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how to deal with inflation according to my community:

1. Save money
2. Prepare for an emergency
3. Looking for additional income
4. Consumption of domestic products
5. Start investing and saving

that is the way in my opinion to overcome inflation in society. then what do you think? Is this way possible to overcome inflation?

1. Saving your wealth in fiat money doesn't overcome inflation.

2. No correlation

3. No correlation

4. It's true, but can you make sure your parents, your friends, and the other people in your country only bought and consume domestic products? you're just one person from very very lot people in your country, your contribution is near 0.001% or less.

5. It depends about your investment, if you consider bank saving is an investment, it doesn't overcome inflation. But if you invest in stock, gold, real estate, or Bitcoin, it do overcome inflation.

prepare
dont hoard fiat, or you will lose value that way.
instead think about products you want to buy next year (when their price will be higher) and buy them sooner before the price goes too high

dont waste money on novelty/luxury/consumer goods that have no lengthy shelf life
EG fast food

if your kitchen white goods are on the old side and were tempted to buy/upgrade new next year, buy now before they are more expensive next year

if you do have spare funds after this. invest it in deflationary assets
but check on the positions of those assets

EG golds 20 year market window is $900-$2.1k  and is sitting at $1.9k now meaning its near the top (bad time to buy)
EG bitcoin 5 year market window is $2k-$70k and is sitting at $22k now meaning its in the bottom third (good time to buy)

Thank you for these suggested points, but they are still mainly important for individuals to save themselves from inflation than for an entire community. In addition to what you have explained in order to be more effective for the community, I believe that they need to be creative in the community and create wealth for themselves. The main goal of the community should be to bring/attract money to it through solving external problems and venturing into agriculture, ICT and others.

By virtue of this, they would be able to attract money into their community and also create more jobs that will benefit all.

While these are sensible tips for any time of life, in reality unless the whole country or world does them it won't help. However this can actually backfire and make things worse, if people stop spending then companies have to cut back which means job losses and you can end up in a dangerous spiral. Not only that but the current causes of inflation - Russia invading Ukraine - caused food and oil/gas supplies to drop. Which is beyond the control of the average consumer.

Overcoming inflation is not really an easy venture, it involves a lot of discipline.

Here are some few tips to overcome inflation, they include but not limited to
1, having a Side hustle, so you can earn residual income apart from your mean stream.

2, Learn how to spend money on basic things you need, and not buying things ordinarily you don't need because it might compound to lot of cash outflow .

3, save money as little as you can, but do more of investment because every return on investment will place you on a good financial pedestrian.

Your first and fifth point both involve saving, which I don't think is a good idea during high inflation periods. Right now the inflation rate in my country is at 9% while the interest I am getting on my savings account is less than 1%. Some smaller and more risky banks offer 2% which is the highest you can get at the moment for your savings account. It just doesn't make sense to save money when you lose 7% purchasing power in one year. What would be better in my opinion is to make the necessary purchases you have to do this year as fast possible. For example you need a new washing machine or a new fridge, then I would recommend to make the purchase as fast possible and don't wait with it. Any larger purchase that is essential will become much more expensive the longer we wait. It makes more sense to use our money today then wait a few months until our money losses more value. The only real alternative is to invest our money into assets that give higher returns or at least match the inflation rate.

This is what 99% of people should be doing despite there being inflation or not. But most important in the context of inflation is cashflow — so you'd have more and more capital to invest in productive assets.

Yes, those are good tips for overcoming the inflation. The reality is that inflation is there to stay until we leave this world, that's permanent and even if how good a country is there will be several factors that will still affect them and can't skip inflation.

Investing and having more source of income are the ideal thing in dealing with the inflation. You can save and get into budgeted activities but you can't enjoy what you'll do if all things will be on a budget.

Increase your source of income and cash flow and that's how you fight inflation.

To overcome inflation requires awareness and patience in every human being.
because if you are not self-aware and impatient, you will definitely be chaotic and disorderly.

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every human being must train himself, in various circumstances and in various situations.
good at collecting money / doing business.
they know when to have fun, and when to be frugal.
and the important thing is not to forget, is to invest.
investment will also stabilize your finances, will even get more and profit.
now there are many places to invest, the most popular examples are currently bitcoin, real estate, and gold.
also set aside your money for savings, just in case of an emergency.

In addition to all you have mentioned, try to invest on a profitable asset that can not take away money from you but rather adds unto it, invest on what can give you rest, earn you some income and increases in value over time, choose right from avoiding aby scheme that could promise you quick return over a short time, create time to learn and also diversify, choose an investment pattern that could be profitable to you reducing risk attached.

It actually should be the opposite during inflationary periods because prices of goods/commodities surge higher and higher. Your money is losing purchasing power.


It has always been the advice of wise investors that during inflationary periods, invest in energy stocks and stocks of companies that produce food. Higher prices are always a blessing for those kinds of companies because everyone can't live without what they produce.

Those who were the first to face this inflation were faced with calm. Indeed, there are many ways to deal with inflation, we must allocate funds to invest. However, those who don't understand investment instruments, don't invest in high-risk ones, so you can't get a profit.

Don't let it be because of fear of excessive inflation that you didn't understand Investment suddenly as long as you invest, the original money for short-term needs suddenly runs out because of a loss. Therefore, it is better to keep the money in a safe place, at least it can minimize the decline in value due to inflation.

All you need is third option that is creating multiple income sources. I mean the world is changing is very fast and it’s becoming competitive all the time. Since there is high talent acquisitions who are willing to work at lower wages creating some shit competition everywhere. This means you have to ultimately look for lower paid jobs as well leading to low income and hard time during the inflation.

I think this creates complications and need of doing more jobs. Increasing passive income sources is always best.

The only way is to stop whining or blaming the government or the people, and work harder than usual, we will be able to overcome inflation easily. We all experience inflation equally, but a lot of people are comfortable with it, while we all whine. We are all experiencing the same inflation, but a lot of people are handling inflation well, while we are all whining. So I'd say, work hard and have a life plan, and you'll find inflation not so scary.

This point is what I think best for inflation challenges. With inflation, a family household need to look for additional ways to generate money to add to what they already have because the value of money is usually reduced in purchase made. Another point is that both parents will have to work for it. The challenges will not be left for the man alone to take care of, if that happens the family will suffer with the rise of inflation all over the country.

Buy gold that is a proven asset to perform constantly in all kinds of economic crises and investing in other assets including bitcoin can help you to avoid the inflation trap.

Never store more money than you need for the next 3 or 6 months and this will also be used at the time of emergency (never forget your insurance).

Consuming domestic goods doesn't necessarily mean you can save money, from my observation its more expensive than we buy from the market so I am not following it unless we get the products for cheaper.

You are to also cut down your expenses so that you can use the left over cash to invest in bitcoin if it is not that much but if it is a good amount, then you can invest in gold.

Don't save in fiat currency as it depreciate everyday by day,get side jobs to add to the present one you are doing,you can also stay away from any action that makes you spend money always, so that you don't continue with your addictive life style.

I would say as a community, selling something to other nations is the number one key to fixing all of this. How do you do that? Well you invest hardcore towards R&D which would be a lot better and I would guess that if you could come up with something that has a high value then you would be able to make a lot of money. Why do you think that here is a good amount of money to be made by Americans?

Because, they end up selling a lot of things to the whole world, and I believe that we are not going to have that easily, it's going to end up being a very tough road and will take a while, but if you can do that, it will make a lot more money and would help you during bad times.

What is your point is true, the points you said can help from inflation. But the problem is that not everyone can do that, there must be discipline within them, even myself to do things that seem easy but in practice are very difficult to do. Sacrifice will also be there, because from the start we may live extravagantly, here we are forced to save money. Some people will surely complain and blame the government, but in fact the government's role is very important here, but we also cannot blame the government completely, because we also have to change from within ourselves.

Saving FIAT money is the worst thing you can do against inflation. You have to have some but saving big amounts is the exact move that will ruin you against the inflation. What you need to do is buying goods like toilet paper, dry food, water, land, gold... anything that has limited supply and people demand in their daily lives.

Investing is a good option too but investing in what? In an inflationary environment, the asset prices go higher higher till they collapse. That's what happened in 2008. If you can't get out in the right time you will be destroyed.

Spend your money wisely and prioritize your needs over your wants. In our society nowadays where trends are everywhere, we are always tempted to buy things that are on trend so we could go with the latest things that the society is into but we should be well disciplined to focus on spending our money for our necessities. We should also mind saving and investing so we'll be prepared in case the situation gets worse.
We don't know how long will this inflation would last so we should deal with it wisely by managing our finances in the smartest way.

I can say the best way to stay safe from inflation is to have a plan for your economic life and avoid buying not useful stuff For example, I try to write everything I buy, and at the end of each month, I'll check if I bought anything by mistake and wrongly. besides watching for what you buy you will need to have an investment plan for your life and try to stick to it if the plan really works. because investing in a good asset is the only way to stay safe from the inflation rate.

Hedging is the way to fight inflation that's why people buy gold and BTC. USD is normally used by people from other countries to hedge against the plunging value of the local currency.  Spend less and cancel your vacation.

Looking for additional income in the best way, now means that we need to sacrifice in order to survive the crisis while the prices of gas and oil price steal the funds allotted to food. More money coming into the household is one priority.

I believe the best answer here is to convert your saved money to Bitcoin.   Though you are exposed to the volatility of the market, at least you are protected from inflation.  We all know that Bitcoin can be used as a hedge against inflation due to its supply being limited.

So instead of keeping our savings in fiat currency, we can just convert them to Bitcoin.

Also, we should avoid or reduce debt and start paying off credit card debt, mortgages, and other loans to avoid interest and paying back more money in the future.

Inflation is unavoidable, the value of paper money will always decrease according to the system which continues to print more and more banknotes.
but actually inflation is actually good, right, because it's a sign of economic growth.
and the best way to deal with proper inflation in my opinion is to invest in assets that provide equal or more returns than inflation such as bitcoin, gold and also property.

When inflation strikes, invest in assets, if you can and have the means. Real things that have real value. Those things will adjust in price with the valuing and devaluing of currency. Land is the best example. The objective during times of inflation is not to increase your wealth/purchasing power, it's to not lose any of it.

Saving money during an inflation will give you a hard time on your finances. In fact, saving is counter-intuitive during an inflation strike because you'll most likely be spending that money anyway (and you should) otherwise you're left with paperweight. Best thing to do during inflation is to learn where to spend your money and get the most value out of it, if working for a second job is not a viable option and you're just looking to weather the storm. Not every average Joe will be able to do all those 4 points you've listed, so making ends meet and maximizing resources should be the only advice one should follow during a hard bout of inflation.

We must try to fight inflation to reduce spending on less important items and have to work extra to get additional salaries, but it is suggested that all these savings must be converted to gold, investment and also property to increase investment value for the future. At least many people are converting USD to stabilize savings from the effects of inflation and for crypto investments many people will stick to the bitcoin option for the certainty of good returns compared to any coin.

I don't think an individual can fight inflation, I believe this is a government issue where the main culprit is the government's continuous printing of money which depreciates the value of the national currency making items and materials inflate in prices.

I think all we can do is to try not to be affected by it by doing things that will save us from spending our money excessively.  One of which is converting our cash to a more stable assets that has resistant to inflation.  Second thing is to plan how we spend our money in order for us to avoid loans and paying interest on the loaned amount.  We can also do a side hustle where we can earn extra money to compensate for the losing purchasing power of money.

Lols, this things you mentioned here is no way related to how to overcome inflation...
First, to know how to overcome inflation, we have to first of all know what inflation is, inflation, according to my understanding is when the central Bank, in conjunction with the federal government decides to print more money and push it into circulation, thereby significantly increasing the total money in circulation..
We all know the law of demand and supply, when demand is low and supply is high, the goods become cheaper, so it is when there is too much money in circulation, they lose their value against the US dollars, which is the global currency, and when the loose their value against the US dollars, the cost of things in that country will begin to go up because the money it self is not as valuable as it used to be, and for the goods to maintain the cost they used to be, the currency purchasing it have to increase..

So for me, to answer your question plain and straight, safe money in bitcoin, or other assets like gold, real estate, shares and the likes, this are the real ways to overcome inflation to the best of my knowledge, saving you money even in US dollars won't help you overcome inflation since the US dollars has also lost value overtime.

easy to say but it's hard to do - for a person like me who works round the clock but don't get enough money
I plan to save money but I don't get to do it -- I think the money we get from gambling is an easy money - it comes east and goes flying

Not really any of those, but at the same time all of those. Buying durable goods like houses or land are is useful, buying gold or bitcoiun may be a good idea. Saving is not a great idea as such as inflation kills cash value, looking for additional income is not specific to inflation and about investing, yes, but you have to make sure ahtat yuouunderstand what classes of assets are of to invesrt in an inflationary context.

Those things you mentioned OP are more about coping with inflation rather than overcoming it.
Inflation is a consequence of the recklessness of those in charge of the economy of a country or state and one (as individual citizen) can only cope and try to survive.

Anyways, avoiding cash is a must.  It is important to avoid getting one's money or any other kind of assets under the control of the government, when governments go through inflationary times, they are likely to halt withdrawals and in the worst case, they confiscate part of the non-inflationary assets. 

I believe that inflation has always existed and is a core features of an economy. While it may not always be possible to totally overcome it, there are steps that can be taken to lessen its effects. These include investing in assets that have a history of appreciating in value, setting aside money regularly, cutting costs, and raising income.

Inflation occurs due to the narrowing circulation of commodity goods or experiencing scarcity which provokes the selling price of goods to increase and the operational costs of producing goods or services increase which forces business actors to increase the price of goods to reduce operational costs, especially when the country's economic growth and development is taking place. vulnerable to inflation.

Consuming domestic products really helps to control inflation, but the role of you and your family alone is not enough for that, it must be socialized to people in other parts of the region and maybe that is not your job but the job of the government in your country. And the government must also provide a supply of commodity goods that are needed by the community to prevent extreme price increases.

Saving or investing in a bank, in my opinion, will not have an effect on reducing inflation, instead it tends to increase it because your money will be managed by the bank and lend it to other customers to seek additional interest from the money lent.

There's no way you can avoid cash or fiat because it's the only one payment tool that accepted everywhere in your country, it's different if you live in El Salvador or Central African Republic where you can use Bitcoin to pay daily groceries, electricity bill etc which you can avoid cash or fiat 100%. I think most of Bitcoin maximalist still have cash or fiat for 1-5%, but the rest of their wealth they're convert to Bitcoin.

You're doing it wrong if you invest in anything, whether real estate, cryptocurrencies, or equities, when inflation is high. The ideal moment to sell your assets is right now.
By waiting until interest rates inevitably rise and the economy starts to contract, your dollar will be worth more, you may avoid the inevitable deflation. The moment to purchase assets is right now. Buy inflation-indexed bonds or keep your money in the bank if you have no assets.

It is true that we can't do anything to reduce inflation because it is a global issue, and  it is the job of the governments to take necessary measures to bring it down, but there are several thing we can do to reduce its impact on our family life:

- Creating a budget of your home expenses and sticking to it.
- Consider ways to reduce your bills, such as insulating your home and if possible, install solar panels to generate electricity during day light hours.
- Invest your saving in fast growing assets like Bitcoin.
- Learn skills to  generate extra income online, such as web developing and animation.

And I think the people on those countries where BTC is already a legal tender still uses a fiat because there will be places where BTC isn't accepted or in rural areas. Knowledge is also one of the reason on why some don't know how to use a BTC but fiat isn't that complex to use that even a kid can use them to purchase something in the store nearby. Your last sentence is right.

I am into BTC but I think it's not bad to have a back up because we still don't know the future of BTC and its also volatile so its kinda painful seeing your wealth go down sometimes but the pain can be lessened if you also store some of your wealth in something which are stable, have a sure future and more legal like fiats.

Well, it's inflation which is going to overcome your money this way... If you save money in fiat, you are already losing purchasing power each new day. You have to determine in which currency or asset to save your money. I would say bitcoin, thinking on long term, because it's accessible and easy to deal. Gold is another option, but to say the truth I have no clue how to start dealing with this, so I simply for for BTC.

How?

Yes, extra income will be always a powerful ally against inflation, so you can invest more money in a monthly basis and convert it into something solid faster, like a property, for example, turning your patrimony immune to inflation.

It's a strategy to help you saving money, which will make your money last longer during the month, so you can add that to the extra income you make and invest everything together.

That is it...

This is good for those countries that produce their own goods. But for those countries that are reliant on imported products then this isn't applicable to them.
There are countries like Iceland where the cost of living is high and then the inflation is also to be dealt with and people there have to bear with it because their country relies on the shipment of goods and products. That is why countries that are mass producing their own consumptions are just lowkey and doing pretty good.

I think inflation has affected every country including CHINA, which is called "World's Factory", as it produces everything from heavy machinery to consumable items.
Inflation is also risen in China though it is lower than USA. The reason behind it, is the cost-push inflation, which is the result of increase in energy cost, this happened due to disturbance in logistics after the Ukraine war and caused huge increase in crude oil prices.
Increase in prices of food items is also one of the major reasons behind skyrocketing inflation worldwide, and it led to rise in cost of living. Governments should provide incentives to farmers, for using new technologies for increasing their agricultural produce, to reduce dependence on imported food items.

Actually, because inflation some parts in my country (where the mining of precious metal is an important part of the local economy) they tag the prices of most products an services in both FIAT and grams of gold. In those towns you can literally go shop around with a small bag of gold power and all businesses have a small electronic scale.

There is even people who take a pocket scale with them. It is interesting.

There are too many skills that can be learned through the internet and that's why there are freelancers that are extending their knowledge and skills through enrolling online courses and learning something new.

And most of them are paid but many are also for free but information are quite limited. But, there are scholarships that you can apply for with certain online courses website.

So, it means that information are there and you just have to look out for them and study to eagerly learn new skills.

New research tells us that inflation may impact different groups in different ways. People's experiences with rising prices depend on where they live, how they earn, and how they spend. If an individual have multiple income source than they don't have to blame the government. If we are aware about inflation and start working hard, with making strategy and we prepare for coming inflation then then we find inflation is not that much scary and detrimental. Must prominent thing is not forget to invest. Investment is very crucial to overcome from inflation, it preserve your portfolio's value.

However, taking steps to manage your personal finances can still be beneficial in navigating economic uncertainty and protecting your financial well-being. By building an emergency fund, managing debt, and investing for the long-term, you can improve your financial resilience and be better prepared to weather economic shocks.

In addition to the 5 useful ways to deal with inflation that you shared at the beginning of the topic, I want to add a few more points that are no less important than what you mentioned above.

1. Manage expenses wisely.
Inflation requires people to have more income than before, but the arrival of inflation is not necessarily accompanied by an increase in income. Cut expenses that are not too important such as entertainment or spending money on something that is not really needed.

2. Buying Gold.
Buying gold is one way to deal with inflation, buying gold is perfect for people who want to invest more flexibly. Besides that, buying gold has almost no risk because the price tends to be stable, gold is not easily eroded by inflation and the price can increase even though it is not too significant.

1. Cutting down on unimportant expenses is the right thing to do, but we should find more sources of income that would be better. Because if inflation continues to increase, then cutting costs will not be enough for us to deal with inflation. Meanwhile, if we have more income, we will have less trouble if inflation continues to increase and spending is more comfortable.

2. Gold is a good option to deal with inflation, but what about bitcoin? It is also considered a more effective hedge against inflation than gold because it has a better growth rate than gold as well as a much more limited supply than gold.

And there's this realization that we're all just living to survive and have to deal with inflation. Anyway, that's part of our lives and reality that we need to deal with because we're in this world.

Those that have experienced inflation will never have a second thought of increasing the sources of income that they've got. Having one isn't going to be enough so make it at least two or three.

If you will aim to have that kind of standard, you'll later on realize that you're not having a huge burden against it because you've prepared well for it.

I add to also invest with gold it will be the most potential replacement currency in the future. Inflation cannot be avoided, the only way is to divert it to goods that will immediately increase and the selling price will not go down easily, the best is gold and silver in my opinion. Yes. you don't have to invest all your money, but in the long term gold is more useful to invest.

When inflation occurs, almost every economic sector suffers a major disaster. At that time, how to reduce the cost of money becomes the main issue. You have made several important points out of which I think point no.5 is very effective. If we don't invest, we can never protect ourselves from inflation. Because if we save in the bank that too will not be effective due to inflation. It is not also possible to get anything good by keeping holding fiat money. But if we can invest then with inflation our return on investment will be increased. So there is no alternative for good investments to survive from the inflation.

These days, we have to deal with the unmanageable situation of inflation. To be honest, nobody is exempt from it; it affects everyone from every area of the economy. Since we still don't know what can happen in the future, we need to be disciplined and constantly concentrate on our preparedness to tackle the situation. Saving, in my opinion, would be the most powerful tool we could have to combat this issue. In order to be financially independent in the future, we must restrain our wants to spend money on things we don't need and instead concentrate on investing and saving where we can generate profits.

The government's budgeted deficit made the amount of currency in circulation uncontrollable. The decline in the value of money causes people's purchasing power to decrease. Yes, I agree with you, it would be better for us to start changing our lifestyle, not buying unnecessary things to save money, preparing emergency funds such as saving, looking for additional income and investing some of our money from now on. At least with this we already have preparations if inflation does occur in the future.

Individually it would be difficult, you need to do it as a community. For example fed increasing the rates made the inflation slow down as we can see, however that also causes recession which means people would not be able to earn enough money.

What this achieved is stopping prices to go high, but also caused income to lower at the same time so it is not doing great. What's next? You need to decrease the rates again to make sure people invest, so that others could earn and that could end up with a lot of money going into the market and then inflation would happen again. So what can you do? Subsidies, which means tax cuts to stuff like factories and farms, the production. Not to marketing people, not to wall street people, not to accountants, people who produce something tangible.

honestly speaking, inflation cannot be solve unless everyone cooperates and do their thing to help the economy along with the full support of the government since change cannot be implemented or done by a single person. what you have listed OP aren't a single bit helpful in terms of inflation since even saving can cause more inflation if it's not done properly. the after effects of pandemic which we are experiencing right now is also the reason for inflation, not until all of this became stabilized before we can start to worry about inflation.

Inflation is a thing that involves many things, when inflation occurs it usually starts with an increase in food ingredients followed by other supporting factors, production costs that continue to increase create a domino effect so that inflation cannot be avoided, to overcome inflation the easiest thing we can do is continue to increase source of income.

I think it makes the most sense to invest in a sustainable yielding asset like property, land etc or better yet to invest directly in gold. I guess that's more promising than anything. and it seems that there is no way to deal with inflation. there is only to avoid it by shifting assets to things that are not subject to inflation.

In the case of Iceland, while the country does rely on imports for many products, it also has a strong fishing industry and a growing tourism sector. Additionally, Iceland has been making efforts to develop its geothermal and hydropower resources, which can provide a domestic source of energy and reduce dependence on imported fossil fuels.

I think that there is a high risk of the worlds main fiats. As for crypto, I suppose they have a little chance to save the money in case of inflation. Actually it is one of the most interesting riddles in crypto world: the possibility of BTC and other cryptoprojects to remain valuable during inflation.

Inflation be a major challenge for communities, but there are several strategies that can be employed to help overcome it. One approach is to encourage saving, which can help reduce the amount of money in circulation and thereby ease inflationary pressures. Another strategy is to promote investment in productive assets, such as businesses or infrastructure, which can help to stimulate economic growth and create new jobs. Governments can implement policies such as price controls or subsidies to help keep inflation in check, although these measures must be carefully balanced to avoid unintended consequences. Finally education and awareness campaigns can help to raise public understanding of inflation and its causes, which can in turn lead to more informed decision making and better economic outcomes for the community.

Inflation is one of the problem affecting the communities in different countries. I think one of the strategy we need to do is that the community should increase the productivity and efficiency which can help reduce costs of goods and increase the supply of goods and services. Implementation of monetary policies that can regulate the money supply and can control inflation. Encouraging businesses to keep prices low and improve efficiency can help reduce inflation. If the government and community will help each other to reduce the cost and increase the supply of goods we can reduce the inflation.

more precisely, it leads to investment in buying land, the risk is very small, in my opinion. Since childhood, I have been taught by my parents to buy land when I am an adult, or the best investment, such as land or one that does not result in wasting money on the item. Buying land is never a loss, which I have done until now, even though the amount of land I got from my hard work was not large. just imagine the land could save from inflation from producing plantation agriculture

Now a days inflation is so high that a normal man cannot live a life happily so it is important to follow those tips which you have mentioned. I think that a person should overcome the uses of money in those things which is not necessary for living a life.

Inflation cannot be controlled easily but one can overcomes it by applying certain strategies and I think that everyone cannot accept activities to save money because everyone wants a luxury lifestyle. Preparation for all conditions is very necessary so I think that one should be fully prepared for whatever comes in life.

I think looking for additional income and investing is more effective than saving. because inflation is where we have to need a lot of money, so it's rather useless to save in the present. prices of goods are increasing. so looking for extra income is the best.

Never think that inflation will end, countries that use paper money and are not based on gold and silver will continue to experience inflation, for us the best thing to avoid inflation is to find a source of income, if we have a lot of money in the bank then it's time for us to use it for business so the money will grow.

that is correct - inflation is not going to end we must learn to live with it. The best apporach in life is to save as much as you can in our community we think serving food to other brings good luck and prosperity to you

These are all personal things that can help individuals to be better prepared during high inflation times. The problem is that all of them don't really help to bring down inflation on a country wide level. First of all saving money is good, but your interest rate will likely be lower than the inflation rate, so you are losing value every month. Same goes for investing money, our profit should at least offset inflation, otherwise it's not worth the risk. On a country wide level it would be the best if consumers start working together and punish the companies that raise price too high. It's in the hand of the consumers to pay the prices or not. Why don't we publicly label products that increase their price by 50% in 6 months? If we all would stop but their product they would be forced to lower the price again. Inflation is a spiral that goes across every industry and gives a good argument to increase prices even if production didn't change much. It's up to us consumers to change our purchase habits and find alternatives.

Inflation is a part of the world economy, it never goes away completely, it has a cycle that comes and goes at some point. But in the long run, each time inflation comes back will be more and more scary, so we need to prepare for the future, for the coming inflation. Do not rush to rejoice if inflation is pushed back in the near future, but focus on increasing assets during the period of economic development to prepare for future inflation.

Looking for extra income is not wrong at all for everyone who wants to overcome their difficulties in life, but if the extra income is always used up without anything left it will also be in vain in the end. Because this income also needs to be taken elsewhere, such as in savings or invested in several assets that have a high selling value. Whether it's into real estate or into crypto, in essence, you have to have initial savings so you can work on these two things. So whatever the current conditions are, saving is a very important thing in everyone's life and that is very much regardless of whatever conditions we are currently facing.

I would also agree more if you told everyone to do business to fight inflation which may never end, although I don't think inflation will ever end because now there are several ways to deal with excessive inflation. One of them is by doing business so that you can get additional income in life and keep trying to turn money into new jobs that are seen as having the opportunity to get more results or money without sacrificing more capital or other existing businesses.

All the rules/guides you have given to deal with inflation are very useful but what I find most useful is to use domestic products and start investing and saving. If we use domestic products we will be able to overcome inflation to a large extent. Because in this case the money of our country will remain in the country. More than that, what would be effective to deal with inflation would be to speed up the agricultural sector. If we all focus on agriculture and do not favor the agriculture sector, we can overcome inflation to a large extent. Because the most important thing is to bring the arable land under cultivation and manage the people properly in the agricultural work. If people can cultivate agricultural land and produce crops then we can definitely sell them abroad and earn foreign exchange and we can definitely fight inflation a lot.

In this case, it turns out that inflation will reduce your level of comfort, or habitual life, since you will have to save more and give up the usual things that have pleased you. In the end, I believe that this will lead to nothing because you will save more, but inflation will also affect these funds not very positively.

That’s for sure, you can’t prepare for everything, but if you have a plan for which you are moving, then your chances of success will increase well. And saving money is worth it without prejudice to you, only while maintaining the usual standard of living, otherwise you will get tired of such savings very quickly.

invest in gold. I think gold is the most effective way to deal with inflation. the money that we hold now is certain to experience continuous inflation until an undetermined time. even in their down economy, they will not be strong enough to defend against inflation, but if we are smart, set aside our money to buy gold so that in the future there will be savings when inflation is worse on a global scale than this.

dont save in fiat money, it only getting worse and worse time by time.
investing is a godd way to avoid inflation, then after get some money you can put it back on investment.

An interesting attempt, but .. Unfortunately, it will not give an effect, do not be offended.
The problem is that inflation happens for reasons you can't control.
No way. You cannot influence. Well, until you become a super-efficient president / prime minister / finance minister who can build a deficit-free budget for the country.
The problem of inflation lies deeper, and we generate it ourselves :) The desire to live better, buy more, have guaranteed social "conveniences", earn money on your business. And the state always plays catch-up - there are more pensioners, less productive population, more expenses for everything, less taxes, and the printing of money that is not provided with real goods and services begins.

Yes, and any trading business generates an additional margin - really not secured by anything - the manufacturer sold you, you added to the cost the costs of logistics, storage, rent, salaries to your employees who will RESALE the product. And then they threw another 50% on top to buy a new house next year.

That's all, but in fact there are many more processes that create unsecured money, which is a source of inflation

If inflation that occurs only momentarily maybe in the way as you say is very good, but if inflation is in the long run then saving in the form of fiat currency will not help you to overcome it, if you want to face emergencies then our expenses are only for useful needs and do not buy something without long-term interests, And the most important thing to overcome inflation is to invest mainly in the crypto world because it will be a very beneficial future asset to deal with inflation.

You have to save like for emergency funds. You'll never know if you're gonna need some cash so if you think that saving in fiat is useless, you'll still need to use cash for your stuff.

Yes, it's a way to defeat inflation but the choices varies per investor. Not all investments are making money and your choice of investment will be prevail in the nearest future if you chose a good one.

But if not, you need to choose another one again that you're more familiar with so that you can that investment as a hedge against inflation. For people to have an idea, don't go far anymore and I am talking about Bitcoin.

Gold has always been the perfect choice to deal with inflation for decades, gold is really an asset worth holding. But nowadays, besides gold, we can also think of bitcoin, with the profits that bitcoin generates not only making it easier for us to deal with inflation but can also make us rich even in the inflationary period. I would choose to invest in bitcoin over gold, even though it is not safer than gold.

Your fiat savings are not important for inflation. Since the purchasing power in your region decreases, the value of your money automatically decreases.

Article 3 has no effect on inflation, but when you earn more income, you will be less affected by inflation. Actually, you are indirectly affected, but you don't feel it.

The method you use in point 4 will be very limited and will have no effect.

Your situation may differ in terms of how you invest in item 5.

As a result, it's best to plan ahead and change some of our choices. If we can understand more clearly how the concept of inflation affects us, we will be less affected if we have certain opportunities.

In order to avoid inflation, we must do some planning in advance. such as savings and investment. These two things are very important. Because if there is no savings or investment in advance then there is a possibility of serious disaster during inflation. The money should be stored in a safe place because when inflation occurs, various banks go bankrupt. And we have to learn to produce some of our daily necessities so that we can use them for our own needs during inflation. Only by such planning will we get rid of various problems during inflation.

I think saving and investment is not smart way to approach inflation, but underpaying for something by getting in bulk so that you would profit later on when inflation happens is the smart way to go. Just to give a simple small example, I bought all my food for monthly at the start of the month, it may look like not going to grow too high, but not everywhere is Germany, in my nation from start of the month to end of the month matters, plus when you buy it in bulk, it makes it a lot cheaper as well.

So between prices rising and me buying with discount, I save so much money between even start of one month to end of that month. I do not eat extravagant food neither, like rice and potatoes and meat, that's it, that's most I love, some pasta as well, so it's always cheaper in the end.

There is no way to overcome inflation all of us have to face it and live with it but yes we can reduce its effect on us by doing certain  things.
Look for ways of smart earning,  saving doesn't help to reduce inflation go for investment to get profits. 

I'm only sure of one thing, if this way is adopted by most of the people in your country, then I think the inflation will get worse. I mean, without you knowing it there is an increase in demand for an item in the market which is likely to make the price more expensive over time but maybe you don't realize it because you buy it in large quantities. This is a reaction that actually needs to be avoided during inflation because the higher the value of an item, the lower the value of the fiat itself.

Hoarding goods in large quantities appears to benefit consumers, but in reality this forces inflation to continue to increase because the value of an item will increase due to high demand.

These may be some great tips in life, but really what matters is how each person approaches and copes with inflation. Not all tips work for everyone, and not all of these tips are good. Because focusing too much on a lot of issues anyway will only make them out of control, which is really not good. The word can do the opposite of what you're trying to do, and things will only get worse. So try to understand what you need and just do well what you are doing; don't think about the negative problems that it brings; just check if you are really persistent enough to face it.

So instead of thinking about how bad is inflation to us, much better if we focus on finding additional sources of income because whether we like it or not, this gonna happen to the market. What we gonna do is to adopt the situation and have more investments and sources of income we can never feel how bad it was. In today's situation, we can never be lazy and feel tired, but must have to work harder and be wise when it comes to spending money and in this time, people had realize the value of money in our lives.

Now itself people have got adopted to the economic situation. People who haven't got much of opportunities to increase the streams of income have started to keep down their spending. Another thing that strikes my mind when we talk of fighting against inflation is turning ourselves self reliant. When we talk of the community as a whole, we were able to make things better with perfect plans organising the community and making them involved into value addition. In such a way we were able to see massive change happen in human lives living as a community.

I think inflation that occurs is something we have to pay attention to, many people are poor because of inflation so anticipating inflation is a smart move, and I think the best thing when we want to overcome inflation is to increase our income so that we have financial security.

Taking the time to hunt and shop for discounted items is a brilliant idea to save money in times of inflation. But if you have a savings account and get extra income from your investments, you don't have to worry about spending every day. Moreover, saving and investing not only help us deal with current inflation but also help us in the future because inflation will always be with us. The best way to beat inflation is to increase your income, not just save and buy discounts every day.

In countries where things like inflation happen people understand how they live at that time. A few days ago I saw Sri Lanka where people were living a difficult life due to inflation. Most of the time there was no electricity in Sri Lanka.  
The Australian cricket team toured Sri Lanka at the time and Australian captain Pat Cummins shared a picture on social media where they were having candle-lit dinner due to no electricity. If this is the case in a five star hotel, then imagine how common people used to live. At that time, a packet of 1 kg of powdered milk exceeded $20.  

During that time, common people lived very hard. Those who have seen this incident in Sri Lanka should learn from the incident in Sri Lanka. Something like this happened in Sri Lanka a few days ago and after a few days something like this can happen in your country too if you are not prepared then how will you deal with that time. We have to plan these things in advance along with money savings and take some other steps.

An increase inflation implies an increase in prices for all products, and it takes some time for the employer to increase wages and salaries in relation to the increase in inflation. Thus, due to inflation, your salary will also increase, but this will not happen immediately. With rising inflation, the most difficult is the transitional stage, when everyone starts raising prices, but in the end everything stabilizes.

Most of all, the unprotected segments of the population, such as pensioners, will feel the consequences of rising inflation, since their pensions are often not high and they are not always enough even for the most necessary things.

If you have a business, then it seems to me that in this case you simply include price increases in the margin, but the most important thing is to remain competitive in the market.

someone is looking for extra money because their income is not sufficient to meet their needs or desires and there is still time left or there is time outside so someone is looking for additional income, that is very good indeed but whether it is finished or not cannot be reached, of course everyone wants to have future savings / investments future, but not everyone can do that because of the demands of needs and desires that must be fulfilled.
I understand how this situation is because I've experienced it but everyone wants to get out of it and have money to save or invest.
in fact, in this case the government of a country has a big influence on the policies made to keep the financial or economic stability of the community.
but apart from that we have responsibility for ourselves and we have to fight for ourselves to get out of the shortage.
doing business is a very right way or decision, I always agree with people who start a business, this is very good for current and future ma.

With the current state of emonomy, of course, people are already difficult to deal with inflation that occurs, because very many people are difficult to find work so that their lives will be more difficult, if our income is less then it will not be possible to save because daily needs alone are so difficult, but for those of us who already have a stable income, overcoming inflation is very suitable as you have explained, And most importantly, investing and saving is something we must do to deal with inflation in the future.

In my opinion, the best and most effective way to deal with inflation is to reduce consumption and unnecessary spending. Many people buy vegetables, fruit or meat and then store them in the refrigerator, and many vegetables or meat are thrown away because they are no longer suitable for consumption when stored in the refrigerator. The best thing is to buy vegetables or fruit and if you have a plan to cook.

To be honest, people cannot avoid inflation, because the problem of inflation is a problem for the government, which adopted fiat from the start. The role of the community is only to accept every policy and when the impact of inflation swells, it is the community who first feels it. The way to minimize inflation for the people is to always have a supply of food sources, clothing staples, drinks, and farming. This means they are not dependent on the instant goods they can get. Therefore the management of natural resources is the main thing when the economic crisis hits.

This is long time problem in a country which government cannot be solve but they can do something so that their citizens cannot feel those things heavily. But sometimes the government in some part of the country is the main cause on why the inflation rise up since corruption is so rampant there. Maybe the least thing people can do with this situation is to find multiple income stream so that they may have more money to use upon buying their basic needs.

It is important for the government to take appropriate action regarding this issue, maintaining price stability so that inflation is not excessive, because if it occurs it will have a very negative impact on the economy and people's lives. Government actions that loosen monetary policy such as lowering interest rates at banks can encourage credit growth and increase the money supply. If the increase in the money supply is not matched by comparable economic growth, inflation will occur. The government has an obligation to always be careful in making decisions, therefore it is important for the government to pay attention to price stability in making economic decisions. Saving money, saving money, looking for additional income and starting to consume domestic products is one of the ways for people to survive in the midst of ongoing inflation.

I believe that inflation may be harmful to individuals, especially those with modest financial resources. Anticipating and tackling inflation is a wise strategy for financial stability. While raising income is an important part of controlling inflation, other elements that might help to financial stability must also be considered. Inflation can cause growing living costs, making efficient budgeting and spending management essential. Developing a realistic budget that accounts for necessary costs, savings, and investments can assist individuals in staying on track and adjusting their spending patterns in reaction to inflation.

In this case, you can just buy ready-made deep-frozen foods. It's quite effective. That's what I do. And they cook pretty good now. And you have to eat less :))) But otherwise, I agree with you. Just need to prohibit yourself from buying something that is likely to come in handy once or twice in your life.

Inflation is not going to end and the only way to get rid of it to earn as much as you could this will help you alot
rather than making complaint all the time the best apporach is make more money.

At the present time, instead of complaining about the problems and inflation that they are causing, we should focus on other things to better improve our lives. Inflation is something that no one wants to happen to their country, but when it does appear, at least accept it, so don't have a too negative view of this issue. Instead, focus and try to find some extra work to improve your salary. In addition, this is also an opportunity for you to improve your spending and time management skills when the cost of materials increases.

True, it does not end but not all times it is in higher rates. Sometimes we can also experience a relief. That is because the governments are also doing their best to help. I think we normal individuals can also do something to help our situation. We can follow some tips given on this thread or search the same thing on Google for more tips.

Gold and Silver are an asset now but I think before, it was the medium used by the people to acquire other things. Maybe inflation is still not a thing before but people needs to modernize it. Paper money are still much more convenient to use than them. Storing money in banks does not help so yeah, we must learn to use them on something which can help us earn more like building a business.

Don't just accept it when inflation starts to occur in our own country, but there must be other efforts to eradicate it through the things you mentioned. Even though it is not easy to eradicate inflation when it occurs, by looking for additional jobs at least it can lighten everyone's burden when facing inflation. Apart from that, the consideration of spending to be more economical is also a good solution and you can also love your own domestic products more so that inflation can be handled properly over time.

Picture putting your money in the bank, perhaps in a fixed deposit account with the aim of saving for the long term(let’s say two years) The bank takes your money and does business with it; borrowing to individuals with in some cases, an extremely ridiculous interest rate.
After the two years is up, the bank gives you back your money with some interest which makes it peanuts when compared how much the bank made with your money in their custody.

Goods and services have risen over the period of two years. Your money in the bank might have increased slightly but the prices of goods and services would have risen exponentially leaving you with less purchasing power.

I think you could start saving and invest also. Investing your money could give you some good returns which would help lesson the brunt of inflation in the long run.

Even though high inflation is still complicated for me, it doesn't change the fact that you still have to live with it no matter what. So try to take a look at yourself to review and change your habits to suit your financial situation. That helps us focus on more essential needs and get rid of unnecessary luxuries. In addition, although money in inflation is really important, it is also important to pay attention to health because, as people often say, "if you have health, then you've got everything'. Therefore, pay more attention to your own health.

Yeah because this inflation situation does not affect only few countries, I think it is globally which means there is no country that is exceptional, perhaps some experience a greater impact that others.
Since the government can not find an immediate solution to the inflation problem, then we can only learn to leave with it.

Yes, I agree with what was said. How to deal with Inflation, don't surrender to the situation, but we must be good at reading the situation and quickly take opportunities so that we can benefit when inflation comes. For example, there is a businessman in China who became rich during Covid because he invested in vaccines. there are others who do online business to become rich young people in general because they take advantage of technological developments like now. If we are futures traders and foreign stocks, we must follow foreign geopolitical developments so that we can get maximum profit in every transaction. The key word is to make inflation an opportunity.

Inflation have hit hard throughout the world. In particular we were able to see the impact much on European countries. In the past the economic difficulty faced by the people never gets revealed to the outer world. Now it have come to the light, and European Country people have begun to move to the nearby countries for purchase of day to day needs to stay good with what they earn.

Unemployment and contract based jobs were ruining the lifeline of common people who depend on salary for their living. The gas price is another thing that have made them get into fear. In each and every side the financial problems were neck tight and it takes years for the situation to get better. Until then getting adopted to the situation and making ways to earn better is the right choice.

Your point is understandable but it cannot be applied to everyone. In an economy, there are also people who can barely earn a minimum wage and they mostly struggle to feed their family twice a day, for such people, it is not possible to find more work or earn extra money when the country faces extreme inflation, mostly because such people are not educated nor have any access to technology or other ways one can use to learn skills and earn more money.

For such people, it is not possible to just ignore the increasing inflation and focus on creating extra income sources due to a lack of resources, and these are the people who suffer the most when there is an economic crisis and extreme inflation within a country.

Inflation is something that is difficult to prevent because there are too many factors that cause inflation, for example food inflation, this is because the costs for farming, from land preparation to harvesting, continue to increase so that farmers sell at adjusted prices, which we do to survive when inflation is actively seeking sources of income. .

over coming inflation is not possible at this time - try to save as much money as you could on grocery stores. plan you vacations a head of time to get discounts - keep you plan sceret so that you dont mess at the lasy stage.

Until the war between Russia and Ukraine is over, it will be difficult to avoid inflation. Because as long as the production is not in accordance with the demand then the development of this situation will not be possible. At present the rate of inflation has increased at a great level. Due to this inflation, people's lives are almost disrupted. The amount of money that people are depositing in banks is losing value due to inflation. In such a situation, if you are thinking of keeping value with money, then there is no alternative to investing. Those who invest will continue to earn returns on their money at the same rate as inflation.

All these are important ways of handling inflation but I'll rather save in gold or stake in crypto currency rather than saving in a fiat currency controlled by the government.
You don't have to lay all your eggs in one basket so it's necessary to aquire more skills to increase the supply of income.
Spending wisely, by cutting cost on demands, making a budget and spending accordingly to the budget.

Inflation is not caused by the war between Russia and Ukraine, inflation is part of the world economy, and it has its cycles. War only exacerbates inflation, so even if the war ends, inflation will still hit us. But I agree with you, saving will not get us out of inflation, the only way to fight inflation is to increase wealth, and investment can solve that problem for us. But investment is risky, so we need to be careful in choosing assets to invest in, otherwise, we will suffer serious losses. Gold and real estate should be preferred assets as they are safe, stable, and highly volatile bitcoin can be highly profitable but should be considered for its risks.

Putting money in gold and bitcoin is not called saving, but you are investing, and it can be risky, especially volatile and uncertain assets like bitcoin. But depositing money in the bank also cannot help us overcome inflation because the devaluation of the currency is greater than the interest the bank pays us. Yes, the solution of diversification is the best solution, putting eggs in many different baskets, both minimizing risks and ensuring asset value. Another solution is that we should look for more sources of income to cope with inflation, not just rely on savings and investments.

One of the most effective ways to overcome inflation for the community is to encourage people do have savings and investment. When people do save and invest their money, they are less likely to spend it on goods and savings which can drive up prices. Another way to overcome inflation is to have a competition among the businesses. When businesses compete with each other they are more likely to keep prices low in order to attract customers. If people will learn more about inflation and how it will affects them it can help them to make a better financial decisions and be more prepared for the economic changes.

I think at this moment, we shouldn't limit the influence of inflation within the community alone because inflation is what is common everywhere and it's a global issue or challenge many economy faces including the rural and urban settings, everyone gets affected because there's increase in price of buying commodities in the market, but under the local community settings, we can handle this inflation through business diversification, additional means of income and increase in capacity building for our investment and personal development that could add more criterials to our values and skills developed to earn more opportunities for more income generation in what we do.

It is not easy for the common man to deal with inflation in the current state of the economy. Again it is not impossible for time. Overcoming inflation is not an easy task as commodity prices are rising around the world. It may be possible for those who have a stable income these days. Use your wits and strategies to overcome inflation. It is important to think about investments and savings

Everything you listed here cannot help you overcome inflation.
There's literally no way you can overcome inflation if you leave in a country that is plunged by inflation.
If you save money, that money will lose value buly the time you're ready to use it. You may save $250 for 6 months and at the end of the six month, that money won't be able to afford what it could afford 6 months ago if you leave in a country with high inflation rate.

Preparing for emergency and looking for additional income, doesn't take the inflation away. Yea you would have more more, but you'll still be affected by the inflation because commodities would be expensive.

In a country like mine, bother the domestic and foreign product are affected by inflation. The people providing the domestic goods and/or service live in the same country as you, so if they don't increase the price of their commodity they might end up selling at a loss because of the increased cost of production caused by inflation.

Investing still doesn't help you overcome inflation. Your investment doesn't take the inflation away. In an inflation, the price of everything goes up, even the price of investment.
Your investment would only not be affected by inflation depending on what you invest in, like Bitcoin.

I wonder how saving money can help with inflation. Because even if I save money if the prime commodities increase, maybe the money I have saved will for sure be used up in a short time. Maybe, our government officials are able to manage inflation well and properly, what you say is for sure that will help somehow in my opinion.

And if we are facing inflation today, maybe somehow investment can help us and it depends on what category we choose, it can be real estate, business, Bitcoin or top cryptocurrency in the market, or Gold.

good suggestions - I would add stop gambling and quit drinking too
try to avoid as much fuss in life as you could. This will make your life easy and comfortable

lol some very good suggestions though!  :-X
but not always you feel like having frozen food all the time. But one should keep the food healthy

This investment is one way to overcome inflation. Even though many people are afraid that investing will make them lose money and require a lot of capital, investment is a choice and a way for someone to fulfill their financial goals so that our purchasing power does not decrease.

Even so, inflation is faced calmly. for those who don't understand high-risk investment instruments, it's better to invest in a safe place like gold, at least it can minimize the decline in value due to inflation, but in my opinion, investment during inflation, the food sector can produce good products. Inflation is not inflation, people still need to eat. Don't let people who don't understand crypto suddenly buy crypto for fear of excessive inflation. It's even more fatal if you put it in a fraudulent investment, the money actually disappears. because make no mistake, when inflation is like this, many fraudsters take advantage of this moment to cheat.

The point I got from OP is don't save too much cash (except emergency funds).
Conversion to assets: Gold and bitcoin
All fiat money will be affected by inflation, whether it is dollars, rubles, riyals or yuan it is the same. They were minted without any guarantee of gold value. All will be eroded.

inflation is truth and there is no denying that inflation is killing
people. The only way you can save yourself is by earning more and by saving more.

I think it's very difficult to deal with general inflation in society. But if it's about how we are not affected by inflation then of course there are some things we can do that relate to the assets we have.

First, never keep your savings in fiat for a long time. Because isn't it precisely because we hold fiat for a long time that makes us affected by inflation. Because the real fact and what we have experienced all this time is that the decline in value of fiat continues to occur. Maybe we think that the prices of goods have increased. In fact, it is the fiat that we hold that has decreased in value. then the way to overcome it is to divert our assets in the form of fiat into assets that are resistant to inflation.

Second, always have savings assets stored in the form of assets that can always maintain their value. for example Gold. Gold has been tested as an asset that is less affected by inflation. While fiat currency is affected annually by inflation, it turns out that gold is not affected at all. so that the price of gold seems to continue to increase, even though the fiat money itself is experiencing a decrease in value. so as if the price of gold continues to rise every year. so that Gold can be said to be a store of value that we can keep even for tens of years.

Third, get used to managing finances with careful and long-term planning. Change our mindset to be able to prepare our assets so they can grow more in the future. one of them by investing in land property. Because the price of land has never decreased and even continues to rise from year to year. even when the human population increases, the price of land will increase rapidly. In addition, this type of investment is very minimal risk. unless the land is indeed located in a place affected by natural disasters such as landslides and prolonged flooding, well when a disaster occurs the price will decrease rapidly and maybe even not sell. but if we leave it and we manage it again after the disaster is over. maia the price will be expensive again like before the disaster. So it is important to monitor and analyze the type of land before deciding to buy it. we should try to buy land that is not prone to natural disasters.

And maybe there are many other things that can be done. but in essence we must have preparation and planning for the long term. And that's why it's important to have a mindset that is always thinking for the future and not just for today. This will foster the habit of saving money and managing finances more effectively.

the main thing is to deal with inflation I agree to invest, but of course invest with idle money, so we have to save money so that we have savings to invest. on the other hand, our lifestyle must also be adjusted, many people have a high lifestyle even though their income does not support it, this is the same as a time bomb, where one day it can collapse and it is difficult to get back up, because basically you already have a high lifestyle , until finally doing various ways to fulfill his lifestyle

The mindset is that if people do not spend their money and instead save it, then "things" will lower in price and that's why it will help stop inflation. If we all spend money and if we spend even more than we used to just to get something then the price will go up, if you are willing to pay 100 bucks to get that thing, then the price is 100, but if you do not want to buy it, then they will offer it to you for 90 or they won't be selling it at all, if you still do not buy it then it will drop to 80, or worst case it will stay at 100 because it was unsold there anyway.

So, saving money as a whole community instead of spending it means that the price will go down or stay the same and I do believe that it is the main reason why interest rates go up, so we put our money into savings instead of spending them.

If we look at the meaning based on the expression published by Wikipedia (https://id.wikipedia.org/wiki/Inflasi), Inflation is a process of increasing prices in general and continuously, an increase in the price of one or two goods cannot be called inflation unless the increase is widespread (or results in a price increase). on other items. And from that understanding everyone can conclude what can be done to overcome this so as not to have a more increasing burden of difficulties in life.

Because usually when the price of basic goods starts to increase or the goods that are often needed by the community start to increase, the transport or transportation service will also make changes to larger service costs so that very often we find that the price of many basic goods increases which can also cause an increase in the cost of any services including labor wages although every worker is strongly advised to work in several other jobs in order to support more income in conditions of inflation.

Gotcha, chief! You're cruising the financial freeway like a seasoned driver with your inflation tackle. The essence of your strategy is aging like a fine wine: maturing in long-term planning and financial agility. It's music to a prudent ear! Bitcoin, Ethereum, those cryptocurrencies are poised to combat inflation's shadow. Why? They have a cap on their supply, protecting them from inflation's bane: value shrinkage. But remember, it's a game of "no pain, no gain". Online wisdom echoes: Only bet the chips you're cool with losing.

Gold, your trusty ally, can strut its stuff in the digital universe too! Meet its doppelgänger - the digital Gold tokens. It's the marriage of gold's inflation-busting prowess with the flexibility of digital assets. But tread lightly and do your homework before leaping onto this digital bandwagon.

Let's not overlook your real estate ace! Why not take a step further into the realm of the virtual? Seems wacky, but we're talking about investments in virtual terra firma here. Metaverses are the new frontier, offering you a fresh, avant-garde shield against inflation.

It is the idle money that must be used for investments, of course, especially if someone is willing to invest in Bitcoin or cryptocurrencies because you never know in which direction the market will move next, if it moves the opposite way and goes negative, it might make the investor wait for some time because we have seen that it sometimes takes time to get out of the bear market and get into the bull run and start going up.

About the lifestyle change, you are right that one will surely need to spend less money on useless things or things that they don't really need but only spend money on them because they want to, in times of inflation, even a small amount will matter a lot if a person doesn't have a high income.

That's a great suggestion, but before inflation actually takes place, it would be beneficial for you to delve into the realm of financial education. It is an essential element that can empower you to navigate the inflationary challenges in your country with wisdom. Through financial education, you will gain knowledge about budgeting, wise investments, and prudent saving techniques.

Sadly, economic literacy remains remarkably low in several countries even today. Many individuals make reckless financial decisions without due caution. This can have dire consequences and worsen the situation during monetary crises when inflation intensifies.

Arm your mind with financial knowledge if you seek to handle money wisely. I am confident that positive and purposeful outcomes can be easily achieved.

Best way to beat inflation is always investment into companies that will benefit from inflation itself. Some companies will surely find different ways to get low rate loans to operate their business. Through inflation their costs will keep going down. Especially cost of labor is decreasing a lot because they don't get raise every month. Find such kind of businesses and directly invest in. Buy their stocks and get your share from their profits. I see no other way.

saving and investing wisely and choosing categories like gold, bitcoin, cryptocurrencies are some of the ways to deal with inflation. and it's all a long term investment.

And it's true that when there's inflation, it's possible that the prices of some key commodities will rise so that your savings may not be enough to buy supplies. then what you have to do besides looking for additional income you should also start trying to grow crops such as vegetables by using hydroponic planting methods that do not require large areas of land and livestock such as fish which can be combined with growing hydroponic vegetables and other livestock on the land that you have or around your house to meet daily life and deal with inflation. so you can save and invest more.

Basically, in this case, of course, we already know how to manage money properly in this case, so that when people decide to invest, it is clear that it must be money that is not going to be used for anything in the near future.
Many people are actually a little wrong in a condition where they risk everything in an investment but they are not aware of bad financial management because in this case not a few people spend almost all the money they have in the hope that there will be a return in the near future.
The way of thinking has to change a little if we really want something good in the future. Inflation is a word that is a little scary to imagine, but the possibility of something like that can still happen, so we need to upgrade ourselves so that we can better make ourselves better and wrong. one about finances. More or less about this, as long as we have a better understanding of how money is managed, I think we will realize what we have to do to avoid inflation and the worst possibility.

Inflation is a global problem that affects economies of various sizes, including those in rural and urban areas. While the effects of inflation are widespread, communities can certainly take steps to address and mitigate their impact at the local level. Diversifying businesses and sources of income can provide resilience and stability during economic fluctuations. Additionally, investing in personal development and upskilling can increase individuals' employability, open up new opportunities, and potentially lead to higher income generation. But it must still be recognized that local actions can help us deal with inflation, but addressing inflation on a broader scale requires macroeconomic policies and coordination from other countries central banks and governments.

It surely is a global problem and there is no doubt about it.
The only way to overcome inflation is to work harder and earn more then you needed that is the only way. you are going to overcome inflation

It surely is and if we will keep looking at the power to solve our problem of inflation then this is not going to happen.
To take care of yourself you have to work harder earn lots of money to keep yourself out of poverty cylce.

Inflation with time is a fact you really can't avoid because for the sake of more profits when you increase the prices of the products it causes inflation on those products or in reverse order we can say that when the employees demand a Salary Increase and incitements the company increases product prices and agin the extra money you got in a way it is not extra now.

So as we can completely avoid we can make it slow there are many factors behind inflation, it can be greed it can be oversupply so by controlling greed and supply we can somehow slow down the rate of it. Inflation is a very debated topic my ending words on it are as we can stop it we can make it effectless by making some management policies and emotional control all these things will help us to fight against inflation.

Only saving will not help you overcome inflation. What happens when inflation took place? The value of money decreases and the price of good increases. So if you think about the long run, saving your assets in money will not help at all. Over time, it will lose its value due to inflation.

Can anyone tell me how is this going to help overcome inflation? I guess preparing for emergency still count as saving money. What else could help you in emergency during inflation. But as mentioned on the 1st point, saving money will decrease its value overtime.

This is acceptable. Money is something that we need, and it's never enough. Having multiple ways to earn more will always help, even if it's not during inflation.

Not everyone has the ability to grow their own food. In big cities, there are just buildings. Where are you going to grow them? You need a personal place in order to do it. So this is an option for certain people with certain lifestyle who are able to produce their own goods.

This is the best option. If we have the asset and ways to invest them, then we should do it. Money makes more money. If you keep it as it is, it looses its value. So finding multiple ways to grow our assets should be our first priority.

all the points you have mentioned are very valid
Having said that life is very unpredictable - it teaches you the hardest but the right  lessons in the most difficult times - it  breaks you and then molds you into a much stronger person.

that is true and I second your opinion
you cannot have a better tomorrow if you will keep thinking about yesterday. Live in the present moment.
Live to the fullest of your enegry and gain as much as you can learn new skills and live your life like a king.

the society has been ruled by a narrow eliet that have organized the communities for their own benefits at the expense of the waste mass of people.

But do you think that all societies can accept orders from elites who have built their communities for their own benefit? Because I don't believe that all of society will want to take orders from the elite when the people know that they only rule for the benefit of themselves with little regard for anyone other than the people in their own community. So don't think that all people can be easily ordered and directed according to the wishes of certain groups.

Good version... But to be honest - THIS is an AMAZING VERSION, to try to escape from an unpleasant reality :)

Back to inflation. Inflation is not caused by the elites... It's basically because of us. Why? It's very simple. The only nuance - it doesn't feel good :)

- We are choosing a government that is not doing the right thing in the economy.
- We don't want to pay taxes, but we want social assistance.
- WE are not used to living by the rules of reasonable spending and not forming a "safety cushion". And then when problems arise (like COVID19), WE start demanding money from the government when we are not working, demanding pensions and other payments, when the government's tax revenues drop, demanding vaccines, food, .....

And what does the state have to do? RIGHTLY - PRINT MONEY, which is not secured by anything!
And there are many more of these "WE don't do" things. And about the "elites" - it's convenient, and you take the blame off yourself, and all - "it's not my fault" :)

I agree with you sir, society cannot all be easily controlled by the elite, especially the middle to upper class, because they have an awareness of mindset. So it is impossible to obey what is ordered by certain groups.
However, it should be remembered that in fact the dominant middle to lower class people are easily provoked on matters of need, so that the elite has loopholes to control the community through the needs and emotions of the community like that.
Inflation is related to many factors and relates to elites in their interest goals.

The most important thing is awareness of thinking and buying needs from products produced by the country itself, stay away from things that smell of imports or only risking prestige. Inflation can also be controlled with mature and independent finance from a government that suppresses society in its contribution and excludes elites.

To be able to overcome inflation for the community we should need to take note strategies that is needed to be able to surpass inflation. First we need to increase productivity wherein we should encourage businesses and individuals to increase their productivity to be able to reduce the cost of goods and services, which can help to fight inflation. Government should reduce inflation by reducing their spending, which can help reduce the amount of money in circulation. Central banks can increase interest rates to encourage savings and reduce spending. Encouraging foreign investments it can help to increase supply of goods and services. Government can implement price controls on essential goods and services to prevent prices from rising too quickly. The solution to inflation and different strategies may varies depending on government.

The thing that we have to understand is that inflation will continue to occur and of course it makes us have to be vigilant, avoiding inflation is something that is impossible for us to do and the best way out to avoid inflation is to find or increase income, there are many ways to make money and if we start from scratch then you can learn from youtube.

never in my life I have seen prices coming down and we get the value of money to the exact number as it was a year ago
so if it is not possible then try not to waste time and earn as much money as you could.

Inflation might be here for good I guess. It will continue to affect us no matter how we avoid it, but if we have some initiatives to reduce the risk of inflation, I think it will be a lot helpful for us. And you’re right on your list OP, that will help us not to be so much affected with inflation. But I think the most significant there is through investing in bitcoin. Bitcoin will never be influenced by inflation, so you can always take advantage of it regardless if its expensive price.

all what you listed is not a criteria or a method that I can be use to subdue inflation in a country or in a society because when inflation becomes the money you save or the money you gathered cannot serve you to afford uniques so basically I believe that you cannot use this method to survive during inflation in your country you have to look for another opinion or suggestion that is more refined and presentable to present

Among the list, I find savings as the best way to overcome inflation. We can't be sure when the economic situation changes, and to meet any such scenario we need to be prepared. What we have been going around started from the days of COVID and this continues. Amidst more and more reforms the scenario continue to be the same.

With is the time when unexpected job cuts takes place. All of the sudden having no money and source to survive is really painful and at these situations it is the savings that helps us. So, amidst the situation and earning we need to allocate major portion into savings.

I agree with you those strategies should be done to be able to overcome inflation for the community. Encouraging people to save money can help reduce the impact of inflation on their purchasing power. This can be done through financial education programs and incentivizing saving through tax breaks or other benefits. If we do start saving on an early stage probably we already gained enough profit in preparation to the upcoming inflation. Looking for additional income can increase our savings that we will be needed if we face inflation. If we properly manage our finances we can save money, prepare for an emergency as well as we could start investing. If we do all those strategies definitely we could overcome inflation.

I think that investing and savings are important to do this, whether inflation increases or if anyone is not well prepared in case prices and other things increase.

Because if you don't have savings and you haven't tried to invest in other opportunity businesses, anyone will have a hard time for sure when we have a problem with the inflation crisis for sure. Because we are ready and have other sources of income.

The bottom line is that we must have proper preparation and muster up our financial strength so that it is more resilient and less affected by inflation. and one of them by saving in gold and investing in many things that have low risk. such as property and also digital assets such as Bitcoin.

But when talking about overcoming inflation. then in essence a country must be able to become an independent producer and not too dependent on other countries in terms of the production of goods and food. Because it will be difficult to control prices when our country is very dependent on materials from other countries.