Loosing the Purchasing Power

It is either the price has increase or we are loosing our purchasing power. State whatever answer, the effect is the same. When the price of goods increase, we began to loose our purchasing power. Nowadays, the minimum RM50.00 is needed at least for a day. Even with the effort to buy only the needed and important item for family consumption and usage.

The public start complaining that they are struggling to meet the end need of their family. The businessman also feels the effect as fewer customer visits their shops. Among the most effected businesses are furniture and electrical shop, clothing, cars and etc. The effect of the world inflation is slowly and gradually heading to us. I believe the oil price is the main culprit and spearheading other price of goods and services to increase. Mostly, everything in this world were moved by oil and the increase of oil price has the effect.

However, some of us still does not realize what is happening. They still spent and spent and borrow and use card, loans and spent and spent ...................................Probably they have a lot of money to spent...

One of the malay proverb use to say "ingat sebelum kena, jimat sebelum habis" which can be translated that in our life, we must be watchful before being hit and we must save before finished