Inflation really is a mess that’s ravaging a lot of financial security right now. Even though it’s not as hard as it was during the pandemic, it’s still something that’s still a pain to a lot of us. A lot of poor financial movements and planning from the governments really messed up a lot of the balance of things in the world. Unfortunately though, they wouldn’t take accountability to a lot of their actions and would rather pass the burden to us citizens than to admit that they did an oopsie. Wages aren’t improving, prices are still soaring, and none of us are really getting our quality of lives improved.
And the ultimate problem is that we can’t expect for assistance from any charitable foundations because they are also battling with this inflation. So I can say that everyone of us is living a hard and difficult life due to this never ending inflation which eventually affect the prices of goods and even services to surge higher. That is why if we tend to just stay on our single job without aiming to add side hustles, then we will never see life’s improvement and progress and will continue to struggle with its effects. 
Topic: Inflation is making a mess of my savings. - page 3. (Read 1260 times)
I just remembered before that only a few people not known to have 2 jobs at a time but right now most of the people I've known do this or have a side Hua style because they know that their salary is not enough and also if they don't do it they don't have enough money. It is a sacrifice, but it is still for our good and our family, so it is better to make this sacrifice than not do anything.
The FED is the cause of everything, printing 20% more money in existence just in one year is indeed a disaster for every economy.
The situation is hitting hard here in my country as the price of pms skyrocketed from #200 to about #650-#700 per liter. Furthermore, goods and services keep increasing day to day with the increasing inflation. The worst thing one would do during this period is to depend entirely on one source of income to survive.
Man, tough times for real and this is like butchering us without even fighting back and that's why this is like survival of the fittest. One thing to do is to never leave anything you have as a source of income. You need to maintain that at least if you don't want to suffer with this inflation hikes.
Just think of it that you're privileged to have a job while thousands to millions have been trying to land one but cannot and while the others have been laid off.
Just think of it that you're privileged to have a job while thousands to millions have been trying to land one but cannot and while the others have been laid off.
Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
Constant change is part of life and this will never be static or remain as they were when people enjoyed or thriving!But as the laws of survival dictate, only the strong shall survive and at the moment this seems to be the experience some people might be going through and need to survive this wave.
But you my friend being a privileged person knowing about cryptocurrencies and the alike, you can counter against inflation by saving your money in BTC or a stablecoin to stop the bit coming from inflation and ifbit gets worse it means you have more currency if you sell your coins.
How are you guys pulling it through with this inflation?
Let's just say it's not as bad as what others are experiencing...Being contented with how we survive life during this inflation crisis will never be enough anymore. It is necessary that we'll still find other ways to earn and make money or else, we will only consume most of our savings.
We should double our effort and as much as possible, we must always look for ways to earn. The only thing that we can do to deal with this crisis is to be tough and always prepared for the possible changes that could happen unexpectedly.
No matter how the crisis situation might be, we must always find ways to earn and save specifically in Bitcoin. Saving and investing must also be our priority.
Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
Constant change is part of life and this will never be static or remain as they were when people enjoyed or thriving!But as the laws of survival dictate, only the strong shall survive and at the moment this seems to be the experience some people might be going through and need to survive this wave.
But you my friend being a privileged person knowing about cryptocurrencies and the alike, you can counter against inflation by saving your money in BTC or a stablecoin to stop the bit coming from inflation and ifbit gets worse it means you have more currency if you sell your coins.
How are you guys pulling it through with this inflation?
Let's just say it's not as bad as what others are experiencing... 
Inflation is not wat is only being felt in some particular regions or countries, it's a global challenge we cannot do without as long as we are running under thesame economy run by government and centralized Institutions, the fiat currency we also uses does not help the situation in any way because we can't depend on a currency that depreciate in value over time due to the effect of inflation over the economy, these have served the more reasons you discover people running after the decentralized economy that cannot depreciate with the role of inflation or economy clampdown, instead, it's independent of the government controlled system of traditional fiat currency, this alone is bestowed upon the adoption of bitcoin un cryptocurrency and no other alternative.
I just remembered before that only few people or not really known to have 2 jobs at a time but right now most of the people I've known do this or having side hustle because they knew that their salary is not enough and also if they don't do it they don't have enough money. It is really a sacrifice, but it is still for our own good and for our family, so it is better to make this sacrifice than not do anything.
Everything is getting expensive so a single person cannot manage the overall expenses alone either man and female both will work for better life or a man alone will do double jobs.
Sacrifices are needed for some time of life but not always because after hard work life become settled one day so never loss hope. Do better as you can because sacrifices leads to a comfortable life and I think that present situations are so hard that completing one's needs without doing double job is not a peaceful task.
I Think it will be better for those who don't have enough income to enter into dual jobs at a same time so if one salary is not enough then other salary will easily manage one's needs. Getting job is also not easy so try to settle some business in such area where there will not such business present before so it will gives greater profit.
Those are good words, mate. Indeed, if the purchasing power of your local currency declines, then you have to make more money. Your salary may be increased, like it happens in normal countries, or, if it's not the case in your country, you have to find an additional source of income. It's hard to work on two jobs, no doubt about that, but that's what we should do in times like this.
I Think it will be better for those who don't have enough income to enter into dual jobs at a same time so if one salary is not enough then other salary will easily manage one's needs. Getting job is also not easy so try to settle some business in such area where there will not such business present before so it will gives greater profit.
Those are good words, mate. Indeed, if the purchasing power of your local currency declines, then you have to make more money. Your salary may be increased, like it happens in normal countries, or, if it's not the case in your country, you have to find an additional source of income. It's hard to work on two jobs, no doubt about that, but that's what we should do in times like this.
Inflation occurs slowly and many people don't realize that their savings are decreasing from year to year even though the nominal amount saved is still the same. Its seems problem faced by many people around the world keep trust their saving fund in the bank although have lower values due inflation. Right decision when saving fund in investment kinds between property, gold or invest in Bitcoin how to keep lower values at the future because get inflation. All national currency will face inflation and not guarantee when saving money in the bank for longer time get the same values what we can buy.
But less solution with protecting our money or saving fund in fiat from inflation, have to adjust when saving fiat in the bank take risk with inflation later although two years saving fund only.
But less solution with protecting our money or saving fund in fiat from inflation, have to adjust when saving fiat in the bank take risk with inflation later although two years saving fund only.
But no matter what, you should always have a small savings for emergencies. you cannot use all your money to invest in assets like gold, real estate, or bitcoin because we do not always guarantee the value of our assets when investing in them, all of them are volatile and very easy to depreciate at a given time. Investing in deflationary assets is one way to fight inflation, but it's not without risk.
because you dont have funds for you to make use specially when there are sudden emergencies or on the time that you do need money. Inflation? Its not something unavoidable and this is why if you do find out yourself that you are highly been affected with inflation then always be wise on expanding your business and other source of income because on this way you would really be able to avoid such condition on being affected much.
You could always be able to sustain if you do have lots of source and dont forget that always having that back up or emergency funds.
Inflation occurs slowly and many people don't realize that their savings are decreasing from year to year even though the nominal amount saved is still the same. Its seems problem faced by many people around the world keep trust their saving fund in the bank although have lower values due inflation. Right decision when saving fund in investment kinds between property, gold or invest in Bitcoin how to keep lower values at the future because get inflation. All national currency will face inflation and not guarantee when saving money in the bank for longer time get the same values what we can buy.
But less solution with protecting our money or saving fund in fiat from inflation, have to adjust when saving fiat in the bank take risk with inflation later although two years saving fund only.
But less solution with protecting our money or saving fund in fiat from inflation, have to adjust when saving fiat in the bank take risk with inflation later although two years saving fund only.
But no matter what, you should always have a small savings for emergencies. you cannot use all your money to invest in assets like gold, real estate, or bitcoin because we do not always guarantee the value of our assets when investing in them, all of them are volatile and very easy to depreciate at a given time. Investing in deflationary assets is one way to fight inflation, but it's not without risk.
It is understandable not to have any savings due to health problems, health comes before everything else and as long as you are capable of paying for your medical bills, that alone is good enough and I wish you a speed recovery to your full health. Do not aim at saving some money when you are facing these troubles, that would only give you more stress, if you are incapable of saving money but capable of saving yourself, that is a much better thing and you should do that if possible.
Of course the situation is that we are talking about something that is a bit challenging, and that's why it's going to take a bit of time and we are not going to end up with a situation where it's going to be easy. So take that with grain of salt. You could have troubles, but ignore the responsibilities for now, only focus on health.
Of course the situation is that we are talking about something that is a bit challenging, and that's why it's going to take a bit of time and we are not going to end up with a situation where it's going to be easy. So take that with grain of salt. You could have troubles, but ignore the responsibilities for now, only focus on health.
The reason why I don't have any savings due to health problems is because I have to spend almost all my savings on my health problems. Health comes first of course and for this reason I spent all my savings in the process I mentioned to improve this health problem. Do I regret it? Of course not because my state of health has almost reached the level it was before this period and now I feel much better.
Saving, of course, causes intense stress but in this world where we don't know what we will experience the next day in case of possible health problems and similar needs, it is also very important to focus and determine a roadmap for ourselves in order to be able to spend comfortably.
Of course, my main focus of attention in the last few months has been my health but it is also very important to save money in order to ensure my future and to avoid financial difficulties in the next possible health problem. I'm trying to determine a roadmap how I can save money without stress.
You need to accept what is happening and adapt to it. If not, do you have any solution for that? Are you sure that when your country has another government, they will make your life better, and why should you rely on them? It sounds like you're trying to blame everything because you're having a bad life right now, and it's not your fault. Although inflation is still there and will never disappear, why do so many people have more stable lives than we do? Is it their fault or ours or the government's?
Sad but I have to agree.Even if these governments are too concerned with the rising inflation for each of them, they can't even control it and how much more we as citizens. We have nothing to do to stop or delay it.
We hold our own steering wheels of our lives and whether the government is obliged or not, we only have control to ourselves and what we're doing.
In these difficult times, all the authorities and governments do is give hope to the poor that things will be alright as time passes, a lot of people die only because of hunger in different countries, why? Because they don't have any money to buy food and even if they have some, that isn't enough for them to feed their families for a whole month.
snip~
. I don't disagree that we need to adapt to the rapidly changing conditions, but there should be some kind of control from the governments; it has gotten so out of hand that the average household can barely survive.
. I don't disagree that we need to adapt to the rapidly changing conditions, but there should be some kind of control from the governments; it has gotten so out of hand that the average household can barely survive.
You need to accept what is happening and adapt to it. If not, do you have any solution for that? Are you sure that when your country has another government, they will make your life better, and why should you rely on them? It sounds like you're trying to blame everything because you're having a bad life right now, and it's not your fault. Although inflation is still there and will never disappear, why do so many people have more stable lives than we do? Is it their fault or ours or the government's?
I understand what you're saying, and I can't deny that the government has a part to play in increasing inflation and people's lives. But I still repeat the old question to you, do you have any solution, what can you do to make the government listen to you and do what you say? Or do you just talk and talk and can't do anything more?
Everyone knows and requires the government to quickly find a way to solve inflation, but so far they have not been able to improve the inflation situation, and what will we do next?
I know that not everyone has a decent education, a job with a salary enough to cover their lives, many people are living in very miserable circumstances. But apart from saving themselves, they can't ask or force the government to save them, if they could, things wouldn't be as bad as they are now.
Inflation occurs slowly and many people don't realize that their savings are decreasing from year to year even though the nominal amount saved is still the same. Its seems problem faced by many people around the world keep trust their saving fund in the bank although have lower values due inflation. Right decision when saving fund in investment kinds between property, gold or invest in Bitcoin how to keep lower values at the future because get inflation. All national currency will face inflation and not guarantee when saving money in the bank for longer time get the same values what we can buy.
But less solution with protecting our money or saving fund in fiat from inflation, have to adjust when saving fiat in the bank take risk with inflation later although two years saving fund only.
It is true that inflation actually happened slowly. Even without us realizing it, inflation continues from year to year even though there is no pandemic or global economic crisis. We may not be too aware that inflation really has an impact on our savings in the bank if we only save money within 1 to 2 years. But if we keep our money in fiat for too long in the bank then we will start to realize when we will spend the money on things we need in the next few years. If 2 dollars is enough to buy 2 cakes in the current year then maybe in the next 3 years 2 dollars will only be enough to buy 1 cake. that's when we'll realize that depreciation in the value of money actually goes quite fast. even 50 percent in a few years in some countries. But less solution with protecting our money or saving fund in fiat from inflation, have to adjust when saving fiat in the bank take risk with inflation later although two years saving fund only.
Inflation occurs slowly and many people don't realize that their savings are decreasing from year to year even though the nominal amount saved is still the same. Its seems problem faced by many people around the world keep trust their saving fund in the bank although have lower values due inflation. Right decision when saving fund in investment kinds between property, gold or invest in Bitcoin how to keep lower values at the future because get inflation. All national currency will face inflation and not guarantee when saving money in the bank for longer time get the same values what we can buy.
But less solution with protecting our money or saving fund in fiat from inflation, have to adjust when saving fiat in the bank take risk with inflation later although two years saving fund only.
But less solution with protecting our money or saving fund in fiat from inflation, have to adjust when saving fiat in the bank take risk with inflation later although two years saving fund only.
The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought has charged Prince without any reason.
How are you guys pulling it through with this inflation?
Inflation from fiat currencies is bad and it happens in all nations, just more or less, inflationary or hyper inflationary.You buy something for a certain amount today, in the next one week, that same item you bought has charged Prince without any reason.
How are you guys pulling it through with this inflation?
You got problems with your savings because you chose wrong assets for your savings. If you picked a fiat currency for your savings, your saving interest annually can not cover the inflation rate annually in your nation.
If you look at alternatives like Gold or Bitcoin, you will have less problems from fiat inflation.
Inflations never been on the board from an onset. Still the governments that opposes the welfare of the masses that implemented and introduced this same bad hard times upon the masses all to feed fatter on the public funds.
You should have elaborated on this and perhaps introduce your country so that people can know the direct answer to your lamentation. This largely depends on countries and I will like you to know that inflation could be policy-induced or just crept in without any change in policy. The latter could be a chain reaction of an internal or global flow chain which you can't blame anyone.Yet, a responsible government would introduce measures to counter it on time.
Under normal circumstances, savings can never be greater than inflation rate. If you want to beat inflation, then you need to make investment rather than saving. Here in India, term deposits usually give interest ranging from 5.15% to 5.50% per year (depending on the bank). Inflation rate at present is around 5% to 6%. But there is a catch. Interest from term deposits will be considered as your income and you need to pay income tax on this interest. So effectively you may receive somewhere around 3.55% per year from term deposits.
This is serious, government will tax anything as long it's connected to money, why tax individual who deposit to avoid inflation only to be paying tax for something that wasn't worth it, I will never save money to banks, that's modern slavery. I will prefer to say Bank is a curse and they are big time scam since inception, putting money inside their vault is like giving them your money for them to survive the heat of the government inflation policy that will come back to hunt because the government will take from you as tax while food price will have appreciated, no way a common man will ever enjoy a country in peace. Bitcoin beat any form of currency and if your country happen to have no status for Bitcoin, you will enjoy free tax in your investment, will prefer the no status to even avoid given back to the slave master government.
snip~
. I don't disagree that we need to adapt to the rapidly changing conditions, but there should be some kind of control from the governments; it has gotten so out of hand that the average household can barely survive.
. I don't disagree that we need to adapt to the rapidly changing conditions, but there should be some kind of control from the governments; it has gotten so out of hand that the average household can barely survive.
You need to accept what is happening and adapt to it. If not, do you have any solution for that? Are you sure that when your country has another government, they will make your life better, and why should you rely on them? It sounds like you're trying to blame everything because you're having a bad life right now, and it's not your fault. Although inflation is still there and will never disappear, why do so many people have more stable lives than we do? Is it their fault or ours or the government's?
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