I reluctantly followed the counsel of a financial advisor to fix my finances in order by creating a budget and tracking my expenses, inflow and outflow of cash using an excel sheet. The economy has been crazy in my country so I needed to do something urgently. My greatest realization after this is that inflation all round is destroying my budget. It's been five months now. 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?
You can use 30% each of your emergency fund and your assets to meet your daily needs as long as inflation is still going on, the period of inflation causes an imbalance between income and expenditure, that's the reason why many people are in great trouble when the government is unable to reduce inflation wisely and precisely.
also avoid buying unnecessary items and postpone your vacation plans with your family
(if you have those plans), as long as your economy is not stable, be consistent in maintaining your financial condition.