I am torn between using my emergency funds or selling some of my assets to cushion the effect of this economic situation. What do you suggest I do?
I will recommend to use emergency fund for fighting against this situation. Emergency funds are there to be used when needed , if you not use in this situation am then i am not seeing any better situation to use it. another option is asset selling but i will recommend to sell only those asset you believe that its price will not increase high in year because some asset are so worthy like land in our country. Also try to earn online by doing some skill work or trading as the value of usdt is high and you will get high payment than your fiat.
That's right, it's at a time like this that an emergency fund is needed and we set up an emergency fund for this kind of thing, compared to selling assets I think it's very ineffective, selling assets is not for reasons of improving the economy but selling assets when you already have a large or sufficient profit.
Assets may have better prospects in the future, so it would be a shame if they had to be sold just to reduce the impact of this economic situation, while there is no possibility for emergency funds in the future, we can still prepare them again when the situation recovers later.