Inflation has taught me quite a lot. Especially the aspect of taking hold of opportunities. If I have the resources to get a particular item now I no longer hesitate, because that thing could be three times the price the next day. The only time it doesn't really bother me is when I do not really have the means or resources to get it. At that point I know I did not get it because I couldn't afford it and won't feel bad when the price increases. The prices of things are going so high that it would take a miracle for things to come to normal and thus a lot of people have given up hope on anything reducing in price. We are mostly looking for means to earn more in order to meet up with the current price.
One major backlash about this inflation is that it makes saving useless. Imagine saving for a car only to go purchase it and you discover it's way past the value. This is why I started buying mutual funds and saving with a piggy vest. This mood of saving offers a compilation of interest. Unlike the conventional savings method where you only have what you saved at the end of the month, this method gives me interest as much as 26%. Perhaps the price of goods may increase by more than 26%, that is the reason if I have to save for something in particular, I save with inflation in mind and thus increase the amount by another 50%.
If I compile the extra 26% interest I get from saving, I am looking at almost 100% of the initial amount. If at the end of the day I go for that purchase, I might be lucky to see it at the same price or be unlucky but still manage to get it at the inflated price. I have also learned the act of making deposits even when I do not have all the money and paying installmentally. This way even if things get inflated I can still get it at the initial amount because I have made a deposit and have a written agreement with the trader. Although this is not advisable all the time, but in getting things like gadgets, I usually use this method.
THIS IS MY RESPONSE TO SCIFI CONTEST PROMPT FOR WEEK 63 EDITION 1
