When It Rains, It Pours

Our family takes full advantage of this beautiful weather, and I am sure these claimed averages do ring true, but this does not stop us from checking the weather forecast on a daily or weekly basis. Whether we are making a trip to the local zoo, planning a beach day, or having a picnic with friends, we’d like to know the specifics of what the weather will be like. We need to know if we should pack jackets for our two boys or if we should wear shorts or on the rare occasion that it would be wise to bring an umbrella. We don’t prepare for an outing based on the “average” weather; we plan according to the day’s actual weather. I know the statement above is both obvious and silly, but when it comes to inflation, people often prepare and fear the “average,” but are unaware of the actual. Today we will discuss why inflation is a very personal matter and how one’s financial plan should address their personal inflation expectations. Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com