Financial Future - Your money in time of War

Everyday the tensions between the countries keep increasing, the borders are pushed back and forth, the economy keeps rising and falling, it is only a matter of time before a war breaks out and ruins your financial status.

War is an unavoidable risk that causes panic and fear amidst people. It is an impending doom that is hanging above your head held by a single thread that can snap at anytime. In face of this looming thread how strong are your finances and how long can they withhold before they give in? Safe guarding your finances and being financially secure during the time of war is not just an option anymore but a complete necessity for survival.

Even if you escape getting caught up in the war, if you don't have proper finances, it would be a herculean task for you to start over your life. War destroys everything in its path, let it be your business or your economy. It causes severe inflammation, mass unemployment, financial instability and property loss.

The impact of not planning for your finances for war time:

"By failing to prepare; you are preparing to fail" - Benjamin Franklin

War always causes immense loss on both lives and economy. They can cause a deep scar on a country's economy that takes decades to heal. During that time the citizens may face inflation or if the damage is huge, they may also face hyper-inflation. Either way the tax will be increased and the cost of running our day-to-day life will get higher and higher. Not to forget that there is always a high chance that your property might be bombarded, with these potential financial risks that can happen abruptly at any time, it is best to stay planned and prepared to reduce the damage your finances may get during the time of war.

To know more about the degree of impact a war has on the economy let's look into some real-life instances:

Britain's close call to bankruptcy:

Though Britain did not go through an official bankruptcy, it's economy suffered a heavy blow during World War 1. The immense cost to drive the war and to get a strong foothold, the Britain government incurred huge debts making its national debt go from £650 million in 1914 to £7.7 billion in 1919. This caused an immense financial strain on the Britain, making its economy go haywire for a while. Until today Britain has failed to fully recover from post-war weakness brought by this recession. This economic burden has led to increased income tax as well as inflammation affecting a larger amount of population due to the increase in prices. During the 1920s Britain faced a massive unemployment adding more difficulties to the economic hardships the people of Britain were already going through.

Russia and Ukraine's increasing economic instability:

As the War between Russia and Ukraine enters its fourth year, the economy of both countries has experienced numerous rise and falls, making it increasingly instable. The 1.4% slump in the Russian GDP at the start of the war has recovered to 3.6% in 2023 and by almost 4.3% in 2024. But this improvement came at the cost of various inflammations. The Central bank of Russia raised the key interest rate to 18% in July 2024. Various reports have stated that Russia has entered the state of economic inequality. The major key note that points out the economic instability is the increasing inflation rate which has reached 10.10% in February 2025.



Citizens of Ukraine face an even more drastic fall in their economy when compared to Russia. This ongoing conflict has inflicted a severe strain on Ukraine and made it highly dependent on external aid. Similar to Russia, Ukraine also faced a drop in GDP of almost 28% in 2022 due to the full-scale invasion by Russia. Inflation has also risen by 12% by December 2024 in Ukraine due to increased labor wage and insufficient energy.

The Victim of Syrian war:

A 22 year old day laborer has reported the difficulties he faced for his daily survival amidst the Syrian War to a Syrian non profit media organisation. He earns about only 50,000 Syrian pounds and expresses that he couldn't manage his family of five due to the inflammation and lower income. Even if he wanted to immigrate to another country, his limited funds have become a largest hurdle to start a new life.

So these examples can explain the severity of the impact that the war can make on your finances. Confronting a war period unprepared is going into battle with only a knife against guns.

What can you do to secure your finances?

Invest wisely and be prepared for any financial crisis. How to do this? Get help and support from our experienced staff members @SNC. Finance, Legal, Risk, Tech, Digital strategy all under one roof with expertise. Strategize your funds and invest smartly with us. Our CFO support will guide you through the turbulent times and can be your anchor in the storm. Help us build a shield for your finances and keep them safe during the war time.

War is uncertain and is definitely frightening but with us you can be at ease financially. As Suze Orman once said, "When you take control of your money, you take control of your life." so join hands with us and have a financially peace of mind.