High Inflation – How to Protect Money and Wealth?
Inflation devalues money. Its purchasing power declines as prices rise. Keeping money in bank accounts or cash yields a painful loss. What should we do with it? Is it better to spend it all now? No. Only long-term investing will protect your wealth. The prepared ones are not surprised today. Take a simple step to prevent future price rises from catching you by surprise, beating inflation.
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Student Budget – How to Set It Correctly?
Inflation also burdens students this year. The annual rate rose to 11.8% in April 2022, becoming Slovakia’s highest inflation rate in 17 years. Prices of food, petrol, utilities, and accommodation have risen, potentially troubling students in particular, as many of them already have a limited budget for regular expenses.
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Inflation Is not Turning. How to Surf Its Wave Successfully?
After years of near-zero inflation, the prices of rent, fuel, chicken breasts, and antiperspirants are rising sharply. Some blame the state, while others consider transferring wealth to commodities. We are happy to introduce a series of blogs that will explain the origins of this situation and how to arrange for your budget to withstand it.
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What is investing and what does it stand for?
Unless a person is self-taught, is interested in or studies investing, they have no way of knowing what investing stands for and how to invest properly. Finax brings you a basic overview of what investing is and explains why should it be part of everyone's life.
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How to find money for investing?
In Finax, we believe that investing should be taken for granted. However, people often try to persuade us that even though they have investing in mind, there are simply no funds in their budget for it. So far, no one has managed to convince us that this was actually the case. Whether you earn thousands of euros per month or the minimum wage, there are always available funds in your budget for investing. You disagree? Read on, you may be pleasantly surprised.
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