Timothy Sumer

If you plan on keeping your money in the bank or saving it, you should be aware of how inflation affects savings. Here are 15 tips to protect your money from inflation. What is inflation? The term “inflation” refers to a rise in prices, which over time results in a loss of purchasing power. The average price increase of a basket of chosen goods and services over time can be used to determine the rate at which buying power is decreasing. A unit of money now effectively has less purchasing power than it had in earlier periods due to the increase in prices, which is frequently stated as a percentage. Deflation, on the other hand, is characterised by a drop in prices and a rise in purchasing power. 15 Tips To Protect Your Money From Inflation Read The Complete Blog: Please Support🙏My Channel By Helping Me Reach 1,000 Subscribers So I Can Monetize My Content. Thank You❤️... ( read more ) HOW TO: Hedge Against Inflation REVEALED: Best Investment During Inflat