Inflation is making a mess of my savings.

[EluguHcman]

Appropriate measures can be taken to manage the public monetary policies.

Inflations never been on the board from an onset. Still the governments that opposes the welfare of the masses that implemented and introduced this same bad hard times upon the masses all to feed fatter on the public funds.

[Jatiluhung]

When talking about inflation during the pandemic and after, my savings were a little shaken at that time. Because yes, of course the majority of us have used our savings since the economic crisis began after the pandemic. But for now everything is getting better. Because the rate of increase in prices is also no longer as aggressive and fast as before. But what makes us quite annoyed is that prices that have gone up rarely go back down. Which indicates that the value of fiat is decreasing without us realizing it.
But the situation in each country will be very different. because some countries have even experienced hyper inflation for a long time. namely from before the pandemic and even after the pandemic. The inflation they are experiencing is not even due to the Russia-Ukraine war or because of Covid. Because the inflation they experienced had indeed occurred long before the global economic crisis occurred. I don't know which country you are in but I hope you are not from the country I mean.

The most appropriate way to maintain our financial condition so that it remains stable while inflation is still occurring is to increase the amount of our income by increasing our working hours such as by looking for a side job and after that we can start getting used to living simply by saving as much as possible as we can.

[Ultegra134]

All commodities increase in price during periods of inflation but will be uneven, chicken can rise above 4€/kg, but other foods demand less so prices will increase less. So you cannot say that the inflation figure is incorrect. Prices will depend on supply and demand, for items that are not in high demand, prices will hardly increase.
But you are right, prices will hardly change even if inflation falls, but this can be caused by traders deliberately manipulating prices and governments being too negligent in stabilizing market prices. And the salary increase needs to be considered to balance everything, if the Government rushes to increase wages, they will face many difficulties in controlling inflation.

That's how inflation works in theory; in practice, I haven't seen what you're claiming. Supposedly, inflation is the average percentage movement of a specific list of goods, but in reality, I haven't seen any goods decrease in price. Everything has gone through the roof, so your statement is invalid. All goods have increased in price; I haven't seen a single item being cheaper than it used to be. It's a complicated matter; it isn't that simple to increase wages. The main issue is that after prices increase, even after the condition is settled, they'll never return to where they were. This, in my opinion, is pure speculation that goes without any monitoring.

In my country, the price of gasoline has dropped to almost pre-war levels, leading to a drop in prices for many commodities. I remember correctly, not too long ago there was a topic about the lack of onions and eggs causing the prices of these two items to soar that many people could not afford to buy them. But meanwhile, onions and eggs in my country are still cheap foods that anyone can afford. Not to mention electronics in my country are cheaper than ever because demand is slowing down, and they need to lower prices to stimulate demand... and many things are changing.

You are right, we will never return to the original position but in terms of macro factors such as increasing population causing increased demand, impacts caused by nature… there are too many problems, and it is difficult to solve them all. So over time, things will get worse, and instead we should find ways to adapt rather than blame and complain.

We've only seen a minor decrease in gasoline prices, which is unacceptable because crude oil has seen a major reduction in prices, while the currency exchange rate of EUR/USD has also improved. Normally, we should have seen a minor decrease in goods prices, but that never happened and probably never will. The situation has gone out of control, but the Greek population decided that it's best to elect the same prime minister and government again. I don't disagree that we need to adapt to the rapidly changing conditions, but there should be some kind of control from the governments; it has gotten so out of hand that the average household can barely survive.

[Cryptmuster]

Those which have an excess of cash each month can easily find ways to protect themselves and their wealth from inflation, however what happens to all the people out there which are unable to do this due to a lack of savings? Those people are in serious trouble as inflation affects them too and they have no way to protect themselves.

Now it could be argued they could buy items which are not going through such a high inflation, but this is only a temporary measure as sooner or later whatever articles they are using as substitute goods are bound to increase in price on the future too, eventually leaving them with no cheaper alternative products to purchase.

How many goods can you buy, and for what purpose will you buy them in order to eventually sell and thus protect your funds from inflation? In fact, this is not a very easy way, since you will need to store these goods somewhere, then you will need to take care of selling them, and this can all cause certain difficulties. Commodities must be highly liquid and it is not easy to find such commodities.

[posi]

snip~

. I don't disagree that we need to adapt to the rapidly changing conditions, but there should be some kind of control from the governments; it has gotten so out of hand that the average household can barely survive.

You need to accept what is happening and adapt to it. If not, do you have any solution for that? Are you sure that when your country has another government, they will make your life better, and why should you rely on them? It sounds like you're trying to blame everything because you're having a bad life right now, and it's not your fault. Although inflation is still there and will never disappear, why do so many people have more stable lives than we do? Is it their fault or ours or the government's?

[awik p]

snip~

. I don't disagree that we need to adapt to the rapidly changing conditions, but there should be some kind of control from the governments; it has gotten so out of hand that the average household can barely survive.

You need to accept what is happening and adapt to it. If not, do you have any solution for that? Are you sure that when your country has another government, they will make your life better, and why should you rely on them? It sounds like you're trying to blame everything because you're having a bad life right now, and it's not your fault. Although inflation is still there and will never disappear, why do so many people have more stable lives than we do? Is it their fault or ours or the government's?

we must be more enthusiastic to beat inflation so that our economy is getting better. indeed a time like this is a difficult time, especially for ordinary employees, where we have to rack our brains to survive. therefore we must be able to use finances wisely, so that the inflation that occurs does not seem to have a bad impact on us. on the other hand we must be able to increase our source of income, don't just rely on us working, where at any time there is a threat of termination of employment, given the increasingly fierce competition in the business world

[boyptc]

snip~

. I don't disagree that we need to adapt to the rapidly changing conditions, but there should be some kind of control from the governments; it has gotten so out of hand that the average household can barely survive.

You need to accept what is happening and adapt to it. If not, do you have any solution for that? Are you sure that when your country has another government, they will make your life better, and why should you rely on them? It sounds like you're trying to blame everything because you're having a bad life right now, and it's not your fault. Although inflation is still there and will never disappear, why do so many people have more stable lives than we do? Is it their fault or ours or the government's?

Sad but I have to agree.

Even if these governments are too concerned with the rising inflation for each of them, they can't even control it and how much more we as citizens. We have nothing to do to stop or delay it.

We hold our own steering wheels of our lives and whether the government is obliged or not, we only have control to ourselves and what we're doing.

[Ultegra134]

snip~

. I don't disagree that we need to adapt to the rapidly changing conditions, but there should be some kind of control from the governments; it has gotten so out of hand that the average household can barely survive.

You need to accept what is happening and adapt to it. If not, do you have any solution for that? Are you sure that when your country has another government, they will make your life better, and why should you rely on them? It sounds like you're trying to blame everything because you're having a bad life right now, and it's not your fault. Although inflation is still there and will never disappear, why do so many people have more stable lives than we do? Is it their fault or ours or the government's?

To me, that's an awful way of thinking. Personally, I'm quite fine financially and can survive the burden of the increased cost of living; not everyone can, though. You cannot leave the market unmonitored and in the hands of large corporations that are speculating on the average consumer. I'm not blaming it on others, but governments are accountable for this situation, not the average household that barely makes ends meet. Not everyone is capable of having an academic education or the expertise in the latest technological fields that may provide them with better job opportunities. There needs to be some control over inflation and increasing prices; the market cannot readjust itself.

[Huppercase]

Under normal circumstances, savings can never be greater than inflation rate. If you want to beat inflation, then you need to make investment rather than saving. Here in India, term deposits usually give interest ranging from 5.15% to 5.50% per year (depending on the bank). Inflation rate at present is around 5% to 6%. But there is a catch. Interest from term deposits will be considered as your income and you need to pay income tax on this interest. So effectively you may receive somewhere around 3.55% per year from term deposits.

This is serious, government will tax anything as long it's connected to money, why tax individual who deposit to avoid inflation only to be paying tax for something that wasn't worth it, I will never save money to banks, that's modern slavery. I will prefer to say Bank is a curse and they are big time scam since inception, putting money inside their vault is like giving them your money for them to survive the heat of the government inflation policy that will come back to hunt because the government will take from you as tax while food price will have appreciated, no way a common man will ever enjoy a country in peace. Bitcoin beat any form of currency and if your country happen to have no status for Bitcoin, you will enjoy free tax in your investment, will prefer the no status to even avoid given back to the slave master government. 

[EarnOnVictor]

Inflations never been on the board from an onset. Still the governments that opposes the welfare of the masses that implemented and introduced this same bad hard times upon the masses all to feed fatter on the public funds.

You should have elaborated on this and perhaps introduce your country so that people can know the direct answer to your lamentation. This largely depends on countries and I will like you to know that inflation could be policy-induced or just crept in without any change in policy. The latter could be a chain reaction of an internal or global flow chain which you can't blame anyone.

Yet, a responsible government would introduce measures to counter it on time.

[BitHeir]

The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought  has charged Prince without any reason.
How are you guys pulling it through with this inflation?

Inflation from fiat currencies is bad and it happens in all nations, just more or less, inflationary or hyper inflationary.

You got problems with your savings because you chose wrong assets for your savings. If you picked a fiat currency for your savings, your saving interest annually can not cover the inflation rate annually in your nation.

If you look at alternatives like Gold or Bitcoin, you will have less problems from fiat inflation.

[armanda90]

Inflation occurs slowly and many people don't realize that their savings are decreasing from year to year even though the nominal amount saved is still the same. Its seems problem faced by many people around the world keep trust their saving fund in the bank although have lower values due inflation. Right decision when saving fund in investment kinds between property, gold or invest in Bitcoin how to keep lower values at the future because get inflation. All national currency will face inflation and not guarantee when saving money in the bank for longer time get the same values what we can buy.

But less solution with protecting our money or saving fund in fiat from inflation, have to adjust when saving fiat in the bank take risk with inflation later although two years saving fund only.

[Jatiluhung]

Inflation occurs slowly and many people don't realize that their savings are decreasing from year to year even though the nominal amount saved is still the same. Its seems problem faced by many people around the world keep trust their saving fund in the bank although have lower values due inflation. Right decision when saving fund in investment kinds between property, gold or invest in Bitcoin how to keep lower values at the future because get inflation. All national currency will face inflation and not guarantee when saving money in the bank for longer time get the same values what we can buy.

But less solution with protecting our money or saving fund in fiat from inflation, have to adjust when saving fiat in the bank take risk with inflation later although two years saving fund only.

It is true that inflation actually happened slowly. Even without us realizing it, inflation continues from year to year even though there is no pandemic or global economic crisis. We may not be too aware that inflation really has an impact on our savings in the bank if we only save money within 1 to 2 years. But if we keep our money in fiat for too long in the bank then we will start to realize when we will spend the money on things we need in the next few years. If 2 dollars is enough to buy 2 cakes in the current year then maybe in the next 3 years 2 dollars will only be enough to buy 1 cake. that's when we'll realize that depreciation in the value of money actually goes quite fast. even 50 percent in a few years in some countries.

[posi]

snip~

. I don't disagree that we need to adapt to the rapidly changing conditions, but there should be some kind of control from the governments; it has gotten so out of hand that the average household can barely survive.

You need to accept what is happening and adapt to it. If not, do you have any solution for that? Are you sure that when your country has another government, they will make your life better, and why should you rely on them? It sounds like you're trying to blame everything because you're having a bad life right now, and it's not your fault. Although inflation is still there and will never disappear, why do so many people have more stable lives than we do? Is it their fault or ours or the government's?

To me, that's an awful way of thinking. Personally, I'm quite fine financially and can survive the burden of the increased cost of living; not everyone can, though. You cannot leave the market unmonitored and in the hands of large corporations that are speculating on the average consumer. I'm not blaming it on others, but governments are accountable for this situation, not the average household that barely makes ends meet. Not everyone is capable of having an academic education or the expertise in the latest technological fields that may provide them with better job opportunities. There needs to be some control over inflation and increasing prices; the market cannot readjust itself.

I understand what you're saying, and I can't deny that the government has a part to play in increasing inflation and people's lives. But I still repeat the old question to you, do you have any solution, what can you do to make the government listen to you and do what you say? Or do you just talk and talk and can't do anything more?

Everyone knows and requires the government to quickly find a way to solve inflation, but so far they have not been able to improve the inflation situation, and what will we do next?

I know that not everyone has a decent education, a job with a salary enough to cover their lives, many people are living in very miserable circumstances. But apart from saving themselves, they can't ask or force the government to save them, if they could, things wouldn't be as bad as they are now.

[savetheFORUM]

You need to accept what is happening and adapt to it. If not, do you have any solution for that? Are you sure that when your country has another government, they will make your life better, and why should you rely on them? It sounds like you're trying to blame everything because you're having a bad life right now, and it's not your fault. Although inflation is still there and will never disappear, why do so many people have more stable lives than we do? Is it their fault or ours or the government's?

Sad but I have to agree.

Even if these governments are too concerned with the rising inflation for each of them, they can't even control it and how much more we as citizens. We have nothing to do to stop or delay it.

We hold our own steering wheels of our lives and whether the government is obliged or not, we only have control to ourselves and what we're doing.

All these governments care about are themselves and their own pockets, they don't give a shit about their citizens, their rights, and whether they are having problems due to the increasing inflation, the lower classes are suffering from food crisis because they can't afford to pay that much for getting the normal things because they don't earn even a minimum wage, they work as labors and get a very small amount at the end of the day that they can't even use to get groceries for their home.

In these difficult times, all the authorities and governments do is give hope to the poor that things will be alright as time passes, a lot of people die only because of hunger in different countries, why? Because they don't have any money to buy food and even if they have some, that isn't enough for them to feed their families for a whole month.

[BitcoinTurk]

It is understandable not to have any savings due to health problems, health comes before everything else and as long as you are capable of paying for your medical bills, that alone is good enough and I wish you a speed recovery to your full health. Do not aim at saving some money when you are facing these troubles, that would only give you more stress, if you are incapable of saving money but capable of saving yourself, that is a much better thing and you should do that if possible.

Of course the situation is that we are talking about something that is a bit challenging, and that's why it's going to take a bit of time and we are not going to end up with a situation where it's going to be easy. So take that with grain of salt. You could have troubles, but ignore the responsibilities for now, only focus on health.

The reason why I don't have any savings due to health problems is because I have to spend almost all my savings on my health problems. Health comes first of course and for this reason I spent all my savings in the process I mentioned to improve this health problem. Do I regret it? Of course not because my state of health has almost reached the level it was before this period and now I feel much better.

Saving, of course, causes intense stress but in this world where we don't know what we will experience the next day in case of possible health problems and similar needs, it is also very important to focus and determine a roadmap for ourselves in order to be able to spend comfortably.

Of course, my main focus of attention in the last few months has been my health but it is also very important to save money in order to ensure my future and to avoid financial difficulties in the next possible health problem. I'm trying to determine a roadmap how I can save money without stress.

[Texac]

Inflation occurs slowly and many people don't realize that their savings are decreasing from year to year even though the nominal amount saved is still the same. Its seems problem faced by many people around the world keep trust their saving fund in the bank although have lower values due inflation. Right decision when saving fund in investment kinds between property, gold or invest in Bitcoin how to keep lower values at the future because get inflation. All national currency will face inflation and not guarantee when saving money in the bank for longer time get the same values what we can buy.

But less solution with protecting our money or saving fund in fiat from inflation, have to adjust when saving fiat in the bank take risk with inflation later although two years saving fund only.

But no matter what, you should always have a small savings for emergencies.  you cannot use all your money to invest in assets like gold, real estate, or bitcoin because we do not always guarantee the value of our assets when investing in them, all of them are volatile and very easy to depreciate at a given time. Investing in deflationary assets is one way to fight inflation, but it's not without risk.

[dunfida]

Inflation occurs slowly and many people don't realize that their savings are decreasing from year to year even though the nominal amount saved is still the same. Its seems problem faced by many people around the world keep trust their saving fund in the bank although have lower values due inflation. Right decision when saving fund in investment kinds between property, gold or invest in Bitcoin how to keep lower values at the future because get inflation. All national currency will face inflation and not guarantee when saving money in the bank for longer time get the same values what we can buy.

But less solution with protecting our money or saving fund in fiat from inflation, have to adjust when saving fiat in the bank take risk with inflation later although two years saving fund only.

But no matter what, you should always have a small savings for emergencies.  you cannot use all your money to invest in assets like gold, real estate, or bitcoin because we do not always guarantee the value of our assets when investing in them, all of them are volatile and very easy to depreciate at a given time. Investing in deflationary assets is one way to fight inflation, but it's not without risk.

Its always been that recommendable that you should really be setting aside for emergency funds because just like you do said that even if we do have investment, it doesnt really assure out that profitability. WHat if you do need up money on that particular time and you do see your investment are still on negative or something those amounts are been locked? Then what would you do? You would definitely be ending up on taking up some loan
because you dont have funds for you to make use specially when there are sudden emergencies or on the time that you do need money. Inflation? Its not something unavoidable and this is why if you do find out yourself that you are highly been affected with inflation then always be wise on expanding your business and other source of income because on this way you would really be able to avoid such condition on being affected much.
You could always be able to sustain if you do have lots of source and dont forget that always having that back up or emergency funds.

[Betwrong]

I Think it will be better for those who don't have enough income to enter into dual jobs at a same time so if one salary is not enough then other salary will easily manage one's needs. Getting job is also not easy so try to settle some business in such area where there will not such business present before so it will gives greater profit.

Perhaps, it was the time that we need to look for something that we can earn money in a legal way.  Our expenses are growing and it was hard if our income is still the same. We need to be smart now and work hard or else, we might fall into huge debt. We can do a side hustle to maximize our time and skills, there are a lot of opportunities around us and they are waiting for us. It is just a need for us to push ourselves, we can't be lazy this time as the situation is getting harder and harder.

Those are good words, mate. Indeed, if the purchasing power of your local currency declines, then you have to make more money. Your salary may be increased, like it happens in normal countries, or, if it's not the case in your country, you have to find an additional source of income. It's hard to work on two jobs, no doubt about that, but that's what we should do in times like this.

[xSkylarx]

I Think it will be better for those who don't have enough income to enter into dual jobs at a same time so if one salary is not enough then other salary will easily manage one's needs. Getting job is also not easy so try to settle some business in such area where there will not such business present before so it will gives greater profit.

Perhaps, it was the time that we need to look for something that we can earn money in a legal way.  Our expenses are growing and it was hard if our income is still the same. We need to be smart now and work hard or else, we might fall into huge debt. We can do a side hustle to maximize our time and skills, there are a lot of opportunities around us and they are waiting for us. It is just a need for us to push ourselves, we can't be lazy this time as the situation is getting harder and harder.

Those are good words, mate. Indeed, if the purchasing power of your local currency declines, then you have to make more money. Your salary may be increased, like it happens in normal countries, or, if it's not the case in your country, you have to find an additional source of income. It's hard to work on two jobs, no doubt about that, but that's what we should do in times like this.

I just remembered before that only few people or not really known to have 2 jobs at a time but right now most of the people I've known do this or having side hustle because they knew that their salary is not enough and also if they don't do it they don't have enough money. It is really a sacrifice, but it is still for our own good and for our family, so it is better to make this sacrifice than not do anything.