Quote from: bettercrypto on June 05, 2023, 04:17:58 PM

Quote from: Tallupooh on January 21, 2023, 06:19:24 AM

how to deal with inflation according to my community:

1. Save money
2. Prepare for an emergency
3. Looking for additional income
4. Consumption of domestic products
5. Start investing and saving

that is the way in my opinion to overcome inflation in society. then what do you think? Is this way possible to overcome inflation?

I wonder how saving money can help with inflation. Because even if I save money if the prime commodities increase, maybe the money I have saved will for sure be used up in a short time. Maybe, our government officials are able to manage inflation well and properly, what you say is for sure that will help somehow in my opinion.

And if we are facing inflation today, maybe somehow investment can help us and it depends on what category we choose, it can be real estate, business, Bitcoin or top cryptocurrency in the market, or Gold.

saving and investing wisely and choosing categories like gold, bitcoin, cryptocurrencies are some of the ways to deal with inflation. and it's all a long term investment.

And it's true that when there's inflation, it's possible that the prices of some key commodities will rise so that your savings may not be enough to buy supplies. then what you have to do besides looking for additional income you should also start trying to grow crops such as vegetables by using hydroponic planting methods that do not require large areas of land and livestock such as fish which can be combined with growing hydroponic vegetables and other livestock on the land that you have or around your house to meet daily life and deal with inflation. so you can save and invest more.