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Sortter Has Designed Tools That Can Aid Users In Fighting Inflation

By: Get News

Sortter, a Finnish FinTech company engaged in algorithmic comparison of financial services, has designed free web-based tools that can aid its users to leverage timeless anti-inflation advice.

In the current high-inflation environment, it’s become more essential than ever to lower its impacts. Inflation’s damage to everyday living and wealth can be reduced by following common personal finance advice through Sortter’s free web-based tools.

Here are some of the most given tips by professionals that Sortter’s web-based tools can help one try:

–  Budget Updating

Even more crucial in high-inflation periods, examining the earnings and expenses can inspire one to find solutions they couldn’t before. On rare occasions, new ways to increase earnings may be discovered. But almost always, one will identify expenses that can be eliminated or reduced.

A good example is the high costs associated with traditional methods of transferring money. Sortter’s money transferring service comparison tool is designed to reduce such expenses by finding the most suitable money transfer service providers according to the user’s criteria.

–  Emergency Fund Protection

Protecting an emergency fund (money set aside for a rainy day) from inflation can be achieved by opening a high-yield savings account. The problem is that traditional banks don’t often offer very attractive interest rates for savings accounts.

Digital banks, on the other hand, have lower overhead costs and they can afford to compete with traditional ones by offering savings accounts that enjoy higher yields.

But because Sortter understands that needs can vary wildly in regards to selecting the right digital bank, it has launched a digital bank comparison tool. This takes into account multiple criteria like the user’s residence country and preferred features to present the user with the best fits.

–  Addition of Inflation-Hedging Assets to a Portfolio

A very good strategy employed by investors to protect their saved money from high inflation is to buy assets that rise alongside it. A few examples are stocks and ETFs in the consumer staples and REIT (Real Estate Investment Trust) industries, and commodities.

But traditional banks and brokers may be charging a lot of transaction fees and offer a limited variety of such assets. For this reason, Sortter created a trading platform comparison tool to aid investors to hedge against inflation without having to pay high commissions for a limited number of assets. This will essentially compute inputs like preferred trading activity level, desired assets, and trading experience to present the most relevant online brokers to the user.

Media Contact
Company Name: Sortter
Contact Person: Marko Kokkonen
Email: Send Email
Country: Finland
Website: https://sortter.com/

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