The government’s recent proposal to increase the Value Added Tax (VAT) from 11% to 12% in early 2025 has sparked considerable discussion.

This plan is expected to have widespread implications for the economy, significantly affecting employees as it may indirectly impact their purchasing power and overall well-being.

Thus, it’s crucial for employees to be aware of strategies to navigate the upcoming 12% VAT increase. Okezone will explore this topic from various sources on Saturday (28/12/2024).

One effective approach for employees is to adopt a frugal living mindset to manage the challenges posed by the impending VAT hike.

In our fast-paced, consumer-driven society, the concept of frugal living is becoming increasingly relevant.

Implementing the principles of frugal living can empower individuals to manage their finances prudently and alleviate financial stress, particularly in light of the VAT increase.

Frugal living serves as a pathway to enhance life quality by better managing time and finances.

How to Start Practicing Frugal Living as a Beginner?

Frugal living emphasizes mindful and economical spending. This lifestyle embraces the philosophy of frugality, prioritizing essential expenditures while avoiding wastefulness.

According to the North Sumatra Regional Office of the Directorate General of State Assets Management, frugal living is the conscious and intentional allocation of funds to achieve future financial goals.