How to save money in 2019 (expert opinion)

2024 Author: James Gerald | [email protected]. Last modified: 2023-12-17 14:00

According to analysts, in the near future an unstable economic situation will operate in Russia, which may entail the loss of a large amount of accumulated finances. Despite the potential danger, many ways have been developed to save money in 2019, according to the advice of experts.

Many people say that money is a secondary good of humanity and morally it is. But people who have worked for many years, earning money to fulfill some of their desires, want to keep their earnings for a long time and save it in times of crisis.

How to save savings in 2019

Based on financial predictions about the unstable situation in the country, analysts and financial experts have prepared a list of effective ways to save money from inflation and where it can be invested in 2019.

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Investing in a bank

You need to choose a reputable bank and invest your finances. Regardless of the fact that an unstable economic situation has developed in Russia, any citizen can easily save money during the crisis by making deposits in credit institutions.

If you choose this method of saving finances, then there will be an opportunity to earn money on the money invested at the expense of interest, which will be added in the course of the deposit.

Before trusting your savings to one or another bank, you need to carefully check it, study the information available about it in order to avoid unpleasant situations, but, on the contrary, save and save.

Investment in mutual funds

Recently, the most popular place where you can invest your own savings on terms of receiving interest are mutual funds. However, in order for the method to work effectively, and finances to multiply, you need to seek help from a specialist who will help you invest money wisely.

Real estate

Another option for saving money is buying real estate, because the value of it rarely falls. Especially if you take into account the latest financial forecasts, then housing prices will be much higher after a while, allowing you to further profitably sell it.

In this regard, investments in real estate are an effective means of preserving and adding to the collected savings in 2019.

In addition, the purchased housing can be used as a source of permanent income if an apartment, house or room is provided for rent to citizens in need. This option will bring monthly stable income.

Securities

Buying securities is one of the best ways for Russians to keep their money in case of default in 2019. This is due to the fact that the purchase of stocks, bonds and other securities covers the intensity of inflation growth. It is important to understand that augmentation of finances through this method is not so possible. But for the guaranteed preservation of savings, this method is best suited.

But you should know that there is still a risk of losing part of your finances. This can happen when the company, the shares of which were repurchased, becomes bankrupt. But in any case, it is better to buy securities and keep money in a safe place than, for example, hide them under the bed at home.

Experts advise buying federal loan bonds, due to the fact that the issue is directly occupied by the state itself and the Central Bank. Under any conditions, the owner of these securities will have about 15 percent per year.

Gold

Also another sustainable method for saving money is buying gold. The cost of this metal is considered one of the most stable indicators among other materials due to the impossibility of depreciation under any circumstances. Any bank will be able to provide anyone with gold bars for purchase. In addition, the acquired jewelry can be stored in a safe deposit box, which is taxed at 18% of the price of gold.

Under such conditions, the buyer of the precious metal is issued a certificate, which is a confirmation of the fact of the purchase. You can also buy gold coins, which will be especially attractive to people involved in numismatics.

Another option for purchasing gold in Russia is to open a bank account called "gold". This method implies tax exemption. They do not receive metal in the presence, but only reflect it officially in the documents.

Land acquisition

To save personal funds, a good way is to buy an agricultural plot. This will save your finances, as well as add a little. The land stands still and cannot be stolen. Buying a plot will allow you to live without needing anything in a crisis.

Electronic systems

Another modern method of saving savings is electronic systems. They are reliable, efficient and safe because they guard the best service products. To store finances, you must first register in one of the electronic wallets, indicating your personal data. The most famous wallets on the network are Webmoney, Qiwi, Yandex.

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Business

A great way to save money is to start a business. First, you need to decide exactly where to invest money to generate income. It is important to study the market and understand what people need most. Experts advise against selling products or opening service companies. Nowadays, online shopping can bring big profits.

Due to the unstable economic situation in Russia, many people try to save their finances by opening deposits and making purchases, thereby avoiding cash. This method is the most effective and proven over the years. It should be understood that in crisis conditions it is difficult to find an option that will allow you to bring a stable income.

There is a possibility that small investments and investments in various sources will help to achieve a good result. Everyone decides for himself which method to use.