Time to save money!

WeiHan

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The outbreak of a war involving Iran would send global oil prices soaring, as the country is a major energy producer and the Persian Gulf is a critical trade route for crude shipments. When oil supplies are disrupted, transportation, manufacturing, and energy costs rise worldwide, feeding into overall consumer price increases.

Inflation would then ripple through economies, making everyday goods and services more expensive while eroding the purchasing power of ordinary citizens. Central banks might raise interest rates to curb inflation, but that could also slow economic growth and strain personal finances.

In such uncertain times, saving money becomes crucial as it builds a financial cushion against rising living costs and potential job instability. By prioritizing savings, individuals can maintain stability and security even as global events create economic turbulence.
too late to save money liao, next few months will tio pok liao, drink west north wind liao, how to save?
 

Semakdd

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You mean gold and silver right, bcos paper money returns to its intrinsic value which is toilet paper
 

MoeLanYong

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It will be quite sad an existence when all that one cares for is money.

War break out jitao count money.
 

NintendoSwitch

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You mean gold and silver right, bcos paper money returns to its intrinsic value which is toilet paper
Gold and silver seemed to have remained stagnant ever since the Iran War erupted. It's like whoever was manipulating the market became too busy to move it up or down.
 

Semakdd

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Gold and silver measure by weight, dun measure it in the fiat currency
 

doogyhatts

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Modi Urges Indians to Buy Less Gold and Skip Foreign Trips as Iran War Strains Economy​

https://www.nytimes.com/2026/05/11/world/asia/modi-indians-gold-weddings-fuel-economy-iran.html

Modi urges Indians to WFH and limit foreign travel as Iran war continues​

https://www.bbc.com/news/articles/c8r8e2ne1v6o
Prime Minister Narendra Modi has appealed to Indians to revive working from home, buy less gold and limit foreign travel to deal with a surge in global energy prices because of the continuing crisis in the Middle East.

Modi said the austerity measures, reminiscent of the Covid era, would reduce India's fuel use and help save foreign exchange.

India imports 90% of its oil and its crude bill has seen a multi-billion dollar spike since the US and Israel's war on Iran, with the Strait of Hormuz, a narrow Gulf chokepoint, shut for more than two-and-a-half months now.

Analysts described Modi's appeal, made at a public event in the southern city of Hyderabad on Sunday, as the "most drastic" so far.

"Patriotism is not only about the willingness to sacrifice one's life on the border. In these times, it is about living responsibly and fulfilling our duties to the nation in our daily lives," Modi said.

"In the current situation, we must place great emphasis on saving foreign exchange," he added.

Urging people to use public transport such as the metro, Modi suggested people carpool to conserve fuel. He also asked farmers to reduce use of fertiliser by half.

The effect was visible on Indian markets on Monday - analysts say Modi's comments was one of the reasons the benchmark Sensex index fell more than 1,000 points in early trade amid fears of prolonged economic disruption.
 

Lchlch

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wanted to buy new mobile.
I think cannot anyhow.
I think just change the battery wlll do, spend maybe $40 instead of buying a new one around $400.
 

doogyhatts

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Is India in recession?
Probably but not obvious.
They have a dwindling supply of fuel and their stock market got a broad sell-off just two days ago.
Although there are no large scale protests on their streets.

Good enough for their opposition party to denounce the measures and label it as economic failure.
 

cyke69sg

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Probably but not obvious.
They have a dwindling supply of fuel and their stock market got a broad sell-off just two days ago.
Although there are no large scale protests on their streets.

Good enough for their opposition party to denounce the measures and label it as economic failure.
I think slow down only. Not recession.
Is China in slow down?
 

Sen Sen

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One example: Use cheaper cost brand like hellolulu/ anello instead of prada/ burberry bags.
 
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