Here Are Some Practical Tips for Coping with Price Increase of Commodities in the Philippines

Food and grocery goods have significantly been affected by the most significant percentage of price increases in the Philippines. When doing grocery shopping, make time to roam around and compare brands and variants of the same good for you to have cheaper options. You can also opt to buy local brands, as they are much more affordable than imported ones. You can also research cheaper substitutes for a specific product or ingredient for cooking goods.

Public transportation is also affected by the staggering oil price hike in the Philippines, having a domino effect on the fares and transportation fees, which have also increased. If your home or apartment is located just a few kilometers away from your workplace, you can take the opportunity to have a simple exercise by taking a morning walk. When comfortable using a bike, you can also have it as an alternative to riding public buses and jeepneys. On the bright side, now you won’t have to fret about getting a workout! Walking has many benefits and an excellent effect on cardiovascular health, and this tip could be beneficial!

Disposable plastic bottles or plastic bags do not only destroy the environment, but they also have an impact on an average working person’s daily budget without them even knowing it. Start this tip by buying a reusable water bottle. Yes, reusable bottles are not just a trend; it is also an excellent way to save your allowance budget. Buying reusable items is only expensive the moment you purchase them, but it’s worth it when you realize that it lets you save more, recouping what you pay for a bottle of water every day.

Coffee from Starbucks, Dunkin’ Donuts, or McDonald’s is deliciously tempting, especially when you need a good cup of coffee before going off with your daily grind. Cheap coffee drips are available from anywhere in the market, or if you don’t mind drinking one sachet of Nescafe stick, then that would be perfectly fine. You can also persuade your officemates to chip in to buy a high-quality and affordable coffee maker so you can have cheap alternatives to your favorite blended coffee drink from Starbucks.

After receiving your payslip and withdrawing your money, list your necessary expenses, including your savings. Once you have listed everything, check where you can trim or adjust your costs. Spend less on luxurious needs, and set aside finances for the rainy days. Be more disciplined and more intentional with your budget, and it’s practically okay to have it tight.

Challenging times call for disciplined measures. With these practical tips, every consumer can be reminded about the reality of challenging economic times and do all we can to survive and thrive. Remember also that reward yourself with something beyond the budget. Still, it would also be rewarding to have the extra money in your pocket when extreme crises come and happen at unexpected times.

Do you want to know more helpful saving tips? Visit Yoorekka Magazine to find out more!