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Nairaland Forum / Nairaland / General / Business / How Are You Cutting Cost This Period? (13577 Views)
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Re: How Are You Cutting Cost This Period? by ANTONINEUTRON(m): 9:26pm On Feb 21 |
my |
Re: How Are You Cutting Cost This Period? by GboyegaD(m): 9:26pm On Feb 21 |
Buying only things that are needed. 3 Likes |
Re: How Are You Cutting Cost This Period? by joachimnkenchor(m): 9:27pm On Feb 21 |
Staying single 6 Likes |
Re: How Are You Cutting Cost This Period? by iamtardey: 9:28pm On Feb 21 |
Asabe4:why you looking like that |
Re: How Are You Cutting Cost This Period? by Standstrong: 9:28pm On Feb 21 |
Walking corpses in the streets |
Re: How Are You Cutting Cost This Period? by Akwamkpuruamu: 9:28pm On Feb 21 |
I don't travel anyhow unlike before. I Don reduce my beer and increase my แปkpa intake 7 Likes |
Re: How Are You Cutting Cost This Period? by iamtardey: 9:29pm On Feb 21 |
joachimnkenchor:Toxic |
Re: How Are You Cutting Cost This Period? by stanliwise(m): 9:29pm On Feb 21 |
We Dey look o |
Re: How Are You Cutting Cost This Period? by EdiskyHarry: 9:30pm On Feb 21 |
You can bear anything, but not hunger, To all those in this present government and their supporters, may God punish you all with a painful death. 1 Like |
Re: How Are You Cutting Cost This Period? by clydecarson(m): 9:30pm On Feb 21 |
MemphitzDgreat1: Those weerey Don go hide cover face in shame 8 Likes 1 Share |
Re: How Are You Cutting Cost This Period? by highness25(m): 9:31pm On Feb 21 |
MrCork: But you should have known when and where to use "am" now. 2 Likes 1 Share |
Re: How Are You Cutting Cost This Period? by iamtardey: 9:33pm On Feb 21 |
GboyegaD:I want a range rover and I can barely afford a good meal a day โฆ fxck it I have the smallest bread for my #200 beans ๐๐๐๐ Dreams can be funny |
Re: How Are You Cutting Cost This Period? by blowjohn(m): 9:34pm On Feb 21 |
iamtardey: What na |
Re: How Are You Cutting Cost This Period? by iamtardey: 9:34pm On Feb 21 |
stanliwise:who dey look ๐ who |
Re: How Are You Cutting Cost This Period? by Karleb(m): 9:35pm On Feb 21 |
Buy eating 001! 1 Like |
Re: How Are You Cutting Cost This Period? by iamtardey: 9:35pm On Feb 21 |
Re: How Are You Cutting Cost This Period? by iamtardey: 9:36pm On Feb 21 |
Karleb:๐๐๐ shey Iโll not die like this |
Re: How Are You Cutting Cost This Period? by blowjohn(m): 9:38pm On Feb 21 |
Re: How Are You Cutting Cost This Period? by Calylove: 9:38pm On Feb 21 |
During a recession or economic downturn, individuals and households often need to reassess their finances and find ways to cut costs. Here are some practical strategies to reduce expenses during challenging economic times: Create a Budget: Establish a detailed budget outlining your income and essential expenses. This provides a clear overview of your financial situation. Prioritize Expenses: Differentiate between essential and non-essential expenses. Prioritize necessities like housing, utilities, food, and healthcare. Review Subscription Services: Evaluate your subscriptions (streaming services, magazines, etc.) and consider canceling those you can do without during the recession. Negotiate Bills: Contact service providers such as cable, internet, and insurance companies to negotiate lower rates or explore more cost-effective plans. Cut Dining Out Expenses: Reduce spending on dining out and prioritize home-cooked meals. This not only saves money but is often healthier as well. Limit Impulse Spending: Avoid unnecessary purchases by curbing impulse spending. Stick to shopping lists and carefully consider each expense. Explore Generic Brands: Opt for generic or store-brand products instead of name brands. They often provide similar quality at a lower cost. Energy Efficiency: Implement energy-saving practices at home, such as using energy-efficient appliances, turning off lights, and adjusting thermostat settings. Public Transportation: Consider using public transportation, carpooling, or biking instead of relying solely on personal vehicles to save on fuel and maintenance costs. Review Insurance Policies: Shop around for better insurance rates and consider adjusting coverage to meet your current needs. This applies to auto, home, and health insurance. Explore Free Entertainment: Take advantage of free or low-cost entertainment options like local events, parks, and community activities. Emergency Fund: Prioritize building or maintaining an emergency fund to cover unexpected expenses without relying on credit. Debt Management: Focus on paying down high-interest debt. Consider consolidating loans or negotiating with creditors for more favorable terms. DIY Projects: Save on labor costs by tackling do-it-yourself (DIY) projects around the house when possible. Evaluate Housing Costs: If feasible, consider downsizing or exploring more affordable housing options. Side Hustles: Explore additional income streams through part-time jobs or freelance work to supplement your main source of income. Financial Counseling: Seek advice from financial counselors or advisors who can provide personalized strategies for navigating a recession. Remember that cutting costs is about making intentional and strategic choices. It's crucial to strike a balance between saving money and maintaining a reasonable quality of life. Adjusting your financial habits during challenging times can contribute to greater financial resilience in the long run. 1 Like 1 Share |
Re: How Are You Cutting Cost This Period? by rajunor(f): 9:41pm On Feb 21 |
We dey survive is all I can say |
Re: How Are You Cutting Cost This Period? by PotatoSalad(m): 9:42pm On Feb 21 |
Tinubu made men billionaires. 1m usd is 1.8billion naira ๐๐ 2 Likes 1 Share |
Re: How Are You Cutting Cost This Period? by Bizibi(m): 9:43pm On Feb 21 |
Satchel water is 50 naira for one.....I was shocked hearing it. 1 Like |
Re: How Are You Cutting Cost This Period? by iamtardey: 9:44pm On Feb 21 |
blowjohn:ye I never chop 1 Like |
Re: How Are You Cutting Cost This Period? by iamtardey: 9:45pm On Feb 21 |
Bizibi:where you live? |
Re: How Are You Cutting Cost This Period? by LordSeth0: 9:48pm On Feb 21 |
I no dey comot from house.... try stay indoor for one week and see how much you've saved for your self this hardship make me know many thighs |
Re: How Are You Cutting Cost This Period? by Obviouslyblunt: 9:48pm On Feb 21 |
Switched to solar. Stopped buying pure water or bottle water but rather pump my water, boil the water to its boiling point, the seal up and refrigerate. Got a modernized charcoal stove, use charcoal stove for cooking and gas cylinder for reheating some foods. 3 Likes |
Re: How Are You Cutting Cost This Period? by dgagar(m): 9:49pm On Feb 21 |
codedgalaxy: As for me and my wife. We don suspend gas for now. We now use hot plate and charcoal stove to cook. We only use gas to warm food now. Tinubu will not make heaven i swear 3 Likes |
Re: How Are You Cutting Cost This Period? by Adakintroy: 9:51pm On Feb 21 |
Extreme dis functions are extreme functions.. . People will just learn to use their head more..that's how economy grows in he real sense. In other words you are he economy. |
Re: How Are You Cutting Cost This Period? by Emdebby2: 9:51pm On Feb 21 |
It's not easy, I live by God's grace. |
Re: How Are You Cutting Cost This Period? by Karleb(m): 9:51pm On Feb 21 |
iamtardey: For where. Men don dey take am master body small small since Buhari time. No shaking my brother. Before you know what's up, 8 years don go o. 1 Like |
Re: How Are You Cutting Cost This Period? by RepoMan007: 9:51pm On Feb 21 |
Cassava and palm oil. Lol. |
Re: How Are You Cutting Cost This Period? by Franking: 9:55pm On Feb 21 |
I go everywhere with my APC membership card and most things are sold to me at half price. |
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