Shannah Shares: What Is Going on With Inflation and How Will It Impact the Holidays

This episode of Shannah Shares was inspired by a listener question from Selena: "Hi, Shannah and everyone at Millennial Money. I was so excited to find your podcast last year in the midst of a very tough money year and really a tough year all around. I was feeling super down about my money and not being able to hit my goals. I just want to first say that you helped me get rid of some stress, sleep better, and hit my goal of fully funding my Roth IRA in 2020. This year, I wanted to go deeper, start stock investing, pay off some debt and get more of a money vision together, and I was like, let me see what my girl Shannah has to say. I’m so happy to report that I’ve checked all of those off my list even without making any additional money. Seriously, when you say we can do it, you actually mean it. I tell all my friends about this show. Ok, my question. I’m hearing a lot about inflation and the holidays and I don’t totally understand why I should care. I’m in my early 40’s and have heard stories when inflation was really high in the ’80s, I think, and there were lines for gas, getting a mortgage was super expensive, but what does it mean now and how will it impact this holiday season and I guess into next year. Thanks again for all you do…really, it makes a difference. Your friend Selena." I was joined by Kristin Meyers, Editor in Chief of The Balance, to provide insight into how inflation is hitting wallets this year, what consumers can expect over Christmas, and tips and tricks on how to rethink holiday shopping. Links The Balance Trending Economics Kristin Meyers Episode Sponsors A big thanks to all our sponsors who make this podcast possible! I want you to start living a happier life today. As a listener, you’ll get 10% off your first month by visiting our sponsor at http://www.betterhelp.com/mymoney.  Join the fastest growing venture capital investment community and invest in IntellAct at http://www.ourcrowd.com/mymoney . Make it the year you finally cross life insurance off your list, and get protection for your loved ones. Go to http://www.policygenius.com and get started. You could save 50% or more by comparing quotes and start the new year with one less thing to worry about. FOLLOW & SHARE Leave us a 5-star review. Head to this link and let us know why you love the show. Reviews help us continue to grow and bring on more amazing guests. Thank you in advance! http://bit.ly/millennial-money. Love this episode? Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode! Sign up for my weekly Let’s Talk Money email newsletter https://bit.ly/letstalkmoneyemail Shannah Shares: Community Questions Have a Shannah Shares question, submit it here https://www.mmoneypodcast.com    Follow Me Here for More Money Tips Shannah on Twitter https://twitter.com/shannahgame  Shannah on Instagram https://www.instagram.com/shannahgame/ See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices