What Romanians have to do to resist austerity and increased. Five survival tips from financial field specialists

Following the fiscal measures of austerity recently approved by the Government, economics specialists say that prices will increase by up to 5%. In order to cope with the increases, the population had to take into account a well -established plan of the monthly budget of the family and try methods to reduce the expenses.

Romanians must reconsider the photo shopping budget Rumpenhorst

In recent weeks, the governors have proposed a series of fiscal measures of austerity that aims to reduce the budget deficit. Among other things, VAT increase, which will also mean an increase in prices, including food, consumer goods, books and more. Specialists say that prices will increase by up to 5%, which means much higher monthly expenses for the population.

However, we are not the only country in the world that goes through such a situation, including the seas of world powers with austerity periods marked by a higher financial burden for the population. This is why American specialists have already prepared real survival manuals for the average man during periods of pricing and income reduction. Some essential tips should be taken into account in order to overcome this period well.

First step: reassess the revenue and expense budget

A true decalogue of survival in periods of major increases was prepared by the Porte Brown Financial Accounting and Consulting Company. The first step, say the specialists from Porte Brown, is the reassessment of the personal or family budget. Just like an accountant, the one who deals with the family budget must make a simple balance. That is, a vertical line drawn in the middle of a white sheet, and on the side and the other the income and expenses in separate boxes. After all, the line is drawn. If the expenses are higher than the income must necessarily be taken measures. Either the renunciation of the cells that are not vital, or the increase of the income (if we speak of the necessary rates and expenses that exceed our income).

“If the monthly cash exits exceed the entrances, a budget can help you fall into your possibilities. Divide the budget into the main categories, for both inputs and expenses. You will see quickly if expenses that are not vital or so important and which can be eliminated. Unforeseen costs, such as a broken refrigerator or car repairs ”specifies the specialists from Porte Brown.

Smart shopping with well -tuned lists without children and offers

Smart shopping can make a considerable economy in the family budget. Specialists from Investopedia, one of the most important sources of information and financial education, have some tips to manage to supply ourselves efficiently and at the same time economically, juggling with the increases in our favor. First of all, we always need lists to pass the absolutely necessary shopping. In periods of austerity, the specialists advise us to give up, especially if we do not have important financial resources or we have just a decrease in income, unnecessary pampering or products that are not necessarily necessary.

The shopping list must especially include the basic, indispensable products, such as igenic paper, toothpaste or soap, to which are gradually added other things that are absolutely useful to us, especially basic foods such as rice, flour, oil, corn and others, depending on our habit. “If you turn through the food store and fill your basket with everything that attracts your attention, you will spend more than if you have prepared a shopping list in advance. Plan your meals for the next week and carefully notes the ingredients you need to prepare those dishes.says Lisa Smith for Investopedia.

We do not have to be impressed by the multitude of offers, especially if those offers are not the products we need. I mean, say the specialists, we don't have to go on the idea “let it be there.” Instead, we should use all the offers available for the products we are interested in. Although we are used to buying a certain product brand, we can opt for cheaper variants, on offer. The economy will be visible. We do not have to stay away from the products near the expiry date, much reduced as a price, if they are valid and especially fit our immediate needs.

Without kids to shopping

Specialists recommend that we do not take children for shopping. The reasons are obvious.

“The hungry, tired and moroccan children increase the cost of shopping. Every extra minute spent in the store increases the likelihood of buying more – including toys and snacks meant to keep children quiet as you try to focus on finding bargains. Supermarkets are aimed for children.states those from Investopedia. You don't have to forget to go shopping. It is known that when we are hungry we tend to overestimate our eating needs.

Cooking and supplies save a lot of money

When the prices increase vertiginously, the revenues remain the same or even decrease as a result of fiscal measures, so eating in the city should be cut from the list, say specialists, or at least reduced to occasional experiences. The cheapest option is cooking. Even those who are not very skilled in the kitchen can find solutions. If we really want to make an economy even the coffee we have to drink at home. “Taking a dining in the city is an expensive idea. Many of the tables you pay in a restaurant can be cooked at home at half the price. Even the good coffee is cheaper if you do it alone at home.”says journalist Lisa Smith, specialized in the financial field.

Let's take as an example a trivial portion of fried potatoes served at a restaurant. It costs at least 9 lei even in a provincial town. At the market, one kilogram of potatoes reaches a maximum of 3.5 lei. At a simple calculation it is seen that a portion of 300 grams of fried potatoes at the restaurant is the equivalent of over two kilograms of potatoes bought from the market or supermarket. And the examples can continue. However, the economy of food should not wear us to the fast food area or unhealthy, but cheaper products. For example, we could avoid sausages, even those at bargain price, and opt for a piece of cooked meat or a good portion of healthy carbohydrates (beans, for example).

Walking makes your foot beautiful but especially helps us to save

And reducing the use of the car can help us save. For example, we can use the car to travel long distances or to carry heavy objects. Otherwise, for short and medium distances, we can opt for walking or for public transport, especially if we live in smaller cities. In general, specialists recommend that when we have to use the car we need to learn to drive smart.

“Among the simple, but effective ways, to reduce the consumption of gasoline are: we do all things at once, planned, to reduce the number of trips, avoid traveling in peak hours, regularly check the tire pressure, limit the use of the air conditioning and stop the engine when we stay.says Porte Brown.

We cut from luxury products and look for cheaper alternatives

The first things that need to be reduced or even eliminated from the crisis budget are luxury products, if we used to use this. In general, specialists recommend looking for similar variants, without making a significant, but cheaper discount. For example, if we like brand sports shoes, we opt for a cheaper one than the one we usually used. The same can be applied to a lot of products, with consistent savings

“Most people are loyal to certain brands, products and shops. In fact, you can buy certain items regularly without thinking about whether there is something like or even better, but cheaper. Consider cheaper alternatives. In many cases, you can spend less without compromising the quality. Many food stores offer generic products or branded products. Large marketing, or the same companies that produce brand products ”adds specialists from Porte Brown.