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Am I Spending Too Much Or Is It Just The Inflation That Kicks In?
Am I spending too much or is it just the inflation that kicks in? A question that I suddenly asked myself.
I am that person who never fails to remind himself to save up money for the rainy days. A practice of mine that I know I can use for emergencies. This worked for me even before during my highschool years.
But lately, since I haven't been publishing blogs and being active on platforms where I earn, I have used some of my savings. Well that's not really the case since I intentionally saved up for situations where I can use it. I just noticed that every time I withdraw money, it just easily goes away. It's as if it just slips down on my hands for a split second. For instance, when my one thousand pesos becomes a smaller bill, I would just notice and be in shock that my one thousand pesos will just go down to 500 pesos in just a day.
I am shocked by what is happening to me, just like on Wednesday when I left the house. My mom gave me 600 pesos for a 3 days allowance. That's what I also asked from her because I know it will be enough. 250 pesos for my fare back and forth and 100 pesos for a whole day meal for each day. But I was surprised that after staying for a night in my dorm, I already spent half of my allowance. And that made me think, have I changed? Am I really that spender now? But these questions were put aside when I also questioned the prices of goods. Am I the problem or is it the inflation rate that is making it hard not just for me but for everyone to fill their tummies?
If it's really the inflation, then, how are we going to survive this? As someone who earns his own money and comes from a middle class family and still being affected by the increasing prices, I cannot help myself but to ask, how about the others? How are they going to cope up with this problem?
I just researched the peso to dollar exchange and the dollar is too high, it's as if the Philippine peso is losing its value from day by day.
Some Filipinos abroad are rejoicing by the increasing value of the dollar in the Philippines but should they be really happy? For me, no. Not to invalidate them but as someone who experiences the effects of the inflation rate, I am not happy about it. Because it means that the Philippines economy is becoming weak and the amount of money they'll get for exchanging pesos to dollars is not going to make a change in the country's high inflation rate. It will all just go to the high prices of goods.
Not all of us have privileges, and not everyone is affected by this. Only the rich have a VIP pass from all of this fiasco but what about the marginalized sectors? I have been thinking about them lately. By this, may we all hope that all will be well in the coming years and nothing will result in a situation where people will be poorer to the point that the only choice that they'll have is to do illegal things.