settle immediately, high interest charges erode long-term finances if not paid off immediately
Negotiate for a loan extension with lower interest rates, this can save us a lot of money, while saving for an emergency fund
Inflation is a scary figure that can erode financial niali, but with the right strategy we can protect the value of money and become kestasbilan with some steps that have been bashas above, keep in mind that inflation is an economic sklus with careful planning and discipline in managing finances we can deal with it calmly
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English: Inflation is a continuous increase in goods and services that cause the value of the currency to decline, it is feared by many people in all corners of the world, this currency decline is very disadvantageous for many parties, especially for me as a writer because it can menrurkna the value of my wealth, reduce savings niali also reduce the quality of life, we suppose that in 1999 the oil brand “A” beraga Rp 5000 but over time with an increase in the average rate of inflation sebsar 6% in 2024 the price of oil “A” rose by 22,747, if we only saving money in savings is certain we dig our own graves, the more years the value of our money is declining, it is important for us to anticipate the decline in the value of the following currency we discuss steps to keep the value of the currency remains stable
Spending Evaluation
the first step in overcoming inflation by reviewing spending we need to cut spending to be more efficient, we need to do a clear understanding of what our money is spent on, here are some steps that can be done
look back penglaurana we note the monthly basic needs such as food, transportation and expenditure for desires that are not the essence, this way we beisa know which budget can be reduced or dihilnagkan
Take advantage of discounts and promotions take advantage of Discos, promotions or price cut programs from several stores or other providers, monitor social media that offer discounts and compare prices from several sources to find the best offer
Switching to other similar brands, we can switch to similar generic products that have quality that is almost equivalent to well-known brands, but at a cheaper price, without having to sacrifice quality
Maximize Your Income
in addition to minimizing our expenditure, we need to increase income in several ways such as
looking for additional income from side jobs, tekuni hobby and point to shutter the business, so that our spare time is well spent, we can also become an online motorcycle taxi driver as well as travel pulnag from the office, to cover the rising cost of living
Salary negotiation, if the contribution to the work is comparable to what is received consider a salary increase, give a strong reason that speaks to inflation and job performance that supports the request
Beirnvest Carefully
investment is one of the best alternatives to protect the value of Ungan from inflation but it needs a strategy that is really mature profitable
Investment portfolio diversification, for investment funds so that they are not only in one instrument, like a proverb do not store eggs in one container because if one container is affected by a disaster, it will break all for investment to manage risk remain stable when one instrument falls then we still have other investment instruments, by reducing risk and increasing profit opportunities
Evaluation of investments in accordance with the development of inflation
consider investment instruments that pay higher interest than inflation such as government bonds, dividing some of the funds can help protect wealth from depreciation due to inflation
Gold as a hedging asset
gold is known to have a stable value and is often used as a hedge against scouring inflation, with many alternatives serpti buy EMSA bagangan or buy gold in the form of stocks and other gold products
Proper real Estate investment remains the prima donna of mas kemasa, because property prices tend to rise over time, we can rent out the property we have, of course with a mature strategy
Manage debt carefully
during inflation the interest burden on loans increases because bank debt is one way for banks to make a profit, it is important to have a good debt management strategy
Pay off high-interest debt, high-interest must be in