Post
Topic
Board Economics
Re: Savings during inflation
by
Altryist
on 15/09/2022, 17:49:15 UTC
Saving should have a purpose. It could be for emergency purposes or for our future investment. We have to make sure that we're still making money out of it. Saving might sound hard during this crisis but as much as possible, we should still save for us to have a profitable investment in the future.
Saving money is not easy, you need good discipline for this. It is also important to understand what you will do with them later. Money should work, if it lies idle, then sooner or later it will go to someone else who knows what to do with it. You need to generate assets that will make a profit, and the more assets you have, the more profit you will receive. Investing money in a bank is pointless, very little profit, with too high risks.