Quote from: nesty on May 12, 2023, 02:08:59 PM

Inflation can make it difficult to save money for future purchases and goals. As an inflation rates increase, the value of money decreases over time, making it for individuals to save. This can lead people being more likely to spend money now rather than save for the future. It is important that delayed gratification can still be beneficial in the future. To combat inflation is to invest our savings in an assets that have historically outpaced inflation such as real states or stocks. We should also be mindful and have self control for us to be prepared to delay impulsive spending.

Everyone has differences in the economy that occurs when inflation is running. there are people who endure lifestyle or expenses that are not needed at the time but there are some people who can't stand all this and spend money to relieve their stress.

Quote from: kojektea on May 12, 2023, 03:03:55 PM

I don't really feel the impact of inflation because my use of money is very minimal. I always buy necessities not for what is in style or to be resold in the future unless it's an asset to invest in like crypto and gold. yeah that makes me a little calm in dealing with inflation. It looks like I don't have a lot of money but it also keeps me from being affected by inflation.

You are one of those people who might be able to manage finances and turn off your lifestyle for the next life. This cannot be done by everyone because the principles of people are always different in the future. But if you have been through all the bad things and it will be easy for you if it happens again or something bad happens

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