What are the best way to tackle against inflation

[Hamza2424]

What are the measures to deploy for the government to know that Civil servants salary should be added in respects to inflation rate to enable them meet up with the ways things are going currently.

What do you think?

Bro, if by civil servants you mean people who are government employees, then they are already getting increments. If you mean people who work in private companies or on contracts and whose employer is not the government, then their salaries are often lower than the minimum salary fixed by the government.

It is true that they set their own salaries too high in the first place, and when they announce a new budget, they make sure that if it is a good year and everyone in the senate has supported it, then their salaries will be increased. Here, they increased the salaries by around 7% for the citizens, but for politicians they increased them even more.

We can only create a fuss about it, but most of the time these things are not transparent or publicly announced. That's why we can't be sure about their actual salaries.

[Vaculin]

There isn’t a definite method to tackle inflation but, you can always rely on what works at the end of the day.
Many has taken this to be having to cut down cost with the hope on surviving with a minimal budget to go through life but then, one of the means to get past inflation is investment. Money invested can hardly be lost with the right kind of management and it can grow with the time. If you actively run a business, the cost of goods is bond to go up as cost of living is growing as well. That means, you might just roll with the tides and be normal.

Investment so far is the best avenue that we can tell that could hedge against inflation. And as we continue and grow our investment, we may feel less inflation but more profits coming our way, especially if we come up with multiple investments that will generate us bigger amount of income.

This is no longer relying on the government and help us beat inflation, they have their own means to do that, even if it means benefiting only them, not us. This is the bigger reason why we should focus working on what's best for us and what we are more capable of doing, because its also us that will benefit in the long run.

[Nightwatchmare]

It has come to my notice that when things go high, salary will still remain the way they are, which is not encouraging. how do you expect a whole family of two children or more than to feed fine when the salary they are receiving can bearly pay for house rent, electricity bills and so on. The surprising part, is that when inflation happens it do not affect our leaders, because there money is being increased which they can purchase whatever they want even more than high level of things.

To my own best knowledge, on the best way to tackle inflation, is that when inflation happens, every civil servant salary should be increased and not only them, it should also be extended to a private sectors, in other to meet up to the demands of inflation. And also, government should find a better solution to handle inflation, when ever it occurs.

[eightdots]

It has come to my notice that when things go high, salary will still remain the way they are, which is not encouraging. how do you expect a whole family of two children or more than to feed fine when the salary they are receiving can bearly pay for house rent, electricity bills and so on. The surprising part, is that when inflation happens it do not affect our leaders, because there money is being increased which they can purchase whatever they want even more than high level of things.

To my own best knowledge, on the best way to tackle inflation, is that when inflation happens, every civil servant salary should be increased and not only them, it should also be extended to a private sectors, in other to meet up to the demands of inflation. And also, government should find a better solution to handle inflation, when ever it occurs.

There are many ways to fight inflation, and governments need to do it well. Those who raise prices excessively when inflation occurs must be stopped. If they aren't stopped, the inflation rate increases even further, negatively impacting citizens.

This isn't an easy task for governments, and many people in the country need to help fight inflation. Hoarding or selling a product at a price far above its normal value is not acceptable behavior.

[ndutndut]

It has come to my notice that when things go high, salary will still remain the way they are, which is not encouraging. how do you expect a whole family of two children or more than to feed fine when the salary they are receiving can bearly pay for house rent, electricity bills and so on. The surprising part, is that when inflation happens it do not affect our leaders, because there money is being increased which they can purchase whatever they want even more than high level of things.

To my own best knowledge, on the best way to tackle inflation, is that when inflation happens, every civil servant salary should be increased and not only them, it should also be extended to a private sectors, in other to meet up to the demands of inflation. And also, government should find a better solution to handle inflation, when ever it occurs.

In my opinion, it's inappropriate even wrong to address inflation by raising civil servant and private sector salaries, especially if done simultaneously with the aim of offsetting inflation. In reality, what actually happens is that it will only worsen inflation. This will create a worsening economic cycle where the rising cost of living leads to higher company prices, which in turn triggers even more severe inflation.

An effective way to address inflation from the government might begin with implementing appropriate management policies, such as raising interest rates to reduce the money supply and reduce demand. Furthermore, in fiscal policy, the government must reduce unnecessary spending and reduce regulations that hinder production to stabilize food and energy prices. After all of this has been done to address inflation, then mass salary increases can be implemented. Realistic salary increases should only be implemented after inflation has been successfully controlled.

[Crypto_Timothy]

What do you think?

Inflation can quickly erode the purchasing power of wages so yea it is understandable why many civil servants struggle even when their salaries remain unchanged.
I think one practical measure is to establish a transparent wage review system that automatically evaluates public sector salaries against inflation and the cost of living at regular intervals, rather than relying on occasional political decisions, especially in my country, i dont even think they are bothered that much to help the citizens. Then the government should also strengthen independent wage commission and prioritize spending on essential public services and workers instead of excessive political benefits, i know it is easier said than done but these are the responsibilities of the government and also at the same time, salary increases need to be balanced with economic productivity and government revenue to avoid creating even more inflation.

[Grace333]

As a citizen living in an economy where inflation keeps increasing the best thing to do is to buy assets that aren't affected by the economy's inflation, and bitcoin happens to be one of the best anti-inflation asset currently in the world. And for those who already have an asset that is anti inflation, the best thing they can do is to not liquidate their asset for fiat if they need money then they should only liquidate what they need not excess that they might not need in the next 6 months except it wants. Normally people in such economy are supposed to be very strategic with their spending to keep their lives a bit balanced.

[Yeesha]

It has come to my notice that when things go high, salary will still remain the way they are, which is not encouraging. how do you expect a whole family of two children or more than to feed fine when the salary they are receiving can bearly pay for house rent, electricity bills and so on. The surprising part, is that when inflation happens it do not affect our leaders, because there money is being increased which they can purchase whatever they want even more than high level of things.

To my own best knowledge, on the best way to tackle inflation, is that when inflation happens, every civil servant salary should be increased and not only them, it should also be extended to a private sectors, in other to meet up to the demands of inflation. And also, government should find a better solution to handle inflation, when ever it occurs.

There are many ways to fight inflation, and governments need to do it well. Those who raise prices excessively when inflation occurs must be stopped. If they aren't stopped, the inflation rate increases even further, negatively impacting citizens.

This isn't an easy task for governments, and many people in the country need to help fight inflation. Hoarding or selling a product at a price far above its normal value is not acceptable behavior.

The fact is that is going to be extremely difficult to eliminate inflation at this point, because a lot of things have gone out of hand. But if the government at least try or attempt to solve these problems to ensure that the rate of inflation decreases, the government can find it way with less stress, is going to be much easier for the government to tackle these issues. In order to ensure the security, growth and development of our countries we must be united, but the government failed to collaborate with the citizens and move hand in hand with them. We must ensure accountability  to know exactly where the problem is coming from. Every citizen can contribute positively to the society in one way or the other, including helping to reduce the rate of inflation.

[AmoreJaz]

As a citizen living in an economy where inflation keeps increasing the best thing to do is to buy assets that aren't affected by the economy's inflation, and bitcoin happens to be one of the best anti-inflation asset currently in the world. And for those who already have an asset that is anti inflation, the best thing they can do is to not liquidate their asset for fiat if they need money then they should only liquidate what they need not excess that they might not need in the next 6 months except it wants. Normally people in such economy are supposed to be very strategic with their spending to keep their lives a bit balanced.

And that means, you need to invest in real-estate or precious metals such as gold. Those tangible assets will just keep increasing its value. Hence, it is better to explore your opportunities in these assets. Aside from that, re-assess your lifestyle as you may be living in quite luxury. Be frugal and do your lifestyle check.

[Perfectbaby]

As a citizen living in an economy where inflation keeps increasing the best thing to do is to buy assets that aren't affected by the economy's inflation, and bitcoin happens to be one of the best anti-inflation asset currently in the world. And for those who already have an asset that is anti inflation, the best thing they can do is to not liquidate their asset for fiat if they need money then they should only liquidate what they need not excess that they might not need in the next 6 months except it wants. Normally people in such economy are supposed to be very strategic with their spending to keep their lives a bit balanced.

And that means, you need to invest in real-estate or precious metals such as gold. Those tangible assets will just keep increasing its value. Hence, it is better to explore your opportunities in these assets. Aside from that, re-assess your lifestyle as you may be living in quite luxury. Be frugal and do your lifestyle check.

That is correct because there are people who live extravagant lifestyle and sometimes, I do call it a competitive life style which easily affects people around them and could cause them to spend more higher in order to maintain a standard that they can’t truly afford to live. Sometimes we should try to tailor or mindset on the things that we needs because there is no need to get oneself involved in things that doesn’t matter at all.

[STT]

You deal with inflation by not having one entity in control of money supply.  Ideally a natural balance is achieved that cannot be increased to suit anyone in particular, all parties must work to earn that value.    At present we have political bias and corruption via that influence.
  Most people would say gold for a fair common element distributed evenly across the world, platinum for example cannot work as its heavily weighted to just a few places on earth.   In theory any commodity could be superior to the constant paper inflation we have right now and its being deliberately done and labelled as growth while some people grow ever poorer, distant from the source of this new money.

[free-bit.co.in]

As a citizen living in an economy where inflation keeps increasing the best thing to do is to buy assets that aren't affected by the economy's inflation, and bitcoin happens to be one of the best anti-inflation asset currently in the world. And for those who already have an asset that is anti inflation, the best thing they can do is to not liquidate their asset for fiat if they need money then they should only liquidate what they need not excess that they might not need in the next 6 months except it wants. Normally people in such economy are supposed to be very strategic with their spending to keep their lives a bit balanced.

And that means, you need to invest in real-estate or precious metals such as gold. Those tangible assets will just keep increasing its value. Hence, it is better to explore your opportunities in these assets. Aside from that, re-assess your lifestyle as you may be living in quite luxury. Be frugal and do your lifestyle check.

That is correct because there are people who live extravagant lifestyle and sometimes, I do call it a competitive life style which easily affects people around them and could cause them to spend more higher in order to maintain a standard that they can’t truly afford to live. Sometimes we should try to tailor or mindset on the things that we needs because there is no need to get oneself involved in things that doesn’t matter at all.

In other word, we should save and spend within our means instead of trying to keep up with other people's lifestyle.

On top of that, I do not think investing in inflation resistant asset like Bitcoin and gold, along with saving is enough. To deal with inflation and improve your standard of living, increasing your income should be the top priorit. The more you earn, the more you can save, invest, and build a solid financial cushion.

At the end of the day, your ability to earn determine how much capital you have to protect and grow, not just which asset you invest in.

[Perfectbaby]

As a citizen living in an economy where inflation keeps increasing the best thing to do is to buy assets that aren't affected by the economy's inflation, and bitcoin happens to be one of the best anti-inflation asset currently in the world. And for those who already have an asset that is anti inflation, the best thing they can do is to not liquidate their asset for fiat if they need money then they should only liquidate what they need not excess that they might not need in the next 6 months except it wants. Normally people in such economy are supposed to be very strategic with their spending to keep their lives a bit balanced.

And that means, you need to invest in real-estate or precious metals such as gold. Those tangible assets will just keep increasing its value. Hence, it is better to explore your opportunities in these assets. Aside from that, re-assess your lifestyle as you may be living in quite luxury. Be frugal and do your lifestyle check.

That is correct because there are people who live extravagant lifestyle and sometimes, I do call it a competitive life style which easily affects people around them and could cause them to spend more higher in order to maintain a standard that they can’t truly afford to live. Sometimes we should try to tailor or mindset on the things that we needs because there is no need to get oneself involved in things that doesn’t matter at all.

In other word, we should save and spend within our means instead of trying to keep up with other people's lifestyle.

On top of that, I do not think investing in inflation resistant asset like Bitcoin and gold, along with saving is enough. To deal with inflation and improve your standard of living, increasing your income should be the top priorit. The more you earn, the more you can save, invest, and build a solid financial cushion.

At the end of the day, your ability to earn determine how much capital you have to protect and grow, not just which asset you invest in.

That is true and I would also like to draw your attention that in most cases the more your income the more your expenses that is why most people spend more higher because they are also earning higher. The important thing should be adopting a simple lifestyle which should be able to help us reduce most of the things we spend on because, if you do not minimized how often you spend even though you have multiple stream income it would still affects you.

[BALIK]

As a citizen living in an economy where inflation keeps increasing the best thing to do is to buy assets that aren't affected by the economy's inflation, and bitcoin happens to be one of the best anti-inflation asset currently in the world. And for those who already have an asset that is anti inflation, the best thing they can do is to not liquidate their asset for fiat if they need money then they should only liquidate what they need not excess that they might not need in the next 6 months except it wants. Normally people in such economy are supposed to be very strategic with their spending to keep their lives a bit balanced.

And that means, you need to invest in real-estate or precious metals such as gold. Those tangible assets will just keep increasing its value. Hence, it is better to explore your opportunities in these assets. Aside from that, re-assess your lifestyle as you may be living in quite luxury. Be frugal and do your lifestyle check.

That is correct because there are people who live extravagant lifestyle and sometimes, I do call it a competitive life style which easily affects people around them and could cause them to spend more higher in order to maintain a standard that they can’t truly afford to live. Sometimes we should try to tailor or mindset on the things that we needs because there is no need to get oneself involved in things that doesn’t matter at all.

In other word, we should save and spend within our means instead of trying to keep up with other people's lifestyle.

On top of that, I do not think investing in inflation resistant asset like Bitcoin and gold, along with saving is enough. To deal with inflation and improve your standard of living, increasing your income should be the top priorit. The more you earn, the more you can save, invest, and build a solid financial cushion.

At the end of the day, your ability to earn determine how much capital you have to protect and grow, not just which asset you invest in.

That is true and I would also like to draw your attention that in most cases the more your income the more your expenses that is why most people spend more higher because they are also earning higher. The important thing should be adopting a simple lifestyle which should be able to help us reduce most of the things we spend on because, if you do not minimized how often you spend even though you have multiple stream income it would still affects you.

I am not against saving, but we should not be too stingy with ourselves either. Because after all, money is meant to serve our lives, not for life to be all about piling up money. We only get one life, so it makes sense to enjoy the rewards of our hard work, as long as we stay within our means. 

If all we do is save and never spend on our health, education, or experiences that truly matter, then making more money loses part of its purpose.

So there is nothing wrong with spending more to improve your quality of life if your income increases.

[sunsilk]

And that means, you need to invest in real-estate or precious metals such as gold. Those tangible assets will just keep increasing its value. Hence, it is better to explore your opportunities in these assets. Aside from that, re-assess your lifestyle as you may be living in quite luxury. Be frugal and do your lifestyle check.

Let us not have that mindset that they're not volatile and will only continue to increase its price. In fact, gold is also in correction lately and that's why the thought of it increasing continually sometimes isn't true.

But it's a good asset to hedge against inflation yet if I am going to choose, my best choice will be bitcoin instead of gold.

And other asset is going to be from real estate that I'll have it rent so that I can also earn passive income while sleeping.

[Iranus]

And that means, you need to invest in real-estate or precious metals such as gold. Those tangible assets will just keep increasing its value. Hence, it is better to explore your opportunities in these assets. Aside from that, re-assess your lifestyle as you may be living in quite luxury. Be frugal and do your lifestyle check.

Let us not have that mindset that they're not volatile and will only continue to increase its price. In fact, gold is also in correction lately and that's why the thought of it increasing continually sometimes isn't true.

But it's a good asset to hedge against inflation yet if I am going to choose, my best choice will be bitcoin instead of gold.

And other asset is going to be from real estate that I'll have it rent so that I can also earn passive income while sleeping.

In reality, there is no asset that can keep increasing in value without going through periods of volatility. All of them experience ups and downs because prices are affected by many different factor, such as supply and demand, market sentiment, and economic conditions. But most of them tend to increase in value in the long term.

Gold, Bitcoin, and real estate can all be considered investments and potential inflation hedges. Which one to choose depend on each person's risk tolerance, goal, and financial situation.

[sunsilk]

Let us not have that mindset that they're not volatile and will only continue to increase its price. In fact, gold is also in correction lately and that's why the thought of it increasing continually sometimes isn't true.

But it's a good asset to hedge against inflation yet if I am going to choose, my best choice will be bitcoin instead of gold.

And other asset is going to be from real estate that I'll have it rent so that I can also earn passive income while sleeping.

In reality, there is no asset that can keep increasing in value without going through periods of volatility. All of them experience ups and downs because prices are affected by many different factor, such as supply and demand, market sentiment, and economic conditions. But most of them tend to increase in value in the long term.

Gold, Bitcoin, and real estate can all be considered investments and potential inflation hedges. Which one to choose depend on each person's risk tolerance, goal, and financial situation.

That's what I can agree with. All of them are volatile and I think even with stable coins if people think that they're assets to hold, the volatile is still on them and they can't skip that.

All of these assets are volatile in nature although if we're going to look in the long term, they're all going to increase in nature because that's how they're designed to be.

I think all of us have learned to be risk takers either of these assets we choose because we understand that it has to be part of investing.