Inflation and recession are the most common words at the moment which are well known all over the world. Yes, it is true that the whole world is facing and feeling this pain, and it is getting worst day by day. This worse situation is mainly hitting the most to middle class people as per my opinion, however, everyone is affected and getting after effects of this inflation.
As a common man, I don’t know much about economic situations or analysis or whatever the reason is, if everything is to be handled by common public then what are the Upper management, government or United Nations or whoever the responsible people doing to control this inflation. Since childhood, I have seen the rise in prices and never seen this going down. But for the last couple of years, I have seen the worst situations in my country and for the past 1 year, it is massive. It is like prices get increase over night. When you woke up next morning, you have bad news with something getting hike price. Even a child in Pakistan knows about this inflation but what we don’t know is how to get rid of it, even our responsible people whom we elect so we can have a peaceful life.
Honestly speaking, this is not going to end soon until we take some serious action against it but then the question is who will stand against those powerful people who handle all this plus we are so busy in doubling our earnings that we don’t have time to even think about it. Life is getting tough day by day and we are doing nothing but making it more difficult for our next generation.
Talking about myself, I don’t have much responsibilities at home, everything is handled and taken care by my Father. Still there are only few things which are under my control so I think about those people who are living individually, I mean not in joint family. Living in joint family is very beneficial in todays world. There are too many advantages of having family support. This is a part of our culture here but people are not adopting it nowadays. This should be adopted which will surely make things better financially.
Another thing which I see my Father takes care of is utility bills. Prices of electricity and gas are increased a lot and in order to have reasonable utility bills, we avoid unnecessary usage of electricity and gas, like from 6 to 10 in the evening, electric meter runs wildly so we don’t use iron, AC or any heavy use item.
Prices of meat and vegetables are almost doubled, so my Father efficiently decides keeping in view the monthly budget, food for lunch and dinner. There was a time when we used to eat food from outside very often but this is what we can control very easily. Now, we only have few treats from outside on birthdays or some special occasions. We have also controlled outside dinners but this is what I cannot control lol. I try to save and have something twice a month.
Now, coming to saving point, it is a joke to save money these days. Well, I am unable to save and I really thought about it a lot. Finally, last year I started working on Hive. You can say that this is the surviving strategy I adopted, something other than my salary. And it really works for me. This is not giving that much at the moment, but still I manage to get something out of it plus, I am getting other opportunities through this platform where I invest from what I earn from here. I am not taking everything out of it. This was the real hard decision for me because I am very bad at savings. But I am getting better from the day I joined Hive. Recently, I invested in Golem Overload, Muterra, Legion token and Riftwatcher packs. No doubt, I earned good amount of money from all this. So, saving is important no matter how much it is, it should be adopted. This is the time or else it would be too late.
Another thing which comes very beneficial for me is bike pooling. I used to hire bike online for going office and coming back home which cost me a lot but when petrol prices reach sky high, I discussed with one of my colleague for pick and drop and I will pay the half of what it cost to him. It saved me more than half of what I used to pay. I really like this idea and even talk about it at work to share your rides which will be cost effective for both parties but people don’t pay attention to this however, our It head impressed with the idea and use car pool which helped him to save a lot. So, this is another strategy which can be applied in this inflation era.
Overall, the time is of hand to mouth but still we can manage if we follow some basic things and strategies. On the other hand, we need to also think of how to get rid of this so our next generation wont abuse us for doing nothing and just wasting time in earning double to fulfill the basic necessities. I am clueless at the moment but hope to have something soon or just pray that some hero comes out of nowhere to stop this inflation and recession and gives us all the better life for our next generation.