Do You Lose Money To Inflation In Your Emergency Fund?
You have an emergency fund. If something comes up suddenly, you can deal with that financially. Do you lose money to inflation in your emergency fund?
You are holding three to six months' worth of expenses in your emergency fund. Yes, you lose money in your emergency fund due to inflation. It is like insurance and it costs money. An emergency fund is there so that you can use that instantly. You can get a separate high-interest savings account. You can also have Stablecoins like HBD where you earn interest. It will minimize the effect of inflation.
Let's watch this video. Please feel free to leave your comment. Thank you for watching the video.
Source: 1, and 2.
Image Source: 1, 2, 3, 4, and 5.
About Me
Hi, I am Rezoanul Vibes. I'm a content creator and passionate learner. I write about lifestyle, finance, martial arts, and digital marketing. I'm glad to meet amazing people all over the world.
Follow me on Twitter
Watch my videos: 3Speak, DTube, Lbry, and YouTube.
▶️ 3Speak