Surviving the bad economy

@ellie26 (4139)
Malaysia
April 6, 2008 10:31am CST
The current economy situation is critical. Prices of everything goes up and people are starting to budget. What do you do to reduce your current expenses?
1 person likes this
3 responses
6 Apr 08
I have started to be selective about where I shop for groceries. It is quite surprising how much you can save each week by perhaps buying a supermarket's own brand, instead of an expensive brand. I don't mean buy the cheapest of everything, I mean be selective. If you think about it, a tin of tomatoes is generally a tin of tomatoes. Just because it has "Heinz" on the front, doesn't mean that it contains super-tomatoes. Read the labels of things, so you know what you are getting. And for some things, choose the cheaper option.
@ellie26 (4139)
• Malaysia
6 Apr 08
Yes, I am too. I used to shop things that I don't even need. But now, I have to be more careful with my budget so that I won't overspend. It is very difficult for me now that my husband is not working.
6 Apr 08
I have also become an ebayer. I am having a clear out and selling the stuff which is of good condition, but that I haven't used or don't need. Someone else may as well get the use out of it, at a knock down price. Sometimes just a few quid here and there really helps.
1 person likes this
@bbsr13 (4196)
• India
6 Apr 08
Hello,ellie! The world economic condition is going through a bad period.the price rise of all commodities effect the pockets of all specially the middle class and the poor.i was managing my household expenditure with a monthly budget but now facing deficit in every month.I am a pensioner and experiencing much hardship to meet my requirements.what to speak of the poor people just imagine how they would feed their children with their scanty income.these people go with bare necessities,which expenditure they will curtail i don't understand.the government has to do some thing to arrest the price hike .thank you.
@ellie26 (4139)
• Malaysia
6 Apr 08
I agree with you that government should do something about the price hike. Otherwise, people will not be able to buy things and shop will have to close down because there are no buyers.
@lishiwei (1550)
• China
6 Apr 08
Though the things are more and more expensive,I don't too care of that.I don't know what should I to for it.Do you have some good ideas?I think it should do by all of us.
1 person likes this
@ellie26 (4139)
• Malaysia
6 Apr 08
Perhaps we should evaluate our spending habits. Cut down on things that aren't important or necessary like eating out or buying new clothes just to name a few.