Exorbitant living xxpenses
Posted by: r23
9th May 2022 06:31pm
Hi Folks,
How are you going about with increasing living expenses? What measures according to you can government take to support the low and middle income earners in the upcoming days?
How are you going about with increasing living expenses? What measures according to you can government take to support the low and middle income earners in the upcoming days?
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Comments 2
AdelaideM
It's a real struggle.
I have a strict budget so I do ok - but I also don't have anyone other than myself to look after. That said, for me to stick to my budget I only have between 50 and 75 bucks a week for food, and as food costs go up I find myself being able to put less and less in savings. I'm already living further away from work then I'd like to in order to save on rent, and don't have many 'entertainment' expenses. As the cost of living goes up, but my wage stays the same, I get further and further away from owning a house.
I can't imagine how difficult it would be for families, who are living on the same wage as they've always been on, but watch as food costs increase, along with their kids shoes, clothes, school books, etc. etc.
jtmorri
The Australian Federal and State governments can set an example by living within a budget.
Individuals shouldn't compare themselves to others and compete or have a house beyond their means or have too much debt. I do think for individuals the best thing they can do is have a budget and stick to it - decrease or stop subscriptions, find better deals for insurance, drive less, don't eat out, don't gamble. Whatever suits them and their circumstance as everyone is different. Priorities are important of what to buy and pay for first as well is asking for help from energy providers, banks, insurance companies before you get into financial difficulty.