Inflation is really hurting and how!!
Just yesterday i wanted to order pizzas and it seems even that no longer is sacrosanct in this world of high prices and i just delayed that purchase.
Lets look at how we have changed over the last few decades .. Just in terms the way we spend every month..
Before
An eat out would be like once in three months or even once a quarter with our parents
Today
If we dont eat outside food at least once a week .. Then we feel empty
Before
Gifts were usually during the festivals .. Let it be electronic goods or new clothes.
Today
Electronic goods we buy when we need them... I mean we need them today.. And we cannot wait or plan earlier..
Festival gifting has to happen.. This is our tradition so we need to spend then
Before
Nothing would be wasted.. Clothes , food , socks.. Everything would be reused
Today
Its not an in thing!!
I can keep adding on here.. But basically savings have gone down significantly....
As our salaries grow.. Our savings potential should be higher
Reevaluate where you are in the cycle .. And if it makes sense.
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