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Nairaland Forum / Nairaland / General / Investment / How Do You Shield Your Savings Away From Excessive Naira Devaluation (601 Views)
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How Do You Shield Your Savings Away From Excessive Naira Devaluation by ithink7: 4:20pm On Sep 11, 2021 |
Guys, with the way naira keep loosing value everyday, how do you protect your savings and emergency funds from the excessive loss of value. It's very disheartening when you keep your money in the bank watching it lose value instead of gaining value. Please share tips and tricks that works and you can easily convert your savings to cash when you need it. |
Re: How Do You Shield Your Savings Away From Excessive Naira Devaluation by ThinkDigitally1: 4:23pm On Sep 11, 2021 |
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Re: How Do You Shield Your Savings Away From Excessive Naira Devaluation by JimmyDarmody: 4:24pm On Sep 11, 2021 |
I can't save a dime in this economy |
Re: How Do You Shield Your Savings Away From Excessive Naira Devaluation by Gbongwon1(m): 4:41pm On Sep 11, 2021 |
Simple answer; never leave all your money in naira. $1000 saved 3months ago is no longer $1000 today. Disclaimer: you're hereby advised not the read or click on my signature intentionally |
Re: How Do You Shield Your Savings Away From Excessive Naira Devaluation by ithink7: 9:36am On Sep 12, 2021 |
JimmyDarmody: It requires a lot of discipline. Cut down my spendings, only buy the things I need, no phone upgrade, no eating outside, etc. 3 Likes |
Re: How Do You Shield Your Savings Away From Excessive Naira Devaluation by JimmyDarmody: 10:36am On Sep 12, 2021 |
ithink7:It requires super human strength. 1 Like |
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