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Regular savings account offers interest 5-6 percent below even paper inflation. How is this advice on-topic, when OP is asking how to AVOID EXACTLY THIS??
by luciusdomitius 5y ago
Regular savings account offers interest 5-6 percent below even paper inflation. How is this advice on-topic, when OP is asking how to AVOID EXACTLY THIS??
- unmole 5y agoThe advice is perfectly on topic because OP's fundamental premise is wrong.
- deleted 5y ago[deleted]
- 2000UltraDeluxe 5y agoThe thing is that you can't protect your emergency funds against inflation. The point of emergency funds is that you have them readily available -- not to invest them. If inflation eats your emergency fund then you increase the size of your emergency fund to compensate for it. It's kinda like paying for IT security; with luck it'll just be a cost that you never see any benefit from. If not, you'll be glad you have them.