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I love to save money, but sometimes saving money can actually cost you money. Here are 3 ways you may end up losing more than you save. Inflation. People often sacrifice for what they perceive as safety – especially in uncertain times. The news seems awash in stories of people so terrified by the [...] We often hear that the record spending of the U.S. federal government is going to lead to an increase in inflation – either a moderate increase of 3-4% or hyperinflation on par with Weimar Germany of the 1920′s, depending on who you listen to. I’m not going to get into the hyperinflation debate, but [...] Unless you outpace inflation, it can destroy your savings. BankRate.com has a poorly timed article titled: Inflation-Beating Investments for Retirement I say it’s poorly timed because with the U.S. in what will likely be a pretty severe recession, high inflation is an unlikely risk. Especially since energy prices are down around 65% from [...] |
 
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