where should i dump my liquid savings to keep up once inflation hits? (i need it liquid seeing i don’t qualify for unemployment)
let me know if you get an answer, I need to know too.
let me know if you get an answer, I need to know too.
It depends on how much savings you have. I don't have a lot left because we just bought a house. I plan to spend the majority of what's left to stock up on necessities. I'm buying a couple of extra freezers to stock up on food while it's still cheep (plus plenty of canned and dry goods, of course). I don't know if gasoline is something that's allowed to be stocked up on, but if it's allowed, I intend to do so. Medicine, internet, whatever you can't live without. Buy as much up front as possible, including good bartering stuff, cigarettes, booze, ammo and whatnot. That's my plan, at least. Then I can pay down my house with my future worthless dollars as much as possible. I figure it like this --- imagine inflation is so bad that the price of a loaf of bread is 175K. I could either pay off my mortgage or buy a loaf of bread for the same amount of money. I'm exaggerating to make my point of course, but you get my drift.