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How To Save Money In A Country Where Inflation Rate Is Quite High?
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[QUOTE="Kendy, post: 242289, member: 63869"] Saving money in a country where the inflation rate is so high only goes out to show that the economy is unstable and is conflicting with the Citizens and as such having the ability to save money is very difficult. Looking back at the upsurge of the covid-19 pandemic, you would agree that most countries especially those in Lower-tier or underdeveloped countries where in a state of economic decline and inflation skyrocketed 100% due to lack of proactive measures to have curbed such future impediment. Now, looking back at savings morale during that, people were finding it very hard to even feed themselves on a normal 3 square meal because most companies had laid off their staff and some had slashed their salaries. Only those that were lucky enough were those working in government organisations and establishments and in such cases, saving becomes totally impossible because man is only looking after how he is going to feed to survive till the next day. When an inflation hits a nation, it becomes totally impossible to save because even at the verge of saving, there is high chances that you will still go back to dip into the money which would not help in achieving your goal either in the shot run or long run. [/QUOTE]
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How To Save Money In A Country Where Inflation Rate Is Quite High?
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