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How to Deal With Inflation
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[QUOTE="Mika, post: 255167, member: 29399"] These are certainly effective strategies to cope with inflation. When there is inflation, the price of everything will increase, including essentials like food, clothes, utility services, etc. When the price increase, your money cannot buy the same thing for the same price. In other words, you could buy a cup of coffee for one buck before the inflation, but now you will be paying $1.20 for the same cup (just an example). How do you deal with a situation like this? You either need to earn more to pay your bills or spend less so that your monthly bill does not exceed. For instance, if you were drinking 6 cups of coffee and spending $6 every day, with the current price of $1.20, you will have to drink just 5 cups of coffee so that your coffee bill remains constant. If you have saved money in the bank, it is time to withdraw your savings so that you can invest in stocks or bonds. [/QUOTE]
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