By Burnett Munthali

I now take you through the high cost of living which is here in our midst. The cost of living has really gone up more than we thought and expected. The sad thing is that it keeps rising. Everyone is getting affected. Everyone is getting scared. We need to do something now in order to survive this heavy storm. We cannot wait and stand aside doing nothing about it and expect something better to happen to us. We are all into this mess together and we need to swim hard across the sea shore.

Cost of living has gone down with such Agri produce

Here is a list of tips to keep your head above the water even with rising prices:

  1. Assess Your Financial Situation

Make sure you are not spending more than what’s coming in. There are other ways you can spend less money. Cancel unused subscriptions. We are certainly in the subscription economy!

Review your cell phone bill. Keep a list for food shopping. Track your spending. Use extra cash to pay of high interest rate debt. Unsubscribe from promotional emails. Focus on the spending not the savings. Then you will be able to control your spending habits and probably save.

  1. Cut Back Your Spending

Eliminate unnecessary monthly expenses that you can live without.

You should focus on what is necessary and unnecessary spending. Basically, there are two different categories when it comes to expenses: the necessary kind and the unnecessary kind. The goal is to nip the ones you don’t need so that you can pay for those you must in a timely way.

  1. Save For Emergencies

Lets now look at what is considered an emergency situation.

An emergency is an urgent, sudden, and serious event or an unforeseen change in circumstances that necessitates immediate action to remedy harm or avert imminent danger to life, health, or property; an exigency.

Emergencies will always come and they come without warning at a time you do not expect. That’s why you need to plan for emergencies well in advance because they will surely come one day at an unknown time. The most unfortunate part is that you do not know what emergency and when it will come.

  1. Stretch Your Meals

You can stretch your meals during a financial crisis.

Plan before you cook. Always keep eggs on hand. Serve fruits before dinner. Load up on sides. Add beans.
buy whole instead of parts. Try a meatless Monday. Turn it into a soup.

  1. Do It Yourself

Finally I want us to look at what do it for yourself is all about.

Do it yourself is the activity of doing or making something (as in woodworking or home repair) without professional training or assistance broadly :

It is an activity in which we do something ourselves or on our own initiative.

Let’s start doing some of the things in our own to reduce expenditures because we are in a time of very high cost of living. However, we need to do something now in order to survive this high cost of living increase if not we are going to sink

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