how to overcome inflation for the community

[jaberwock]

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.

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.

[Republikcoin.com]

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.

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.

[Iroh]

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

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.

[bayudndy]

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.

[Bitstar_coin]

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.

[puloweh555]

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.

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.

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.

[romero121]

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.

[SirLancelot]

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.

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.

[Joshapat]

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. .

[Theones]

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.

[GigaBit]

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.

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.

[Youngkhngdiddy]

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?

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.

[Swordsoffreedom]

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.

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.

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.

[posi]

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?

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.

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.

[nesty]

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?

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.

[Dunamisx]

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.

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.

[CPNpr]

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

[Alpha Marine]

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.

[bettercrypto]

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?

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.

[og kush420]

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?

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