Cost of Living Crisis: Making Ends Meet in Today's Economy

in voilk •  3 months ago

    Image by Lutz Peter from Pixabay

    Nowadays I'm trying to meet our expenses but it is only becoming difficult to manage it when the cost of living is going higher to the level where middle class and lower have to give up on things to live.


    We only live for once and than sacrificing something to buy something else just because of low budget isn't the way anyone want to live that only life they have but it is becoming a reality of today's world.

    This last month and the present is going on way out of my budget and seems like I did mistake moving to city for studies. It's all about cost of living in my country and the way coping with It.


    Comparing My Budget to the Cost of Living: Finding Financial Balance

    It's about couple of months ago when my budget used to be within $100 and I was able to live off that the entire month. From bills to rent and groceries etc all was making sense.


    Now in these last two-three months the cost of living is like above $150 and it's just the bills, rents, groceries, no other thing costing me more than these three.

    Image by Steve Buissinne from Pixabay

    At least the rent is fixed, we just moved to a new home yesterday and was busy setting up things at home so it took like two days to move out from one home to another and now this home rent is a bit less than previous one.

    100% Tax on Bills

    I'm paying 100% taxes on electricity, gas bills like if the bill is 3000 PKR, I'm paying 6000 PKR. They are adding "fuel adjustment" and tens of other taxes that doesn't make any sense

    While the energy consumed is at 3,000 let's be honest.. they can charge 1000 as a tax but it's like thievery and luckily I saw someone on other social platform also complaining about it but ain't no one ready to protest or take it to another level.

    I've Cut off every unnecessary Expense

    The fact that I'm spending money on needs and essential like groceries over my wants or any other unnecessary things.

    Image by M. H. from Pixabay

    From a long time I was thinking about getting in shape and joining a gym but I just can't add another "fee/rent" in my budget.

    At this point, I'm skipping this thing to get the other thing that makes more sense to make living even though I've been making the same income I was some months ago but the cost of living is higher now.

    Conclusion...

    There's only two solutions of this situation; one is pack up everything from here and move back to hometown and that won't cost me rent anymore and bills are cheap like it's almost free.

    I'd have done this long ago if it wasn't for completing my studies and younger brothers as well are studying here in schools.

    On the other side, next and only solution is find a way to increase the income. I'm trying all I can and hopefully our economy will do better In future and make ease in people life.

    In the end I'm looking forward to hear your thoughts on this in the comments.

    fin.

    Your support is much appreciated. Don't Forget to hit Upvote, Comment and Re-blog.

    Thanks for reading.
    Greetings.


    All the content and images are mine except indicated. No copyright infringement intended. 06/04/2024.

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