03.2023 Hot Topic
"Far Easterner talks": What to do when inflation comes
Far Eastern Magazine / Editorial Room
I believe that many people have recently felt that everything is soaring and the pressure of life is rising. How to open up resources and cut costs to keep living surplus? Come and see what the financial experts and money savers in the group say?
[I]
In the era of rising things, how to use wisdom to save daily expenses for oneself has become a subject that modern people must learn. Personally, as long as you observe carefully, you can find many surprises in your life and even get extra feedback.
On holiday the day before yesterday, I used the online "take-away" service order in the fast food restaurant, thus saving NTD 30 meals; While waiting for the meal, I went to the beauty shop to buy daily necessities, saw the event notice before checking out, downloaded the store's app and bound it with a credit card to pay, and saved NTD 100. Plus the numerous discounts, I saved nearly NTD 500 that day. The next day, the cloud invoice was issued and the NTD500 award was also lucky.
Summarize three tips for life in the face of inflation: First, pay attention to life information, and you will have unexpected surprises. 2、 Invoices are stored in the cloud, and more consumption is compared with price. 3、 Always keep learning enthusiasm. (Far Eastern Department Stores/Xiao Yuanjie)
[II]
Although the fixed costs in life (such as rent) cannot be adjusted, the variable costs can be saved by reducing the number of times, sharing or changing the scheme. Here is my implementation method.
1. Lunch is cancelled and the company's love bento is changed. There are meat, vegetables, soup and fruit every day. As long as NTD 35, CP value is very high.
2. Many people don't want to start a party, but if you can choose a few nights to start a party yourself, it will be cheaper than eating out every day.
3. The telecommunication rate is changed to Far EasTone Telecommunications NTD 499 4G. The use speed and experience are not much different from 5G.
4. The coffee you need to buy every day is brewed by yourself, which is more economical and affordable whether coffee powder or filter coffee.
5. During the economic downturn, the risk of investing in stocks is high. It is better to take advantage of the interest rate increase, change the deposit to fixed deposit, and enjoy the preferential treatment of high interest rate.
6. Before the video and audio platform operators have not restricted the sharing of accounts, find three or five friends to share the monthly rental fees of Netflix and Disney Plus, which can also save a lot of money. (Far Eastern New Century Corporation/Jay Li)
[III]
Inflation is an invisible devil, slowly devouring everyone's quality of life. In response, in addition to increasing income and reducing expenditure, we should also develop the good habit of keeping accounts frequently, check the daily and monthly expenditure from time to time, and reduce the inventory at home (such as fresh food, fruit, meat, etc.), buy it when necessary, and eat fresh ingredients as much as possible. In addition, we can make good use of investment tools to increase income. For example, we can invest in regular quotas to accumulate profit returns. Depositors may wish to compare the high-interest fixed deposits launched by various banks to increase stable income. (Far Eastern International Bank/Wang Mingquan)
[IV]
Recently, I am very interested in the rise in the prices of household goods and catering products. My approach is to distinguish "want" from "need" before purchasing, give priority to buying all "need" items, and then buy "want" items with extra budget. Those who do not want to reduce the quality of life due to inflation can also try slashes, use the sidelines to increase their income, or choose to work part-time on holidays and save more money. (Ya Tung Department Store/Lin Jialing)
[V]
I use three accounts to fight inflation. The first account is to open a "savings account" in a bank with a higher deposit rate, and deposit in the form of automatic transfer on a regular basis. As a special fund for retirement and future funds, I can only enter and leave in a short time, take advantage of the interest rate rise trend to earn interest, and expand the compound interest effect by extending the time. The second account is the "second-hand disposal account". Auction of idle goods, no matter how much they are sold, is a sum of income. The third account is the "living account", which is managed in a fixed amount on a regular basis, with more refunds and less refunds, and try to spend in cash to prevent overdraft by swiping cards; In addition, reduce the amount of food and beverage purchases other than dinner, and replace shopping or online shopping with outings. Before shopping, consider whether it is really necessary and whether it can be replaced by other ways. Although the amount of income and expenditure in these three accounts is not large, the accumulated sand has become a tower. By improving the waste behavior that has not been noticed before, we have formed the good habit of cherishing things, and believe that life can be more comfortable. (Far EasTone Telecommunications/Li Yijing)
[VI]
How can the petty bourgeoisie work in an era of inflation? In fact, at present, the network resources are rich and the home distribution logistics industry is developed. For example, food, clothing, housing, transportation and entertainment, you can obtain relatively cost-effective commodity solutions through keyword query, integrated price comparison platform, shopping mall and other systems; In addition, under the risk that individuals can bear, they can also eliminate the pressure of inflation by investing in foreign currencies, stocks and precious metals. (Far Eastern New Century Corporation/Zeng Zhiyuan)
[VII]
When shopping at the vegetable market, there are few thousand yuan bills left, which makes people deeply feel that everything is rising at the same time. Faced with the threat of inflation, it is the only way to be prudent and open up resources and reduce expenditure. After opening the annual family budget table and reviewing it again, my approach is as follows--
1. Increase passive income: if you don't manage money, money will ignore you. Invest in ETFs with fixed interest distribution (such as 0056, 00878, etc.), increase the principal, make the annual interest distribution more, and continue to invest the interest distribution, and get a stable income every year.
2. Make good use of year-end: first deduct the annual fixed expenditure, and the rest will be fixed deposit and investment. Make good use of banks with higher fixed deposit rates, and invest in value stocks or ETFs with monthly/quarterly interest distribution, so that there is a fixed income every month/quarter.
3. Financial management starts from life: set daily limits and control consumption limits. Try to set up a party at home during the holiday, reduce the amount of food you eat, and eat more healthily.
4. Less use of credit cards: infrequent credit cards are locked into the safe, and only credit cards with better feedback are swiped. (Jian Jing of Far Eastern Group/Amy)
[VIII]
Taiwan will enter the ultra-elderly society in 2026. Under the environment of less and less retirement resources, and the fuel of inflation, it will affect the quality of life in the future. Therefore, in addition to relying on social insurance (labor insurance) and occupational pension (retirement), we need to plan our own financial management, find a stable target better than inflation rate, invest as early as possible, create more compound interest by taking advantage of time, and then increase the investment base with compound interest, so as to allow capital to grow in a rolling manner. In addition, in the era of rapid change, we need to try to open up channels of making money, reduce living expenses, and keep healthy, so that we can have enough capital to fight inflation. (Chiahui Power Corporation/Liu Yulin)
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[I]
In the era of rising things, how to use wisdom to save daily expenses for oneself has become a subject that modern people must learn. Personally, as long as you observe carefully, you can find many surprises in your life and even get extra feedback.
On holiday the day before yesterday, I used the online "take-away" service order in the fast food restaurant, thus saving NTD 30 meals; While waiting for the meal, I went to the beauty shop to buy daily necessities, saw the event notice before checking out, downloaded the store's app and bound it with a credit card to pay, and saved NTD 100. Plus the numerous discounts, I saved nearly NTD 500 that day. The next day, the cloud invoice was issued and the NTD500 award was also lucky.
Summarize three tips for life in the face of inflation: First, pay attention to life information, and you will have unexpected surprises. 2、 Invoices are stored in the cloud, and more consumption is compared with price. 3、 Always keep learning enthusiasm. (Far Eastern Department Stores/Xiao Yuanjie)
[II]
Although the fixed costs in life (such as rent) cannot be adjusted, the variable costs can be saved by reducing the number of times, sharing or changing the scheme. Here is my implementation method.
1. Lunch is cancelled and the company's love bento is changed. There are meat, vegetables, soup and fruit every day. As long as NTD 35, CP value is very high.
2. Many people don't want to start a party, but if you can choose a few nights to start a party yourself, it will be cheaper than eating out every day.
3. The telecommunication rate is changed to Far EasTone Telecommunications NTD 499 4G. The use speed and experience are not much different from 5G.
4. The coffee you need to buy every day is brewed by yourself, which is more economical and affordable whether coffee powder or filter coffee.
5. During the economic downturn, the risk of investing in stocks is high. It is better to take advantage of the interest rate increase, change the deposit to fixed deposit, and enjoy the preferential treatment of high interest rate.
6. Before the video and audio platform operators have not restricted the sharing of accounts, find three or five friends to share the monthly rental fees of Netflix and Disney Plus, which can also save a lot of money. (Far Eastern New Century Corporation/Jay Li)
[III]
Inflation is an invisible devil, slowly devouring everyone's quality of life. In response, in addition to increasing income and reducing expenditure, we should also develop the good habit of keeping accounts frequently, check the daily and monthly expenditure from time to time, and reduce the inventory at home (such as fresh food, fruit, meat, etc.), buy it when necessary, and eat fresh ingredients as much as possible. In addition, we can make good use of investment tools to increase income. For example, we can invest in regular quotas to accumulate profit returns. Depositors may wish to compare the high-interest fixed deposits launched by various banks to increase stable income. (Far Eastern International Bank/Wang Mingquan)
[IV]
Recently, I am very interested in the rise in the prices of household goods and catering products. My approach is to distinguish "want" from "need" before purchasing, give priority to buying all "need" items, and then buy "want" items with extra budget. Those who do not want to reduce the quality of life due to inflation can also try slashes, use the sidelines to increase their income, or choose to work part-time on holidays and save more money. (Ya Tung Department Store/Lin Jialing)
[V]
I use three accounts to fight inflation. The first account is to open a "savings account" in a bank with a higher deposit rate, and deposit in the form of automatic transfer on a regular basis. As a special fund for retirement and future funds, I can only enter and leave in a short time, take advantage of the interest rate rise trend to earn interest, and expand the compound interest effect by extending the time. The second account is the "second-hand disposal account". Auction of idle goods, no matter how much they are sold, is a sum of income. The third account is the "living account", which is managed in a fixed amount on a regular basis, with more refunds and less refunds, and try to spend in cash to prevent overdraft by swiping cards; In addition, reduce the amount of food and beverage purchases other than dinner, and replace shopping or online shopping with outings. Before shopping, consider whether it is really necessary and whether it can be replaced by other ways. Although the amount of income and expenditure in these three accounts is not large, the accumulated sand has become a tower. By improving the waste behavior that has not been noticed before, we have formed the good habit of cherishing things, and believe that life can be more comfortable. (Far EasTone Telecommunications/Li Yijing)
[VI]
How can the petty bourgeoisie work in an era of inflation? In fact, at present, the network resources are rich and the home distribution logistics industry is developed. For example, food, clothing, housing, transportation and entertainment, you can obtain relatively cost-effective commodity solutions through keyword query, integrated price comparison platform, shopping mall and other systems; In addition, under the risk that individuals can bear, they can also eliminate the pressure of inflation by investing in foreign currencies, stocks and precious metals. (Far Eastern New Century Corporation/Zeng Zhiyuan)
[VII]
When shopping at the vegetable market, there are few thousand yuan bills left, which makes people deeply feel that everything is rising at the same time. Faced with the threat of inflation, it is the only way to be prudent and open up resources and reduce expenditure. After opening the annual family budget table and reviewing it again, my approach is as follows--
1. Increase passive income: if you don't manage money, money will ignore you. Invest in ETFs with fixed interest distribution (such as 0056, 00878, etc.), increase the principal, make the annual interest distribution more, and continue to invest the interest distribution, and get a stable income every year.
2. Make good use of year-end: first deduct the annual fixed expenditure, and the rest will be fixed deposit and investment. Make good use of banks with higher fixed deposit rates, and invest in value stocks or ETFs with monthly/quarterly interest distribution, so that there is a fixed income every month/quarter.
3. Financial management starts from life: set daily limits and control consumption limits. Try to set up a party at home during the holiday, reduce the amount of food you eat, and eat more healthily.
4. Less use of credit cards: infrequent credit cards are locked into the safe, and only credit cards with better feedback are swiped. (Jian Jing of Far Eastern Group/Amy)
[VIII]
Taiwan will enter the ultra-elderly society in 2026. Under the environment of less and less retirement resources, and the fuel of inflation, it will affect the quality of life in the future. Therefore, in addition to relying on social insurance (labor insurance) and occupational pension (retirement), we need to plan our own financial management, find a stable target better than inflation rate, invest as early as possible, create more compound interest by taking advantage of time, and then increase the investment base with compound interest, so as to allow capital to grow in a rolling manner. In addition, in the era of rapid change, we need to try to open up channels of making money, reduce living expenses, and keep healthy, so that we can have enough capital to fight inflation. (Chiahui Power Corporation/Liu Yulin)
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