Comments on: Inflation: Combat with smart spending tips!

By: Praveen

Praveen — Sun, 30 Oct 2011 18:13:36 +0000

Some times I don’t know what to say when my colleagues complain about increasing gas prices and the next minute discussing about an auto loan for car!!!

By: bharat shah

bharat shah — Tue, 25 Oct 2011 09:39:13 +0000

indeed comprehensive list! i like to add one read on other blog today only: for mobile phone and net , keep checking the new cheaper plans from your provider and the from competitor providers.

By: burntout

burntout — Mon, 24 Oct 2011 18:19:34 +0000

Well written article, and holds true today, as much at it did 4-5years ago. I will follow this advice, on my journey to early retirement!

By: SAM

SAM — Mon, 24 Oct 2011 10:33:51 +0000

@Krish – Grocery/Vegetable/Fruits bill increases at 10% per MONTH – if you opt for the best quality food/vegetables! People just don’t realise it. Thats all. I for one have cut down on packed FRUIT JUICEs!

By: SAM

SAM — Mon, 24 Oct 2011 10:31:10 +0000

Indian thoughts: Don’t worry, you will have the last laugh! Thanks to my frugal habits – I can really enjoy life and lifestyle now!

Please rest assured you thinking is correct!

By: Kranti Goyal

Kranti Goyal — Mon, 24 Oct 2011 09:43:19 +0000

Indian Thoughts: Please dont feel low. You are on right track and you are not doing any bad thing. You can find lots of such people in society. But one thing i can say that in long term you are in better position than these people. Today I feel that we are forgetting our ancestor teachings like “Jitni Chadar ho utne pair failane chaiye”. They always teach us vry good lesson that loan is bad thing and try to avoid it. I feel very sad when i heard that people are getting loan for consumer durable.

By: krish

krish — Mon, 24 Oct 2011 08:31:54 +0000

What affects a common man with rise in inflation.

Grocery bill : For most, it is 10% of our salary spending.

EMIs : Rise in floating rates. Auto & Personal loans would not change (50% of our Salary)

Monthly bills : Telephone, Electricity, Water, Petrol, Gas, School fee (20-30%)

Misc : Medical, Travel, Hotels, Gifts or investments etc..

When we talk about inflation, most of the focus is on groceries which is 10% of the household budget. Inflation of 10% is 11% of household budget in a year. On an average, employees are getting 5-10% hike on total wage. Since cheaper alternatives are always avaialble for every product, I am sure it takes for a while to feel the pinch of inflation.

By: Indian Thoughts

Indian Thoughts — Mon, 24 Oct 2011 05:34:28 +0000

Sir its so good to read this article as first thing today. Just 5 minutes back my mother in law made fun of my frugal nature and I was feeling little low.

How can I make these people understand that I don’t waste my money because I will not have any pension and medical benefits (CGHS) in my old age.