Inflation is challenging, but there are still ways you can meet your savings goals. This story was created through a strategic partnership with AARP. happyaging
over age 30 surveyed by AARP have adjusted their lifestyles within the past year due to inflation. Even though it’s unclear how long the high prices will last, all isAsk yourself, “How much extra money do I need in order to cover my expenses?” to see how the value of your money has changed. This may be easier to read than to do. The idea, here, is to increase the amount of income that you receive from part-time gigs, full-time jobs, or independent contract work.
When you make payments, the amount is automatically rounded up and directed into an investment account. This will help you get into the habit of investing even if you do not have a large amount of cash to deposit. If you have a savings account, consider depositing some of your money into an investment account. High debt is a threat during inflation. Keep your balance down and transfer balances to credit cards with low-or-no interest rate whenever possible.
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