Inflation in Pakistan is caused by a combination of factors, including increased money supply, a shortage of goods and services, increased production costs, and currency devaluation. The question is how to handle daily expenses in this era of growing inflation.
Every household has different spending habits some have a car and eat meat, others travel solely by public transport or are vegetarian. The average spending habits of all households together determine how much weight the different products and services have in the measurement of inflation. Having a budget is always the best way to keep costs under control, and in recent year’s inflation has caused many Pakistanis to take up the practice.
You may also want to consider cutting down on subscriptions or memberships you don’t use, and make sure you’re getting all the concessions you’re entitled to. While food might be a necessary expense, there are ways to save without compromising quality. Meal planning is a simple way to get better at grocery shopping to reduce wasting food. You could also consider finding recipes that use the same ingredients as you’re more likely to use up an entire bag of vegetables or a fresh bunch of coriander. While we can’t control global oil prices, you can plan clever ways to reduce costs, if you have colleagues who live in the same area, you could split the driving between you.
Spend wisely!
