Quote from: tjtonmoy on Today at 06:35:26 PM

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

1. Save money

Only saving will not help you overcome inflation. What happens when inflation took place? The value of money decreases and the price of good increases. So if you think about the long run, saving your assets in money will not help at all. Over time, it will lose its value due to inflation.

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2. Prepare for an emergency

Can anyone tell me how is this going to help overcome inflation? I guess preparing for emergency still count as saving money. What else could help you in emergency during inflation. But as mentioned on the 1st point, saving money will decrease its value overtime.

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3. Looking for additional income

This is acceptable. Money is something that we need, and it's never enough. Having multiple ways to earn more will always help, even if it's not during inflation.

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4. Consumption of domestic products

Not everyone has the ability to grow their own food. In big cities, there are just buildings. Where are you going to grow them? You need a personal place in order to do it. So this is an option for certain people with certain lifestyle who are able to produce their own goods.

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5. Start investing and saving

This is the best option. If we have the asset and ways to invest them, then we should do it. Money makes more money. If you keep it as it is, it looses its value. So finding multiple ways to grow our assets should be our first priority.

all the points you have mentioned are very vaild