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How to protect your money from inflation

Prices for the usual goods and services have risen every year since March 2020. And this has not stopped the Bank from tightening its screws on borrowers and reducing their interest on loans. Every 5-10 years, something similar is expected. Therefore, today we will talk about how to protect your money from inflation (and its effect on your personal finances). rate).Prices for the usual goods and services have risen every year since March 2020. And this is not a passing trend, but a mandatory one step for each of us who take their oath of office. to the country. In In December, the Bank announced a reduction in interest rates on Bank deposits, according to which interest on deposits from 2019 will be reduced by 30 basis points. And in January, interest rates were reduced for some period of 90 days. ?By lowering your expenses, you reduce the amount of interest you receive from the Bank. And in order to protect the money from inflation, you should adopt a monthly averaging strategy.Theoretically, any such reduction in interest rates can be justified on a "case-by-case" basis. But in practice, it only means one thing-that your money is being kept at home and "under the mattress" (even when you are sleeping). In this article, we will talk about how to protect your money from inflation and what can be done to increase it.Money can't buy happiness Just like you might have guessed. In fact, you can't do this. 1) No one is responsible for their high costsPrices for the usual goods and services have increased almost ten-fold since the end of March 2019. And this is without taking into account the effect of new tax laws and adjusted effective tax rates. 2) inflation cannot be controlled Just like a roller coaster (the Bank rate will always be higher than the rate of inflation). Therefore, in order to get rid of money problems forever and become a financially wealthy person, you need to learn how to properly handle your personal finances. 3) Spend more Than you earnIt's no secret that our country has a high inflation rate.But we also have a very large "financial cushion" — so when the bubble bursts, it's not the money that's going to get hurt, but the poor management of personal finances.Learn to "make friends" with your money. Make them "work" for you. Make them "feed" you and your entire family. 1) Read my article " Where NOT to invest money? TOP 3 most dangerous places for money". 2) Read my article "what skills you need to become rich".