Try to get out from economic trap

in LeoFinance4 months ago

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Hi, all Hivean arround the world.
I hope you are in the good condition
Since the Covid pandemic, we are still not free from the trap of the economic crisis. During a recovery period like now, of course we have to continue to be careful so that we can get through it well
Economic conditions feel quite difficult. Many business sectors have experienced downturns or at least stagnated. This means we have to be smart in dealing with situations. All of this is aimed at defending oneself from an even worse life. At least there are some suggestions that are worth doing so that we can get through the crisis.

1. Priority scale


When conditions are normal and the economy is stable, we will be free. make ends meet. However, when experiencing a crisis we have to map and develop a priority scale. In this case we must determine which is more important and urgent to fulfill. We can postpone or even eliminate things we can't afford. That way, we will be able to reduce expenses.

2. Allocate finances appropriately.

If our income comes from salary then we must immediately allocate expenses according to the priority schedule. we sometimes forget or ignore. when the priority scale has been made it is still missed. We are often tempted to buy things that are not on the priority scale, for example because we are attracted by the bonuses offered. As a result, the priority scale will become chaotic and the expenditure of money will increase. steps we can take: the money or salary that we have can be divided into envelopes according to the priority scale. Sticking to your priorities and not being easily tempted to shop will help us get through difficult times.

3.Agreement with all family members

Every family member must be able to maintain commitment to get through the crisis. give awareness to children that finances cannot fulfill all their desires. as parents we also have to set an example so that they can follow what the city says. give confidence that we children can get through difficult times and return to stability in the future. This is also important for children's understanding so that they will realize that not everything they want must be fulfilled.

4. Pocket money replaced with food.

If all this time school children have been given pocket money to buy snacks, then it's time to replace it by bringing food supplies. Food from home is much healthier and can save money. give children an understanding of the importance of eating healthy so they can prevent illness. further explain that food from home is a form of their parents' love for them.

5. Try to increase your income

If all this time you have only relied on your salary, it is time to look for additional income. You can become an affiliate of various sales services, become an online motorbike taxi driver, or become creative content on YouTube and even write. one thing we can choose is writing on Hive.blog. Even though the income is small, one day it will be big too. With these steps, it is hoped that we will be able to get through the critical period. So I hope my writing this time is useful.

Thank you for stopping by and read my post