Be Warned! By Jimmy James Haynes:
A brilliant piece taken from his Facebook page:
The economic and financial fallout of Covid-19 has been catastrophic for national and household finances. Recently, Covid-19 cases have begun to increase rapidly as we continue to relax our vigilance. While most of us suffer from Pandemic Fatigue, we've got to be disciplined and focus on the medium to long-term future of our economy. There will be serious social and economic repercussions if we do not behave responsibly. This call for behavioral change goes to our leaders as well as every citizen of this country. This is not the time to relax.
Hyperinflation and the rising cost of food are
already exacting a heavy toll on household finances. This week, I saw a large
can of Exeter corned beef on a shelf for EC$18.00! I had no choice but to
refuse it.
We are going through what is typically referred to
as a Double Whammy. Covid-19 and its attendant financial woes plus, lifestyle crippling inflation. This isn't the time for you to spend lavishly on frivolous
cravings such as fetes, luxuries, Carnival, etc. Very soon, your salary, that
is, if you've got one, will be worth only 80% of what it was worth a couple of
months ago.
Salaries and wages are stagnant as the cost of living spirals out of reach of the majority of the population. We cannot depend on a government that has already thrown in the towel, to help cushion the debilitating impact of the rising cost of living. Be smart.
You are on your own. Review your spending habits.
Reconfigure your household budget. Get rid of the fluff. Start a backyard
garden. Grow some vegetables and green seasonings. Use your vehicle sparingly.
Walk more often. Eats less meat. Adopt a frugal approach to spending. Focus, as
we have not gotten to the bottom of this crisis yet.
You are warned!
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