In times of inflation, saving becomes very challenging because the value of money decreases and you will have to spend more money to buy things. If $1000 helped you to pay your bills before inflation hit, you will not be able to pay your bills with the same amount after inflation.
Instead of saving money, you should focus on investment. Inflation negatively impacts the market, thus causing prices to fall. The price falls because there is a lack of interest from investors. Therefore, you might be able to invest in assets that you would never be able to invest in during normal times.
During inflation, you need to reduce your expenses drastically, so consider resizing your life to align with your reduced spending capacity. You can use your surplus money to invest.
Instead of saving money, you should focus on investment. Inflation negatively impacts the market, thus causing prices to fall. The price falls because there is a lack of interest from investors. Therefore, you might be able to invest in assets that you would never be able to invest in during normal times.
During inflation, you need to reduce your expenses drastically, so consider resizing your life to align with your reduced spending capacity. You can use your surplus money to invest.