One of the sure way to slow down expenses is by practicing frugality. Even if you do such there are expenses you can not control. Those expenses are necessary expense to protect yourself and your family. Here are some of them: Taxes, Insurance, Food, Utilities. Here in NYC we are facing a number of them.
1. Implementation of new organization or new social service programs, results in increase number of civic employment which will be funded by an increase in taxes.
2. Increase in cost of building products therefore increases homeowners insurance.
3. Reductions of police force and increase in auto thefts, reckless driving causing accidents and increase in auto insurance.
4. Increase in debts due to taxes and insurance and food and utilities expenses requiring the need for life insurance.
5. Increase in utility cost to protect profit and fund infrastructure improvements that should have been part of yesteryear’s budget.
6. Increase in government funding of public transportation so people can ride free or cheaply causing further taxation of hard working people.
7. You can not have a home or car without the required insurances. If you have a debt, you need life insurance or your children will be socked to pay off your debt.
8. You can’t do anything about the rising cost of food because we lost our way in growing our food and lost the land to the big Agricultural businesses and cities wants to build and space for growing food becomes a scarcity
In other words, you don’t get to decide how you use your hard earned money. Taxation and insurance takes away your financial freedom. Wake up NYC.
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