Post
Topic
Board Economics
Re: Inflation is making a mess of my savings.
by
bestcoins1
on 22/07/2023, 17:25:28 UTC
We must rearrange financial management to adjust to the impact of inflation. Several options must be implemented, including reducing spending costs and converting savings into investment assets that have the potential for stability, such as investments in gold, land and others.
In this case I also agree more with the options you are offering because it is quite clear that gold, land and several other properties are still very good to own besides Bitcoin. Because some of the assets in your options are assets that are still very useful at this time and are still very much sought after by investors. The point is to seek profit in addition to their own future savings goals and this can also enable them to fight the effects of inflation because they also have to be able to manage their finances to be able to achieve this.

Quote
We don't know how long the impact of inflation can be restored to improve the economy in various countries, everyone must have their own strategy to limit the use of savings funds, such as hunting for food or goods that have been discounted at various shopping centers, these efforts help you to save money and manage expenses only for basic needs.
Those who are still struggling with inflation at this time must indeed be able to manage spending their funds into things they need only. So they will limit unnecessary spending of funds as long as they are still struggling to fight inflation, because that is the basic thing before making additional strategies for this. And I think that each of us should always have better efforts to use funds in life before feeling the effects of excessive inflation.