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How To Navigate the Hard Times Prudently

The cost of living is rising while salaries remain stagnant. This article highlights how to navigate the hard times prudently...

Elechi Emekobum By Elechi Emekobum 7 Min Read

For so millions of people out there, these are challenging times. However, how do you navigate the hard times prudently?

keeping in mind the escalating cost of living, it is not unfounded to believe that things are more challenging than ever before.

While salaries for most people remain unchanged, the cost of living continues to increase, creating a challenging financial situation for many.

However, being able to skilfully manoeuvre through tough times requires a prudent approach. As a matter of fact, it’s extremely important to exercise caution while navigating this difficult circumstances.

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Prudently navigate the hard times

How can one effectively navigate this challenging phase of our lifetime with caution and wisdom?

What strategies can be employed to wisely navigate through this arduous and demanding period of our lives?

In light of the mounting expenses associated with livelihood, it is not irrational to contemplate that the difficulties faced in recent times surpass all previous experiences.

Generally speaking, the ever-increasing expenses is gradually destroying our sense of joy. Therefore, it is reasonable to empathize with those who may desire to completely give up on everything.

This was surely not the New Year wish and plan , but what can we do to get through 2024 with what we have now?


#1]. Spend smarter

Being able to manage your personal finance and be more prudent is important nowadays that the cost of living continues to rise.

The fact is that the ways you manage your personal finance entirely depends on you. You will have to consider your income, outgoings, and your lifestyle.

Smart spending is the secret to financial wellness and prudence. In short, to spend smarter means being able to live within your means.

SEE ALSO: How Young People Can Organise Their Personal Finance

How to organize your personal finance

Furthermore, it also means saving for short and long-term goals, and this includes making a plan to pay off any debts. Additionally, spending smart means to stop choosing wants over needs.

In other words, you simply have to be savvy with your money. So, how do you spend smarter in this challenging times? It’s important to control your shopping expenses and stop buying on impulse.

List your needs (food, rent, transportation etc), then list your wants (indulgences, non-essential subscriptions, extra clothes etc) and make a firm decision not to spend money on any want until you’ve met your needs.

In fact, it’s a high time you stopped making questionable spending decisions that could affect your saving and financial wellness.

#2]. Rethink your relationships

Relationships play an important role in our wellbeing, however, the fact is that not all relationships are worthy of keeping in some cases.

In other words, relationships you are keeping have to be healthy relationships, otherwise, you will have to rethink them for your wellness.

The fact is that some friendships or relationships ain’t worth it. You have to stop keeping some people around because they could ruin you.

Instead, focus your energy on getting closer to those who add to your life. You have to be around the people that support you emotionally.


In other words, you have to be more sensible and careful with those people around you. You need to be around people that can contribute to your financial wellbeing, or just, you know, bring you zero stress.

SEE ALSO: How To Build and Maintain Healthy Relationships

How To Build and Maintain Healthy Relationships

#3]. Be more realistic

Being realistic is another important thing you will have to consider and it simply means being honest with yourself. In fact, being realistic is essential to both your health and financial wellbeing.

Essentially, being realistic means becoming aware of your own biases, flaws, and internal assumptions. As a matter of fact, having a clear-eyed view of yourself and income can help you prioritize your needs and wants.

In essence, it’s dangerous to plan your life with money you don’t and might never have. Though it could be a tough ask at times, creating a budget is the best way to go when it comes to managing your personal finance.

Rather than planning with money you don’t have, having a budget can really simplify things for you. Though it may sound too good to be true, creating budget will help you know, very easily, what you can and can’t afford.

Though nothing beats being able to earn more money now, it’s important to be more realistic about your financial situations.



References / Resources



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Elechi Emekobum is into health and social care. She loves blogging, content writing, social media, branding, travelling, gadgets, and health products. Check out her other articles on and follow her on Twitter.
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