Tighten your belts – Keeping it together in a tough economy

You are not a ‘marlian’, so you better tighten your belt, the government is coming for a bigger share of your wallet.

This is what’s happening –

VAT – As we all know, this is going to 7.5% from 5%

Electricity Tariff – Tariffs are going up by about 78% in April.

Petrol – Has been stable but with pressure on government finance they could adjust that upward.

Inflation – This has been trending upwards. And as we all know with a higher minimum wage, things could get more expensive.

And to make it worse, income from Treasury Bills has slumped.

So we all have to tighten our belts. And if you don’t wear belts, tighten whatever it is you wear.