some loses. I have made some notable money mistakes in the past and it is not an experience I wish to have again. Just one investment mistake is capable of reducing anyone to square one. I learnt my lessons in a bad and pensive manner and I realised that saving in fiat and allowing it to lose value over years in better than making wrong investments and watching your money vanish like you never earned it. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: redsun114 on September 27, 2022, 08:36:51 PM It is important to also note that world has gone towards more technology, and left farming to either third world nations, or not even do it at all, and forgot about what we needed to continue living. I am not saying there is no farming anymore, but it is certainly not as lucrative business model as it used to be.
Take a whole plot of land for example, would it be smarter to build a whole housing complex there and make rent as a landlord? Or would be smarter to farm there? Obvious choice, and if you want younger generation to want to farm, then how come we are promoting computer engineering so much? Basically, it is getting less and less liked by people as a business, and people who have to do it are the only people who do it. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Betwrong on September 28, 2022, 10:03:46 AM I don't think buying food and stocking is a good idea if that's what you mean, the best way around this is to live below your means and add some other cash flows. That's right. We have little experience in storing food and we don't have an appropriate equipment, so it is very likely that a big part of the food we want to preserve will go bad. The best strategy, in my opinion, is trying to find the places where we can buy cheaper food, and, of course, where we can earn some additional money. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Die_empty on September 28, 2022, 02:39:27 PM I don't think buying food and stocking is a good idea if that's what you mean, the best way around this is to live below your means and add some other cash flows. That's right. We have little experience in storing food and we don't have an appropriate equipment, so it is very likely that a big part of the food we want to preserve will go bad. The best strategy, in my opinion, is trying to find the places where we can buy cheaper food, and, of course, where we can earn some additional money. In this hard time, it is very important to avoid waste. Hence every family must ensure they only prepare food that would be consumed without much waste. Like in my house, in order to avoid waste I have domestic animals like poultry birds that feed from food remnants and we also use their droppings as manure for our small garden. When they are matured we use them as our source of eggs and meat. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Silberman on September 29, 2022, 10:00:01 PM I don't think buying food and stocking is a good idea if that's what you mean, the best way around this is to live below your means and add some other cash flows. That's right. We have little experience in storing food and we don't have an appropriate equipment, so it is very likely that a big part of the food we want to preserve will go bad. The best strategy, in my opinion, is trying to find the places where we can buy cheaper food, and, of course, where we can earn some additional money. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Betwrong on October 04, 2022, 11:04:12 AM ~ ~ In this hard time, it is very important to avoid waste. Hence every family must ensure they only prepare food that would be consumed without much waste. Like in my house, in order to avoid waste I have domestic animals like poultry birds that feed from food remnants and we also use their droppings as manure for our small garden. When they are matured we use them as our source of eggs and meat. I absolutely agree with this. Buy less, recycle more. That's the formula for surviving times like these. The economy of your household is a great example for everyone, even for every country, not only for every family. I mean, many people and many countries are doing something like this already, but we need more understanding how important it is. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Paul Pogba on October 04, 2022, 02:21:03 PM The inflation that is difficult for us to avoid is from the food sector, and the fact that it happens that food inflation always occurs every year. There is no special trick that I run in life, when inflation occurs, the first thing I do is be selective and reduce unnecessary needs, such as vacations, eating at restaurants and so on.
Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Jatiluhung on October 05, 2022, 04:11:52 AM Food Security should be the main focus when inflation occurs. because when the economic condition worsens and the food crisis occurs, we will find many lower class people who are malnourished due to frequent hunger. because when inflation in the food sector occurs, people's purchasing power will definitely decline. not without reason. but because the increase in food prices does not match the income or salary they get every day or every month. And when a food crisis occurs, it is urban residents who feel the most impact. because they do not have land that they can grow crops to be used as food reserves later.
and for rural residents, the food crisis will not have a big impact. because they have their own food stock. because they continue to grow crops and produce food. it is important for those of us who live in urban areas to own a house or a plot of land in the countryside. so that when there is a food crisis, we can temporarily move to rural areas. Collect money and buy a plot of land in the village before the food crisis gets worse. But even living in the countryside does not guarantee that we are 100% safe from the food crisis. we need to know the cause of the food crisis itself can occur due to several factors that make food crises can even occur in rural areas. The food crisis can be caused by several factors such as the following. 1. food distribution difficulties. 2. The impact of climate change, such as a long drought. which causes the agricultural sector to stop farming due to dry land. 3. Natural and environmental disasters such as floods. resulting in crop failure due to flooded land or destroyed land being swept away by flood waters. 4. Social conflicts, including the consequences of war, also have a major impact on food security. with these causes it can even make people in rural areas or farmers can experience a food crisis. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Betwrong on October 11, 2022, 08:31:15 AM The inflation that is difficult for us to avoid is from the food sector, and the fact that it happens that food inflation always occurs every year. There is no special trick that I run in life, when inflation occurs, the first thing I do is be selective and reduce unnecessary needs, such as vacations, eating at restaurants and so on. I think it depends on the area and the season, no? You can have cheaper food products when it's season for them and you are living in the area where they are grown. For example, where I live, the prices on some food items are almost 2 times higher than a year ago, but, at the same time, many seasonal foods are available at prices 2 times lower than a year ago. That's due to an abundant harvest of them this year. Seasonal food is good for your health, so buying it is not only a good thing for your budget, but for your health too. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Crypto Legend on October 11, 2022, 09:38:10 AM Inflation will always be difficult for us to avoid, it's better to focus on continuing to increase income than thinking and reduce expenses that are already basic needs, preparation before inflation occurs, for example, investment is an important thing that must be done immediately.
Title: Re: How to save as food inflation jumps more than 11% in a year Post by: inthelongrun on October 11, 2022, 09:39:30 AM Great tips. And I am actually doing them all. Another thing we did at home is we plant some manageable kinds of stuff like vegetables and fruits in front and at the back of our house. And I live in a small lot only with like 15 to 20 square meters of space. It first started when I stopped my plan to make a terrace in front of our house due to these hard times. One time while eating a sweet watermelon, I threw its seeds in front of our house. I didn't expect for it to grow up so we take care of it. To make it short, we harvested 9 big sweet watermelons before the plant died. Because of that incident, we already planted pumpkins, bitter gourds, chili plants, and many more that are not demanding of space.
Title: Re: How to save as food inflation jumps more than 11% in a year Post by: blue_hurricanger on October 11, 2022, 09:46:10 AM Food inflation jumps mean less purchase power on soft drinks, beverages, snacks, or anything like that. People will cut down on unnecessary meals to favor the main meal, 3 per day instead some snacks between them. Same with the foods that are typically used in fine dining restaurants and such will take a drop in the consumption rate. Mainly because people will cheap out and go to restaurants less and less since they can't afford it, coupled with the inflation, and high energy cost,...
More will cook and eat at home to save their money. The service industry will take the hit, business will get slower. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Betwrong on October 17, 2022, 10:02:39 AM Great tips. And I am actually doing them all. Another thing we did at home is we plant some manageable kinds of stuff like vegetables and fruits in front and at the back of our house. And I live in a small lot only with like 15 to 20 square meters of space. It first started when I stopped my plan to make a terrace in front of our house due to these hard times. One time while eating a sweet watermelon, I threw its seeds in front of our house. I didn't expect for it to grow up so we take care of it. To make it short, we harvested 9 big sweet watermelons before the plant died. Because of that incident, we already planted pumpkins, bitter gourds, chili plants, and many more that are not demanding of space. Yes, I like the tips in this thread too. They can be very useful in times like these. From my own experience I can add that we can catch fishes if living close to a river, sea or pond. We can pick berries and nuts if there's a forest nearby. We, humans, were hunter-gatherers for most of our existence, so, we are wired for this activity, and that's why we like it so much. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Vaculin on October 17, 2022, 09:34:39 PM How to beat food inflation: Yes. These tips can be very helpful for us to save in this increasing inflation not just for foods but for all basic commodities. But I think the best tip here is grow your income. Find more ways to get additional income so that you will not be completely affected with these increasing prices around. If you have multi sources of income that give you bigger profits, then saving will not be a problem anymore.1.Eat less. ;D Fasting is good for our health(even though I hear that some experts say that fasting is bad for our health). I don't know anything about nutrition and endocrinology. 2.Raise your own fruits and vegetables in your own garden or piece of land. The costs of doing agriculture are raising as well. The fall/winter are coming and you can't raise vegetables right now. :( 3.Increase your income. Get a promotion and a higher salary. Grow your small business. I can't give any particular advise about how to do that. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: blockman on October 17, 2022, 10:11:28 PM But I think the best tip here is grow your income. Find more ways to get additional income so that you will not be completely affected with these increasing prices around. If you have multi sources of income that give you bigger profits, then saving will not be a problem anymore. If you're living in the city, that's all you need to do. Get more sources of income, and work for 2-3 jobs and that's going to cover some expenses that you've got and should be allocated to it. Even if you have those additional sources of income, you'll still be affected but that's how you fight the increasing inflation. While those living in the provinces and rural areas can plant more veggies and fruits that they can just pick in season and take it as their food, the normal living and I like that more.Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Kakmakr on October 18, 2022, 06:27:15 AM I think people should try to cultivate more of their own produce to make up for some of the rise in inflation. I have seen several documentaries where the roof top of buildings are used to cultivate food. (lettuce / Tomatoes / Onions etc..) and also a small herb garden.
A lot of people have houses with a large garden, but they do not plant any edible plants or fruit trees. You have the soil and you have water.... why not use that to it's bets potential. We have small informal markets for people to sell their produce and/or trade with other people. ;) Title: Re: How to save as food inflation jumps more than 11% in a year Post by: inthelongrun on October 18, 2022, 10:40:33 AM Great tips. And I am actually doing them all. Another thing we did at home is we plant some manageable kinds of stuff like vegetables and fruits in front and at the back of our house. And I live in a small lot only with like 15 to 20 square meters of space. It first started when I stopped my plan to make a terrace in front of our house due to these hard times. One time while eating a sweet watermelon, I threw its seeds in front of our house. I didn't expect for it to grow up so we take care of it. To make it short, we harvested 9 big sweet watermelons before the plant died. Because of that incident, we already planted pumpkins, bitter gourds, chili plants, and many more that are not demanding of space. Yes, I like the tips in this thread too. They can be very useful in times like these. From my own experience I can add that we can catch fishes if living close to a river, sea or pond. We can pick berries and nuts if there's a forest nearby. We, humans, were hunter-gatherers for most of our existence, so, we are wired for this activity, and that's why we like it so much. Well said, mate. We, humans, have great survival instincts indeed. I really missed fishing in the sea. To be honest, I am seriously thinking about selling my house in the city. But my mother is living with me. My dream is to live in a rural area near the sea with enough space to start my own small farm. Probably not that far from a city and with a stable internet connection. It's perfect, living with nature while having fresh air, seafood, vegetables, fruits, and meat. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Davian144 on October 19, 2022, 12:46:51 PM Economic problems also occur in my country, many natural disasters such as floods that destroy a lot of agricultural land and crop failure, the threat of food imports will occur so it can be ascertained that food prices will continue to rise, when compared to the beginning of the year, it has now risen by more than 10%. I also feel the increase in food and other prices at this time, but I don't think that it is an insurmountable difficulty, because everyone can still earn a little more than usual. You can see that when all goods and food prices increase, the wages of workers and transportation costs are also increased so that it can help a little for those who have permanent jobs. Because the ones who suffer the most in such conditions are the unemployed who have no work at all. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: uneng on October 19, 2022, 03:55:35 PM I think people should try to cultivate more of their own produce to make up for some of the rise in inflation. I have seen several documentaries where the roof top of buildings are used to cultivate food. (lettuce / Tomatoes / Onions etc..) and also a small herb garden. Yes, people use plastic PVC pipes to cultivate different crops which can be produced through the system of hydroponics, that is to cultivate only using water and nutrients you deposit on it, not being necessary earth.A lot of people have houses with a large garden, but they do not plant any edible plants or fruit trees. You have the soil and you have water.... why not use that to it's bets potential. We have small informal markets for people to sell their produce and/or trade with other people. ;) This kind of production can be done vertically as well on the walls of your garden or leisure area. Most common production I've seen is lettuce, but it is possible to grow other kinds of vegetables as well, and even fruits, I think, like strawberries. However, I'm not sure sure how profitable it is. It will depend on the costs of food in your local area. Nutrients can be expensive to execute this kind of agriculture, so it must be taken in consideration. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: bakasabo on October 20, 2022, 10:19:01 AM I think people should try to cultivate more of their own produce to make up for some of the rise in inflation. I have seen several documentaries where the roof top of buildings are used to cultivate food. (lettuce / Tomatoes / Onions etc..) and also a small herb garden. A lot of people have houses with a large garden, but they do not plant any edible plants or fruit trees. You have the soil and you have water.... why not use that to it's bets potential. We have small informal markets for people to sell their produce and/or trade with other people. ;) Using own house, land to cultivate is a good idea, but there are a lot of "but". At first, people grow usually what is easy to do. That is garlic, onion, different herbs. All you need are seeds, water and sun. But you wont save much if your grow your own onion. How much a person could save ? Spend whole summer and get 1-3kg of onion. That will be enough for one family. But that will save like 10 EUR. My grandparents have small garden. They grow cucumbers, tomatoes for example. Every 2-5 days they drive to garden to water plants, to get lets say 10 kg of each. That is like 100 EUR, but they spend like 200 EUR on fuel going here and there. Ok, that might be a bad example. A person can have a huge apple garden and hundreds of kilos of apple. But you cant eat apple all the time. From a week of apple diet you will save money, but will gain a diarrhea. The whole problem with own fruits and vegetables is that you spend a lot of time and effort, to save little, and all your harvest can be consumed in few weeks. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: TheGreatPython on October 20, 2022, 10:40:32 AM Great tips. And I am actually doing them all. Another thing we did at home is we plant some manageable kinds of stuff like vegetables and fruits in front and at the back of our house. And I live in a small lot only with like 15 to 20 square meters of space. It first started when I stopped my plan to make a terrace in front of our house due to these hard times. One time while eating a sweet watermelon, I threw its seeds in front of our house. I didn't expect for it to grow up so we take care of it. To make it short, we harvested 9 big sweet watermelons before the plant died. Because of that incident, we already planted pumpkins, bitter gourds, chili plants, and many more that are not demanding of space. Yes, I like the tips in this thread too. They can be very useful in times like these.From my own experience I can add that we can catch fishes if living close to a river, sea or pond. We can pick berries and nuts if there's a forest nearby. We, humans, were hunter-gatherers for most of our existence, so, we are wired for this activity, and that's why we like it so much. Because, crops and meat that we eat could be farmed in a big enough scale that if we put billions of dollars into it as a nation, we could grow enough to feed everyone, let alone making a profit, but we don't, that’s the problem, there aren't enough people who work in growing food industry. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Betwrong on October 20, 2022, 12:15:28 PM ~ Yes, I like the tips in this thread too. They can be very useful in times like these. These are not the type of tips that we need right now in the year 2022, when we are so close to 2023. The industrial age already happened, we should have incredibly cheap food all around us, From my own experience I can add that we can catch fishes if living close to a river, sea or pond. We can pick berries and nuts if there's a forest nearby. We, humans, were hunter-gatherers for most of our existence, so, we are wired for this activity, and that's why we like it so much. You are right, and we were having it in much of the world, till recently. A lot of bad things happened to our world in the recent times and that's why today many people encounter problems they couldn't imagine they would, like lack of electricity, food, water ... the basics. It's not about abandoning achievements of the civilization, it's about surviving in times like these. I'm sure, it's going to be a temporary problem, and humanity will find a way to deal with it sooner than various scaremongers predict. And instead of suffering during the hard times we can try to have some fun with fishing, catching shrimps, gathering mussels, picking berries and nuts in the woods, and many other things, depending on where we live. I think it is better to be trying to find joy in life under any circumstances instead of just suffering and spreading panic. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: so98nn on October 20, 2022, 04:05:38 PM The sad reality is only middel class and below is going to get affected with this and many peeps might just throw opposite answers to my way but that’s the reality of this century! You can not deny the fact that upper class always has a plan B which they use in the times like this. They have huge fund reserves which can easily make them survive through the time such as like this. So definitely it’s the down line which needs to take care of themselves and yeah it’s gonna be hardest ahead.
Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Cookdata on October 20, 2022, 06:37:45 PM Mentioned in the above post is a good suggestion. Nowadays rooftop gardening have been popular around, and people find ways to meet their own vegetable needs through it. This can decrease their spending on food and also gives space to spend time in a better way for the house wives/husbands. In some cases people spend a lot on outdoor plants that are just good for beauty. Rather than spending much on beautifying a place, prioritising production is good. There is an increase in inflation generally, but some countries are also experiencing flooding issues as a result of poor planning and high population levels. This will be difficult to achieve in some cities where excess water has destroyed a lot of farming spaces and gardens, and some people are even having trouble finding shelter and a place to put their heads despite the hardships here and there. To reduce all these high demands, we must all farm, it doesn't cost a thing to have a farm in that empty space in your backyard, the governments can also assist by providing access to free advanced mechanical farming and processing, which will free up a lot of labour and encourage people to grow their own food rather than relying too heavily on rural areas for their daily needs. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: jaberwock on October 21, 2022, 06:38:51 PM Mentioned in the above post is a good suggestion. Nowadays rooftop gardening have been popular around, and people find ways to meet their own vegetable needs through it. This can decrease their spending on food and also gives space to spend time in a better way for the house wives/husbands. The idea that we need to produce our own food never looked appealing to me at all. Why? Well simply because when you need a new clothe, do you manufacture it yourself? When you need a new TV, do you make it yourself? A new chair? A new pc? A new phone? A new desk? There aren't that many things in the world which we do, we are only responsible for our own jobs, and we earn money from our jobs and use that money to buy all the other things.In some cases people spend a lot on outdoor plants that are just good for beauty. Rather than spending much on beautifying a place, prioritising production is good. If I am producing my own food as well, then let everyone do that and destroy all farmers, why are they even useful in that case? Which means, crops should get cheaper, instead of me trying to figure out how to raise crops my own. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Falconer on October 21, 2022, 08:30:30 PM The idea that we need to produce our own food never looked appealing to me at all. Why? Well simply because when you need a new clothe, do you manufacture it yourself? When you need a new TV, do you make it yourself? A new chair? A new pc? A new phone? A new desk? There aren't that many things in the world which we do, we are only responsible for our own jobs, and we earn money from our jobs and use that money to buy all the other things. The idea may not be bad, but it certainly isn't for everyone.If I am producing my own food as well, then let everyone do that and destroy all farmers, why are they even useful in that case? Which means, crops should get cheaper, instead of me trying to figure out how to raise crops my own. You and I may have the same thoughts about the idea so it is not suitable to adopt it. Then the lack of land to produce food ingredients is another factor why the idea is actually not good if it comes from the government. Well we are not yet at the crisis stage, but actually the current economic condition is dying due to inflation. The loss of currency prices, it has resulted in many food prices increasing while incomes have not increased. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Russlenat on October 21, 2022, 08:59:19 PM I don't think buying food and stocking is a good idea if that's what you mean, the best way around this is to live below your means and add some other cash flows. That's right. We have little experience in storing food and we don't have an appropriate equipment, so it is very likely that a big part of the food we want to preserve will go bad. The best strategy, in my opinion, is trying to find the places where we can buy cheaper food, and, of course, where we can earn some additional money. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Viscore on October 21, 2022, 09:36:15 PM ~ ~ In this hard time, it is very important to avoid waste. Hence every family must ensure they only prepare food that would be consumed without much waste. Like in my house, in order to avoid waste I have domestic animals like poultry birds that feed from food remnants and we also use their droppings as manure for our small garden. When they are matured we use them as our source of eggs and meat. I absolutely agree with this. Buy less, recycle more. That's the formula for surviving times like these. The economy of your household is a great example for everyone, even for every country, not only for every family. I mean, many people and many countries are doing something like this already, but we need more understanding how important it is. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Jatiluhung on October 23, 2022, 02:27:52 AM The more days pass. Food prices in many countries continue to experience a very worrying increase. and the highest increase is in the current year, 2022. but many economic and food analysts believe that the increase in food prices could continue into the following year. so we need to be prepared early to face this.
and maybe we can start stocking up on foods that can last a long time if stored, such as the staple food in Asia, namely rice. https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSkVTqDFfuDFogJOwl8nrO9Ezp-DsVGXs4dLQ&usqp=CAU There may even be a fact that not many people know about rice that can be stored for up to 4-5 years.sourch img : Link (https://www.dosenpendidikan.co.id/ciri-ciri-tanaman-padi/) even according to Utah State University rice if stored properly in an airtight place and with a temperature below 4 degrees Celsius. the rice can last for decades. if you are interested read about it. there are many sources that you can find on the internet. one of the media sources that you can read as in this Link (https://food.detik.com/kabar-kuliner/d-5372105/tak-banyak-yang-tahu-beras-bisa-disimpan-hingga-30-tahun). so saving does not have to be in the form of money. because even money can continue to decline in value when inflation continues. so save in other ways. like stocking rice. if in your country the staple food is rice of course. spread your savings in several forms. be it gold or otherwise. the important thing is that the savings are managed in a form that is not too affected by inflation. so the value can stay the same over time. and if you have uncultivated land. then start planting plants from now on. namely plants that you can use when a food crisis occurs later. Title: Re: How to save as food inflation jumps more than 11% in a year Post by: Betwrong on October 27, 2022, 08:30:30 AM ~ Yes, there are already many people who are into this, but a greater number of people are not used to this and so are not doing. Instead, they keep on buying and storing a lot of foods and when they get spoiled, they just throw them away which means a total waste of money and food when in fact most poor people have not even eating three times a day. So maybe the good thing to do is to educate people on how to plant and grow their own food backyard, as that would mean saving their money from buying and can also give extra foods to those neighbors who are less fortunate.Yes, that's what we should do in times like these. I understand people who are introverts and they prefer to not communicate with others. I was like that myself at some point of my life. But today there's no place for that stuff in our lives. We should help those who in need, and we should without embarrassment ask for help if we need it. |
