The 15 per cent value added tax (VAT) is not going any time soon.
That’s the reality that consumers in Fiji must face as the coalition Government tackles the country’s debt burden..
Prime Minister Sitiveni Rabuka has been active on social media about how Fijians can cushion themselves from this burden as the cost-of-living increases.
“While it’s regrettable that some may experience discomfort, I humbly implore your understanding and unity,” he said.
“Together, we must surmount these trials, rejuvenate our country.”
As households grapple with the repercussions of a 15 per cent value added tax (VAT) hike, the conversation within our homes becomes vital.
Prime Minister Sitiveni Rabuka’s words serve as the catalyst for discussing financial responsibility with our loved ones.
In the midst of economic challenges, these conversations lay the foundation for cultivating a generation of financially sharp individuals, ready to navigate budgetary challenges.
By engaging our children and the younger generation in discussions about needs versus wants, we empower them to comprehend the value of sensible spending.
It fosters a mindset that appreciates simplicity and health consciousness which are an essential attributes for weathering the storms of financial uncertainty.
Incorporating these lessons into everyday life transforms our homes into classrooms of financial literacy.
Adopting practical opportunities, such as involving children in budgeting decisions or setting up savings jars, instills a sense of ownership and responsibility.
As they witness firsthand the impact of their choices, they embark on a journey towards becoming conscientious champions of their resources.
Mr Rabuka’s call to action transcends mere fiscal policy; it becomes a shared mission to secure our households and communities against economic uncertainty.
As you return to your abode or await the arrival of your precious ones from school, much like a devotion or prayer session, think of organising your family time just for this.
By imparting the wisdom of budgeting and saving, we empower the younger generation to rise above challenges, making informed choices that contribute to their personal growth and the resilience of our nation.
The lessons learned within our homes echo not just in our financial well-being but in the promise of a brighter, more economically literate future.
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