Nowadays, there is inflation in almost all countries and countries cannot prevent this situation. We need to know the difference between investment and savings. People use different methods to protect the value of their money. Some people buy land or property and retain the value of their money as the value of what they buy increases over time. Some people buy Bitcoin and when they wait long enough, their money retains its value and they make a profit. There are many investment options similar to these.
Although saving and investing are different things, they both benefit people. When focusing only on savings, there may be a possibility of missing some investment opportunities. Investing at certain rates is an important move.
When talking about inflation, there are many things that will affect our lives, especially regarding the needs of life. In conditions like this, savings are quite important because people can use the money for urgent needs to meet their needs. I am not saying that saving is not important, but we have to adjust, for example when you have a source of income of $ 1000, we can divide it into several parts for savings, investment or to meet living expenses.
In conditions of inflation, it will not affect our lives because long before that happens we have prepared our finances to be more stable. That's why people say life needs to be planned especially regarding finances in meeting all needs. If not able to be prepared then in inflation conditions it will be much more problematic because we do not have good finances.