How are you Managing the Inflation and Energy Crisis?
We all know that things are bad, pretty bad and the situation doesn't seem to get better anytime soon. The war between Russia and Ukraine is still ongoing, something that nobody believed it would happen for that long. I still remember when it first started, the majority of people thought it would be over in a week without any victor or loser.
The sad reality is that it's 8 months now if i remember correctly and mostly every country is facing big-time issues as a result of that war. The issues are related to energy because most countries bought gas from Russia and were dependent on Russia's energy but now due to Russia's invasion they decided to stop buying energy from them.
At the same time, Ukraine exported huge amounts of seeds, corn, wheat, iron, and sunflower meal oil among others to many countries around the globe and due to the war that stopped. Nowadays even if some people don't want to accept it we depend on each other. That's globalization for you and that's actually a human trait as well.
Thus, everything is basically a chain and if you break that chain mostly everyone will face the consequences, something that is already happening. The gas prices are crazy, everything is getting more and more expensive and people's lives are ruined daily.
The inflation is over the roof, USA has around 8.1-8.3, Germany 10.4, UK 10, in general, EU has around 10, Russia around 13 and Turkey keeps on going with 85. Imagine that under the constitution of Germany is written that inflation should never rise to this number because they consider that Hitler became the guy we all know today because of the same situation. In other words, inflation of 10 is feared in Germany.
Anyway, here in Greece the inflation is around 12 and ofc everything is more expensive. The gas prices are crazy, the electricity bills are crazier and everything in supermarkets is 10%-40% more expensive. At the same time, the salaries are the same and there will be a small increase in the minimum wage in 2023 which is actually if you exclude the inflation, around a 0.8 actual increase.
Earlier today i was at work and one of my coworkers managed to rent a house a couple of months ago. It was her first attempt to live alone in a place of "her own" even though she has around 6-7 years of working experience. Today while we had a Skype call along with the rest of the team she said that "come on when we will get paid, i need to go to the supermarket".
In other words, even someone who gets paid above the minimum wage can't live without any worries about the basics. Just to clarify the house that she rents is a small one, in a decent area. She also has a car but most of the time she prefers to use busses or trains due to the high cost of gasoline. Ofc she is not starving to death but still, there are a lot of costs that she has to take care of.
So that got me thinking and knowing that i get less than her i need to be extra cautious about how and where i spend my money. I decided to try and save 1/3 of my money if i am able per month and spend the rest on bills, going for a coffee, buying clothes and in general trying to live. At the same time, i think for starters i will invest 40 euros per month in cryptos.
It's not a big amount at all but up until now, i haven't invested a single dollar out of my pocket. I simply grew in Hive by posting and curating and some of my earnings were invested in other cryptos as well. So now i am really curious about what you do and how you survive in that crisis!
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