13/12/2025
Coping with rising prices and how to manage your funds wisely
Rising prices create challenges for us all. But you do not need to feel like a helpless victim. There may be things you can do to improve your situation.
Why it matters? If you don’t at least try to manage your money, your finances could easily spiral out of control, adding to your worries and anxieties. Even if you have limited funds, there are several things that you can do to help you manage your finances.
What you can do?
Live within your means. When you do this, you will likely feel more in control of your financial situation and more confident about dealing with unforeseen expenses.
To help you live within your means, create a budget—a plan that tracks your income and expenses. As you consider your budget, carefully determine your real needs. Then do your best to stick to your spending plan, adjusting it as your income or prices change. Of course, if you are married, involve your mate in any decisions.
Try this: Instead of buying items on credit, pay with cash if you can. Some find that by spending in this way, they manage their budget more effectively and even stay out of debt. Also, take the time to review your bank statements. You will feel less stressed when you know how much money you actually have.
Living within your means can be hard. But a practical, well-thought-out budget can be a big help. You may also have a greater sense of control. Luke 14:28 advice to calculate the expense.
There are other suggestions to on how to use your money wisely such as; protect your livelihood, avoid wasting your money, and save for emergencies. If you follow these tips you can manage your money wisely even in time of hardship. For more information about these tips and other suggestions, visit jw.org.