How is the cost of living in your country?

[dunfida]

not much different from your country, maybe my country is more expensive, what else are staples, you need to rack your brains to make ends meet, but what you need to know right now is that everything is experiencing price spikes not only in our country, so we use our finances to live, not  for lifestyle

I totally agree with your point, "fulfilling the needs of life, not a lifestyle". Because from what I experienced before, it is precisely the lifestyle that makes our monthly expenses continue to increase. I started to leave the habit of living like that, and I feel it is useful for the future. We can save the money that was previously used for lifestyle, and it feels very useful for my life. We can't do that continuously, because we have to think about tomorrow and the future.

Because many of us prioritize prestige over function.
Actually, in this case, it's not really wrong to make ourselves satisfied by buying some quite expensive products as a form of reward for what we get, but not everything has to be like that. because sometimes we also have to think about something else like saving or investing. Even though we really have to enjoy life, when we spend too much, this actually makes us torture ourselves regardless of anything.

Im not really that love to tolerate that kind of mindset which you would really be that saying that we do only live once or live your life to the fullest on which you do really be ending up on spending like there's no tomorrow or something that pertains about spending on things which are not really that necessary.Well, its your money but you should really be mindful on what are the priorities so that when the time comes on which
you would'nt really be having a hard time on dealing up with thing specially if it do talks about finances.If you do make out some good plans and proper budgeting then you wont
really be making yourself put up on a difficult situation.

[1714675413]

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[Vaskiy]

Life in my country hasn't changed much, as the spending is always limited and there is nothing spend on luxury and other things to show your status. Most of the time people suffer financially when there is much of unwanted expenses. Being in a third world country the cost of living isn't big. In the big cities the living cost have increased whereas the income remains the same. In rural part of the country the living is much on self reliant that makes the people lead life in any situation.

[Hispo]

Petrol is over $2.10 a litre and my water and electricity bills have also increased by about 15%.

You have no idea how lucky you are

Here electricity prices went up about 2000%, although it dropped like three quarters again. It's still very high.

Here in Venezuela gasoline is about 0,5$/liter and the electricity bill is less than 10$ a month, it just reached 10$ because the government started to charge other services together in that bill.
That is one of the reasons people used to mine Bitcoin here, before the government got aggressive against the miners.

One can buy a house here for 20k-30k$, one time payment, no mortgage, no credit, no question asked. Solid concrete, no drywall.

This a country that runs on debit. We don't have credit anymore, because the banks lost money by providing credit.
Their interest rates where like 1-8% or something, while weekly the inflation went up 100%, people used to max up their cards and slowly pay their debt with useless money by the end of the month. Cash and stable coins are king here.

[Jody.Drummer]

Because many of us prioritize prestige over function.
Actually, in this case, it's not really wrong to make ourselves satisfied by buying some quite expensive products as a form of reward for what we get, but not everything has to be like that. because sometimes we also have to think about something else like saving or investing. Even though we really have to enjoy life, when we spend too much, this actually makes us torture ourselves regardless of anything.

Im not really that love to tolerate that kind of mindset which you would really be that saying that we do only live once or live your life to the fullest on which you do really be ending up on spending like there's no tomorrow or something that pertains about spending on things which are not really that necessary.Well, its your money but you should really be mindful on what are the priorities so that when the time comes on which
you would'nt really be having a hard time on dealing up with thing specially if it do talks about finances.If you do make out some good plans and proper budgeting then you wont
really be making yourself put up on a difficult situation.

hey you forgot the initial point of what I wrote.
As I mentioned, enjoying life is important, at least giving self-reward, of course, for some of the things we have achieved. At least once in a few months self-indulgence is enough to indulge ourselves by buying the things we want for ourselves.
We do all forms of business to make more money and the investment we put there for what? At least even though we always think about a bright future and always invest or save today, we also shouldn't torture ourselves by holding back our desire to have what we want.

[Obari]

The cost of living is high generally (globally) and I'm my country, everyone is complaining and bitterly angered as a result of the high inflation rate which is telling both on the old and the young, the working class and the retirees.
I have a friend from the united state who is a retired fellow and just two days ago, I sent her about $60 to help support her bills and I did that because it also seems that despite the high inflation and hike in price of goods and services, it seems th government doesn't even put this old retired citizens of its country into consideration and that's very bad because it seems they are really the ones suffering the most in the united state( not verified but just some information gotten from an old from in Baytown Texas.)
In my country, the cost of living from housing to electricity to cost of fuel to cost of transportation and cost of feeding are greatly very high and without any job to help or government intervention.

[Fivestar4everMVP]

The cost of living over here in my country is just off the roof, everything, from food stuffs to provisions, groceries, cost of basic amenities have all increase more than 200 percent, some even more, and the sad thing is that, they seem to keep rising as the day breaks..
Transportation fee, price of petrol, cooking gas, rent, school fees for private schools have more than doubled when compared to what they used to be some two years ago or even earlier.
Our local currency have inflated and it has lost a lot of value against the dollar, buying stuffs outside the country and having it imported is no longer that feasible due to the high cost plus tax..
Indeed, I do nit know where the country is heading to, poor people are suffering even the more, i want to believe that this high cost of living is not something that is peculiar to country alone , it seems the same in the major cities of the world.

[kapalmabur]

Because many of us prioritize prestige over function.
Actually, in this case, it's not really wrong to make ourselves satisfied by buying some quite expensive products as a form of reward for what we get, but not everything has to be like that. because sometimes we also have to think about something else like saving or investing. Even though we really have to enjoy life, when we spend too much, this actually makes us torture ourselves regardless of anything.

Im not really that love to tolerate that kind of mindset which you would really be that saying that we do only live once or live your life to the fullest on which you do really be ending up on spending like there's no tomorrow or something that pertains about spending on things which are not really that necessary.Well, its your money but you should really be mindful on what are the priorities so that when the time comes on which
you would'nt really be having a hard time on dealing up with thing specially if it do talks about finances.If you do make out some good plans and proper budgeting then you wont
really be making yourself put up on a difficult situation.

hey you forgot the initial point of what I wrote.
As I mentioned, enjoying life is important, at least giving self-reward, of course, for some of the things we have achieved. At least once in a few months self-indulgence is enough to indulge ourselves by buying the things we want for ourselves.
We do all forms of business to make more money and the investment we put there for what? At least even though we always think about a bright future and always invest or save today, we also shouldn't torture ourselves by holding back our desire to have what we want.

It's true that sometimes people forget to be happy and they only care about the future until they forget about themselves,
giving awards I think is important and everyone has their own way,
at least that way it can eliminate boredom and stress.

[Dickiy]

What I feel today may feel normal even though there are a number of goods that have increased in price but it is still fairly reasonable, because the increase that feels is in the middle of 2022 where all basic needs have increased, especially cooking oil and fossil fuels, which triggers an increase in basic prices accompanied by with extreme weather so that the farmers failed to harvest and the stock distribution of goods provided by the government was very thin so that basic needs became scarce.
But for 2023 this is still relatively stable and seen from an economic point of view my country is still experiencing growth even though there are several commodities that have not yet reached their initial prices but they are not basic needs.

[LoyceMobile]

Petrol is over $2.10 a litre and my water and electricity bills have also increased by about 15%.

You have no idea how lucky you are

Here electricity prices went up about 2000%, although it dropped like three quarters again. It's still very high.

Here in Venezuela gasoline is about 0,5$/liter and the electricity bill is less than 10$ a month, it just reached 10$ because the government started to charge other services together in that bill.
That is one of the reasons people used to mine Bitcoin here, before the government got aggressive against the miners.

One can buy a house here for 20k-30k$, one time payment, no mortgage, no credit, no question asked. Solid concrete, no drywall.

This a country that runs on debit. We don't have credit anymore, because the banks lost money by providing credit.

I've been wondering for a while how it would be to have an economy without debt. Here, everyone including governments has debts. Without debt, I can imagine many prices would be less inflated, simply because people can pay less.
Of course, Venezuela has its own problems and isn't the best example to compare to, but still, I wonder how value would be without debt. Not owing anyone anything sounds like a dream.

[uneng]

One thing businessmen do in my country to raise their profits and keep the prices stable for customers is to change the ingredients of the products a little bit. Let's pick milk cream. It has been always made of milk, but now you hardly find pure milk cream on the supermarket for sale, because they created a new category of milk cream made of the serum of the milk. It's basically using the milk for something else, and what remains and should be discarded, they use to create another product, but with very inferior quality, flavour and nutrients.

This is happening all around. In particular third world countries face more such scams in the grocery market. More mixups were done with the food to increase the quantity. The quality control just works as a unit, but never identifies these kind of mixups. Better the standard maintained by the quality control team, will reflect in the value of the product.

I think regulators shouldn't allow such products to be manufactured and negotiated. That is lack of respect and consideration with customers who have been acquiring the real product for their whole lives, but now have to make use of a parallel, mixed one. If things continue going this route, I believe in some years we won't be able to enjoy the same flavour of the food people did in the past. Everything is getting too artificial and dilute in order to maximize profits for businessmen.

[Hispo]

Petrol is over $2.10 a litre and my water and electricity bills have also increased by about 15%.

You have no idea how lucky you are

Here electricity prices went up about 2000%, although it dropped like three quarters again. It's still very high.

Not owing anyone anything sounds like a dream.

It would be in a normal country, but my lovely country is not very normal.
Here I have never met anyone who is in debt with an institution, perhaps, only some friend who owed like 30$ to a professor for some reason. There is only debt between people and pawn shops (which always ask for collateral, of course).

To be honest, not long ago I thought the situation with personal debt in developed countries was not so dramatic...

[Crypto-DesignService]

I've been wondering for a while how it would be to have an economy without debt. Here, everyone including governments has debts. Without debt, I can imagine many prices would be less inflated, simply because people can pay less.
Of course, Venezuela has its own problems and isn't the best example to compare to, but still, I wonder how value would be without debt. Not owing anyone anything sounds like a dream.

Quite an advantage but not that big.

Sure there will be more open opportunities to have(i.e. building better infrastructure, more privileges from it's people) but that opportunities won't happen if the leader won't be able to manage them properly.

[bettercrypto]

What I feel today may feel normal even though there are a number of goods that have increased in price but it is still fairly reasonable, because the increase that feels is in the middle of 2022 where all basic needs have increased, especially cooking oil and fossil fuels, which triggers an increase in basic prices accompanied by with extreme weather so that the farmers failed to harvest and the stock distribution of goods provided by the government was very thin so that basic needs became scarce.
But for 2023 this is still relatively stable and seen from an economic point of view my country is still experiencing growth even though there are several commodities that have not yet reached their initial prices but they are not basic needs.

 I think that almost all of the country's goods are expensive because of the inflation that we are experiencing in every country that we are in. Here in my country of birth, almost everything has increased in price.

 from sugar, chicken, can food, vegetable, onion, egg, and more are so expensive so far also gasoline as well. But that's how life is. But if I also compare the economy of our country, it can be said that it is in a good state compared to other countries in my opinion.

[Fesatmas]

Because many of us prioritize prestige over function.
Actually, in this case, it's not really wrong to make ourselves satisfied by buying some quite expensive products as a form of reward for what we get, but not everything has to be like that. because sometimes we also have to think about something else like saving or investing. Even though we really have to enjoy life, when we spend too much, this actually makes us torture ourselves regardless of anything.

Yes, it's true, sometimes we need to satisfy ourselves with whatever we do. I thought, why don't we try to channel it into something more useful. I mean like this, at first we satisfied ourselves by buying luxury goods and so on, now from now on we do it (satisfy ourselves) with a form of investment. On the one hand we feel satisfied with what we do, on the other hand we are not left behind to better guarantee our future.
It's not as easy as saying it, but if you get used to it, it will slowly become a habit if you don't do it, it's like having a debt to pay.

[zaki12]

I think that almost all of the country's goods are expensive because of the inflation that we are experiencing in every country that we are in. Here in my country of birth, almost everything has increased in price.

 from sugar, chicken, can food, vegetable, onion, egg, and more are so expensive so far also gasoline as well. But that's how life is. But if I also compare the economy of our country, it can be said that it is in a good state compared to other countries in my opinion.

Inflation is the root of a country's problems, it's one of the government's challenges in managing a country. Rising and falling prices are a natural thing, of course there are natural factors, technical and non-technical factors that we cannot predict when they will come and go. It's just how we are able to adapt to situations and conditions until everything returns to a reasonable and normal point accompanied by the government's ability to manage a country.

[RockBell]

Wow, the world is in a lot of trouble right now. Just think of how much it will cost to feed a family if you spend $50 on your dog. The issue is that most of the policies the government is implementing are not for the less fortunate, and the cost of fuel has increased to the point where it is affecting the prices of other commodities because many people find it difficult to transport food.

[The Sceptical Chymist]

Petrol is over $2.10 a litre and my water and electricity bills have also increased by about 15%.

Short rant: it drives me bonkers that the US (where I live) never adopted the metric system--and the fact that there are so many units of measure for things like weight, volume, etc.  Ugh. 

I had to look up the conversion from AUD to USD to get a sense of how much that gas price is, with a secondary conversion from liters to gallons, and if my retarded arithmetic is right you're paying roughly $5.64 USD per gallon of gas/petrol.  If that's correct, that's way more expensive than in any state in the US.  In my area, gas is selling in the general $3/gallon range and I think that's higher than most other states.

OP, you're not alone in noticing inflation first hand.  I've posted about prices of things like cat food and other items I regularly buy going up slowly but steadily.  A pack of Starbucks instant coffee (Via, 12 individual packets) was around $5 back in 2015.  Well, I started noticing last year that they were getting way more expensive and began to take pictures at the store.  Here are two, the first from 6/2022 and the second from 8/2022:




And you might not be able to see it, but those are now sold in quantities of 8 packets, not 12!

TL;DR: I feel your pain, OP.  I really, really do.

[Joshapat]

I live in south Asia and currently I am around 24 years old, I am single and work in a textile factory with current monthly salary around $450, in total my living cost is around $350, as per country report the standard cost of living in country is around $250 if in village and $350 in the city.

[MiliMil]

Short rant: it drives me bonkers that the US (where I live) never adopted the metric system--and the fact that there are so many units of measure for things like weight, volume, etc.  Ugh. 

I had to look up the conversion from AUD to USD to get a sense of how much that gas price is, with a secondary conversion from liters to gallons, and if my retarded arithmetic is right you're paying roughly $5.64 USD per gallon of gas/petrol.  If that's correct, that's way more expensive than in any state in the US.  In my area, gas is selling in the general $3/gallon range and I think that's higher than most other states.

OP, you're not alone in noticing inflation first hand.  I've posted about prices of things like cat food and other items I regularly buy going up slowly but steadily.  A pack of Starbucks instant coffee (Via, 12 individual packets) was around $5 back in 2015.  Well, I started noticing last year that they were getting way more expensive and began to take pictures at the store.  Here are two, the first from 6/2022 and the second from 8/2022:




And you might not be able to see it, but those are now sold in quantities of 8 packets, not 12!

TL;DR: I feel your pain, OP.  I really, really do.

I went to my mothers house for dinner yesterday and her normal cut of beef which she usually purchases has doubled too. It's incredible how expensive things are becoming. It is unsustainable because the wage growth has been growing at a much slower pace.

The aged pension in Australia has also remained stagnant for a few years so a lot of elderly are suffering which breaks my heart.

I feel guilty complaining sometimes because I know there are people who have it much worse but the days of Australia being referred to as the "lucky country" are over.s

[SOKO-DEKE]

Here in my country I will say things are not that cost as others members have been saying but still it is cost due to our salaries and wages that my country people are receiving is very low, so due this I will say things are also expensive here. I believe when you have better government and people are receiving better salaries or wages I don't think things be that expensive in our eyes to do we have enough for it. As for me now, I am just collecting 120 dollars per month at where I work in my country and I do spend roughly over 40 dollars on only transportation and I do buy 1kg of milk at 12 dollars, 2kg of chicken at 10 dollars infact the only things do always get cheap in country do my level of salary is only my culture food stuffs. Things are always expensive to us because we are not receiving better income.