My survival strategies in this harsh economic conditions

[Joshapat]

Similar strategy with mine,but I don't give my kids homeschooling.I send them to school but a missionary school which is cheaper than a private school and have adequate learning facilities,so that they can compete with their classmates to bring out the best in them.

Another thing I did was to set up a business for my wife that she sells in front of the house because the house is located in a commercial environment so that she can make daily profit since she don't need to pay for shop rent which use to be challenge for traders down here in my country.

A good strategy because you can get a quality school at a low cost, the most important lesson when we buy a house is that it can be used for business, if the house is in a commercial area of course it's easier to start a business, I also plan to sell a house and buy land in a different area crowded and strategic so I can rent it and get passive income.

[xSkylarx]

Growing some crops: We have little space in our compound and we have started a vegetable garden which has cut the cost we spend on vegetables. We have also started plans to develop eight plots of land Cassava farm that can provide a year-long supply of our main staple food called the "garri".

This would be a problem for those who live in the city and have no extra space, but I've seen new technology right now about vertical farming and hydroponics, which is really good for those who have no soil or extra space, though it would still be beneficial if you have backyards as you can easily plant. Most of this was done in province, not just to save money but also to be healthy since you'd be cooking it yourself rather than buying it outside. Even just planting it in a single pot can save you money over buying it.

[bitzizzix]

Growing some crops: We have little space in our compound and we have started a vegetable garden which has cut the cost we spend on vegetables. We have also started plans to develop eight plots of land Cassava farm that can provide a year-long supply of our main staple food called the "garri".

This would be a problem for those who live in the city and have no extra space, but I've seen new technology right now about vertical farming and hydroponics, which is really good for those who have no soil or extra space, though it would still be beneficial if you have backyards as you can easily plant. Most of this was done in province, not just to save money but also to be healthy since you'd be cooking it yourself rather than buying it outside. Even just planting it in a single pot can save you money over buying it.

By utilizing narrow land we can still do gardening as well and the gardening techniques are verticulture, tambolampot, hydroponics using mineral water bottles, styrofoam and also using large pipes where body parts are cut and filled with fertile soil and fertilizer for growing vegetables and others for cooking.
and I've been doing this since Covid-19 and I'm still doing it until now, and this is very useful and also economical in financial matters. Because I only cut some vegetable and chili plants for cooking, and these plants don't need a large area because they only need to be hung on walls or on fences and other parts of the house that can be exposed to sunlight.
and planting yourself is more controlled for health problems because we will plant and care for it properly and healthily, and also always controlled because it is around the house.

[Uruhara]

Similar strategy with mine,but I don't give my kids homeschooling.I send them to school but a missionary school which is cheaper than a private school and have adequate learning facilities,so that they can compete with their classmates to bring out the best in them.

Another thing I did was to set up a business for my wife that she sells in front of the house because the house is located in a commercial environment so that she can make daily profit since she don't need to pay for shop rent which use to be challenge for traders down here in my country.

sending children to school anywhere is not a problem as long as we as parents continue to pay attention to our children when they are at home. such as asking what has been learned and what difficulties are encountered in the lesson. help him study at home and so on.

I think I got a little idea from your story that you have made a business for your wife. Maybe I will try something similar about this for my brother who also has a place to live in an area that seems to have good potential to start a business without needing to rent a shop.

[Smartprofit]

Growing some crops: We have little space in our compound and we have started a vegetable garden which has cut the cost we spend on vegetables. We have also started plans to develop eight plots of land Cassava farm that can provide a year-long supply of our main staple food called the "garri".

This would be a problem for those who live in the city and have no extra space, but I've seen new technology right now about vertical farming and hydroponics, which is really good for those who have no soil or extra space, though it would still be beneficial if you have backyards as you can easily plant. Most of this was done in province, not just to save money but also to be healthy since you'd be cooking it yourself rather than buying it outside. Even just planting it in a single pot can save you money over buying it.

I may be wrong, but it seems to me that growing agricultural products in the city is not a very profitable activity.....

You may be able to grow more useful and environmentally friendly agricultural products, but it is very difficult to compete in agriculture with a well-organized agricultural agro-industrial holding. 

Any industrial production allows you to produce products cheaper than an individual manufacturer. 

Therefore, even taking into account the retail store margin, it may be more profitable to buy food products in the store.  There are also special shops selling healthy and environmentally friendly agricultural products.  They have one drawback - the food sold there is more expensive than the food sold in regular chain stores. 

In my opinion, it is expedient for a city dweller to focus all his efforts on training new promising professions in the field of IT technologies. 

This will increase your income and more successfully survive the global economic crisis.

[Die_empty]

Your strategy and awareness will work for many people. It's hard to call it survival; I think you live a full, real life, and your children will receive many more good examples than even children who can study in private schools, but they have very few parents in their lives.
My respect.

I want to deeply appreciate your kind words of encouragement @lovesmayfamilis. I have faced a lot of criticism from friends and family that think that my strategies are weird. They want me to take loans or buy things on credit so that I can be "comfortable". But I have learned to ignore their side talks and mockeries because I know where my shoes are pinching me. Most of these people are not willing to offer any financial assistance and when you default on loan repayments, they are the ones that will laugh you to scorn. I have decided to focus on my family and live within my income. I desire that all the hard work and sacrifice me and my wife is putting in will not be in vain. Thank you again for your support.

[Smartprofit]

Your strategy and awareness will work for many people. It's hard to call it survival; I think you live a full, real life, and your children will receive many more good examples than even children who can study in private schools, but they have very few parents in their lives.
My respect.

I want to deeply appreciate your kind words of encouragement @lovesmayfamilis. I have faced a lot of criticism from friends and family that think that my strategies are weird. They want me to take loans or buy things on credit so that I can be "comfortable". But I have learned to ignore their side talks and mockeries because I know where my shoes are pinching me. Most of these people are not willing to offer any financial assistance and when you default on loan repayments, they are the ones that will laugh you to scorn. I have decided to focus on my family and live within my income. I desire that all the hard work and sacrifice me and my wife is putting in will not be in vain. Thank you again for your support.

In my opinion, credits and loans are very dangerous. 

A person raises his level of income in the present, but lowers it in the future.  This is not very scary if the world economy is on the rise and its condition is improving over time. 

However, this is currently not the case.... Each subsequent generation lives worse than their parents. 

Loans and credits can be taken on real estate (and only if there is absolute certainty that the property will increase in value).

[FireDAOJackie_Z]

Keep it up, OP. If you manage to progress in these conditions, you will gradually build up a heritage, and as time goes by when you don't realise it, you will see that better times will come and everything will be easier. A lot of people sacrifice their economic future to wear flashy clothes and stuff like that but you are doing the opposite, building yourself a great future by simply controlling the present. Bravo.

OP's strategies are not only suitable for difficult economic circumstances but also can apply to everyone's life in general. It's about a manageable lifestyle. I'd also appreciate OP's courage to do so except the homeschooling thing. You see, from the perspective of saving money, homeschooling is an option, a very reasonable option actually. However, the purpose of education is not to survive but improve ourselves, physically and spiritually. Children are meant to play with children and the companionship between peers is something we,as parents, can never teach. I understand your situation and am not saying this is wrong. If your economic condition improves in the near future, it is still better to send your children to school. Learning how to adapt to society is one of the most important lessons for kids.

[dezoel]

Homeschooling seems to be the only part that is a bad decision. There is a reason why schools exists and it is not just to teach kids and educate them, it is also there for socializing, kids who grow up with at least 20+R other kids would grow up to be a bit more normal socially, sure there are some weird grown ups who grew up with other kids, being bullied and so forth could have dire impacts in adulthood, but that is not for every kid, that's a small portion, whereas most people turn out to be regular normal people.

Hence, I can't support that, send to a public school if you want to but send you kids somewhere without a doubt, there is no way they should be homeschooled.

[Rockson1]

Thank you very much for your formation what we are facing now in economics crisis an inflation is getting out of hand in the global world,how to survive the economic situation is now a global problems some are having mental depression on how to survive there living
to survive our daily living is now a big problems couple with the current situation of currency scarcity, in my country where POS operators will share ur little money with u 5000 to 2000 u as the owner ur money is 3000 when you  have a proper management with ur family is all about good family planing just as the OP said reducing our cost of living is very very important, then knowing where to buy food items in affordable price and store them very well too is important,involving in one or two types of business in other to generate our daily income rate is a very important one too investing in bitcoin an real estate is a very important one too, but talking about homeschooling is not advisable because at home they are not meeting with their school mate's where they have more interactions with other children's out their in the school.

[Theones]

Thank you very much for your formation what we are facing now in economics crisis an inflation is getting out of hand in the global world,how to survive the economic situation is now a global problems some are having mental depression on how to survive there living
to survive our daily living is now a big problems couple with the current situation of currency scarcity, in my country where POS operators will share ur little money with u 5000 to 2000 u as the owner ur money is 3000 when you  have a proper management with ur family is all about good family planing just as the OP said reducing our cost of living is very very important, then knowing where to buy food items in affordable price and store them very well too is important,involving in one or two types of business in other to generate our daily income rate is a very important one too investing in bitcoin an real estate is a very important one too, but talking about homeschooling is not advisable because at home they are not meeting with their school mate's where they have more interactions with other children's out their in the school.

Lots of problem we are facing these days. People are cutting most of the purchases.
many economist concluded that in coming time things will be more difficult. So we have to brace ourselves for the harsh time.

[huu78]

This would be a problem for those who live in the city and have no extra space, but I've seen new technology right now about vertical farming and hydroponics, which is really good for those who have no soil or extra space, though it would still be beneficial if you have backyards as you can easily plant. Most of this was done in province, not just to save money but also to be healthy since you'd be cooking it yourself rather than buying it outside. Even just planting it in a single pot can save you money over buying it.

but not everyone wants to do that or have the time to do it, because maybe for some reason it is difficult for some people, maybe there are other options.

[Theones]

Homeschooling seems to be the only part that is a bad decision. There is a reason why schools exists and it is not just to teach kids and educate them, it is also there for socializing, kids who grow up with at least 20+R other kids would grow up to be a bit more normal socially, sure there are some weird grown ups who grew up with other kids, being bullied and so forth could have dire impacts in adulthood, but that is not for every kid, that's a small portion, whereas most people turn out to be regular normal people.

Hence, I can't support that, send to a public school if you want to but send you kids somewhere without a doubt, there is no way they should be homeschooled.

Homeschooling is a very good idea - but it's difficult at the same time. A person like me would not be consistent to do it for a longer period of time.
But having said that I have seen a lot of mother who are doing this to better educate their kids and save some buck as well. This is very much in demand as well.

[19Nov16]

Homeschooling seems to be the only part that is a bad decision. There is a reason why schools exists and it is not just to teach kids and educate them, it is also there for socializing, kids who grow up with at least 20+R other kids would grow up to be a bit more normal socially, sure there are some weird grown ups who grew up with other kids, being bullied and so forth could have dire impacts in adulthood, but that is not for every kid, that's a small portion, whereas most people turn out to be regular normal people.

Hence, I can't support that, send to a public school if you want to but send you kids somewhere without a doubt, there is no way they should be homeschooled.

Homeschooling is a very good idea - but it's difficult at the same time. A person like me would not be consistent to do it for a longer period of time.
But having said that I have seen a lot of mother who are doing this to better educate their kids and save some buck as well. This is very much in demand as well.

Homeschooling is indeed more effective and economical, the thing that makes it difficult for us to implement homeschooling is that children get bored easily and won't concentrate when studying, they will see toys or a place to play at home making it very difficult, I've tried homeschooling but it wasn't satisfactory and I had to find a school that according to the child.

[Smartprofit]

Homeschooling seems to be the only part that is a bad decision. There is a reason why schools exists and it is not just to teach kids and educate them, it is also there for socializing, kids who grow up with at least 20+R other kids would grow up to be a bit more normal socially, sure there are some weird grown ups who grew up with other kids, being bullied and so forth could have dire impacts in adulthood, but that is not for every kid, that's a small portion, whereas most people turn out to be regular normal people.

Hence, I can't support that, send to a public school if you want to but send you kids somewhere without a doubt, there is no way they should be homeschooled.

Homeschooling is a very good idea - but it's difficult at the same time. A person like me would not be consistent to do it for a longer period of time.
But having said that I have seen a lot of mother who are doing this to better educate their kids and save some buck as well. This is very much in demand as well.

Homeschooling is indeed more effective and economical, the thing that makes it difficult for us to implement homeschooling is that children get bored easily and won't concentrate when studying, they will see toys or a place to play at home making it very difficult, I've tried homeschooling but it wasn't satisfactory and I had to find a school that according to the child.

Home schooling of children can be considered as a means of saving the family budget.  

However, homeschooling has significant drawbacks.  At present, the main value for people is not knowledge (search engines and neural networks are always ready to provide people with any information upon request), but social communication skills.  To acquire these skills, the child must communicate with peers.  

Learning together with other children, the child learns to obey and command, to be at enmity and to be friends.  It is at school that a child can acquire leadership skills and learn to work in collaboration with other people.  

These skills are of great value and cannot be acquired through home schooling.

[Theones]

Homeschooling seems to be the only part that is a bad decision. There is a reason why schools exists and it is not just to teach kids and educate them, it is also there for socializing, kids who grow up with at least 20+R other kids would grow up to be a bit more normal socially, sure there are some weird grown ups who grew up with other kids, being bullied and so forth could have dire impacts in adulthood, but that is not for every kid, that's a small portion, whereas most people turn out to be regular normal people.

Hence, I can't support that, send to a public school if you want to but send you kids somewhere without a doubt, there is no way they should be homeschooled.

Homeschooling is a very good idea - but it's difficult at the same time. A person like me would not be consistent to do it for a longer period of time.
But having said that I have seen a lot of mother who are doing this to better educate their kids and save some buck as well. This is very much in demand as well.

Homeschooling is indeed more effective and economical, the thing that makes it difficult for us to implement homeschooling is that children get bored easily and won't concentrate when studying, they will see toys or a place to play at home making it very difficult, I've tried homeschooling but it wasn't satisfactory and I had to find a school that according to the child.

Home schooling of children can be considered as a means of saving the family budget.  

However, homeschooling has significant drawbacks.  At present, the main value for people is not knowledge (search engines and neural networks are always ready to provide people with any information upon request), but social communication skills.  To acquire these skills, the child must communicate with peers.  

Learning together with other children, the child learns to obey and command, to be at enmity and to be friends.  It is at school that a child can acquire leadership skills and learn to work in collaboration with other people.  

These skills are of great value and cannot be acquired through home schooling.

The only problem - people are not preferring homeschooling is because most of the people think their kids won't be able to socialize and won't be able to move along with the society. which is also right - there are advantages and disadvantages of home schooling however I would say advantages are more than disadvantages

[Cryptock]

While growing up I will used to see a lot of parents hand down clothes from their eldest child to the younger ones, sometimes they even have to amend the clothes just so it will fit the younger ones. This was one of the methods of survival during the harsh economic realities of that time. I never understood this until I became older. In this time my survival strategies include:

- getting used items instead of new ones.

- taking walks to short distances instead of ordering a ride. I am considering buying a bicycle.

- I work out at home instead of spending money on monthly gym subscription.

- I bought a solar panel and batteries for electricity instead of using petrol powered generator whenever there is power cut.

- I have resorted to making my own body lotion instead of buying expensive lotions at the supermarket/malls.

I can go on and on but I'd stop here now. I hope I have been able to share some valuable insights.

That is a good thing - my parents used to hand down clothes - books and many other things to the younger sibling
we used to get the old stuff from the richer family members and it kept going until we started earning on our own and then we never looked back
bad times does not remain the same neither does good time

[bitgolden]

my parents used to hand down clothes - books and many other things to the younger sibling
we used to get the old stuff from the richer family members and it kept going until we started earning on our own and then we never looked back
bad times does not remain the same neither does good time

During my parents time that was like this too. My father was the biggest son so he usually got the brand new stuff, but his clothes ended up used by his brothers as well, same with school stuff as well, all the books and notepads and pencils and all that was shared basically whenever one needed it.

But they grew up, and the Chinese factory boom happened basically during my youth, and I was his only son, so I kept getting all kinds of great life thanks to him being great father and helped me get a great life later as well, if I am living a great life today even without his help, that is all thanks to him knowing the value of money back when he was a kid.

[DainSLane]

Growing some crops: We have little space in our compound and we have started a vegetable garden which has cut the cost we spend on vegetables. We have also started plans to develop eight plots of land Cassava farm that can provide a year-long supply of our main staple food called the "garri

Hi Dera sir Some tips for a successful vegetable garden and cassava farm include planning carefully, starting small, using compost, watering wisely, managing pests and diseases, harvesting regularly, and storing crops properly.

[dunfida]

my parents used to hand down clothes - books and many other things to the younger sibling
we used to get the old stuff from the richer family members and it kept going until we started earning on our own and then we never looked back
bad times does not remain the same neither does good time

During my parents time that was like this too. My father was the biggest son so he usually got the brand new stuff, but his clothes ended up used by his brothers as well, same with school stuff as well, all the books and notepads and pencils and all that was shared basically whenever one needed it.

But they grew up, and the Chinese factory boom happened basically during my youth, and I was his only son, so I kept getting all kinds of great life thanks to him being great father and helped me get a great life later as well, if I am living a great life today even without his help, that is all thanks to him knowing the value of money back when he was a kid.

When you are raised on a situation where it isnt really that appealing or something that you could really say that it is hard, then you would likely be able to grow which does appreciate things around you and on things which you do acquire through hard work.This is the main difference comparing into those people who are provided on everything.Im not saying that its a must but we could really actually see the difference.
When it comes to harsh economic conditions then we do know that those who do live on middle-poor class are the ones who do mainly been affected and struggle that much,
this is why if you are a father of a certain household then of course it would really be normal that you would be finding methods and ways to sustain.