📈 Tips for Dealing with Today’s Inflation

While we’re not at the inflation peak we saw three years ago, prices are still trending up. These quick tips can help you stay in control—no matter where inflation goes.

✅ Examine Your SpendingIf you don’t have a budget yet, now’s the time to build one. Essentials like housing, groceries, health care, and transportation come first. For non-essentials—like dining out, entertainment, travel, and gifts—see where you can trim the fat.

✅ Review Your Emergency FundMake sure your emergency savings can cover 3 to 6 months of your current living expenses.

✅ Be Cautious With Cash HoardingHolding too much cash might feel safe, but during inflation, it actually reduces your purchasing power. Staying invested—even during volatility—can pay off. A hypothetical investor who missed the 5 best market days between 1988 and 2024 would have reduced their portfolio value by 37%!

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