Saving vs. Inflation

I know some people who complain that they do not have enough financial means and yet they do not do something about it. They are so conservative that they just put their money at the bank earning a measly interest of 4% less government share of 20%. Unfortunately, that kind of saving is way too low from the current inflation rate of 11.4%, the highest in 14 years as reported by the Philippine Star dated July 5, 2008.

How should one solve this dilemma? Be financial literate. Ask me how..