inflation and saving-is it killing our plans

[Fire&Rain]

I was just looking at my savings account and thinking, with inflation at this rate, is my money even growing? Feels like the interest barely keeps up. Makes you wonder if saving in cash is even worth it anymore. Are you changing your saving strategies or investing to fight inflation?

 

[magnus2022]

Due to inflation, keeping money in the bank is wasting and misuse of fund. Now, i invest in cryptocurrency. At least, staking and copy trading seems to be better investment plan.

 

[eLdavis]

This is one of the reasons why most financial experts do not recommend savings alone but yo also invest in other things.

 

[Springtime]

That's why you have to make investment. The interest rate of saving account is so low that it cannot catch up with the inflation rate.

 

[Kross]

Anyone that has a capital project now has to save longer in able to achieve that savings goal. It is that bad.

 

[Bigshow]

I guess that's why you will find an expert telling you not to invest a lot in banks but in some profitable thing