Do you want to take care of your pocket in times of high inflation? Although inflation at this time gave a slight breather, since according to the National Institute of Statistics and Geography (Inegi)the rate of inflation general Mexican fell in the first half of December to 7.77% annual; It is necessary to take into account strategies to take care of our personal finances.
Everyone’s pocket is impacted by the increase in the cost of products and services, beyond the macroeconomic conflict. Therefore, on this occasion we bring you some tips that can be of great help to maintain healthy and stable finances in the face of any type of crisis.
That said, there are instruments that are a good alternative in financial terms and that can protect us from both inflation and other economic problems.
How to protect my money from inflation?
- Invest: A good way to take care of our money is to opt for low-risk investments. This is because resources become assets that generate earnings over time. Among the low-risk investment alternatives are the cetes.
- Save: You can open a savings account that gives you returns. There are also informal savings methods that can help, but they do not give you returns. However, you can count on a savings base and this will be a good decision in the face of any crisis, whether inflationary or not.
- make a budget: Take control of your personal finances. Be clear about all your income and expenses, as it is a great strategy to combat times of high inflation. Sometimes it can happen that money ends up escaping from your hands when making unnecessary purchases. If you allocate spending percentages to meet basic needs and refrain from spending on a whim, inflation will have less of an impact on your finances.
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