INFLATION PROOFING YOUR FINANCES - HOW TO PROTECT YOUR MONEY

Send us Fan Mail🟦 Inflation is a silent thief that can slowly rob you of your money’s value if you're not careful. It is a major concern for most of us but what does it mean?Well, inflation occurs when the cost of goods and services rises which then diminishes the purchasing power of money. It can have a serious impact on your pocketbook, hence the need to understand how inflation affects you and what you can do to manage its impact.🟦 I will be taking a closer look at the basics of inflation and some steps you can take to protect your financial stability in such a volatile economy.Here are some HIGHLIGHTS from this episode. 03:23 The state of play04:32 A few stats05:47 Consumer Price Index defined08:57 What is inflation and how does it work?09:51 Methods that can help stabilizing prices11:54 What do economists think?13:58 Inflation drivers17:59 Three main reasons prices are going up right now19:05 How will higher inflation rates affect your finances?Inflation-proofing strategies20:26 Revisit your household expenses21:27 Reassess your savings21:55 Rethink borrowing24:18 Re-evaluate your investment portfolio25:07 Take a look at your pension arrangements30:49 Quote of the showSupport the showConnect with me:Instagram: https://www.instagram.com/thefinanciologist/Facebook: https://www.facebook.com/merginglifeandmoneyYouTube: https://www.youtube.com/@merginglifeandmoneyLinkedIn: https://www.linkedin.com/in/mjcaesarClick this link https://mariejocaesar.com/fmtq/take-the-quiz to take the "Discover Your Financial Mindset Type” Quiz, so you can start taking control of your financial destiny and transform your financial identity.Click this link: https://mariejocaesar.com/consult to book a FREE consultation now! Let's map out your path to financial wellness together. Your future self will thank you.