How to save as food inflation jumps more than 11% in a year

[AicecreaME]

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.

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[lizarder]

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.

[livingfree]

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.

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 prices

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.

If you're living in the city, it's really expensive but it's different in my area. It's like you can buy a vegetable meal for $0.2. I don't know if that's expensive for you. But to me, that's already cheap and I can survive with that meal but I don't know for how long.

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.

[trendcoin]

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.

[lucates]

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.

[Yatsan]

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.

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.

[Inspiron14]

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.

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.

That's good in addition to health it can also reduce expenses and of course this is a good thing,
switch to a cheaper product i think it needs to be done,
Actually there are many ways not to be wasteful in spending

[worldofcoins]

How to beat food inflation:
1.Eat less. 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.

[darewaller]

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.

[Joshapat]

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.

[Betwrong]

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.

[Hodoor]

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.

[CapGelatik]

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

[Sithara007]

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.

[jrrsparkles]

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.

[Silberman]

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.

The problem is that when you are living in a country which is suffering from high inflation a lot of people will try to increase their income as well in order to combat that inflation, and with jobs hard to come by due to the high inflation conditions people are going through this creates a scenario in which there is a lot of demand for jobs but very few jobs are available, so what follows is a race to the bottom in which employers can offer less money to their potential employees, and no matter how bad the working conditions get there will always be someone willing to take them.

[Falconer]

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.

[KingsDen]

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 .

[AmoreJaz]

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 .

The only way to save yourself is to cut down the extra expense and stop eating junk
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.

[Jatiluhung]

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.