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Savings simulator: Is your money beating inflation?
![Savings simulator: Is your money beating inflation?](https://dailybusinessinvestor.com/wp-content/uploads/2023/10/231006-high-yield-savings-v2-lr-b3a43a-lsEZRz.jpeg)
To determine whether or not your money is beating inflation, you can use a savings simulator to compare the current rate of inflation to your specific rate of return over a certain period of time. This will give you an accurate picture of how your money is doing in comparison to inflation. With a savings simulator, you can input different savings scenarios to determine what rate of return you should be aiming for to maintain your purchasing power over time.