Is it possible for us to defend ourselves against inflation?

[klassicdoll]

We are forced to cope with inflation because we cannot avoid it. Since inflation is here to stay, where will we be able to find solutions to combat it or safeguard ourselves from it? Investing your money is one method of preventing inflation. Your money is invested in something that has the potential to appreciate in value. You may even be able to improve your financial circumstances and keep up with inflation by doing this. But it's crucial to keep in mind that investing entails risk.

 

[deucher]

For me, only investments can protect me from the effects of inflation because there are no other methods except to earn times more than inflation.

 

[mrki444]

This way we can stop losing value for money we decide save or invest but we can't stop losing value for money we must spend for grocerys and bills. Those costs go up and we can't do anything about it.

 

[Stardom22]

l think it's not really possible to defend yourself from the inflation. What is actually there is that we can equip ourselves to live with the inflation.

 

[eLdavis]

The only way to protect yourself from inflation is to simply prepare ourselves. Manage what you have, invest and save.

 

[Augusta]

Inflation comes to raise prices of things snd services. So it is to make more money to meet with inflation. Even saving money during inflation might be counterproductive

 

[freelancermaria]

Investing is one of the ways I protect myself from the negative impact of inflation on my finances. Though my investment may not be substantial, I believe it is better than not doing anything at all. Additionally, I participate in various online forum websites to earn extra income and expand my knowledge on different topics.

 

[magnus2022]

The only way to save ourselves from inflation is to make more money. Thst is simply the only possible means to survive. Another way to protect ourselves from inflation is to produce what we eat. Agriculture can be great help during inflation and economic downturn.

 

[Augusta]

Yes you can though it might be difficult but it is doable. Just keep making more money to fight high prices of things