It is Critical to beat inflation. How to beat it?

[wealthyhead]

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Inflation is a rise in the general level of prices of goods and services in an economy over a period of time.When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation is also a decline in the real value of money—a loss of purchasing power.

How do we beat inflation?

I know there are a few number of ways, share your ideas.

[Rafalga]

- Do business
- Invest in value retaining or appreciating assets
- Use leverage efficiently

[miyay]

^all of the above

[jabez_rmc]

buy pinoy made products...tangkilikin ang sariling atin

[wealthyhead]

put long-term savings in a good mutual fund --> definitely beats inflation

[smartkid]

manufacture goods for own comsumption

[edoy]

inflation is unstoppable, it's the effect of the law of supply and demand....

[Anydowro]

be wise... be more financially literate

[terces]

As inflation increases and money appears to become tighter every month, how is it possible to save money and avoid financial crisis?


There are ways in which you can cope with the current financial crisis, but unless you know about them, it can be easy to feel like there is no help in sight. Here you will find out everything that you can do to set aside some extra cash at the end of the month. This will hopefully help you to avoid financial meltdown!

Ways to Save Money and Get Extra Cash at the End of the Month
It may seem impossible but you can beat inflation! Here you will find four handy tips to help you along the way.


1. First, a tip to help you save money if you drive is to eliminate all junk that is currently in your car. If you are carrying around a lot of heavy junk in the boot of your car then it will cause you to lose more fuel. The heavier the car, the more fuel it uses so by dumping any junk it lightens the load and therefore costs you less money.

[terces]

2. One of the main ways in which most of us tend to overspend is at our local supermarket. The most effective money saving idea you can use on your weekly or monthly shop is to switch brands. If you currently use only top branded goods then make a switch to home brands. These are basically your supermarket's own labels and they tend to be sold much cheaper than other well-known brands. It could save you a small fortune each year if you switch brands so why not try it the next time that you go shopping.