How will you deal with financial challenges in 2024?

[Passionate-writer]

The year 2024 will bring new challenges. This is due to the fact that the inflation is expected to increase a lot in the year 2024. Apart from inflation, there are many other challenges that will make it harder to deal with your finances this year. We need to save more money and this will in itself be a really big challenge to begin with. Under such kind of circumstances, what will be your plans for this year? Relying on old strategies won't work this year.

 

[Starmix]

We are indeed facing financial challenges especially this year, 2024. We don't see a difference between this year and last year. The problem of inflation continues and the prices of commodities go up nonstop. In my case, I need to have lots of discipline and self-control in spending my money. I am afraid o spend a single cent this time.

 

[freelancermaria]

Maybe I need to cut down on my spending more, choose more generic brands, cook home-cooked meals frequently, find a better-paying job, and more. I need to make more investments, too, I guess.

 

[Starmix]

Let's act. Let's cut our expenses that aren't necessary like dining in a favorite resto. I used to dine in fast food chains but my habit was changed during the surge of the corona virus. We're forced to stay home. I realized how important it is to cook our own food. We can save more.

 

[Suba]

Personally, the financial challenges in 2024 will not be much different from the previous year, but I have a priority to increase income from passive income so I need to increase my investment portfolio.

 

[Augusta]

It is all about making more money to tackle financial demands. it can't be easy for anyone but we need to try.

 

[Moseschidera]

Things are definitely going to be harder this year with inflation rising. I'm trying to cut back on unnecessary spending and build up my emergency fund a bit more. Might have to pick up a side gig too to help boost my income.

 

[eLdavis]

The only reasonable way I can see and think of right now is increasing my sources of income, saving and also investing.

 

[Stardom22]

I think this year would be more tougher than last year in terms of the financial matters. So it's a great idea to be positive and take life more seriously on finding of ways that can help you improve your financial status.

 

[Fidelia]

I think the best way to deal with financial challenges this year is anticipate, take responsibility and act before the financial challenge happens. This would insulate a person to a large extent from financial challenges.

 

[magnus2022]

This year have shown that it will be tough especially in third world countries. The best way to stand against this year financial challenges is to start farming. Going back to agriculture is only way out. I jave started planting vegetables and some potatoes. By the middle of the year, i will start cultivating cassava and yam.

 

[Augusta]

Things are definitely going to be harder this year with inflation rising. I'm trying to cut back on unnecessary spending and build up my emergency fund a bit more. Might have to pick up a side gig too to help boost my income.

Yeah having multiple sources of income would help. we just need to have money and that can only happen when we work different jobs.

 

[Xtynehappy]

Most business people would take loans to try salvaging the business when it's on the verge of collapsing.

 

[mrki444]

This year goes fine. I bought a car in budget and I fill it again according to my plans. If I keep in this tempo, I will have this much money again until Easter next year.

 

[Springtime]

The economy is not well in my city. But fortunately, my income remains stable. I am looking into investing overseas including buying US and Japanese stocks which offer better return.

 

[Stardom22]

In this year l have clearly set up my financial plans intact and that includes the earning more on the online side hustles and the putting of more efforts in the regular offline job.

 

[Starmix]

I have to deal it seriously. I have to face financial challenges squarely bravely. The only thing that could fight it is to have a positive mindset.

 

[Augusta]

Yes with positive mindset we can pull through. Be positive and continue to work hard and know you would succeed