If you deposit your hard-earned money for 5 years. Everyone likes to save money. But it is very important to deposit it at the right place. Suppose, you deposited ₹ 1,00,000 money. In this, we will account for inflation.
If you deposit your hard-earned money – Inflation .
Inflation – Whatever you buy today, its price may increase in the coming days. With this, you can say inflation in simple language. Let’s assume it is happening with 6 percent every year.
| Years | Present Value (Future) | price inflation |
| 1 | ₹94,000 | ₹6,000 |
| 2 | ₹81,640 | ₹12,360 |
| 3 | ₹62,538 | ₹19,102 |
| 4 | ₹36,290 | ₹26,248 |
| 5 | ₹2,467 | ₹33,823 |
If seen, the value of ₹ 1,00,000 after 5 years is ₹ 2,467. Meaning if you deposit money then its value is this much. Let us get more information from this. Suppose you bought a movie ticket last year 2023 for ₹ 1,000. Today its price has become ₹ 1,060. Whose price is like this –
| Years | Present Value (Future) | price inflation |
| 1 (2024) | ₹1,060 | ₹60 |
| 2 (2025) | ₹1,124 | ₹124 |
| 3 (2026) | ₹1,191 | ₹191 |
| 4 (2027) | ₹1,262 | ₹262 |
| 5 (2028) | ₹1,338 | ₹338 |
This money may be less, but if you compare it with lakhs or many other things then it has increased a lot. Now, let’s take a look at this from the perspective of gold. – Year 2018 price of gold 10 gram 24 karat ₹ 31,438. You thought you would buy after 5 years
| Years | Market Price | Percent |
| 2019 | ₹35,220 | ₹3,782 (12.903%) |
| 2020 | ₹48,651 | ₹17,213 (54.839%) |
| 2021 | ₹48,720 | ₹17,282 (54.972%) |
| 2022 | ₹52,670 | ₹21,232 (67.536%) |
| 2023 | ₹65,330 | ₹33,892 (107.806%) |
If you deposit your hard-earned money, Now you need ₹31,438 + ₹33,892 if you want to buy gold. Is this not more harmful? It did not go with 6 percent but with 107.806%. If we want to buy, we have some options.
- First, buy today
- Second, invest that money.
- Third, we should have enough money in the future so that we can buy.
The accumulated money can never increase. hope it will help something to learn valuable If you deposit your hard-earned money .
Read other topics – How to stop advertising on mobile screen . Check Brave .