{"id":325628,"date":"2022-11-23T09:25:48","date_gmt":"2022-11-23T07:25:48","guid":{"rendered":"https:\/\/investinslovakia.eu\/?p=325628"},"modified":"2022-11-23T09:26:07","modified_gmt":"2022-11-23T07:26:07","slug":"zivot-s-inflaciou-ako-sa-s-nou-vyrovnat","status":"publish","type":"post","link":"https:\/\/wordpress.investinslovakia.eu\/en\/zivot-s-inflaciou-ako-sa-s-nou-vyrovnat\/","title":{"rendered":"Living with inflation: How to cope with it?"},"content":{"rendered":"
Higher prices for food, energy and other current expenses are causing financial problems for many households. Many are wondering how to effectively fight inflation and save at least a few euros a month. The good news is that there are several ways to do this.<\/strong><\/p>\n\n\n\n Every household should have Definitely<\/strong> Financial<\/strong> reserve<\/strong>that will save her in difficult times. The size of the financial reserve depends on the needs of the family itself. Most experts recommend putting aside 10 % of the total monthly household income.<\/p>\n\n\n\n However, saving in times of inflation may not be so advantageous as money loses its value. That's why it's a good idea to think about, if you don't invest some of it<\/strong>to earn you something or at least make up for the losses. Nowadays, you can invest in a variety of financial instruments and commodities, such as precious metals, shares, funds or real estate.<\/p>\n\n\n\n Borrowing at a time of rising prices may not be so convenient<\/strong>. Banks are increasing interest rates, which reach their maximum for longer fixations. Buying a property or anything else must therefore be well thought out. Consider waiting a while before buying.<\/p>\n\n\n\n But if you have a stable income and urgently need a new home or car, make sure you reduce the risks associated with the loan. Calculate how much your budget can bear and choose a fixing period that is long enough. This will protect you from the possibility that an increase will worsen your economic situation. Interest rates are currently rising all the time.<\/p>\n\n\n\n ... in September 2022, mortgages reached with 10-year fixation up to 4.3 %<\/strong>? However, this figure is far from final and will increase as inflation rises. So if you're thinking of taking out a loan, arrange it as soon as possible and fix it for as long as possible.<\/p>\n\n\n\n Another effective solution to fight inflation is increase<\/strong> salary<\/strong>. Some employers increase pay automatically when inflation occurs. If you have a clause in your employment contract about the possibility of a pay rise, meet with your manager and try to find a common solution.<\/p>\n\n\n\n Negotiating a pay rise may not be pleasant. However, it is definitely worth a try<\/strong>.<\/p>\n\n\n\nIs it worth saving?<\/h2>\n\n\n\n
<\/a>Borrowing and inflation: a big risk?<\/h2>\n\n\n\n
<\/a>Did you know that ...<\/h3>\n\n\n\n
<\/a>Try negotiating a pay rise<\/h2>\n\n\n\n