3 Urgent Tips On What To Do With Money

1. STOP BUYING CURRENCY

The dollar and the euro (not to mention the pound) have already skyrocketed. This is what happens in any crisis. It is especially strange to change and buy currency in a bank, where the exchange rate is obviously unfavorable. If you are adamant and still want to buy a currency, it is best to do this in brokerage applications. But only if you are planning a trip abroad or are going to invest in foreign assets. If there is no such urgency, and you have not decided on your future, try to calm down and reschedule the currency exchange for a quieter time. Watching and planning will help you navigate when the storm passes.

2. DO NOT BUY HOUSEHOLD APPLIANCES UNNEEDED

In moments of panic, it seems that you need to take everything indiscriminately, because tomorrow the price tag will increase tenfold. In fact, if you pay attention, this household segment has already noticeably risen in price in recent days – by 20%, or even 30%. Therefore, if there is no objective urgency (for example, due to a breakdown of the washing machine) in this decision, then it is better to refrain from such a “panic” purchase. Right now, it’s better to have money than useless things.

3. STUDY THE INVESTMENT MARKET

Now is the riskiest time to invest if you have never done this before and do not quite understand how it all works. But if you have been eyeing this option for a long time, start learning, later this knowledge will definitely come in handy for you. Moreover, in no case do not invest on the last money! Waiting is the best strategy right now, even if it is very difficult to do nothing.