One of the consequences of the economic crisis is the lack of confidence in the future due to rising prices of goods and services, as well as other factors. Financial advisor and strategist Olga Nadeina in an interview with RIAMO listed Ways to help you manage your finances, even in turbulent times.
He says that it is useful to find additional income to offset income losses due to rising prices or other unforeseen circumstances during a crisis. He also recommended investing in your education to improve your business skills and become a more in-demand professional.
“Moreover, increasing your value as a specialist is more beneficial for two reasons. The higher your qualifications or expertise, the more chances you have of increasing your salary in your current job. The expert noted that it is easier for a specialist in demand to find a new job if their old job is fired.
He also advised you not to ignore discounts and promotions in stores that will help you save money without losing your quality of life.
Senior analyst of the Management Company “Pervaya” Natalya Vashchelyuk previously statedIt is stated that the interest rate in Russia could rise from 16 percent to 18 percent, but the Central Bank of the Russian Federation is likely to discuss the feasibility of increasing the interest rate by more than 200 basis points.
According to the expert, the question of the level of interest rates may become the subject of heated discussions at the meeting of the Central Bank of the Russian Federation’s board of directors on July 26. According to him, “the rhetoric will be as harsh as possible.”
The regulator may also explain the need to maintain tight monetary conditions for longer than previously assumed, according to Vashchelyuk.
Russians before It has been saidHow to save a financial cushion.