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?
Use your emergency funds that are there for this specific purpose. Because if you sell your asset at the moment, when the market is not looking good, you might end up losing your potential profit in the future. As far as inflation is concerned, it is hitting everyone hard and has shaken the budget of every individual.