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?
I don't know what type of assets you hold, let's say I guess your assets are in the form of property or coins of a different type. If the assets you hold are in the form of property, Are you sure you want to sell assets in the midst of economic difficulties?, inflation will make the price fall even more and you will suffer big losses.
While assets in coins do not need to be sold before the investment plan is not in accordance with expectations, let your assets remain in the wallet until the price has reached what you planned when you started investing.
The only way you can use emergency funds to finance your daily needs, you need to find additional funds by looking for routines that can support your economy. Never rely on assets or emergency funds when the economy is in a pinch, you need to be creative in order to maintain economic stability so that your assets are not touched.