08:57 24 July 2013
Just like all the commodities being sold in the market today, food prices may escalate as the low prices British citizens used to enjoy seem to have become untenable and could soon be a thing of the past.
Every day of our lives we have to deal with rising prices of food, clothes, gas, medical attention, housing, and transportation. We could go on and on and still wake up to yet another day of rising prices which has become inevitable as it is part and parcel of economic development, globalization and a lot of economic and financial jargons.
While prices are on a steady rise, our sources of income remain the same or sometimes even diminished. While we struggle and try to cope, we have to muster enough energy to create a cohesive master plan on how we can achieve financial stability.
Now more than ever, individuals have to strive to save and invest, and build a nest egg for emergencies or for retirement. This is a highly commercialized world we are living in where nothing can be done or be acquired without paying the right price. It is quite true that money cannot buy everything such as love, respect, or support. Be that as it may, financial stability is critical to maintaining stable family relationships.
We need money to feed, clothe, and provide shelter for the family. We need money to send then to school and give medical attention when they are sick. We need money to be able to socialize with our friends and other family members. When the financial stability is challenged, family relationships can be jeopardized.
As bills start to pile up with no savings and no rich relatives to turn to for help, that could start small conflicts that could soon snowball to big conflicts if not promptly dealt with.
Financial stability will allow you to live life with dignity and comfort, never worried how to survive this day to the next.
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