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Don’t Lose Money: Why A Standard Savings Account Loses Money to Inflation
Keeping your money in the bank is safe. The bank won’t lose your money, so it will always be there! While the bank technically won't lose your money, the old wisdom is dead wrong . Let me explain why a standard savings account loses money to inflation every single year. In my previous post , I talked about how inflation drains your financial bucket roughly 3% per year. That number may seem trivial until you actually see how it affects your finances. If you haven’t done so

Gin
Jul 25, 20258 min read
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