Money will turn into candy wrappers? What to do with savings right now

Experts told how Ukrainians should deal with their savings right now

Ukrainians may be covered by a powerful financial storm / Photo: Getty Images, Collage: Today

Ukrainians can be hit by two crises at once – the post-war and the global one, so it is better to reconsider the approach to your spending.

About how to do it right, “Today” told the experts.

So, according to them, now it is better to spend money on durable goods and save on daily expenses.

“We live in a galloping inflation, the levels of which are from 10% to 50% per year. This type is characterized by the rapid depreciation of the hryvnia, so it is more profitable for ordinary Ukrainians not to save, but to spend money on everything from cars and refrigerators to shorts and food Everything is extremely simple: there is a shortage of goods, and inflation is accelerating,” says Oleksandr Goncharov, director of the Institute for Economic Development of Ukraine.

Goncharov advises to find the “Cookbook of a Thrifty Housewife” and learn how to spend less on food.

And Maksim Oryshchak, an analyst at the Center for Exchange Technologies, believes that the only thing Ukrainians can do for themselves is save money as much as possible for living and subsistence in future years.

“The recession, the fall of the economy, the fall of the banking sector and the national currency, the energy crisis and the potential impossibility of resolving it are factors that give an understanding that there will be less work, crime in the country will grow, the sufficiency of food for the population will be in question,” explains Oryshchak.

How to store money?

The expert notes that the problem with the savings of Ukrainians complicates everything. After all, more than 50% of people in our country do not have official savings.

And what is “under the pillow” in dollars or hryvnia will end very soon if prices start to rise rapidly.

Therefore, the analyst advises part of the cash savings “convert” into essential goods.

Alexey Goncharov gave advice: if possible, keep part of the funds in foreign currency, for example, in US dollars and euros, and also put pressure on someone who owes you some money, because in a few months he may be left with nothing.

Segodnya wrote why prices in stores can skyrocket in Ukraine and what cannot be done immediately after purchase.

Source: Segodnya

Share this article:

Leave a Reply

most popular