Everyone is complaining with high cost of living nowadays. The prices of basic commodities are so high. Fuel prices continue to rise and everyone is really doing the best they can to save on money. But it seems no matter how much you try to stay on a budget and try to limit your expenses it’s just not enough and you still experience a bit of a shortage. I think we all need salary increases but that will mean more taxes and basically we can’t really benefit from it. What we need is an extra source of income and an effective plan on how to budget your money. It’s just sad that many people are really struggling with financial burden that causes them to have debts. If you watch the news regularly, you will see more families losing their homes because they weren’t able to pay their mortgages anymore. What’s more alarming is that more people are trying to loan their retirement money just to keep up with the daily cost of living. This is so sad. Imagine your hard earned money for your retirement being taken away because of the economy crisis. I feel blessed that somehow I can still manage to keep my Savings Accounts and be equipped when an emergency strikes.

Posted on Wednesday, May 28th, 2008 at 8:25 pm and is filed under General, Miscellaneous. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.