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How to save money during inflation
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[QUOTE="Jasmine, post: 268319, member: 49159"] When there is inflation, the price of commodity increases, and the purchasing power parity decreases. When this happens, your money does not have the same value, it can no longer buy the same item that it used to previously. Therefore, saving money during the inflation is very difficult. Even of you manage to save money, the value of your money will continue to decrease. Therefore, during inflation you should focus more on investment rather than saving. When there is inflation, the stock market goes down, that’s because during inflation the price of raw materials increases, thus production cost increases, when the product becomes expensive, people stop buying the products, which will reduce sales and profits. When sales and profits reduces, the stock price also goes down. Therefore inflation is the time for investment. If you want to save, you will have to first cut your expenses massively and try to resize your life for the same amount of money that you used to spend previously. [/QUOTE]
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