Was attending an investment seminar recently where the speaker was expounding the benefits of investing in tax free bonds.One gentleman got up and asked “Sir, how can we invest in these bonds when we don’t have any money left?””
The truth is that high inflation and galloping expenses have eaten away at the purchasing power of most people.
Its quite unlikely that prices of anything (food,fuel, school fees,medical expenses,property tax,insurance,travel etc) will come down, in fact they will just keep increasing over time.
Is there a way out?Well, the answer lies in the old proverb “A penny saved is a penny earned”.
I am a starting a new series called Money Saving Tips.Basically, they will cover simple tips to save money.I would request readers to contribute tips from their own experiences so that we can all benefit