Amos 8:11 – “Behold, the days come, saith the Lord Yahweh, that I will send a famine in the land”

 

How To Fight Inflation And Win

The US dollar is losing value and the price of our daily necessities continues to increase. You can fight inflation and still win in this economy.

The cost of living increases every year but the average consumer living on a fixed income does not.

To stay out of debt most people use cash during times of high inflation, which decrease savings on a national scale.

 

 

Inflation causes business to close there doors due to losses incurred.

It’s no surprise to anyone that gas prices are on the rise and seem to show no sign of relief.

I don’t mean to be a Debbie Downer, but this post is about overcoming and saving money even in the face of inflation.

 

 

Where to start

Invest in commodities such as silver, oil, and metals. Historically, the prices of commodities rise greatly during an inflation and you stand to benefit from that trend.

Establish a support group or network. If you can set up groups for trading services or goods (like lawn mowers, tools, etc.), you’ll all be in better shape when rising prices really start to take off.

Start your own garden as soon as you possibly can to grow your own fruits and veggies.

 

 

Before the cost of your utilities skyrockets, look into ways to save on your bills. Cut back where and when you can.

Are you turning lights off when no one is in the room? Are you using energy efficient appliances?

Now may be a great time to stock up on non-perishables when you find good sales. Buy in bulk (reduces inflation).

Try and increase your income so that you can at least try to keep your earnings consistent with the current value of your money.

 

 

If you are employed with a company, it doesn’t hurt to ask for a raise! Of course be smart about it 🙂

Entrepreneurs could increase their income by simply increasing business along with side hustles!

Find another source of income, whether you attempt to start your own business, make money from a hobby, or find other ways to pick up a little extra cash.

 

 

Save money when you can

When the interest on money saved is actually lower than the inflation rate, it may seem stupid to save. However, saving your money is still important.

Keep some cash on hand and keep some in a safe place of your choice (e.g., bank, safe deposit).

I personally keep enough funds in my bank account to cover monthly expenses, but that’s me.

Saving money on gas is one of the many areas you should focus on. Take public transportation if you live in the city.

 

 

Find a group of people to carpool with to work if possible? Drive below the speed limit, this reduces your use of gas believe it or not.

Use the internet as a resource for finding the cheapest gas price in town. Keep your car properly maintained and tuned.

Planning out your meals and making grocery lists based on a meal plan means you’ll be less likely to waste money.

Cut back on meats to reduce your grocery bill, because beef and chicken tend to be some of the more expensive items in the store.

 

 

Where I stand

I am all for thriving and seeing results. No one at least I believe wants to struggle, be poor or have nothing.

Business are increasing their prices to fight inflation, who can blame them?

You are only stuck where you are if you chose to believe that! When you want something really bad, you need to work towards getting it.

Banks are limiting transactions right now due to many factors (e.g., reverse repo, less cash circulating).

Be smart, do your research, plan ahead and prepare an emergency fund.

 

 

Inflation is unpredictable regardless of what’s publicly made available. Only you can save yourself and family at the end of the day.

Learn to think outside the box. Learn to do things differently, it doesn’t mean your doing it wrong.

Eat healthy, exercise and take care of yourself until next time! Shalom

 

 

DISCLAIMER: I am not a financial adviser. This site is for educational purposes only. It is imperative that you do your own research. I am sharing my opinion from personal research and experience with no guarantee of gains or losses on investments, finance etc.

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