YES, that’s a sad reality. Unfortunately, our money looses its value overtime because of INFLATION! This happens every year and the average inflation rate in the Philippines is around 3% to 4% per month. Imagine if you put your money in a savings account and your bank is giving you around 1% (reality is most are even lesser than that!) then you loose around 2% to 3% of money value.
Imagine before, around 8-10 years ago how many items of food and groceries your 100 bucks can buy? Compare it to the buying power of your 100 bucks today and that’s exactly the effect of inflation.
That’s the main reason why everyone of us should learn INVESTING. This is one of the wisest ways to beat inflation!
Get to know more about the inflation concept from the infographic below (source: richpinoyhabits.com):
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