I don’t know about you, but I’m mad as hell and I’m not going to take it anymore. It seems to me there are a lot of good, honest, hard working people who are getting screwed over in this economy. Every time I fill the gas tank, “$60, please.” Every time I go to the grocery store “$100, please” What’s going on? Why are prices so out of control?
I found a great explanation at Bankrate.com
The all-items inflation rate represents everything people spend money on: haircuts, plane tickets, medical care, clothes — you name it. But, that number is puffed up by the pesky necessities — food and energy. So those two categories are discarded when calculating the core inflation rate.
In other words, the government doesn’t count the two things that are going up the fastest because they are too unpredictable and skew the results. Nice. So what to do?
Here are Two things you can do to help cope with rising costs.
1. Ask for a price increase.
If you are an employee, it may be time to raise your price. The food and oil companies aren’t afraid to raise their prices and pass them along to consumers, but for some reason good employees get timid when asking to be compensated for their worth. The main reason I think people don’t ask for a raise is fear. Fear of the word “NO!”
You don’t get if you don’t ask. Before you ask however, make sure that you can quantify your accomplishments. Management loves to measure things. If you can show how much you have made or saved the organization, let your manager know about it. The bottom line–If you know you are good and you add tremendous value to your company don’t be afraid to ask for a price increase for your services. They may still say, “No!”, but if you are a good employee who is respectful and not demanding, they may say “Yes”.
2. Start a business.
Everyone has skills. Most of us however, trade our skills for the security of a paycheck and benefits. What if you used your skills to make a few extra dollars? That would certainly help.
Here are two examples from my own life:
First, I love coaching. I coached my kids in soccer, basketball and softball for three or four years before I realized those referees I hated so much were getting $20 or $30 a game to take my abuse. I’d go home after a weekend of little league sports thinking about my kids games and the referees went home with $100 to $200 for putting up with me and watching the same games I saw. Talk about getting paid to show up. If you are looking for a few hundred dollars every month, look into refereeing youth and high school sports. Sure, you won’t be as popular, but the work puts gas in the tank and food on the table.
Second, I love computers and the internet. I always have. To me setting up websites and hosting packages, registering domain names and fixing computers is very easy. Some people, however find it intimidating. So I help them out. I do laptop computer repairs, internet and social media consulting and people pay me for my expertise. Do they pay me a lot? No. Most of the time I give my services away or I deeply discount them because I’m doing it for friends, but I’m starting to realize the value of my skills. I’m starting to get more serious about it. I’m starting to charge for it.
The point is, there are things you can do right now to help combat rising prices. You just have tolook around you. America is still the land of opportunity, but you have to be willing to work for it. The problem is most of us don’t bother until we get Mad at the Economy.
What are you doing to combat rising prices? Leave me a comment.