Understanding Inflation – What It Means for Your Money

Inflation means prices rise over time. It reduces your purchasing power — meaning your money buys less. This affects groceries, rent, savings, and more.

Look for consistent price increases in essentials like food, gas, and rent. If your salary isn’t keeping up, you’re likely feeling inflation’s impact.

Build a flexible budget, invest wisely, automate savings, and consider locking in fixed costs like leases or subscriptions.

Not always. A little inflation is normal and even healthy for the economy. The problem arises when prices rise too fast and wages don’t keep up.

Yes. During high inflation, traditional savings may lose value. Consider investments that historically outpace inflation, like index funds or real estate.

Start by tracking your spending, cutting non-essentials, and setting aside buffer funds for rising costs.