Hi all..Just thought to share with you guys about how everyone coping with the increased cost of living. Since last few months feeling the pinch of increased price for everything. I have noticed in last few months everything cost wise went up, just to share a few things like fuel price, gas price, electricity bill, all the groceries I noticed up in price about 20%, home loan installments, car price for new & used if have to buy now, insurance premiums have increased 15 -25% at renewal. Essentially what I meant to sum up is our monthly budget easily by $500 to even $1000 depend on the household. Please share your thoughts and anyone can suggest what you usually do to save the money. As income/ savings not going up in the same way..thanks.
How People Coping with Cost of Living
kt007 on 11/10/2022 - 21:30
Comments
Sell it all and do remote work in Bali
I love this response. Kudos.
Well if you didn't know the whole system is a lie/scam. We peasants take money from each other to survive while central banks and governments make money out of thin air. Money is just numbers on a screen. Go learn about how money is made and fractional reserve banking (capital adequacy requirement in Australia). And obviously the reported cpi is fake. Real inflation is probably around 30%. Currency was extremely devalued by QE infinity. The entire system from school, media to tv etc. is setup to enslave your mind and body. Welcome to the Matrix.
Didnt mean to neg you. Once you understand the scam there is no going back into normal society…which is not that normal anyway
The only scam is people not investing in index funds. And then retiring till super.
The rest of it is a money trap. And we are on the biggest money trap website. Which makes people think they are getting bargainsm
You're right. I absolutely resent this 'society' we have built and want nothing more than a simple life and to be left alone. We are all slaves..
..except for the elites.
The irony of that comment being posted by someone referencing god in their name.
You will find it is only the people who believe in God who can see evil in this world.
Thanks will watch over these holidays
Yeah im struggling to buy food…
But still buying stuffs from ozbargain…classic🤣
Bought a property that is powered by off-grid solar and generates 8 head of cattle per year and ~20 eggs per day - plenty of off grid food and energy to not be dependent on the central bank scam and insulate us from the affects of agenda 2030 (ie the great reset) :/
How many guns?
affects of agenda 2030 (ie the great reset)
Ok buddy maybe breathe a little….
generates 8 head of cattle per year
Which breed?
Don't forget feed, hay, water, vaccinations, AI, fence repairs, transport, market selling costs, mobile butcher and vet visits will eat into your profits.
Plenty of feed around for the last year and I suspect the next couple will be good also.
He's off grid so I assume he has water tanks installed.
Vaccinations? As long as they aren't those new MRNA ones they are trying to foist on farmers to decimate the countries cattle.etc, I'm sure he's got it all figured out. :)
Yes I'll second you into this. Taking endless summer into account - you may survive on a patch of land by growing essentials - potatos, tomatoes, garden greens. Grow some lemon trees and make limoncello using distiller (still have to buy sugar and turbo-yeast, but it won't break the bank). For meat you may consider growing rabbits. Not sure why they are not that popular in Australia.
Don't forget feed, hay, water, vaccinations, AI, fence repairs, transport, market selling costs, mobile butcher and vet visits will eat into your profits.
Yeah, but it's "off grid"! 🤣😂
Good on ya, lad.
Now if some wild-eyed ex-Microsoft CEO comes around to your farm offering you a blank check, remember to hodl. Hodl for dear life.
More bezos stuff,
Feed myself less food
More junk food
More HJ shake n Win, and domino's $7.95 pizzas.
Use less fuel.
Avoid going to grocery, try to order online through bezos mostly.
When really need to get grocery, get frozen instead of fresh, and cheaper reduced near expiry stuff instead, instead of normal one
Moved into our first house, interest rates have gone up nearly $500 a month now. Just refianced fo a better rate and to get ourselves a new car.
We are good savers so we entered this in a strong position.
Slight changes to our nornal spending habbits, new clothes, going out for dinner are all on the minimal.
Overall we are handling it fine, just noticing our savings are growing much slower.
If you're just moved into your new house with a mortgage, do you really need to get yourself a new car?
What will the new neighbours think of their 2002 Avalon? Not a good look when you're trying to establish yourself the hood
2002 Avalon.. very practical.. ugly as shit car, but practical. haha
2022 BMW.. either A) must be loaded, B) that's fully financed or C) why didn't they move to a better area if they can afford a new BMW?
Complains about then interest rate rises then refinances to increase the loan to buy a new car. I hope the car was actually needed.
Dont believe i ever complained, just stating the facts for context.
New interest rates are on the lower end of whats available to us, our repayments are actually less with a the attitional funds.
Couldve paid cash for the car but id prefer to keep my money available offsetting the interest.
Why not? Our exisiting vehicles engine needs to be replaced, not worth the money, we can afford a new vehicle.
That's fair as long as the car isn't overly expensive.
Used to eat out 3-4 times a week. Now limited to just 1-2 at most. The savings from eating out can buy me pretty decent quality grocery for the rest of the week.
I also noticed I buy less games on release date now and try to complete my backlog instead.
This is probably where I'm cutting back most.
Use to eat out or buy takeaway around 7-8 times a week, now I'm bring lunch to work and cooking at home a little more. Still eating out/takeaway 4-5 times a week.
Part of the reason is increasing cost of living, but also the fact restaurants/cafes/take-away have gone up 15-20% in the past couple of years.
I want to support the local cafes near where I work and use to rotate but now am spending less at lunch. Cafe I use to go to took off all their prices from the menu. Got charged $17 for roast beef and potato take-away lunch.. use to be around $12… anyway learned my lesson and haven't been back. If there's no listed price, there's a reason for that. haha
I've always spent less than I earn so not feeling the pinch too much.
Pretty lucky that I didn't spend much of my income so even though prices have increased, I'm well-equipped to handle it. Does help that I save 5% of my Woolworths shop using the seniors card.
The elites don’t want you to know this but the ducks at the park are free you can take them home I have 458 ducks.
It’s going to to take a couple of years longer to pay off my house than I planned. Otherwise I’m fine.
Fully paid off as in title in your hands or fully offsetted?
Probably the second one. Just leave the loan open in case
Been buying shake instead of bud
Get a good job that pays good money. - Joe Hockey, former Treasurer (2015)
Not the best quote at the time but my wife and I just got higher paying jobs this year. So our day to day cost of living hasn't changed as a result - yet.
For the most part, I buy less of what's gone up by the highest percentage. For example, rarely buy bread anymore as it went up from $1.30 to $2.20 over the past 12 months. I also don't fall for half price specials where the original price has been increased substantially before halving.
Reckon everything is ok for now. Of course, the less flexible you are with your purchases, the more you will pay.
Coping fine for the moment. Been a saver for a while now so got a healthy amount in the bank in case anything goes extremely pear shaped.
Sadly my investments have crashed a bit (still in the green though).
BAU.
I've started growing my own chillies, limes, spring onion, garlic, cherry tomatoes, parsley etc.
spring onion
I need to establish a vege patch ….. haven't been able to find any spring onions for the past month
I love my vegie patch. I'm also doing Vietnamese mint, perilla, razor tooth corriander, and loads of other herbs - as I love making rice paper rolls!
All planned.
The super rich richer and the others "Eat ze bugs".
Claus Schwab, the Executive Chairman of the World Economic Forum.
https://www.tiktok.com/@ducknwo/video/7122337156294544646
Most of our politicians are following the lead from the WEF to make it happen.Well, next time you are looking at that ballot, maybe think before you tick a box with a name next to it?
It all was in play a year ago - https://www.ozbargain.com.au/node/675103
You could have changed something back then but now you just have to swim with the flow…TBH i haven't noticed much difference i live well below my means, people have 1 mil loans or a large expensive new car esp if they do this with out thinking that wifey will likely be out of work for family duties.
Keep a fair buffer in there and don't live off borrowed money
Just gotta make sure your wage goes up with inflation
Having said that im sure some people are struggling but if there getting arround in a new car <5 Years or flagship phone i have little sympathy for them.
But in case every thing is out of there control all they can do is buckle down upskill and move ahead, these are the people i have sympathy for.Also, not having a wife or children helps a lot. Trying to curb the wife's spending is my biggest challenge in saving money.
doin all right
mortgage paid off so salary mostly saved
interesting to see how the next 12 months pans out for the aussie and global economy
I am working with a new start-up that has come up with a way to use people power to lower the cost of living.
Surely there are more of us then the big businesses so if we come together we can take back control?
I like it, get a mob together, storm into the boardrooms, nudge the CEO fat cat out of the way and press the "Lower Prices On Everything" button.
Go and do it at every sky scraper you can find, before you know it we've taken back control over everything.
Makes a lot of sense. Easy to describe and achieve, realistic. Ticks all the boxes.
Make Big Business Nervous With This One Weird Trick
Finally upgrading my 11yo solar system tomorrow.
Spent $4.5k in 2011 for a 1.5kW and 60c FIT and earnt back more than that.Now $8k for 8kW, being installed tomorrow.
That should take care of the power bills
Cycling to/from work/unit, distilling to avoid bottleshops, cheap grocery shops for vegies, not buying much of new clothes.. still expensive, but what can we do - at least clear sky above and no rockets flying over