Globally speaking, we live in a dispensation where socio-economic crisis has taken sway in several nations of the world. The year 2020 has been quite a tempestuous year. It all started with the outbreak of covid-19 and then followed by a series of demonstrations, protests and civil unrest rocking a number of countries.
The attendant crises have been job losses, high unemployment rates and shrinking consumers’ purchasing power. To avoid being caught up in a web of disillusionment, we have advanced five (5) critical steps that can help you keep your sanity in these perilous times.
- BE DISCREET ABOUT YOUR SOURCE OF INFORMATION
There are so many sources of information; some are credible and a lot are not. With the advent of social media, the peddling of fake news has become common place especially since there is absence of censorship. So, to protect your mental sanity, it is advisable to identify and stick to reliable sources of information. And even when you identify them, it is also important that you regulate the amount of time you devote to them. Having a fair idea of goings-on around you might just be enough. Minute details could be mind-boggling and even depressing.
- DO NOT BE IMPULSIVE IN EXPENDITURE
Impulsive buying is cash-decimating and in the long run, creates a big hole in your pocket. In difficult times, you put a check on your quests and desires. Remember, there is a difference between your needs and your wants. In hard times, you pay more attention to your needs than your wants and this will help you avoid being impulsive in purchases.
- BUY IN BULK
It makes a lot of economic sense to buy in bulk than in singles or units. Bulk-buying saves money. It might be time-consuming and a bit demanding but in the long run it is worth the while. Buying in bulk allows you an opportunity to negotiate for discounts which you may not get if you buy in units or singles. Bulk-buying is a sure way to keep your head above water in times of socio-economic crisis.
- USE DIGITAL WALLET FOR YOUR TRANSACTIONS
In times of crisis, especially when there is restriction of movement, your digital wallet comes in handy to enable you make transactions from the comfort of your home or wherever you may be. Apart from being convenient, it also helps you regulate your expenses as opposed to when you have physical cash at your disposal. It also helps you not to be impulsive. Your best digital wallet is the WayaPayChat. It is a safe and secure payment platform that in addition, offers you an opportunity to socialize with family & friends, share personal moments, chat and call for free! You can download the WayaPayChat app for free from Google Play and App Store.
- KEEP A POSITIVE MIND-SET
One of your most invaluable and intangible assets in times of distress is positive mindedness. Without this, it becomes difficult to cope. It becomes difficult to endure; patience eludes you and hopelessness creeps in. Keeping a positive disposition means being optimistic that the situation is a passing phase. It means keeping hope alive. Refuse to dwell so much on the prevailing circumstance. Learn to counter every negative thought with a positive one. Surround yourself with positive-minded people.
Remember to take advantage of WayaGram, the Instagram of Nigeria to socialize with friends and families and share positive thoughts and moments. Yes, you can keep your sanity in stormy times.