Things You Can Do Now to Fight Price Inflation
Nearly everything at the store, from beef and cereal to fruit and veggies, costs more than it did a year ago. Inflation is the culprit eating away at your budget.
You may not have noticed yet because it takes a while for these changes to trickle down. But we need to be keenly aware of what’s going on to stay ahead of this. We need to know what to do now.
Beat the Shrink
Inflation doesn’t always show up in the price of an item. It may appear that nothing has changed, but check the product size. It’s a sneaky and common way that retailers hide inflation. They shrink the size of the product but leave the price the same.
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Steen Jakobsen and others who are extremely concerned of the secular era of rising inflation they see us headed into. And these interviews contain a lot of valuable guidance about how to position your portfolio accordingly.
But I’d like to offer some guidance that everyone, regardless of net worth, can follow to help insulate their home budget against the threat of rising prices.
I offer 29 steps below some big, some small that my husband and I are implementing in our own life. And while these steps save money, they don’t sacrifice quality of life. No one (including me!) wants to lower their living conditions if they don’t have to.