Post
Topic
Board Economics
Merits 4 from 1 user
Re: How has inflation affected your savings and investing?
by
Reid
on 24/09/2021, 16:44:58 UTC
⭐ Merited by The Pharmacist (4)
It does hurt the budget but we also saved more because we don't really go outside when the pandemic shocked the world.
How come? Expensive kinds of stuff are always bought at malls or shopping centers.
Since we cannot get out anymore (we just don't want to) because of the terrifying illness that might be passed unto us and then with kids we tend to save more by avoiding to eat at fancy restaurants and buy things that we don't really need.
 
But it did hit the water and electric bills because we are now inside the house the whole day.
About food, vegetables and meat products are still okay but it is fruits that hurt my pockets. We want to be as healthy as we could to avoid being sick but it hurts to see that being healthy means you need to be almost rich.
Savings - As said above, when we break down the total amount spent pre-pandemic compared to now, we actually saved more.