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One way to save money from inflation is to invest in assets that tend to increase in value in relation to inflation, such as stocks, real estate, or commodities. Another strategy is to save money in accounts that offer high interest rates, such as high-yield savings accounts or certificates of deposit. Additionally, cutting expenses and creating a budget can also help to save money and mitigate the effects of inflation.
The effects of inflation are often not directly felt but are played out over a long time, especially long-term investments are vulnerable to inflation.
At Horizon65, we created a mobile app that enabled you to check the effect of inflation on your savings.
Download our app and start gaining insight into your current and future finances.
Horizon65 for iPhone
Horizon65 for Android