Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?
It sad for you friend and would even be more so for you if you only resolve to savings as your best means to hedge against inflation and most of all, the unexpected challenges that might come knocking at your door in the course of your life time.
Money finishes, that's the one thing you should have at the back of your mind. You've got to invest that money and not just have it saved somewhere. Saved money is still rocked by inflation which brings about devaluation.
Invested money, you get to watch your investment flow with the tide perhaps, you've invested properly in non seasonal.
Having it saved somewhere would help for a time but, what becomes of the money after you've used them all I'm solving them challenges.
Investing is better than savings.