Sunday, 02 October 2022 16:07

If prices are going up, how can we cover basic food basket expenses?

Written by Evelyn Alas

Although last year was the year of economic reactivation and the strengthening of several sectors, the 'recovery' of inflation has also been felt and prices are very high, especially for the so-called basic food basket products.

There are a series of recommendations to make money work in these times of inflation.

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1-If you buy the month's market with a credit card, you should not defer to more than one installment because this would generate higher interest payments and accumulation of expenses in the following months.

2-Be careful about daily or occasional expenses that inadvertently affect cash flow. It is important to keep a daily control in a period of crisis.

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3-Adjust the budget to the contingencies of each month. If you increase food expenses, you should see where to reduce them.

4-Make adjustments in the execution of the monthly budget. The budget should always be the master tool to control expenses.

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5-Reduce flexible expenses at least as much as you increase unexpected expenses.