Do you ever look back to those times you would have a little amount of money and you end up getting almost all your needs?
Or you ever reminisce on how you could spend a little amount of money with a lot of goods in return?
Do we say those are the good days?
or maybe time just changed?
Well as an individual I do these all time especially whenever I try to get somethings and the price is alarming
I guess this is where we fish out the cause of all which is inflation
Globally there's an increase and it's like all we used to get at cheaper prices now increases respectively even to things hardly used
Do we say time affects the economy or Maybe the economy itself just needs to be upgraded
Well, that's another talk for another day
The rate at which the world is getting hit by inflation is alarming and with a lot of negative consequences
Sometimes you just marvel at the new prices and wish you could go back in time
There's a tag for the persistent rise of things and such a tag is inflation
It's an economic term for the increase in the price of goods, no one like the term because it comes with instability and more spending but then can it be avoided?
Sometimes it occurs because of demand and other times it could just be because of bad economy
There would be times when prices of things skyrocket, it's not something we all do not expect at some point it's just that most times we never see it coming and once it comes it stays for a very long time at least in my country
Sometimes I wonder if I ever lived when things we get at a double price were once sold cheap
Sometimes I forgot there used to be sold at a cheaper price
Sometimes I just wish I can go back to when they were sold for cheaper price
sometimes it's all just so tiring
The rate of inflation in my country is alarming and very exhausting and here in my country once it hit or skyrockets it never comes down but rather increases
It's one disease that causes stunted growth for my country's economy and a lot of instability
It's a kind of rise that makes necessities hard to get and renders money less valuable
Inflation is having a bad turn here in my county and it affects all things
It has a bad turn here and making the cost of living expensive
Sometimes to survive here you rather stop saving and get what's needed now because you never can tell what the price would be the coming week, that's how bad it is here in Nigeria
Are there tips over inflation?
There should but it requires being strategic and that involves being strategic with cash flow
Inflation would make it hard to stay within budget and so the best plan is to reassess once spending I.e spending less
that way it could be curb
One other way is to avoid long time savings because inflation just makes long time saving less valuable
Inflation can be disastrous especially when it last longer than expected and flips things negatively
The important things to know the right move towards it to avoid been stranded from buying things at double price
