How to save money in wartime.
During Russia's war against Ukraine, a large number of people are faced with the question: what to do with money in order to protect their financial situation as much as possible from all kinds of risks?
Cash or a card?
First of all, experts advise having cash in your pocket. Ukrainians are likely to need cash in those cities and regions of the country where intense hostilities are taking place, because even if there are products in the store, the terminal may not work.
Therefore, if it is possible to withdraw money, then do this.
But if you are confident in your future stay, that is, you know that in the near future you will find yourself abroad, or if you live, for example, in the western regions of Ukraine, then experts advise keeping money on a bank card.
There should be no problems with this, because today chain supermarkets, gas stations, pharmacies, post offices are equipped with terminals that work almost smoothly.
By the way, these are the recommendations given by the National Bank, explaining this by the fact that paying with a card you, among other things, minimize the threat of danger to people who replenish ATMs.
Well, if you travel abroad, then remember that due to the large influx of refugees in many European countries, there is already a problem with the exchange of hryvnia for local currency.
What to do with money?
«There have been many wars in the history of mankind, so there are many recipes for what to do with money. It all depends on what we expect», — Vitaliy Opanasyuk, Candidate of Economic Sciences, Associate Professor of the Department of Economics at Kiev International University, says to Styler.
Here are a few options for what to do with money today:
- if you need money for migration, going abroad border — you need to transfer to any currency (dollars, euros, pounds, zlotys, etc.)
- if you need to hold out in the occupied territory or in the war zone — we convert money into cigarettes, canned food, flour, sugar and other tangible assets
- if there is too much money in non-cash form — then you can buy war bonds, as well as some material resources that do not lose quality and price
- if there is too much money in cash — it is more difficult, it is difficult and dangerous to transport cash in large volumes, but you can invest in cryptocurrency, gold and the like.