Money doesn't last as long as it used to. At the supermarket counter at the gas station, at the fruit stand in the wet market, at the parking lot exit, even at the roll gate, prices have gone up and we find ourselves forking over money than usual for the same goods and services we've been getting regularly.
PRICES - not going down.
EXCHANGE RATE - will follow oil prices.
JOBS - may still not be enough.
OUTPUT OR INCOME - slower growth.
PERSONAL CONSUMPTION SPENDING - slowing down.
OVERALL ECONOMIC OUTLOOK - not rosy. But don't despair, you are not powerless. You can do something about it.
WHAT WE CAN DO..........
Don't throw in the towel. We can all survive and cope with the economic situation by doing these:
1. MAKE THE MOST OF THE LIMITED BUDGET - look at how you can meet your need with less expense.
2. PAY TAXES FAITHFULLY - this will put money in the national treasury which can help finance the projects of the government.
3. ASK FOR A RECEIPT EVERY TIME YOU MAKE A PURCHASE - this will curb tax evasion and will force business owners to pass on the VAT collected to the government.
4. BUY PILIPINO PRODUCTS - if you buy Filipino products, the income stays within the country and that income can be used to buy other goods. If you buy imports, the income goes abroad.
5.CONSERVE ENERGY
6. PRODUCE YOUR OWN FOOD IF YOU CAN - buy starting an organic garden.
7. DO AWAY WITH UNNECESSARY EXPENSES - such as texting.
8. DO MORE PRODUCTIVE PURSUITS - rather than gambling.
9. IF YOU HAVE RESOURCES, INVEST - "small, even micro-enterprises, go along way into creating more jobs. For every peso you invest in a productive venture you are contributing to the creation of jobs, therefore creating more purchasing power taken all together it will become a snowballing effect of rein vigorating the economy".
PRICES - not going down.
EXCHANGE RATE - will follow oil prices.
JOBS - may still not be enough.
OUTPUT OR INCOME - slower growth.
PERSONAL CONSUMPTION SPENDING - slowing down.
OVERALL ECONOMIC OUTLOOK - not rosy. But don't despair, you are not powerless. You can do something about it.
WHAT WE CAN DO..........
Don't throw in the towel. We can all survive and cope with the economic situation by doing these:
1. MAKE THE MOST OF THE LIMITED BUDGET - look at how you can meet your need with less expense.
2. PAY TAXES FAITHFULLY - this will put money in the national treasury which can help finance the projects of the government.
3. ASK FOR A RECEIPT EVERY TIME YOU MAKE A PURCHASE - this will curb tax evasion and will force business owners to pass on the VAT collected to the government.
4. BUY PILIPINO PRODUCTS - if you buy Filipino products, the income stays within the country and that income can be used to buy other goods. If you buy imports, the income goes abroad.
5.CONSERVE ENERGY
6. PRODUCE YOUR OWN FOOD IF YOU CAN - buy starting an organic garden.
7. DO AWAY WITH UNNECESSARY EXPENSES - such as texting.
8. DO MORE PRODUCTIVE PURSUITS - rather than gambling.
9. IF YOU HAVE RESOURCES, INVEST - "small, even micro-enterprises, go along way into creating more jobs. For every peso you invest in a productive venture you are contributing to the creation of jobs, therefore creating more purchasing power taken all together it will become a snowballing effect of rein vigorating the economy".
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