Surviving The Inflation

With each passing day, we wake up and have to adjust to the new cos of goods and services. It moved from a yearly occurrence, to a monthly thing but now it is seen on daily basis.

The cost at which you got a product would no longer be the price the next time you go to purchase it.
The inflation rate is very rapid and it cuts across almost all sectors.
Commonly, people now say that the cost of living is killing the living and the reason is obvious.

The economy is so bad that merely spending money on food and other essentials consumes an unhealthy portion of finances which makes it appear like one is extravagant. When in reality, you are barely surviving.

The cost of feeding has seen almost a 100% increase over the past year and the price would depend on the location you are buying the food and the aesthetics.
Also whether you are buying cooked food in a restaurant or buying raw food items to prepare on your own would lead to different financial outcomes.

Currently in my area, buying a plate of food from the regular food vendors costs about ₦1000 to ₦1,500 depending on the food and the decision to add "proteins".
That means that one who does not cook but eats three times a day would spend about ₦21,000 to ₦30,000 on food alone but by buying food items and cooking for yourself, ₦30,000 would comfortably feed you for about 2 or 3 weeks and you will be more satisfied with each meal.

Transportation is a constant money finisher. Movement is an essential part of our lives just like food.
The cost of fuel among many other factors has increased the cost of transportation tremendously.
On an average day, I would spend about ₦1,000. That is if everything goes normal. Which is not always the case.
Hence, I do see myself spending about ₦2,000 on some days just to get to my various destinations.

The cost of Electricity and Gas has also risen and impacts heavily on my finances.

As a result of all these, having a good savings plan becomes more important than before but implementing it is even harder because while you may be able to store away some cash for the rainy day, it rains the very next day and the savings begins to do it's work- save you.

The situation doesn't show signs of getting better because the activities of government in response to the inflation has made their claims of trying their best to be an obvious lie.
One thing which would help a lot of people at least in the meantime is an implementation of a reasonable minimum wage structure and paying it.

The ideal thing would involve economic measures to not only improve the quality of our currency but also to address the inflation and make the environment more comfortable for the citizens.

It is equally important for citizens to take the bull by the horn by becoming more creative and seek for better ways of making money. Especially making money in stronger currencies so that when converted to the local currency, it would do more for the individual.