By Godfrey Gobba
For most of us, the safety of our money is paramount. Thus efforts to secure our money should be focused on achieving both the safety of our principal and the safety of our purchasing power.
However, majority of us tend to focus primarily on the safety of our principal which of course is only half the safety equation.
So this got me thinking.
In terms of principal and purchasing power, how safe is my money?
IN MY BANK
A couple of years ago I got this savings account in a popular bank that promised zero monthly charges and for a while I enjoyed absolute safety for my principal.
This account however paid no interest which meant that whereas I had absolute safety for my principal, I had zero safety for my purchasing power.
But several months ago, this romantic “zero monthly charges
