How does change in market price effect on your Financial life
Market prices are constantly changing and so are our finances. Whether we live with a higher or lower income it can be difficult to change our habits and stick to a budget when a price of goods change. When we buy something and the market price of that item changes, it impact whether good or bad on our financial life. An increase in price of a product, service, or even a good can often leave consumers feeling uneasy.
We therefore ask ourselves how we are going to keep up with the increased costs. In fact, the costs may prove too much that we will be surprised to find out that a change of just a dollar in market price can leave someone worse off than before.
For exampleIf the market price of a stock company goes up, the value of the shares will increase. If the market price of a stock goes down, the value of your shares will decrease.
But this make a big difference in our financial life if the market price of a goods goes up,it affect our budget and financial life. Average Nigerian are low income earners, but they suffered with high market price, and their little income don't worth buying anything in the market.
The change in market price make a big effect on our financial life, we find it difficult to keep money in saving because our budget is constantly changing with time. Although there are many ways to save money when the prices of things going up. One of it is to change our spending habits. But is it that easy with the economy situation.
We're all rich, but the effect of change in market price made many of us struggling with our financial life. we have to follow the trend by adjust our budget while considering economics situation. Maket is there to change from high to low, vice versa but this shouldn't affect our financial life.
When the market is high we can start by reducing our expenses and put some money in saving. Saving money when there is change in price is 50/50 chance, only people in Nigeria can understand this better. It really hard for price of good that goes up to come down, so that's why saving sometime is not a good option when things goes up in Nigeria, but still worth it.
Keep money in saving, manage your spending, and invest can help the situation when market price is changing.
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