Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?
Saving money isn't something anyone can afford to do, especially having family to support. If you make enough money to buy textbooks and school uniform for your kids, you are a lucky parent, and your kids are lucky too. Education is the most important thing we can give to our children. I would suggest to invest in education in any circumstances rather than saving "for hard times". (Speaking from personal experience.)