Inflation: What it is and how to combat it

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Episode Summary:

Today I want to talk to you about a really hot topic: INFLATION. The high levels of inflation that we're facing have been putting a dent in everybody's wallets, so today I want to talk to you about four money moves you should be making with your money during these high inflation times. I’ll also share two tips to consider when thinking about your cash because there are ways to take advantage of this high interest rate environment that we are also in at the same time. But even before I get into these tips and start thinking about strategies for you, I want to talk to you a little bit about what exactly inflation is and why we care and what we should expect going forward. I hope this episode helps you feel more confident and hopeful.

Topics:

• What exactly inflation is, the different things that minimize or increase inflation, and how this can affect our day to day 
• The impact that the pandemic and low interest rates had on overall consumerism and inflation and how the Fed is trying to combat it 
• Interesting data that has been seen since July from the housing market to cash flow 
• How you can shop smarter during a high inflationary period, especially for everyday expenses 
• Planning for bigger purchase so that you feel more confident in the decision making
• The best way to protect your money from inflation in the long run
• Finding the best budgeting strategy and tools for you 
• Doing an energy, insurance, and interest rate audit to save more money over time 

Resources:

• Mint

•  You Need a Budget (YNAB)